Nuveen ESG High Yield Corporate Bond ETF
Top 10 Holdings
What is NUHY?
The fund employs a passive management (or indexing ) approach, investing in a diversified portfolio of U.S. dollar-denominated, high yield, fixed-rate corporate bonds that satisfy certain environmental, social and governance ( ESG ) criteria. The fund seeks to track the investment results, before fees and expenses, of the Bloomberg MSCI U.S. High Yield Very Liquid ESG Select Index. The Bloomberg MSCI U.S. High Yield Very Liquid ESG Select Index (the Index ) utilizes certain environmental, social, and governance ( ESG ) criteria to select from the securities included in the Bloomberg U.S. High Yield Very Liquid Index (the Base Index ), which is designed to broadly capture the U.S. dollar-denominated, high yield, fixed-rate corporate bond market. The Index draws from the universe defined by the Base Index, which is comprised of U.S. dollar-denominated below investment grade corporate bonds with above average liquidity. Below investment grade bonds are commonly referred to as high yield or junk bonds. The Index is rebalanced monthly.
ETFs related toNUHY
ETFs correlated to NUHY include UJB, HYG, HYDB
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.
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.