Fixed Income: U.S. - Corporate, Broad-based High Yield

NUHY Top Performer Intra-day
Price $24.80
Today’s Change 0.06%
4:00pm 09/27/2021
KDFI Bottom Performer Intra-day
Price $21.57
Today’s Change -0.32%
4:00pm 09/27/2021

ETF.com Insight

With 29 ETFs and over $58.65B in combined AUM, the Fixed Income: U.S. - Corporate, Broad-based 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 VanEck Fallen Angel High Yield Bond ETF (ANGL), with a total return of 6.70%. Meanwhile, the most popular ETF is the iShares iBoxx USD High Yield Corporate Bond ETF (HYG) with $19.47BB 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. HYLB tracks an index of USD-denominated high-yield corporate bonds with 1 to 15 years remaining to maturity. HYLB has an expense ratio of 0.15% 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, Broad-based High Yield segment is 80 out of 100, with the JPMorgan High Yield Research Enhanced ETF(JPHY) obtaining the highest rating of 90 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 SPDR Portfolio High Yield Bond ETF (SPHY) having the lowest expense ratio, charging investors 0.10% yearly.

Investors should look for funds with tight tracking, such as the Nuveen ESG High Yield Corporate Bond ETF (NUHY), with a 12-month median tracking difference of -0.06%.

Tracking Difference (12 Month)

ETF.com Tradability Insight

The average tradability score in the Fixed Income: U.S. - Corporate, Broad-based High Yield segment is 76 out of 100, with the SPDR Bloomberg Barclays High Yield Bond ETF(JNK) obtaining the highest rating of 100 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 1.54B in daily average volume. Investors should also find ample liquidity in the SPDR Bloomberg Barclays High Yield Bond ETF (JNK), with $667.24M in daily dollar volume.

Use limit orders to trade funds such as the KFA Dynamic Fixed Income ETF(KDFI), due to their double-digit market spreads.

ETF.com/ Block Liquidity

JNK
5
4
3
2
1
HYLB
5
4
3
2
1
HYG
5
4
3
2
1
USHY
5
4
3
2
1
ANGL
5
4
3
2
1
FALN
5
4
3
2
1
SPHY
5
4
3
2
1
PTBD
5
4
3
2
1
JPHY
5
4
3
2
1
HYDB
5
4
3
2
1
WFHY
5
4
3
2
1
HYXF
5
4
3
2
1
HYGV
5
4
3
2
1
HYLD
5
4
3
2
1
GHYB
5
4
3
2
1
HYZD
5
4
3
2
1
HYGH
5
4
3
2
1
HYHG
5
4
3
2
1
HYDW
5
4
3
2
1
NUHY
5
4
3
2
1
HYLV
5
4
3
2
1
HYUP
5
4
3
2
1
HYBB
5
4
3
2
1
KDFI
5
4
3
2
1
HYTR
5
4
3
2
1
BKHY
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 Bloomberg US 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 . 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, follows a strategy and obtains a low Fit score compared with our neutral benchmark.

Index Methodology