Xtrackers USD High Yield Corporate Bond ETF (HYLB)
HYLB: High-Yield Corporate Bond ETF, Unfavorable Comps, Weak Fundamentals
HYLB is a simple, cheap high-yield corporate bond ETF. It compares unfavorably to its high-yield peers, with a slightly below-average 6.5% yield, consistent underperformance. Although these disadvantages are small, there are fewer advantages. On net, the fund compares unfavorably to peers.
HYLB: Credit Spreads May Have Prematurely Normalized
Xtrackers USD High Yld Corporate Bd ETF offers efficient high-yield exposure at a 0.05% expense ratio, outperforming peers on cost. HYLB's 2.8-year duration and BB/B credit focus provide moderate duration risk, but credit spreads capable of driving price changes have already normalized to pre-war levels. Geopolitical risks, continued confusion in communication, and USD headwinds limit the appeal of HYLB whether the war ends on these talks or not.
Flow Traders U.S. LLC Purchases New Shares in Xtrackers USD High Yield Corporate Bond ETF $HYLB
Flow Traders U.S. LLC acquired a new position in Xtrackers USD High Yield Corporate Bond ETF (NYSEARCA:HYLB) in the undefined quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 16,084 shares of the company's stock, valued at approximately $594,000. A number of
Not All High Yield ETFs Are Created Equal: A Framework To Evaluate High Yield ETFs
Headline yields in high-yield bond ETFs can be misleading; CCC-rated bond exposure is the key driver of credit risk and potential return drag. Chasing the highest yield often backfires—risk-adjusted returns, not just headline yields, provide a clearer picture of long-term performance. Active ETFs typically have lower CCC exposure and higher risk-adjusted returns than passive ETFs, despite slightly higher expense ratios.
HYLB: Not Among The Best Junk Bond ETFs
HYLB offers broad junk bond exposure with a 6%+ yield and a very low expense ratio. Despite slightly outperforming HYG, HYLB's share price and distributions have declined, especially after adjusting for inflation. For high-yield bond exposure, I prefer HYDB for better risk-adjusted returns or a fallen angels ETF for total return.
HYLB: Spreads Are Rising But The Market Is Still Too Optimistic
HYLB tracks the Solactive USD High Yield Corporates Total Market Index, reflecting U.S. high-yield corporate bonds. It is well-diversified with 1,200 holdings, mainly BB-rated, but exposed to economic shifts and higher default risks due to meaningful cyclical sector exposure. Current market conditions are discouraging when it comes to junk bond exposure.
The High-Yield Bond ETF HYLB Outshines Main Street Capital At 80% Premium
MAIN Street Capital's Q3 2024 results show a 10.8% gross assets yield and an 18.4% ROE, though the latter is debated due to variable gains. MAIN's future ROE may decline due to higher refinancing costs and lower floating-rate debt income, making its current premium to NAV questionable. Leveraged high-yield bond ETFs like HYLB and HYG offer comparable returns with lower risk and fees, challenging MAIN's attractiveness at an 80% premium.
HYLB: A Cheap Fee Doesn't Make This Asset Class More Attractive
Xtrackers USD High Yield Corporate Bond ETF is a broad market fund in high-yield bonds with a 6% yield. HYLB's portfolio is diversified across sectors, with a focus on consumer discretionary and communication services. Since its inception, HYLB has marginally outperformed its competitors HYG and JNK, and has a lower fee.
HYLB: Good, Cheap High-Yield Bond ETF, But Better Choices Out There
HYLB is one of the cheapest high-yield bond ETFs in the market, with a 0.05% expense ratio. It offers investors an average 5.9% yield, and average total returns. HYLB seems strictly inferior to SPHY, with several disadvantages, but no clear edge.
High Yield Looks More Attractive, but Investors Should Stay Cautious
The bond market is continuing to rally through the first month of 2023, reinvigorating investor confidence in even the riskiest of debt like high yield bonds. While that market is attractive, investors should still proceed with caution.
Consider HYLB While Junk Bonds Yield Over 8%
While it's been a challenging year for fixed income, falling prices have pushed yields on so-called junk bonds to an average 8.4%, according to the ICE BofA US High Yield Index. That's nearly twice the average yield of 4.35% that high yield bond funds offered at the end of 2021.
Should You Choose High Yield ETFs Over CEFs? HYLB - A Case Study
The Xtrackers USD High Yield Corporate Bond ETF is a U.S. high yield exchange traded fund. The ETF has a total return performance chart that closely mirrors the one exhibited by the more popular ETF JNK.
Investors Flock to HYLB as HYG and JNK See Outflows
After seeing significant outflows beginning in late 2021, fortune has reversed for the $3.4 billion Xtrackers USD High Yield Corporate Bond ETF (HYLB). HYLB has taken in $51 million in flows in the past week despite the increasing fear among investors of a painful looming recession.
This High Yield Low Vol ETF Has Taken in Over $500 Million YTD
As investors look for income while avoiding exposure to high volatility, one fund in DWS' lineup of ETFs is continuing to rake in assets.
High Yield Bond ETFs Return to Favor as Expected
To celebrate the 20th anniversary of the first bond ETFs, investors flocked to the asset class, pouring in $28 billion in July, double the amount that flowed into equity ETFs during a strong month for the U.S. stock market. Demand was widespread, with 46 products gathering at least $100 million last month.
Xtrackers by DWS Offers Risk-Controlled Exposure to High-Yield Corporate Bonds With HYRM
Xtrackers by DWS has launched an ETF providing dynamic risk-controlled exposure to U.S. dollar high-yield corporate bonds. The Xtrackers Risk Managed USD High Yield Strategy ETF (NYSE Arca: HYRM) tracks the Adaptive Wealth Strategies Risk Managed High Yield Index, which uses a daily algorithm to dynamically adjust exposure between bonds and cash equivalent investments.
Junk bond ETFs on track to best month since 2015
High-yield ETFs are winning over more investors after the Federal Reserve expanded its bond-buying program to includes some recently downgraded high-yield debt and the ETFs that track them.Junk bond E
2,655,700 Shares in X-trackers USD High Yield Corporate Bond ETF (NYSEARCA:HYLB) Purchased by American Family Insurance Mutual Holding Co
American Family Insurance Mutual Holding Co acquired a new position in shares of X-trackers USD High Yield Corporate Bond ETF (NYSEARCA:HYLB) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,655,700 shares of the company’s stock, valued at approximately $133,768,000. X-trackers USD High Yield Corporate […]
Retirement Network Invests $40,000 in X-trackers USD High Yield Corporate Bond ETF (NYSEARCA:HYLB)
Retirement Network purchased a new position in shares of X-trackers USD High Yield Corporate Bond ETF (NYSEARCA:HYLB) during the fourth quarter, HoldingsChannel reports. The firm purchased 799 shares of the company’s stock, valued at approximately $40,000. Several other large investors have also modified their holdings of the company. AdvisorNet Financial Inc raised its holdings in […]
1,638 Shares in X-trackers USD High Yield Corporate Bond ETF (NYSEARCA:HYLB) Acquired by Prime Capital Investment Advisors LLC
Prime Capital Investment Advisors LLC purchased a new position in shares of X-trackers USD High Yield Corporate Bond ETF (NYSEARCA:HYLB) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,638 shares of the company’s stock, valued at approximately $83,000. A number […]