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ETFs

Schwab High Yield Bond ETF

SCYB
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 07 2023
Expense Ratio
0.10%
Type
Global Bonds
Fund Owner
Schwab
Volume (1m avg. daily)
$724,025
AUM
$50,229,844
Associated Index
ICE BofA US Cash Pay High Yield Constrained Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

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Invest with SCYB

What is SCYB?

The investment seeks as closely as possible, before fees and expenses, the total return of the ICE BofA US Cash Pay High Yield Constrained Index that measures the performance of U.S. dollar denominated below investment grade corporate debt. The index tracks the performance of U.S. dollar denominated below investment grade corporate debt (junk bonds), currently in a coupon paying period, that is publicly issued in the U.S. domestic market. In addition, qualifying securities must have risk exposure to countries that are members of the FX-G10, Western Europe or territories of the U.S. and Western Europe. The FX-G10 includes all Euro members, the U.S., Japan, the United Kingdom, Canada, Australia, New Zealand, Switzerland, Norway and Sweden It is the fund's policy that under normal circumstances it will invest at least 80% of its net assets in below investment grade bonds.

ETFs related toSCYB

ETFs correlated to SCYB include UJB, HYDW, HYDB

SCYB
Schwab Strategic Trust - Schwab High Yield Bond ETF
UJB
ProShares Trust - ProShares Ultra High Yield 2x Shares
HYDW
DBX ETF Trust - Xtrackers Low Beta High Yield Bond ETF
HYDB
BlackRock Institutional Trust Company N.A. - iShares High Yield Bond Factor ETF
JNK
SPDR Series Trust - SPDR Bloomberg High Yield Bond ETF
SHYG
BlackRock Institutional Trust Company N.A. - iShares 0-5 Year High Yield Corporate Bond ETF
HYBB
iShares Trust - iShares BB Rated Corporate Bond ETF
BBHY
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders USD High Yield Corporate Bond ETF
HYLB
DBX ETF Trust - Xtrackers USD High Yield Corporate Bond ETF
USHY
BlackRock Institutional Trust Company N.A. - iShares Broad USD High Yield Corporate Bond ETF
SJNK
SPDR Series Trust - SPDR Bloomberg Short Term 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 toSCYB

#RB

Rotating Bonds

Category

Getting Defensive, Diversification

Risk Rating

Moderate

#SD

Smarter Dividends

Category

Composer's Picks, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with SCYB using Composer

FAQ

SCYB is a Global Bonds ETF. The investment seeks as closely as possible, before fees and expenses, the total return of the ICE BofA US Cash Pay High Yield Constrained Index that measures the performance of U.S. dollar denominated below investment grade corporate debt. The index tracks the performance of U.S. dollar denominated below investment grade corporate debt (junk bonds), currently in a coupon paying period, that is publicly issued in the U.S. domestic market. In addition, qualifying securities must have risk exposure to countries that are members of the FX-G10, Western Europe or territories of the U.S. and Western Europe. The FX-G10 includes all Euro members, the U.S., Japan, the United Kingdom, Canada, Australia, New Zealand, Switzerland, Norway and Sweden It is the fund's policy that under normal circumstances it will invest at least 80% of its net assets in below investment grade bonds.

SCYB tracks the ICE BofA US Cash Pay High Yield Constrained Index.

No, SCYB 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, SCYB 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 SCYB is 0.0003%. This is the percent change in the value of SCYB over the most recent 1-month period. The 3-month return on SCYB is %. This is the percent change in the value of SCYB over the most recent 3-month period.

ETFs similar to SCYB include IGSB, VCIT, and VCSH.

ETFs correlated to SCYB include UJB, HYDW, and HYDB.

ETFs that are inversely correlated to SCYB include SJB, PST, and TBX.

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.