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ETFs

Invesco Actively Managed Exchange-Traded Fund Trus Invesco High Yield Bond Factor ETF

IHYF
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 02 2020
Expense Ratio
0.39%
Type
Global Bonds
Fund Owner
Invesco
Volume (1m avg. daily)
$156,970
AUM
$32,772,942
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
CBOT 10 Year US Treasury Note
4.20%
n/a
CBOT 5 Year US Treasury Note
2.57%
n/a
Transdigm Inc 6.25 % Notes 2019-15.03.26 Secd -144A-
0.70%
CCL5129977
CARNIVAL CORP
0.59%
T5226549
Directv Financing LLC / Directv Financing CoObligor Inc
0.55%
S25
Sprint 7.625 % Notes 2015-15.2.25 Gtd Global Sr
0.53%
n/a
COMMERZBANK AG
0.51%
THC4871472
TENET HEALTHCARE CORP
0.51%
n/a
Drax Finc 6.625 % Notes 2018-01.11.25 Gtd Secd -144A-
0.51%
AAGH4973989
Ardagh Packaging Finance PLC / Ardagh Holdings USA Inc
0.51%
Invest with IHYF

What is IHYF?

The Invesco High Yield Bond Factor ETF (Fund) is an actively managed exchange-traded fund (ETF) that seeks total return by investing, at least 80% of its net assets in high-yield, below-investment grade, fixed-income securities, and in derivatives and other instruments that have economic characteristics similar to such securities. The Fund utilizes a factor-based strategy that seeks to outperform the Fund s market-weighted benchmark index by systematically targeting securities in the benchmark index exhibiting quantifiable issuer characteristics (or factors ) that the investment team believes will have higher returns than other fixed income securities with comparable characteristics over market cycles. The Fund may invest up to 20% of its net assets in U.S. Treasury and agency securities. The Fund may also invest up to 10% of its net assets in certain collateralized debt obligations (CDOs), including collateralized mortgage obligations (CMOs) and collateralized loan obligations (CLOs), of any rating, and loan obligations, including bank loans. The Fund may also, subject to the requirements regarding below-investment grade allocations described above, invest in foreign debt securities, including securities issued by foreign governments or companies in developing and emerging markets, but may only invest up to 10% of its net assets in securities denominated in non-U.S. dollar currencies. The Fund may use derivatives to seek to hedge any foreign currency exposure.

ETFs related toIHYF

ETFs correlated to IHYF include GHYG, HYLS, HYLB

IHYF
Invesco Capital Management LLC - Invesco High Yield Bond Factor ETF
GHYG
BlackRock Institutional Trust Company N.A. - iShares US & Intl High Yield Corp Bond ETF
HYLS
First Trust Exchange-Traded Fund III - First Trust Tactical High Yield ETF
HYLB
DBX ETF Trust - Xtrackers USD High Yield Corporate Bond ETF
UJB
ProShares Trust - ProShares Ultra High Yield 2x Shares
JNK
SPDR Series Trust - SPDR Bloomberg High Yield Bond ETF
WFHY
WisdomTree Trust - WisdomTree U.S. High Yield Corporate Bond Fund
HYG
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD High Yield Corporate Bond ETF
BBHY
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders USD High Yield Corporate Bond ETF
FDHY
Fidelity Covington Trust - Fidelity High Yield Factor ETF
SPHY
SPDR Series Trust - SPDR Portfolio High Yield 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 toIHYF

#INC

Dynamic Income

Category

Composer's Picks

Risk Rating

Moderate

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with IHYF using Composer

FAQ

IHYF is a Global Bonds ETF. The Invesco High Yield Bond Factor ETF (Fund) is an actively managed exchange-traded fund (ETF) that seeks total return by investing, at least 80% of its net assets in high-yield, below-investment grade, fixed-income securities, and in derivatives and other instruments that have economic characteristics similar to such securities. The Fund utilizes a factor-based strategy that seeks to outperform the Fund s market-weighted benchmark index by systematically targeting securities in the benchmark index exhibiting quantifiable issuer characteristics (or factors ) that the investment team believes will have higher returns than other fixed income securities with comparable characteristics over market cycles. The Fund may invest up to 20% of its net assets in U.S. Treasury and agency securities. The Fund may also invest up to 10% of its net assets in certain collateralized debt obligations (CDOs), including collateralized mortgage obligations (CMOs) and collateralized loan obligations (CLOs), of any rating, and loan obligations, including bank loans. The Fund may also, subject to the requirements regarding below-investment grade allocations described above, invest in foreign debt securities, including securities issued by foreign governments or companies in developing and emerging markets, but may only invest up to 10% of its net assets in securities denominated in non-U.S. dollar currencies. The Fund may use derivatives to seek to hedge any foreign currency exposure.

Yes, IHYF 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, IHYF 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 IHYF is -0.0113%. This is the percent change in the value of IHYF over the most recent 1-month period. The 3-month return on IHYF is 0.0072%. This is the percent change in the value of IHYF over the most recent 3-month period.

The standard deviation of IHYF for the past year is 0.091%. 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 IHYF include BIV, MINT, and BLV.

ETFs correlated to IHYF include GHYG, HYLS, and HYLB.

ETFs that are inversely correlated to IHYF include SJB, HIBS, and SH.

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.