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ETFs

High Yield ETF

HYLD
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 30 2010
Expense Ratio
1.29%
Type
Global Bonds
Fund Owner
Exchange Traded Concepts
Volume (1m avg. daily)
$281,071
AUM
$101,166,000
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
CASH & OTHER
7.91%
n/a
ISHARES USD ASIA HYLD BD-ETF
1.80%
VSTE5279409
Vistra Corp. Fixed-to-Fltg Cum Red Perp Pfd Registered Shs Series -A- -144A-
1.29%
ALLVF4402916
CSC HOLDINGS LLC 5.5 4/15/2027
1.17%
F/30B
Ford Motor Credit Company LLC - 7.35% NT REDEEM 06/03/2030 USD 200000
1.11%
CCL5129977
CARNIVAL CORP 5.75 3/1/2027
1.09%
CHTR4885914
CCO HLDGS LLC/CAP CORP
0.92%
F/27Y
Ford Motor Credit Company LLC - 4.125% NT REDEEM 17/08/2027 USD 200000
0.85%
CHTR5012343
CCO HLDGS LLC/CAP CORP
0.82%
n/a
BAKEMARK HOLDINGS INC. 08/02/29 TERM LOAN
0.78%
Invest with HYLD

What is HYLD?

The investment objective of the Peritus High Yield ETF (HYLD) is to generate a high current income with a secondary goal of capital appreciation. HYLD is sub-advised by Peritus I Asset Management LLC. Peritus seeks to achieve the Fund s objective by selecting a focused portfolio of high yield debt securities that via their coupons generate a high current income stream. Peritus takes a value-based active credit approach to the markets largely foregoing new issue participation favoring instead the secondary market where Peritus believes there is less competition and more opportunities for capital gains. Peritus de-emphasizes relative value in favor of long-term absolute returns.

ETFs related toHYLD

ETFs correlated to HYLD include CWB, ICVT, HYBL

HYLD
Exchange Listed Funds Trust - High Yield ETF
CWB
SPDR Series Trust - SPDR Bloomberg Convertible Securities ETF
ICVT
BlackRock Institutional Trust Company N.A. - iShares Convertible Bond ETF
HYBL
SSgA Active Trust - SPDR Blackstone High Income ETF
PCEF
Invesco Capital Management LLC - Invesco CEF Income Composite ETF
QAI
IndexIQ ETF Trust - IQ Hedge Multi-Strategy Tracker ETF
YYY
Amplify ETF Trust - Amplify High Income ETF
EMHY
BlackRock Institutional Trust Company N.A. - iShares J.P. Morgan EM High Yield Bond ETF
ERTH
Invesco Capital Management LLC - Invesco MSCI Sustainable Future ETF
AOM
BlackRock Institutional Trust Company N.A. - iShares Core Moderate Allocation ETF
GHYG
BlackRock Institutional Trust Company N.A. - iShares US & Intl High Yield Corp 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 toHYLD

#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 HYLD using Composer

FAQ

HYLD is a Global Bonds ETF. The investment objective of the Peritus High Yield ETF (HYLD) is to generate a high current income with a secondary goal of capital appreciation. HYLD is sub-advised by Peritus I Asset Management LLC. Peritus seeks to achieve the Fund s objective by selecting a focused portfolio of high yield debt securities that via their coupons generate a high current income stream. Peritus takes a value-based active credit approach to the markets largely foregoing new issue participation favoring instead the secondary market where Peritus believes there is less competition and more opportunities for capital gains. Peritus de-emphasizes relative value in favor of long-term absolute returns.

Yes, HYLD is actively 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.

No, HYLD is not passively managed. It is actively 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 HYLD is -0.0011%. This is the percent change in the value of HYLD over the most recent 1-month period. The 3-month return on HYLD is -0.0165%. This is the percent change in the value of HYLD over the most recent 3-month period.

The standard deviation of HYLD for the past year is 0.0882%. 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 HYLD include IGSB, VCSH, and HYG.

ETFs correlated to HYLD include CWB, ICVT, and HYBL.

ETFs that are inversely correlated to HYLD include SJB, EFZ, and HIBS.

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.