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.
The 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 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 ReportMetric | Metric Realtime Rating | A+ Metric Rated ETF |
---|---|---|
Liquidity | B- | n/a |
Expenses | A- | n/a |
Performance | ||
Volatility | ||
Dividend | ||
Concentration |
The following tables and charts contain in-depth metrics for this ETF and compare it to similar peer ETFs within its ETFdb.com Category.
Asset | Percentage |
---|---|
Corporate debt | 99.33% |
ETF Cash Component | 0.67% |
Bond Sector | Percentage |
---|---|
Corporate | 99.33% |
ETF Cash Component | 0.67% |
Bond Sector | Percentage |
---|---|
Corporate Senior Note | 72.12% |
Corporate Note | 20.31% |
Corporate Senior Subordinated Note | 3.1% |
Corporate Subordinated Note | 1.15% |
Corporate Bond | 1.06% |
Corporate Junior Subordinated Note | 0.32% |
Corporate Unsecured Note | 0.21% |
Corporate Junior Subordinated Debenture | 0.12% |
Corporate Secured Bond | 0.02% |
Corporate Senior Debenture | 0.02% |
Other | 1.56% |
Coupon Range | Percentage |
---|---|
0% to 1% | 0.1% |
1% to 2% | 2.38% |
2% to 3% | 4.51% |
3% to 4% | 8.67% |
4% to 5% | 16.55% |
5% to 6% | 32.35% |
6% to 7% | 16.91% |
7% to 8% | 8.87% |
8% to 9% | 4.46% |
9% to 10% | 2.7% |
Greater Than 10% | 1.83% |
ETF Cash Component | 0.67% |
Credit | Percentage |
---|---|
AAA | 0.0% |
AA | 0.0% |
A | 0.0% |
BBB | 0.01% |
BB | 50.28% |
B | 36.76% |
Below B | 11.53% |
Not Rated | 0.0% |
ETF Cash Component | 0.67% |
In Default | 0.48% |
Rating Unknown | 0.26% |
Maturity | Percentage |
---|---|
Less Than 1 Year | 0.04% |
1-3 Years | 14.08% |
3-5 Years | 28.47% |
5-7 Years | 32.56% |
7-10 Years | 20.52% |
10-15 Years | 2.07% |
15-20 Years | 0.0% |
20-30 Years | 0.18% |
30+ Years | 1.42% |
ETF Cash Component | 0.67% |
This section compares the cost efficiency of this ETF to peers in the same ETFdb.com Category.
This ETF is not currently available for commission free trading on any platforms.
There are 24 other ETFs in the High Yield Bonds ETFdb.com Category that are also eligible for commission free trading:
This section shows how this ETF has performed relative to its peer group ETFdb.com Category.
This section compares the fund flows of this ETF to peers in the same ETFdb.com 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 GHYG relative to other ETFs and benchmarks or to include indicators such as Bollinger Bands, relative strength, and moving averages.
This section shows how the P/E multiple of this ETF compares to the peer group ETFdb.com Category.
This section shows how the dividend yield of this ETF compares to the peer group ETFdb.com Category.
This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.
Fact sheets are issued by the ETF provider and framed by ETFdb.com. Information contained within the fact sheet is not guaranteed to be timely or accurate.