|Day Lo||-||Day Hi||-|
This ETF offers exposure to junk bonds from developed markets outside the U.S., an asset class that has the potential to deliver significant returns but that is often underweighted or excluded entirely from investor portfolios. Because many broad-based bond ETFs focus on dollar-denominated investment grade debt, junk bonds often get little allocation in long-term portfolios. Moreover, the ETFs in the High Yield Bonds ETFdb Category focus primarily on junk bonds of U.S.-based issuers. As a result, HYXI offers a way to add securities that may bring both return enhancement and diversification benefits to a bond portfolio. HYXU could be used as a long term holding with a moderate weighting, or more as a tactical tool when junk bond yields are appealing. It should be noted that HYXU focuses on developed markets outside the U.S., and may have a heavy tilt towards issuers in Canada and Western Europe (with little allocation afforded to developed Asian economies). Within those regions, however, the portfolio is well balanced across country and industry. HYXU is more expensive than ETFs focusing exclusively on U.S. debt, but still very affordable given the type of exposure offered through the underlying portfolio.
The adjacent table gives investors an individual Realtime Rating for HYXU on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the High Yield Bonds with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.View the Category Report
The following tables and charts contain in-depth metrics for this ETF and compare it to similar peer ETFs within its ETFdb Category.
|Cash And Equivalents||2.14%|
|Agency Mortgage Backed||0.0%|
|Commercial Mortgage Backed||0.0%|
|Non Agency Residential Mortgage Backed||0.0%|
|US Municipal Tax Advantaged||0.0%|
|0% to 1%||3.3%|
|1% to 2%||1.94%|
|2% to 3%||9.58%|
|3% to 4%||16.38%|
|4% to 5%||16.35%|
|5% to 6%||15.29%|
|6% to 7%||19.37%|
|7% to 8%||8.18%|
|8% to 9%||3.09%|
|9% to 10%||2.18%|
|Greater Than 10%||0.28%|
|Less Than 1 Year||0.0%|
This ETF is not currently available for commission free trading on any platforms.
There are 18 other ETFs in the High Yield Bonds ETFdb Category that are also eligible for commission free trading:
This section shows how this ETF has performed relative to its peer group ETFdb Category.
The following charts can be customized to display historical performance in a number of different formats, including line charts, bar charts, and candlesticks. Time periods can be adjusted to increase or decrease the period shown, ranging from five minutes to several months.
The following chart also includes the option to compare the performance of HYXU relative to other ETFs and benchmarks or to include indicators such as Bollinger Bands, relative strength, and moving averages.
This section shows how the volatility of this ETF compares to the peer group ETFdb Category.
2014 Morningstar, Inc. All Rights Reserved. The information contained herein: ( 1 ) is proprietary to Morningstar and/or its content providers; ( 2 ) may not be copied or distributed; and ( 3 ) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.