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ETFs

Xtrackers Short Duration High Yield Bond ETF

SHYL
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 10 2018
Expense Ratio
0.20%
Type
Global Bonds
Fund Owner
DWS
Volume (1m avg. daily)
$427,159
AUM
$79,153,351
Associated Index
Solactive USD High Yield Corporates Total Market 0-5 Year Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
Transdigm Inc 6.25 % Notes 2019-15.03.26 Secd -144A-
1.07%
DISH5500551
Dish Network Corp 11.750 11/15/2027
0.80%
CHTR4445834
CCO Holdings LLC 5.125 05/01/2027
0.79%
CCL5129977
Carnival Corp 5.75 03/01/2027
0.72%
TFAB
Teva Pharma Fin 3.15 % Notes 2016-01.10.26 Gtd Global
0.69%
AAL5007014
AMERICAN AIRLINES INC
0.68%
ERI5004410
Caesars Holdings Inc 6.25 07/01/2025
0.64%
UNIT5536194
UNITI GROUP/CSL CAPITAL
0.59%
TDG27
TransDigm Inc. - 5.50% NT REDEEM 15/11/2027 USD
0.58%
WDCD
Western Digital 4.75 % Notes 2018-15.02.26 Gtd Global
0.56%
Invest with SHYL

What is SHYL?

Xtrackers Short Duration High Yield Bond ETF seeks investment results that correspond generally to the performance, before fees and expenses, of the Solactive USD High Yield Corporates Total Market 0-5 Year Index.

ETFs related toSHYL

ETFs correlated to SHYL include JNK, HYG, HYLB

SHYL
DBX ETF Trust - Xtrackers Short Duration High Yield Bond ETF
JNK
SPDR Series Trust - SPDR Bloomberg High Yield Bond ETF
HYG
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD High Yield Corporate Bond ETF
HYLB
DBX ETF Trust - Xtrackers USD High Yield Corporate Bond ETF
SHYG
BlackRock Institutional Trust Company N.A. - iShares 0-5 Year High Yield Corporate Bond ETF
WFHY
WisdomTree Trust - WisdomTree U.S. High Yield Corporate Bond Fund
HYDB
BlackRock Institutional Trust Company N.A. - iShares High Yield Bond Factor ETF
SJNK
SPDR Series Trust - SPDR Bloomberg Short Term High Yield Bond 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
FDHY
Fidelity Covington Trust - Fidelity High Yield Factor 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 toSHYL

#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 SHYL using Composer

FAQ

SHYL is a Global Bonds ETF. Xtrackers Short Duration High Yield Bond ETF seeks investment results that correspond generally to the performance, before fees and expenses, of the Solactive USD High Yield Corporates Total Market 0-5 Year Index.

SHYL tracks the Solactive USD High Yield Corporates Total Market 0-5 Year Index.

No, SHYL 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, SHYL 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 SHYL is 0.0066%. This is the percent change in the value of SHYL over the most recent 1-month period. The 3-month return on SHYL is 0.0126%. This is the percent change in the value of SHYL over the most recent 3-month period.

The standard deviation of SHYL for the past year is 0.092%. 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 SHYL include IGIB, SPIB, and LQD.

ETFs correlated to SHYL include JNK, HYG, and HYLB.

ETFs that are inversely correlated to SHYL include SJB, HIBS, and SPXS.

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.