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ETFs

CP High Yield Trend ETF

HYTR
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 21 2020
Expense Ratio
0.79%
Type
US Bonds
Fund Owner
Counterpoint Mutual Funds
Volume (1m avg. daily)
$28,440
AUM
$6,734,000
Associated Index
CP High Yield Trend Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

USHY
BlackRock Institutional Trust Company N.A. - iShares Broad USD High Yield Corporate Bond ETF
39.41%
JNK
SPDR Series Trust - SPDR Bloomberg High Yield Bond ETF
29.54%
HYG
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD High Yield Corporate Bond ETF
29.48%
n/a
US DOLLARS
1.57%
n/a
Derivatives offset
0.00%
Invest with HYTR

What is HYTR?

The Fund seeks to provide investment results that track, before fees and expenses, the performance of the CP High Yield Trend Index (the Index ). The Fund seeks to achieve its investment objective by investing at least 80% of its net assets in securities included in the Index. The rules-based index is comprised of a blend of allocations to two asset classes: U.S. high yield corporate bond exchange-traded funds ( ETFs ) and U.S. 3-7 year Treasury ETFs.

ETFs related toHYTR

ETFs correlated to HYTR include UJB, HYDB, USHY

HYTR
Northern Lights Fund Trust III - CP High Yield Trend ETF
UJB
ProShares Trust - ProShares Ultra High Yield 2x Shares
HYDB
BlackRock Institutional Trust Company N.A. - iShares High Yield Bond Factor ETF
USHY
BlackRock Institutional Trust Company N.A. - iShares Broad USD High Yield Corporate Bond ETF
HYGV
FlexShares Trust - FlexShares High Yield Value Scored Bond Index ETF
BBHY
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders USD High Yield Corporate Bond ETF
JNK
SPDR Series Trust - SPDR Bloomberg High Yield Bond ETF
HYLB
DBX ETF Trust - Xtrackers USD High Yield Corporate Bond ETF
HYG
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD High Yield Corporate Bond ETF
HYDW
DBX ETF Trust - Xtrackers Low Beta High Yield Bond ETF
PHB
Invesco Capital Management LLC - Invesco Fundamental High Yield 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
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Create your own algorithmic trading strategy with HYTR using Composer

FAQ

HYTR is a US Bonds ETF. The Fund seeks to provide investment results that track, before fees and expenses, the performance of the CP High Yield Trend Index (the Index ). The Fund seeks to achieve its investment objective by investing at least 80% of its net assets in securities included in the Index. The rules-based index is comprised of a blend of allocations to two asset classes: U.S. high yield corporate bond exchange-traded funds ( ETFs ) and U.S. 3-7 year Treasury ETFs.

HYTR tracks the CP High Yield Trend Index.

No, HYTR 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, HYTR 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 HYTR is -0.0043%. This is the percent change in the value of HYTR over the most recent 1-month period. The 3-month return on HYTR is 0.0145%. This is the percent change in the value of HYTR over the most recent 3-month period.

The standard deviation of HYTR for the past year is 0.0746%. 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 HYTR include BSV, SPAB, and AGG.

ETFs correlated to HYTR include UJB, HYDB, and USHY.

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

Disclaimers

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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.