This ETF offers exposure to junk bonds from developed markets outside the U.S., an asset class that has the potential to deliver significant returns but that is often underweighted or excluded entirely from investor portfolios. Because many broad-based bond ETFs focus on dollar-denominated investment grade debt, junk bonds often get little allocation in long-term portfolios. Moreover, the ETFs in the High Yield Bonds ETFdb Category focus primarily on junk bonds of U.S.-based issuers. As a result, HYXI offers a way to add securities that may bring both return enhancement and diversification benefits to a bond portfolio. HYXU could be used as a long term holding with a moderate weighting, or more as a tactical tool when junk bond yields are appealing.
It should be noted that HYXU focuses on developed markets outside the U.S., and may have a heavy tilt towards issuers in Canada and Western Europe (with little allocation afforded to developed Asian economies). Within those regions, however, the portfolio is well balanced across country and industry.
HYXU is more expensive than ETFs focusing exclusively on U.S. debt, but still very affordable given the type of exposure offered through the underlying portfolio.
| Segment | Fixed Income: Developed Markets Ex-U.S. - 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.
| HYXU | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Number of Holdings | 422 | 413 | 422 |
| % of Assets in Top 10 | 7.54% | 23.42% | 7.54% |
| % of Assets in Top 15 | 9.78% | 27.49% | 9.78% |
| % of Assets in Top 50 | 23.88% | 47.03% | 23.88% |
| HYXU | 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.
| HYXU | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Dividend | $ 0.27 | $ 0.21 | $ 0.27 |
| Dividend Date | 2022-12-15 | N/A | N/A |
| Annual Dividend Rate | $ 0.27 | $ 2.02 | $ 0.27 |
| Annual Dividend Yield | 0.59% | 5.96% | 0.59% |
View charts featuring HYXU 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: -4.61 M 6 Month Net Flows: 13.71 M 1 Year Net Flows: 13.71 M 3 Year Net Flows: 13.17 M 5 Year Net Flows: -42.56 M 10 Year Net Flows: 51.46 MView charts that break down the influence that fund flows and price had on overall assets.
5 Day Net AUM Change: 325.27 KThe adjacent table gives investors an individual Realtime Rating for HYXU 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.
| HYXU |
ETF Database
Category Average |
Factset Segment
Average |
|
|---|---|---|---|
| 1 Month Return | -2.11% | 0.26% | -2.11% |
| 3 Month Return | 2.18% | 1.04% | 2.18% |
| YTD Return | 4.22% | 3.68% | 4.22% |
| 1 Year Return | 1.87% | 1.61% | 1.87% |
| 3 Year Return | -1.15% | 1.17% | -1.15% |
| 5 Year Return | -0.53% | 1.17% | -0.53% |
The following charts reflect the geographic spread of HYXU's underlying holdings.
The following charts reflect the allocation of HYXU's underlying holdings.
| Asset | Percentage |
|---|---|
| Corporate | 96.75% |
| Other | 1.6% |
| CASH | 1.3% |
| Preferred | 0.43% |
| Open-ended Fund | 0.02% |
| 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 | 96.75% |
| Other | 1.6% |
| CASH | 1.3% |
| Preferred | 0.43% |
| Open-ended Fund | 0.02% |
This section shows how the volatility of this ETF compares to the peer group ETF Database Category.
| 5 Day Volatility | 109.97% |
| 20 Day Volatility | 6.24% |
| 50 Day Volatility | 7.85% |
| 200 Day Volatility | 10.47% |
| Beta | 0.57 |
| Standard Deviation | 2.63% |
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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