This ETF is one of several that offers exposure to junk bonds, an asset class that may have appeal for investors looking to enhance current returns through the assumption of additional credit risk. Because junk bonds are excluded fron broad-based total bond market funds such as AGG or BND, this ETF may be a useful tool for those looking to construct a well-rounded fixed income portfolio for the long run; PHB can also be useful for those looking to beef up current yields from the bond portion of their holdings. PHB is unique from other more popular junk bond funds such as HYG or JNK due to the nature of the underlying index. Instead of giving the biggest weightings to the biggest debtors, the related benchmark analyzes fundamental factors to determine the allocations to each security. As a result, PHB will generally offer exposure to higher quality issuers, and as such may maintain a lower expected return than JNK or HYG. Think of this ETF as a step between LQD and JNK along the risk/return spectrum. Upon closer analysis, many investors will likely find that the methodology underlying this ETF is much more sound than the majority of bond ETFs, making PHB a potentially attractive option for high yielding fixed income exposure.
The adjacent table gives investors an individual Realtime Rating for PHB 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 Report
The following tables and charts contain in-depth metrics for this ETF and compare it to similar peer ETFs within its ETFdb.com Category.
This section compares how balanced and deep this ETF is relative to the peer group ETFdb.com Category.
|Corporate Senior Note||91.04%|
|Corporate Senior Subordinated Note||2.87%|
|0% to 1%||0.0%|
|1% to 2%||0.0%|
|2% to 3%||1.63%|
|3% to 4%||6.49%|
|4% to 5%||28.84%|
|5% to 6%||36.63%|
|6% to 7%||18.75%|
|7% to 8%||5.21%|
|8% to 9%||2.22%|
|9% to 10%||0.24%|
|Greater Than 10%||0.0%|
|Less Than 1 Year||2.16%|
This section compares the cost efficiency of this ETF to peers in the same ETFdb.com Category.
This ETF is currently available for commission free trading on the following platforms: (Charles Schwab)
There are 3 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 PHB relative to other ETFs and benchmarks or to include indicators such as Bollinger Bands, relative strength, and moving averages.
This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.