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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)
$26,875
AUM
$22,327,834
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
Cash/Cash equivalent
3.97%
n/a
LSF9 ATL HLDG/VICTRA FIN SR SECURED 144A 02/26 7.75
1.67%
AAL5147600
AMERICAN AIRLINES/AADVAN SR SECURED 144A 04/29 5.75
1.55%
CCL5129977
CARNIVAL CORP COMPANY GUAR 144A 03/27 5.75
1.44%
F/30A
Ford Motor Credit Company LLC - 4% NT REDEEM 13/11/2030 USD 200000
1.40%
n/a
EG Glb Fin 6.75 % Notes 201-07.02.25 Secd -144A-
1.40%
LB28
Bath & Body Works Inc - 5.25% NT REDEEM 01/02/2028 USD 2000
1.28%
DOIN5265686
DORNOCH DEBT MERGER SUB SR UNSECURED 144A 10/29 6.625
1.28%
BRSP5167198
BROADSTREET PARTNERS INC SR UNSECURED 144A 04/29 5.875
1.26%
n/a
WHITE CAP PARENT LLC SR UNSECURED 144A 03/26 8.25
1.26%
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.

ETFs related toTHYF

ETFs correlated to THYF include HYGV, JNK, HYG

THYF
T. Rowe Price ExchangeTraded Funds Inc - T. Rowe Price U.S. High Yield ETF
HYGV
FlexShares Trust - FlexShares High Yield Value Scored Bond Index 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
USHY
BlackRock Institutional Trust Company N.A. - iShares Broad USD High Yield Corporate Bond ETF
HYLB
DBX ETF Trust - Xtrackers USD High Yield Corporate Bond ETF
GHYB
Goldman Sachs ETF Trust - Goldman Sachs Access High Yield Corporate Bond ETF
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
SHYG
BlackRock Institutional Trust Company N.A. - iShares 0-5 Year High Yield Corporate Bond ETF
HYS
Pimco Exchange Traded Fund - PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded 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 toTHYF

#SD

Smarter Dividends

Category

Composer's Picks, Investing for the Long-Term

Risk Rating

Moderate

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with THYF using Composer

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 -0.0125%. This is the percent change in the value of THYF over the most recent 1-month period. The 3-month return on THYF is 0.0084%. This is the percent change in the value of THYF over the most recent 3-month period.

ETFs similar to THYF include MINT, BIV, and BLV.

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

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

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.