BondBloxx USD High Yield Bond Financial & REIT Sector ETF
Top 10 Holdings
What is XHYF?
The BondBloxx USD High Yield Bond Financial & REIT Sector ETF seeks to track the investment results of an index composed of U.S. dollar denominated, high yield corporate bonds in the financial and REIT sector. The Fund is newly organized, non diversified and seeks to track the investment results of the ICE Diversified US Cash Pay High Yield Financial & REIT Index, which is a rules-based index consisting of U.S. dollar denominated below investment grade bonds that contains issuers from the financial sector, including the banking, financial services, and insurance sub sectors, and the REIT sector. The REIT sector is comprised solely of debt issued by real estate investment trusts.
ETFs related toXHYF
ETFs correlated to XHYF include HYG, JNK, HYLB
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.
Dynamic Stocks and Bonds
Create your own algorithmic trading strategy with XHYF using Composer
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.