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ETFs

Harbor Scientific Alpha High-Yield ETF

SIHY
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 13 2021
Expense Ratio
0.48%
Type
Global Bonds
Fund Owner
Harbor Funds
Volume (1m avg. daily)
$1,380,400
AUM
$139,242,414
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
Cash and Other Assets Less Liabilities
3.50%
RCL5463204
ROYAL CARIBBEAN CRUISES SR UNSECURED 144A 08/27 11.625
1.40%
HLT5080311
HILTON DOMESTIC OPERATIN COMPANY GUAR 144A 05/31 4
1.30%
UNCRY5005622
UNICREDIT SPA SUBORDINATED 144A 06/35 VAR
1.30%
COTY5168599
COTY INC SR SECURED 144A 04/26 5
1.20%
LW5284210
LAMB WESTON HLD COMPANY GUAR 144A 01/30 4.125
1.20%
LYV4987775
LIVE NATION ENTERTAINMEN SR SECURED 144A 05/27 6.5
1.20%
JAZZ5172102
JAZZ SECURITIES DAC SR SECURED 144A 01/29 4.375
1.20%
NFE5033084
NEW FORTRESS ENERGY INC SR SECURED 144A 09/25 6.75
1.20%
DTE5192447
DT MIDSTREAM INC COMPANY GUAR 144A 06/29 4.125
1.10%
Invest with SIHY

What is SIHY?

Under normal market conditions, the Fund invests at least 80%of its net assets, plus borrowings for investment purposes, in a portfolio of below investment-grade corporate bonds, commonly referred to as high yield or junk bonds, or unrated securitiesthat BlueCove Limited (the Subadviser ) considers to be of an equivalent credit quality, which may be represented by derivative instruments, including futures and swaps. The Sub adviser determines whether a bond is rated below investment grade using a composite rating calculated by assigning a numerical value to those ratings of Moody s, S&P and Fitch which are available for the bond and averaging those amounts to determine the rating. The Fund invests primarily in U.S. dollar denominated securities, including those of foreign issuers. Derivative instruments in which the Fund may invest include credit-default swaps and U.S. Treasury futures. The Fund may also invest in exchange-traded funds to manage aggregate portfolio exposures.

ETFs related toSIHY

ETFs correlated to SIHY include UJB, BKHY, HYGV

SIHY
Harbor ETF Trust - Harbor Scientific Alpha High-Yield ETF
UJB
ProShares Trust - ProShares Ultra High Yield 2x Shares
BKHY
BNY Mellon ETF Trust - BNY Mellon High Yield Beta ETF
HYGV
FlexShares Trust - FlexShares High Yield Value Scored Bond Index ETF
HYG
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD High Yield Corporate Bond ETF
JNK
SPDR Series Trust - SPDR Bloomberg High Yield Bond ETF
BBHY
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders USD High Yield Corporate Bond ETF
USHY
BlackRock Institutional Trust Company N.A. - iShares Broad USD High Yield Corporate Bond ETF
SHYG
BlackRock Institutional Trust Company N.A. - iShares 0-5 Year High Yield Corporate Bond ETF
HYLB
DBX ETF Trust - Xtrackers USD High Yield Corporate Bond ETF
WFHY
WisdomTree Trust - WisdomTree U.S. High Yield Corporate Bond Fund

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 toSIHY

#INC

Dynamic Income

Category

Composer's Picks

Risk Rating

Moderate

#DYNAM

Dynamic Stocks and Bonds

Category

Getting Defensive

Risk Rating

Moderate

Create your own algorithmic trading strategy with SIHY using Composer

FAQ

SIHY is a Global Bonds ETF. Under normal market conditions, the Fund invests at least 80%of its net assets, plus borrowings for investment purposes, in a portfolio of below investment-grade corporate bonds, commonly referred to as high yield or junk bonds, or unrated securitiesthat BlueCove Limited (the Subadviser ) considers to be of an equivalent credit quality, which may be represented by derivative instruments, including futures and swaps. The Sub adviser determines whether a bond is rated below investment grade using a composite rating calculated by assigning a numerical value to those ratings of Moody s, S&P and Fitch which are available for the bond and averaging those amounts to determine the rating. The Fund invests primarily in U.S. dollar denominated securities, including those of foreign issuers. Derivative instruments in which the Fund may invest include credit-default swaps and U.S. Treasury futures. The Fund may also invest in exchange-traded funds to manage aggregate portfolio exposures.

Yes, SIHY 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, SIHY 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 SIHY is 0.0131%. This is the percent change in the value of SIHY over the most recent 1-month period. The 3-month return on SIHY is 0.0341%. This is the percent change in the value of SIHY over the most recent 3-month period.

The standard deviation of SIHY for the past year is 0.117%. 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 SIHY include USIG, IGIB, and LQD.

ETFs correlated to SIHY include UJB, BKHY, and HYGV.

ETFs that are inversely correlated to SIHY include SJB, HIBS, and SRTY.

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.