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ETFs

Amplify High Income ETF

YYY
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 12, 2012
Expense Ratio
2.72%
Type
Global Closed End Funds
Fund Owner
Amplify Investments
Volume (1m avg. daily)
$1,554,589
AUM
$372,010,835
Associated Index
ISE High Income Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes

Top 10 Holdings

ECC
EAGLE POINT CREDIT COMPANY INC COM
3.85%
OXLC
OXFORD LANE CAP CORP COM
3.73%
PDI
PIMCO DYNAMIC INCOME FD SHS
3.33%
VVR
INVESCO SR INCOME TR COM
3.20%
PDO
PIMCO DYNAMIC INCOME OPRNTS FD COM BEN SHS
3.13%
PTY
PIMCO CORPORATE & INCOME OPPOR COM
3.10%
PAXS
PIMCO ACCESS INCOME FUND SHS BENFIN INT
3.10%
BGB
BLACKSTONE STRATEGIC CRED 2027 COM SHS BEN IN
3.02%
JFR
NUVEEN FLOATING RATE INCOME FD COM
3.01%
WDI
WESTERN ASSET DIVERSIFIED INCM COM SHS BEN INT
2.93%
Invest with YYY

What is YYY?

YYY is a portfolio of 30 closed-end funds (CEFs) based on a rules based index. The ISE High Income Index selects CEFs ranked highest overall by ISE in the following factors: Yield, Discount to Net Asset Value (NAV), and Liquidity. This investment approach results in a portfolio which contains a variety of asset classes, investment strategies and asset managers.

ETFs related toYYY

ETFs correlated to YYY include PCEF, PFXF, BKMC

YYY
Amplify ETF Trust - Amplify High Income ETF
PCEF
Invesco Capital Management LLC - Invesco CEF Income Composite ETF
PFXF
VanEck ETF Trust - VanEck Preferred Securities ex Financials ETF
BKMC
BNY Mellon ETF Trust - BNY Mellon US Mid Cap Core Equity ETF
AVGE
American Century ETF Trust - Avantis All Equity Markets ETF
PFF
BlackRock Institutional Trust Company N.A. - iShares Trust iShares Preferred and Income Securities ETF
CWB
SPDR Series Trust - SPDR Bloomberg Convertible Securities ETF
IWR
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap ETF
IMCB
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap ETF
BBMC
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Mid Cap Equity ETF
AOA
BlackRock Institutional Trust Company N.A. - iShares Core Aggressive Allocation 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.

News Related to YYY

Amplify Changes Yield ETF To A Senior Loan Fund

Aug 31, 2017 • by Benzinga
Read

Yieldshares CEO Christian Magoon On Investing In Closed End Funds Through An ETF

Jun 3, 2015 • by Benzinga
Read

Yieldshares High Income ETF, Christian Magoon, Benzinga, ETF, ISE High Income Index, SEC

May 29, 2015 • by Benzinga
Read

FAQ

YYY is a Global Closed End Funds ETF. YYY is a portfolio of 30 closed-end funds (CEFs) based on a rules based index. The ISE High Income Index selects CEFs ranked highest overall by ISE in the following factors: Yield, Discount to Net Asset Value (NAV), and Liquidity. This investment approach results in a portfolio which contains a variety of asset classes, investment strategies and asset managers.

YYY tracks the ISE High Income Index.

No, YYY 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, YYY 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 YYY is -0.0113%. This is the percent change in the value of YYY over the most recent 1-month period. The 3-month return on YYY is 0.0039%. This is the percent change in the value of YYY over the most recent 3-month period.

The standard deviation of YYY for the past year is 0.1235%. 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 YYY include PGF, PGX, and PSK.

ETFs correlated to YYY include PCEF, PFXF, and BKMC.

ETFs that are inversely correlated to YYY include SJB, SRTY, and TZA.

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.