HYLD
High Yield ETF

Price: $32.07
Change: $0.05 (-0.0%)
Category: High Yield Bonds
Last Updated:

Vitals

Brand Eve Capital
Structure ETF
Expense Ratio 1.29%
ETF Home Page Home page
Inception Nov 30, 2010
Index Tracked ACTIVE - No Index

Analyst Report

This actively managed ETF targets junk bonds seeking to provide investors with high levels of current income while looking to mitigate downside risks as much as possible. The fund managers look to do this by focusing on the secondary market of bonds while at the same time avoiding recently issued notes that were released at the height of the bubble in 2006-2008. The company also shuns a ‘cap weighted’ approach which they believe gives higher weightings to the companies that are most in debt, leaving a portfolio dangerously overrepresented in subpar bonds. So far, the fund has outperformed all others in the ETFdb Category by a wide margin while paying a much higher yield as well. Thanks to this outperformance, investors should consider HYLD as a go to choice for exposure in the junk bond space, so long as they can stomach the relatively high expense ratio. The fund could be especially beneficial for those looking for a boost to current incomes far above comparable Treasury bond levels and other products, an important factor in today’s low yield environment.

ETF Database Themes

Category High Yield Bonds
Asset Class Bond
Region (General) Developed Markets
Region (Specific) Broad
Bond Type(s) Junk
Bond Duration All-Term

FactSet Classifications

  • Segment Fixed Income: U.S. - Corporate, Broad-based High Yield
  • Category Corporate, Broad-based
  • Focus High Yield
  • Niche Broad Maturities
  • Strategy Active
  • Weighting Scheme Proprietary

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $28.34
  • 52 Week Hi $32.31
  • AUM $132.4 M
  • Shares 4.1 M

Historical Trading Data

  • 1 Month Avg. Volume 15,935
  • 3 Month Avg. Volume 16,874

Alternative ETFs in the ETF Database High Yield Bonds Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest SPHY 0.10% $540.0 M 163,117 4.68%
Largest (AUM) HYG 0.48% $19.9 B 21 M 3.04%
Most Liquid (Volume) HYG 0.48% $19.9 B 21 M 3.04%
Top YTD Performer YLD 0.39% $233.4 M 7,523 8.01%

Alternative ETFs in the FactSet Fixed Income: U.S. - Corporate, Broad-based High Yield Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest SPHY 0.10% $540.0 M 163,117 4.68%
Largest (AUM) HYG 0.48% $19.9 B 21 M 3.04%
Most Liquid (Volume) HYG 0.48% $19.9 B 21 M 3.04%
Top YTD Performer ANGL 0.35% $5.2 B 1 M 5.66%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

HYLD ETF Database Category Average FactSet Segment Average
Number of Holdings 188 436 607
% of Assets in Top 10 31.85% 27.61% 18.42%
% of Assets in Top 15 36.16% 31.11% 20.89%
% of Assets in Top 50 58.31% 49.18% 34.30%

Size Comparison

HYLD 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

HYLD Valuation

This section compares the P/E ratio of this ETF to its peers.

HYLD
P/E Ratio
3.90
ETF Database Category Average
P/E Ratio
5.53
FactSet Segment Average
P/E Ratio
8.41

HYLD Dividend

This section compares the dividend yield of this ETF to its peers.

HYLD ETF Database Category Average FactSet Segment Average
Dividend $ 0.17 $ 0.14 $ 0.16
Dividend Date 2021-09-27 N/A N/A
Annual Dividend Rate $ 2.21 $ 1.61 $ 1.92
Annual Dividend Yield 6.89% 4.27% 4.15%

HYLD Price and Volume Chart

HYLD Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: 0 1 Month Net Flows: 0 3 Month Net Flows: 1.62 M 6 Month Net Flows: 9.71 M 1 Year Net Flows: 23.67 M 3 Year Net Flows: -29.77 M 5 Year Net Flows: -60.48 M 10 Year Net Flows: 267.5 M

HYLD Price vs Flows AUM Influence

View charts that break down the influence that fund flows and price had on overall assets.

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for HYLD 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.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity B+ n/a
Expenses C n/a
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

HYLD Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

HYLD
Expense Ratio
1.29%
ETF Database Category Average
Expense Ratio
0.48%
FactSet Segment Average
Expense Ratio
0.42%

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions Ordinary income
Distributes K1 No
ESG Themes and Scores

HYLD does not have an ESG score. There are no ESG themes that map to this ETF.

HYLD Performance

This section shows how this ETF has performed relative to its peers.

HYLD ETF Database
Category Average
Factset Segment
Average
1 Month Return -0.06% -0.40% -0.57%
3 Month Return 0.51% 0.42% 0.40%
YTD Return 5.66% 3.06% 3.09%
1 Year Return 11.55% 7.24% 7.49%
3 Year Return 9.94% 12.81% 13.22%
5 Year Return 30.71% 12.60% 11.78%

Geographic Exposure

The following charts reflect the geographic spread of HYLD's underlying holdings.

Holdings Analysis

The following charts reflect the allocation of HYLD's underlying holdings.

Asset Percentage
Corporate 61.19%
Other 17.11%
Closed-ended Fund 6.48%
Open-ended Fund 6.05%
Bank Loan 6.0%
Preferred 1.76%
Share/Common/Ordinary 1.11%
Exchange Traded Fund (ETF-ETF) 0.35%
CASH 0.0%
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 61.19%
Other 17.11%
Closed-ended Fund 6.48%
Open-ended Fund 6.05%
Bank Loan 6.0%
Preferred 1.76%
Share/Common/Ordinary 1.11%
Exchange Traded Fund (ETF-ETF) 0.35%
CASH 0.0%

HYLD Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETF Database Category.

5 Day Volatility
157.51%
Rank
1 of 67

20 Day Volatility
3.02%
Rank
37 of 67

50 Day Volatility
2.71%
Rank
36 of 67

200 Day Volatility
2.85%
Rank
28 of 66

Beta
0.54
Rank
4 of 66

Standard Deviation
0.95%
Rank
20 of 64

Technicals

  • 20 Day MA $32.04
  • 60 Day MA $32.03
  • MACD 15 Period 0.04
  • MACD 100 Period 0.09
  • Williams % Range 10 Day 44.65
  • Williams % Range 20 Day 38.70
  • RSI 10 Day 52
  • RSI 20 Day 52
  • RSI 30 Day 52
  • Ultimate Oscillator 45

Bollinger Bands

  • Lower Bollinger (10 Day) $31.95
  • Upper Bollinger (10 Day) $32.15
  • Lower Bollinger (20 Day) $31.95
  • Upper Bollinger (20 Day) $32.14
  • Lower Bollinger (30 Day) $31.93
  • Upper Bollinger (30 Day) $32.24

Support & Resistance

  • Support Level 1 $31.98
  • Support Level 2 $31.89
  • Resistance Level 1 $32.18
  • Resistance Level 2 $32.28

Stochastic

  • Stochastic Oscillator %D (1 Day) 42.00
  • Stochastic Oscillator %D (5 Day) 57.38
  • Stochastic Oscillator %K (1 Day) 44.78
  • Stochastic Oscillator %K (5 Day) 56.75

Financial Advisor Report

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 Sheet

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.

Data Lineage

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Analyst Report Authors

ETF Database analysts have a combined 50 years in the ETF and Financial markets, covering every asset class and investment style. The team monitors new filings, new launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios.

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Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at https://www.msci.com/esg-fund-metrics.
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