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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)
$6,164,266
AUM
$1,007,409,039
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

SLH5479266
CLOUD SOFTWARE GROUP HOLDINGS INC CALLABLE NOTES
0.88%
n/a
CASH
0.87%
ATHN5351551
ATHENAHEALTH GROUP INC CALLABLE NOTES FIXED 6.5
0.78%
MCFE5355988
MCAFEE CORP CALLABLE NOTES FIXED 7.375
0.67%
UNIT5536194
UNITI GROUP LP / UNITI GROUP FINANCE INC / CSL
0.66%
NLSN5500983
NEPTUNE BIDCO US INC CALLABLE NOTES FIXED 9.29
0.60%
NFE5157982
NEW FORTRESS ENERGY INC CALLABLE NOTES FIXED 6.5
0.58%
DISH4411380
Dish DBS 7.75 % Notes 2016-01.07.26 Gtd Global
0.56%
ALLVF4855434
CSC HOLDINGS LLC CALLABLE NOTES FIXED 5.75
0.50%
MDBV5024219
NFP CORP CALLABLE NOTES FIXED 6.875 15/AUG/2028
0.48%
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 JNK, USHY, HYG

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

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

#INC

Dynamic Income

Category

Composer's Picks

Risk Rating

Moderate

#DYNAM

Dynamic Stocks and Bonds

Category

Getting Defensive

Risk Rating

Moderate

Create your own algorithmic trading strategy with HYGV using Composer

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 -0.0072%. This is the percent change in the value of HYGV over the most recent 1-month period. The 3-month return on HYGV is 0.0025%. 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 0.1274%. 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 VCIT, USIG, and LQD.

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

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

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.