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ETFs

T. Rowe Price U.S. High Yield ETF

THYF
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Oct 25, 2022
Expense Ratio
0.56%
Type
US Bonds
Fund Owner
T. Rowe Price
Volume (1m avg. daily)
$354,927
AUM
$37,597,500
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

—
Cash/Cash equivalent
3.51%
—
LSF9 ATL HLDG/VICTRA FIN SR SECURED 144A 02/26 7.75
2%
F/30A
Ford Motor Credit Company LLC - 4% NT REDEEM 13/11/2030 USD 200000
1.75%
—
EG Glb Fin 6.75 % Notes 201-07.02.25 Secd -144A-
1.69%
AAL5147600
AMERICAN AIRLINES/AADVAN SR SECURED 144A 04/29 5.75
1.59%
SABR5505878
SABRE GLBL INC SR SECURED 144A 12/27 11.25
1.52%
ERI5530615
CAESARS ENTERTAIN INC SR SECURED 144A 02/30 7
1.5%
CCL5284214
CARNIVAL CORP COMPANY GUAR 144A 05/29 6
1.44%
—
MILEAGE PLUS HOLDINGS LLC 2020 TERM LOAN B
1.33%
CHTR5179287
CCO HLDGS LLC/CAP CORP SR UNSECURED 05/32 4.5
1.31%
Invest with THYF

What is THYF?

The fund normally invests at least 80% of its net assets in U.S. high yield instruments (below investment grade). The fund focuses its investments on high yield corporate bonds but may also invest in other income producing instruments including bank loans, convertible securities, and preferred stocks. In selecting bonds, the portfolio manager utilizes a disciplined, fundamental, bottom-up credit selection process, combined with forward-looking research to identify a concentration of high conviction total return opportunities. The income provided by the bond and the bond's appreciation potential, as well as the issuer's ability to make coupon and principal payments are also evaluated.

1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade

THYF
Performance Measures**

for the time period Oct 26, 2022 to Nov 14, 2025

Returns

1M Trailing Return: 0.5%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 1.0%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -5.2%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 6.1%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 1.47

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 1.76

The annualized return divided by the max drawdown for the selected time period.

ETFs related toTHYF

ETFs correlated to THYF include JNK, HYGV, HYG

THYF
T. Rowe Price ExchangeTraded Funds Inc - T. Rowe Price U.S. High Yield ETF
JNK
SPDR Series Trust - SPDR Bloomberg High Yield Bond 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
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
BBHY
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders USD High Yield Corporate Bond ETF
UJB
ProShares Trust - ProShares Ultra High Yield 2x Shares
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
HYBB
iShares Trust - iShares BB Rated Corporate 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.

FAQ

THYF is a US Bonds ETF. The fund normally invests at least 80% of its net assets in U.S. high yield instruments (below investment grade). The fund focuses its investments on high yield corporate bonds but may also invest in other income producing instruments including bank loans, convertible securities, and preferred stocks. In selecting bonds, the portfolio manager utilizes a disciplined, fundamental, bottom-up credit selection process, combined with forward-looking research to identify a concentration of high conviction total return opportunities. The income provided by the bond and the bond's appreciation potential, as well as the issuer's ability to make coupon and principal payments are also evaluated.

Yes, THYF 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, THYF 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 THYF is 0.0003%. This is the percent change in the value of THYF over the most recent 1-month period. The 3-month return on THYF is 0.0134%. This is the percent change in the value of THYF over the most recent 3-month period.

ETFs similar to THYF include GVI, BLV, and BSV.

ETFs correlated to THYF include JNK, HYGV, and HYG.

ETFs that are inversely correlated to THYF include SJB, SPXU, and HIBS.

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.