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.
| 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 |
This section compares how balanced and deep this ETF is relative to its peers.
| HYS | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Number of Holdings | 584 | 406 | 404 |
| % of Assets in Top 10 | 15.21% | 24.08% | 15.06% |
| % of Assets in Top 15 | 17.99% | 28.07% | 19.94% |
| % of Assets in Top 50 | 33.66% | 47.11% | 43.67% |
| 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 |
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.
| 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 | $ 1.34 | $ 1.82 |
| Annual Dividend Yield | 4.36% | 3.49% | 4.00% |
View charts featuring HYS price and volume data.
View charts featuring ETF fund flow data.
5 Day Net Flows: -44.97 M 1 Month Net Flows: 67.59 M 3 Month Net Flows: 138.01 M 6 Month Net Flows: -185.05 M 1 Year Net Flows: -619.49 M 3 Year Net Flows: -119.02 M 5 Year Net Flows: -339.77 M 10 Year Net Flows: 1.12 BView charts that break down the influence that fund flows and price had on overall assets.
5 Day Net AUM Change: -52.99 MThe 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.
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.
| HYS |
ETF Database
Category Average |
Factset Segment
Average |
|
|---|---|---|---|
| 1 Month Return | -2.79% | -3.58% | -2.09% |
| 3 Month Return | 0.29% | -0.86% | 0.40% |
| YTD Return | -8.54% | -10.03% | -7.51% |
| 1 Year Return | -8.22% | -9.94% | -6.04% |
| 3 Year Return | -0.35% | -1.38% | 0.29% |
| 5 Year Return | 8.68% | 2.21% | 5.51% |
The following charts reflect the geographic spread of HYS's underlying holdings.
The following charts reflect the allocation of HYS's underlying holdings.
| Asset | Percentage |
|---|---|
| Corporate | 89.75% |
| CASH | 6.37% |
| Sovereign | 2.61% |
| Other | 0.7% |
| Share/Common/Ordinary | 0.28% |
| Bank Loan | 0.23% |
| Preferred | 0.08% |
| 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 | 89.75% |
| CASH | 6.37% |
| Sovereign | 2.61% |
| Other | 0.7% |
| Share/Common/Ordinary | 0.28% |
| Bank Loan | 0.23% |
| Preferred | 0.08% |
This section shows how the volatility of this ETF compares to the peer group ETF Database Category.
| 5 Day Volatility | 65.38% |
| 20 Day Volatility | 10.37% |
| 50 Day Volatility | 10.33% |
| 200 Day Volatility | 11.74% |
| Beta | 0.36 |
| Standard Deviation | 2.60% |
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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