Fixed Income: U.S. - Corporate High Yield

HYUP Top Performer Intra-day
Price $48.70
Today’s Change 0.68%
9:35am 07/12/2018
HYLD Bottom Performer Intra-day
Price $36.71
Today’s Change -0.44%
2:53pm 07/17/2018

ETF.com Insight

With 18 ETFs and over $29.74B in combined AUM, the Fixed Income: U.S. - Corporate High Yield segment provides exposure to the U.S. space with a focus on High Yield securities.

Year-to-date, the best-performing ETF in the segment is the Peritus High Yield ETF (HYLD), with a total return of 5.71%. Meanwhile, the most popular ETF is the iShares iBoxx USD High Yield Corporate Bond ETF (HYG) with $15.83BB in assets under management.

Investors should take a look at the Xtrackers USD High Yield Corporate Bond ETF (HYLB). This fund has been chosen as an Analyst Pick by FactSet, thus is the best ETF for the average investor. The Deutsche X-trackers USD High Yield Corporate Bond ETF tracks an index of USD-denominated high-yield corporate bonds with 1 to 15 years remaining to maturity. HYLB has an expense ratio of 0.20% and tracks the Solactive USD High Yield Corporates Total Market Index.

Performance Dispersion

ETF.com Efficiency Insight

The average efficiency score in the Fixed Income: U.S. - Corporate High Yield segment is 77 out of 100, with the iShares iBoxx USD High Yield Corporate Bond ETF(HYG) obtaining the highest rating of 87 out of 100.

Costs dominate the discussion around efficiency. ETFs in the segment have an average expense ratio of 0.42% per year, with the Xtrackers USD High Yield Corporate Bond ETF (HYLB) having the lowest expense ratio, charging investors 0.20% yearly.

Investors should look for funds with tight tracking, such as the iShares iBoxx USD High Yield Corporate Bond ETF (HYG), with a 12-month median tracking difference of -0.28%.

Tracking Difference (12 Month)

ETF.com Tradability Insight

The average tradability score in the Fixed Income: U.S. - Corporate High Yield segment is 69 out of 100, with the iShares iBoxx USD High Yield Corporate Bond ETF(HYG) obtaining the highest rating of 94 out of 100.

The iShares iBoxx USD High Yield Corporate Bond ETF (HYG) is the undisputed segment leader when it comes to liquidity. The fund trades 983.91M in daily average volume. Investors should also find ample liquidity in the SPDR Bloomberg Barclays High Yield Bond ETF (JNK), with $396.73M in daily dollar volume.

Use limit orders to trade funds such as the WisdomTree Fundamental U.S. High Yield Corporate Bond Fund(WFHY), due to their double-digit market spreads.

ETF.com/ Block Liquidity

HYG
5
4
3
2
1
HYGH
5
4
3
2
1
JNK
5
4
3
2
1
HYHG
5
4
3
2
1
HYLD
5
4
3
2
1
JPHY
5
4
3
2
1
FALN
5
4
3
2
1
HYXE
5
4
3
2
1
HYIH
5
4
3
2
1
ANGL
5
4
3
2
1
WFHY
5
4
3
2
1
HYDB
5
4
3
2
1
HYLB
5
4
3
2
1
HYLV
5
4
3
2
1
GHYB
5
4
3
2
1
USHY
5
4
3
2
1
HYUP
5
4
3
2
1
HYDW
5
4
3
2
1
This measurement shows how easy it is to trade 25,000 shares of each ETF.

ETF.com Fit Insight

The Barclays U.S. Corporate High Yield Index has been selected as the index that most accurately represents the market in question. The benchmark has been selected by the ETF Analytics team at FactSet, according to a series of guidelines to ensure this index accurately captures its market.

Investors trying to match a broad market exposure should pay attention to JNK. This fund obtains a high Fit score and investors should capture market-like returns.

Other funds diverge from the market, by nature of their investment mandates; for example, ANGL follows a Fundamental strategy and obtains a low Fit score compared with our neutral benchmark.

Index Methodology