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ETFs

FlexShares High Yield Value-Scored Bond Index Fund

HYGV
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 17, 2018
Expense Ratio
0.37%
Type
Global Bonds
Fund Owner
Flexshares (Northern Trust)
Volume (1m avg. daily)
$7,467,044
AUM
$1,272,318,040
Associated Index
Northern Trust High Yield Value-Scored US Corporate Bond Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

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NEPTUNE BIDCO US INC CALLABLE NOTES FIXED 9.29
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VENTURE GLOBAL LNG INC CALLABLE NOTES FIXED 8.125
0.90%
n/a
Staples 7.5 % Notes 2019-15.04.26 Secured 1st Lien -144A-
0.69%
TEN5635583
TENNECO INC CALLABLE NOTES FIXED 8 17/NOV/2028
0.66%
VERH5030487
VERITAS US INC / VERITAS BERMUDA LTD CALLABLE
0.62%
DISH4411380
Dish DBS 7.75 % Notes 2016-01.07.26 Gtd Global
0.60%
IEP4964301
ICAHN ENTERPRISES LP / ICAHN ENTERPRISES FINANCE
0.51%
VOD5335697
VZ SECURED FINANCING BV CALLABLE BOND FIXED 5
0.51%
AMHK5073331
ASTON MARTIN CAPITAL HOLDINGS LTD CALLABLE NOTES
0.51%
LMCA4999470
SIRIUS XM RADIO INC CALLABLE NOTES FIXED 4.125
0.50%
Invest with HYGV

What is HYGV?

The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust High Yield Value-Scored US Corpo-rate Bond Index (the Underlying Index ). The Underlying Index reflects the performance of a broad universe of US-dollar denominated high yield corporate bonds that seeks a higher yield than the overall high yield corporate bond market, as represented by the Northern Trust High Yield US Corporate Bond Index (the Parent Index ). The securities included in the Underlying Index are a subset of the securities included in the Parent Index.

ETFs related toHYGV

ETFs correlated to HYGV include USHY, JNK, SHYG

HYGV
FlexShares Trust - FlexShares High Yield Value Scored Bond Index ETF
USHY
BlackRock Institutional Trust Company N.A. - iShares Broad USD High Yield Corporate Bond ETF
JNK
SPDR Series Trust - SPDR Bloomberg High Yield Bond ETF
SHYG
BlackRock Institutional Trust Company N.A. - iShares 0-5 Year High Yield Corporate Bond ETF
HYLB
DBX ETF Trust - Xtrackers USD High Yield Corporate Bond ETF
SJNK
SPDR Series Trust - SPDR Bloomberg Short Term High Yield Bond ETF
HYG
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD High Yield Corporate Bond ETF
UJB
ProShares Trust - ProShares Ultra High Yield 2x Shares
BBHY
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders USD High Yield Corporate Bond ETF
HYDB
BlackRock Institutional Trust Company N.A. - iShares High Yield Bond Factor ETF
HYBB
iShares Trust - iShares BB Rated Corporate Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toHYGV

#SD

Smarter Dividends

Category

Composer's Picks, Investing for the Long-Term

Risk Rating

Moderate

#RB

Rotating Bonds

Category

Getting Defensive, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with HYGV using Composer

News Related to HYGV

Run Up The Score With This Bond ETF

Feb 20, 2019 • by ETF Professor
Read

Finding Value In A New High-Yield ETF

Jul 18, 2018 • by Benzinga
Read

FAQ

HYGV is a Global Bonds ETF. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust High Yield Value-Scored US Corpo-rate Bond Index (the Underlying Index ). The Underlying Index reflects the performance of a broad universe of US-dollar denominated high yield corporate bonds that seeks a higher yield than the overall high yield corporate bond market, as represented by the Northern Trust High Yield US Corporate Bond Index (the Parent Index ). The securities included in the Underlying Index are a subset of the securities included in the Parent Index.

HYGV tracks the Northern Trust High Yield Value-Scored US Corporate Bond Index.

No, HYGV is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, HYGV is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on HYGV is 0.0033%. This is the percent change in the value of HYGV over the most recent 1-month period. The 3-month return on HYGV is 0.0215%. This is the percent change in the value of HYGV over the most recent 3-month period.

The standard deviation of HYGV for the past year is 0.099%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to HYGV include IGSB, SPIB, and VCIT.

ETFs correlated to HYGV include USHY, JNK, and SHYG.

ETFs that are inversely correlated to HYGV include SJB, HIBS, and SPXU.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.