HYS
PIMCO 0-5 Year High Yield Corporate Bond Index ETF

Price: $91.86
Change: $0.23 (0.0%)
Category: High Yield Bonds
Last Updated:

Vitals

Issuer Allianz Investment Management LLC
Brand PIMCO
Structure ETF
Expense Ratio 0.55%
ETF Home Page Home page
Inception Jun 16, 2011
Index Tracked ICE BofA US High Yield Constrained (0-5 Y)

Analyst Report

This ETF is one of several products that offers exposure to junk bonds, an asset class that has historically exhibited equity like returns with relatively low volatility. Because most broad-based bond ETFs focus only on the investment grade side of the market, funds such as HYS can be useful for rounding out the fixed income side of a long-term portfolio. This ETF could also be appealing to those looking to establish a shorter-term tactical tilt towards high yield debt.


Unlike other products in the High Yield Bonds ETFdb Category such as JNK or HYG, this ETF focuses on short-term debt. That focus may be appealing for investors concerned about rising interest rates; the lower the effective duration, the lower the impact of rate changes on the value of the related fixed income securities. The elimination of some interest rate risk may translate into a reduction of yields as well; HYS may exhibit return metrics that are lower than other more broadly-based funds. For investors looking to beef up current returns but concerned about the impact of rising rates, this ETF might be a useeful tool for fine tuning fixed income exposure.


This ETF is among the more expensive choices for high yield debt exposure, though the deltas in expense ratios are relatively small throughout this ETFdb Category. Investors seeking to fine tune exposure and capture a yield experience more similar to an individual bond may like the BulletShares products from Guggenheim, while those who would prefer to achieve junk bond exposure through an experienced manager might like HYLD.

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 Short-Term
Category Corporate, Broad-based
Focus High Yield
Niche Short-Term
Strategy Vanilla
Weighting Scheme Market Value

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $84.22
  • 52 Week Hi $93.48
  • AUM $1,370.3 M
  • Shares 15.0 M

Historical Trading Data

  • 1 Month Avg. Volume 377,109
  • 3 Month Avg. Volume 393,694

Alternative ETFs in the ETF Database High Yield Bonds Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest SPHY 0.10% $892.6 M 367,586 3.80%
Largest (AUM) HYG 0.48% $18.6 B 36 M 3.75%
Most Liquid (Volume) HYG 0.48% $18.6 B 36 M 3.75%
Top YTD Performer JOJO 1.22% $5.0 M 2,095 6.00%

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

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest SHYL 0.20% $67.7 M 11,319 3.02%
Largest (AUM) SHYG 0.30% $6.3 B 3 M 2.69%
Most Liquid (Volume) SJNK 0.40% $3.9 B 5 M 3.14%
Top YTD Performer SJNK 0.40% $3.9 B 5 M 3.14%

Top 15 Holdings

Concentration Analysis

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

Holdings Comparison

HYS ETF Database Category Average FactSet Segment Average
Number of Holdings 578 411 414
% of Assets in Top 10 13.60% 23.11% 18.44%
% of Assets in Top 15 16.49% 27.08% 23.43%
% of Assets in Top 50 32.51% 46.79% 47.50%

Size Comparison

HYS 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

HYS Valuation

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

HYS
P/E Ratio
N/A
ETF Database Category Average
P/E Ratio
4.73
FactSet Segment Average
P/E Ratio
N/A

HYS Dividend

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

HYS ETF Database Category Average FactSet Segment Average
Dividend $ 0.26 $ 0.12 $ 0.12
Dividend Date 2021-11-01 N/A N/A
Annual Dividend Rate $ 4.32 $ 1.33 $ 1.82
Annual Dividend Yield 4.36% 3.42% 4.00%

HYS Price and Volume Charts

View charts featuring HYS price and volume data.

HYS Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: -36.6 M 1 Month Net Flows: -98.95 M 3 Month Net Flows: -89.73 M 6 Month Net Flows: 180.85 M 1 Year Net Flows: -398.43 M 3 Year Net Flows: -305.49 M 5 Year Net Flows: -291.32 M 10 Year Net Flows: 713.42 M

HYS Price vs Flows AUM Influence Charts

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

5 Day Net AUM Change: -38.25 M
1 Month Net AUM Change: -82.45 M
3 Month Net AUM Change: -39.72 M
6 Month Net AUM Change: 197.51 M
1 Year Net AUM Change: -451.56 M
3 Year Net AUM Change: -344.15 M
5 Year Net AUM Change: -386.9 M
10 Year Net AUM Change: 439.07 M

Realtime Rating

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

Sign Up for Pro to Unlock Data Sign Up
Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A- JNK
Expenses C+ SHYG
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

HYS Expenses & Fees

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

Expenses Ratio Analysis

HYS
Expense Ratio
0.55%
ETF Database Category Average
Expense Ratio
0.45%
FactSet Segment Average
Expense Ratio
0.40%

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
5.83/10
ESG Score
32.8%
Global Percentile
34.99%
Peer Percentile
Environmental
Social
Governance
  • Environmental Scores
    • Revenue Exposure to Environmental Impact (%)
      Higher is better, no ESG score impact
    • Severe Environment Controversies (%)
      Lower improves ESG score
    • Sustainable Impact Solutions (%)
      1.01%
      Higher is better, no ESG score impact
    Carbon Intensity
    • Weighted Average Carbon Intensity (Tons of CO2e / $M Sales)
      311.37
      Higher is worse, no ESG score impact
    Fossil Fuel Reserves
    • Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • High Impact Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    Water Stress
    • Water Stress High Risk Business Segment (%)
      Lower improves ESG score
    • Water Stress High Risk Geography (%)
      Lower improves ESG score
    • Water Stress Exposure Moderate (%)
      Lower improves ESG score
    • Water Stress Exposure High (%)
      Lower improves ESG score
    • Water Stress Exposure Low (%)
      Higher improves ESG score
    Energy Efficiency
    • Revenue Exposure to Energy Efficiency (%)
      Higher is better, no ESG score impact
    Alternative Energy
    • Revenue Exposure to Alternative Energy (%)
      Higher is better, no ESG score impact
    Green Building
    • Revenue Exposure to Green Building (%)
      Higher is better, no ESG score impact
    Pollution Prevention
    • Revenue Exposure to Pollution Prevention (%)
      Higher is better, no ESG score impact
    Water Sustainability
    • Revenue Exposure to Water Sustainability (%)
      Higher is better, no ESG score impact
  • Social Scores
    • Revenue Exposure to Social Impact (%)
      Higher is better, no ESG score impact
    • Sustainable Impact Solutions (%)
      1.01%
      Higher is better, no ESG score impact
    • SRI Exclusion Criteria (%)
      7.21%
      Higher is worse, no ESG score impact
    Affordable Real Estate
    • Revenue Exposure to Affordable Real Estate (%)
      Higher is better, no ESG score impact
    Education
    • Revenue Exposure to Education (%)
      Higher is better, no ESG score impact
    Major Disease Treatment
    • Revenue Exposure to Major Disease Treatment (%)
      Higher is better, no ESG score impact
    Healthy Nutrition
    • Revenue Exposure to Nutrition (%)
      Higher is better, no ESG score impact
    Global Sanitation
    • Revenue Exposure to Sanitation (%)
      Higher is better, no ESG score impact
    SME Finance
    • Revenue Exposure to SME Finance (%)
      Higher is better, no ESG score impact
    Human Rights Violations
    • Human Rights Norms Violation (%)
      Higher is worse, no ESG score impact
    • Human Rights Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Human Rights Controversies (%)
      Lower improves ESG score
    Labor Rights Violations
    • Labor Norms Violation (%)
      Higher is worse, no ESG score impact
    • Labor Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Labor Controversies (%)
      Lower improves ESG score
    Customer Controversies
    • Severe Customer Controversies (%)
      Lower improves ESG score
    UN Principles Violations
    • Global Compact Compliance Violation (%)
      Higher is worse, no ESG score impact
    • Global Compact Compliance Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    Catholic Values
    • Catholic Values Fail (%)
      Higher is worse, no ESG score impact
    Sharia Compliant Investing
    • Islamic Non-Compliant (%)
      Higher is worse, no ESG score impact
    Adult Entertainment
    • Adult Entertainment Involvement (%)
      Higher is worse, no ESG score impact
    Alcohol
    • Alcohol Involvement (%)
      Higher is worse, no ESG score impact
    Gambling
    • Gambling Involvement (%)
      Higher is worse, no ESG score impact
    Nuclear Power
    • Nuclear Power Involvement (%)
      Higher is worse, no ESG score impact
    Tobacco
    • Tobacco Involvement (%)
      Higher is worse, no ESG score impact
    Weapons Involvement
    • Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Controversies Weapons Involvement (%)
      Higher is worse, no ESG score impact
    Firearms
    • Civilian Firearms Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Retailer (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Producer (%)
      Higher is worse, no ESG score impact
    Predatory Lending
    • Direct Predatory Lending Involvement (%)
      Higher is worse, no ESG score impact
    GMO Involvement
    • Genetic Engineering Involvement (%)
      Higher is worse, no ESG score impact
  • Responsible Governance Score
    • Severe Governance Controversies (%)
      Lower improves ESG score
    Board Flag
    • Board Flag (%)
      Lower improves ESG score
    Board Independence
    • Lack of Independent Board Majority (%)
      Lower improves ESG score
    • Board Independence (0-25%) (%)
      Lower improves ESG score
    • Board Independence (25-50%) (%)
      Lower improves ESG score
    • Board Independence (50-75%) (%)
      Higher improves ESG score
    • Board Independence (75-100%) (%)
      Higher improves ESG score
    Board Diversity
    • No Female Directors (%)
      Lower improves ESG score
    • Three OR More Female Directors (%)
      Higher improves ESG score
    • Females Represent 30% of Directors (%)
      Higher improves ESG score
    Entrenched Board
    • Entrenched Board (%)
      Lower improves ESG score
    Overboarding
    • Overboarding (%)
      Lower improves ESG score
    Shareholder Rights
    • Negative Director Votes (%)
      Lower improves ESG score
    • Ownership AND Control Flag (%)
      Lower improves ESG score
    • One Share One Vote (%)
      Lower improves ESG score
    • No Annual Director Elections (%)
      Lower improves ESG score
    • Does Not Use Majority Voting (%)
      Lower improves ESG score
    • Significant Votes Against Pay Practices (%)
      Lower improves ESG score
    Fund Ownership
    • Controlling Shareholder (%)
      Lower improves ESG score
    • Controlling Shareholder Concerns (%)
      Lower improves ESG score
    • Cross Shareholdings (%)
      Lower improves ESG score
    Poison Pill
    • Poison Pill (%)
      Lower improves ESG score
    Executive Compensation
    • Pay Flag (%)
      Lower improves ESG score
    • No Pay Performance Link (%)
      Lower improves ESG score
    • Lack of Internal Pay Equity (%)
      Lower improves ESG score
    • Executive Pay Non-Disclosure (%)
      Lower improves ESG score
    Accounting Flags
    • Accounting Flag (%)
      Lower improves ESG score

HYS Performance

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

HYS ETF Database
Category Average 		Factset Segment
Average
1 Month Return 2.23% 2.54% 1.66%
3 Month Return 4.37% 5.79% 3.77%
YTD Return 2.91% 3.36% 2.18%
1 Year Return -1.02% -3.65% -1.62%
3 Year Return 4.99% 1.30% 3.54%
5 Year Return 14.04% 5.41% 10.54%

Geographic Exposure

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

Holdings Analysis

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

Asset Percentage
Corporate 90.34%
CASH 5.24%
Sovereign 3.4%
Other 0.61%
Share/Common/Ordinary 0.23%
Bank Loan 0.11%
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%
 
View Less Charts
 
Asset Percentage
Corporate 90.34%
CASH 5.24%
Sovereign 3.4%
Other 0.61%
Share/Common/Ordinary 0.23%
Bank Loan 0.11%
 
View More Charts
 

HYS Technicals

Volatility Analysis

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

5 Day Volatility 71.24%
20 Day Volatility 8.11%
50 Day Volatility 8.38%
200 Day Volatility 10.22%
Beta 0.36
Standard Deviation 1.99%
 
View Detailed Analysis
 
5 Day Volatility
71.24%
Rank
29 of 83
Low
BSJU (7.73%)
High
HYXU (106.25%)
20 Day Volatility
8.11%
Rank
49 of 83
Low
FLRT (2.82%)
High
BSJU (12.58%)
50 Day Volatility
8.38%
Rank
50 of 83
Low
FLRT (2.33%)
High
JOJO (14.62%)
200 Day Volatility
10.22%
Rank
50 of 82
Low
FLRT (2.97%)
High
HYXU (17.76%)
Beta
0.36
Rank
36 of 66
Low
BSJS (-0.35)
High
JOJO (0.61)
Standard Deviation
1.99%
Rank
4 of 70
Low
IBHC (0.15%)
High
JNK (3.66%)

 
View Summary Analysis
 

Technicals

  • 20 Day MA $90.86
  • 60 Day MA $89.82
  • MACD 15 Period 0.46
  • MACD 100 Period 3.03
  • Williams % Range 10 Day 28.57
  • Williams % Range 20 Day 8.62
  • RSI 10 Day 67
  • RSI 20 Day 61
  • RSI 30 Day 59
  • Ultimate Oscillator 63

Bollinger Bands

  • Lower Bollinger (10 Day) $91.23
  • Upper Bollinger (10 Day) $91.98
  • Lower Bollinger (20 Day) $88.67
  • Upper Bollinger (20 Day) $92.93
  • Lower Bollinger (30 Day) $88.46
  • Upper Bollinger (30 Day) $92.52

Support & Resistance

  • Support Level 1 $91.59
  • Support Level 2 $91.33
  • Resistance Level 1 $92.02
  • Resistance Level 2 $92.18

Stochastic

  • Stochastic Oscillator %D (1 Day) 77.96
  • Stochastic Oscillator %D (5 Day) 72.99
  • Stochastic Oscillator %K (1 Day) 70.05
  • Stochastic Oscillator %K (5 Day) 63.41

Tradability

  • Tracking Difference Median (%) -0.26
  • Tracking Difference Max Upside (%) 0.42
  • Tracking Difference Max Downside (%) -1.30
  • Median Premium Discount (%) 0.04
  • Maximum Premium Discount (%) 1.06
  • Average Spread (%) 5.96
  • Average Spread ($) 5.96

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Fact Sheet

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Download the Fact Sheet PDF

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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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