This ETF offers exposure to the global high yield bond market, making GHYG one of many options available to investors looking to gain access to junk bonds. GHYG could be a component of a long-term, buy-and-hold portfolio, especially since many broad-based bond ETFs focus only on the investment grade segment of the market. This ETF could also be a useful tactical tool for beefing up current returns or increasing the risk exposure within a fixed income portfolio.
Junk bonds have potential to deliver substantial returns, though they are subject to significant volatility in certain environments. For investors with the tolerance for such risk, GHYG offers a way to tap into an asset class that has tremendous potential but is often overlooked or underweighted in portfolios.
Most of the ETFs in the High Yield Bonds ETFdb Category focus exclusively on debt of U.S. issuers; by contrast, GHYG includes international securities as well. It should be noted, however, that there is a huge tilt towards the U.S., with U.S. issuers accounting for the majority of exposure. Moreover, the international component is dominated by Canada and Western Europe, with little or no weight afforded to emerging markets or developed Asian economies. For those looking to access junk bonds elsewhere in the world, EMHY and HYXU might be useful tools for ex-U.S. exposure.
| Segment | Fixed Income: Developed Markets - Corporate, Broad-based High Yield |
| Category | Corporate, Broad-based |
| Focus | High Yield |
| Niche | Broad Maturities |
| Strategy | Vanilla |
| Weighting Scheme | Market Value |
This section compares how balanced and deep this ETF is relative to its peers.
| GHYG | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Number of Holdings | 1553 | 403 | 1242 |
| % of Assets in Top 10 | 3.43% | 24.16% | 4.18% |
| % of Assets in Top 15 | 4.54% | 28.39% | 5.59% |
| % of Assets in Top 50 | 10.50% | 47.81% | 13.38% |
| GHYG | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Large (>12.9B) | N/A | N/A | N/A |
| Mid (>2.7B) | N/A | N/A | N/A |
| Small (>600M) | N/A | N/A | N/A |
| Micro (<600M) | N/A | N/A | N/A |
This section compares the P/E ratio of this ETF to its peers.
This section compares the dividend yield of this ETF to its peers.
| GHYG | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Dividend | $ 0.21 | $ 0.18 | $ 0.16 |
| Dividend Date | 2023-05-01 | N/A | N/A |
| Annual Dividend Rate | $ 2.06 | $ 1.95 | $ 1.63 |
| Annual Dividend Yield | 4.93% | 5.80% | 5.81% |
View charts featuring GHYG price and volume data.
View charts featuring ETF fund flow data.
5 Day Net Flows: 0 1 Month Net Flows: 0 3 Month Net Flows: 8.31 M 6 Month Net Flows: 55.47 M 1 Year Net Flows: 51.39 M 3 Year Net Flows: 20.78 M 5 Year Net Flows: -36.48 M 10 Year Net Flows: 130.43 MView charts that break down the influence that fund flows and price had on overall assets.
5 Day Net AUM Change: -354.6 KThe adjacent table gives investors an individual Realtime Rating for GHYG 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 ETF Database 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 ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.
This section compares the cost efficiency of this ETF to its peers.
| Max ST Capital Gains Rate | 39.60% |
| Max LT Capital Gains Rate | 20.00% |
| Tax On Distributions | Ordinary income |
| Distributes K1 | No |
This section shows how this ETF has performed relative to its peers. Returns over 1 year are annualized.
| GHYG |
ETF Database
Category Average |
Factset Segment
Average |
|
|---|---|---|---|
| 1 Month Return | -1.47% | -1.02% | -1.30% |
| 3 Month Return | 0.65% | 0.18% | 0.67% |
| YTD Return | 2.73% | 2.27% | 2.76% |
| 1 Year Return | 1.57% | 1.55% | 2.02% |
| 3 Year Return | 1.99% | 1.79% | 2.76% |
| 5 Year Return | 1.50% | 0.97% | 1.15% |
The following charts reflect the geographic spread of GHYG's underlying holdings.
The following charts reflect the allocation of GHYG's underlying holdings.
| Asset | Percentage |
|---|---|
| Corporate | 98.57% |
| CASH | 1.07% |
| Preferred | 0.44% |
| Bank Loan | 0.04% |
| Other | 0.03% |
| Bond Sector | Percentage |
|---|
| Maturity | Percentage |
|---|---|
| Less Than 1 Year | 0.0% |
| 1-3 Years | 0.0% |
| 3-5 Years | 0.0% |
| 5-7 Years | 0.0% |
| 7-10 Years | 0.0% |
| 10-15 Years | 0.0% |
| 15-20 Years | 0.0% |
| 20-30 Years | 0.0% |
| 30+ Years | 0.0% |
| Asset | Percentage |
|---|---|
| Corporate | 98.57% |
| CASH | 1.07% |
| Preferred | 0.44% |
| Bank Loan | 0.04% |
| Other | 0.03% |
This section shows how the volatility of this ETF compares to the peer group ETF Database Category.
| 5 Day Volatility | 96.13% |
| 20 Day Volatility | 6.59% |
| 50 Day Volatility | 7.90% |
| 200 Day Volatility | 9.21% |
| Beta | 0.49 |
| Standard Deviation | 1.39% |
ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.
Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.
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