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ETFs

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

HYLS
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Feb 26 2013
Expense Ratio
1.27%
Type
Global Bonds
Fund Owner
First Trust
Volume (1m avg. daily)
$6,856,795
AUM
$1,472,604,078
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

HKMS4623743
HUB INTERNATIONAL LTD 7% due 05/01/2026
3.11%
n/a
Ss & C Technologies 5.5 % Notes 2019-30.09.27 Gtd -144A-
2.68%
n/a
Nexstar Escrow 5.625 % Notes 2019-15.07.27 -144A-
2.45%
ALIN4893768
ALLIANT HOLD / CO-ISSUER 6.75% due 10/15/2027
2.44%
AWNS5221851
AMWINS GROUP INC 4.875% due 06/30/2029
2.23%
ASUE5090910
ASSUREDPARTNERS INC 5.625% due 01/15/2029
2.13%
VRSD4666292
VERSCEND ESCROW CORP 9.75% due 08/15/2026
2.07%
n/a
VERSCEND HOLDING CORP VCVHHO TL B 1L USD - LX192759
1.87%
PTV5022679
GRAHAM PACKAGING/GPC CAP 7.125% due 08/15/2028
1.83%
BCUL5047257
1011778 BC / NEW RED FIN 4% due 10/15/2030
1.77%
Invest with HYLS

What is HYLS?

The First Trust Tactical High Yield ETF is an actively managed exchange-traded fund. The fund's primary investment objective is to provide current income. The fund's secondary investment objective is to provide capital appreciation. Under normal market conditions, the fund invests at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in high yield debt securities that are rated below investment grade at the time of purchase or unrated securities deemed by the fund's advisor to be of comparable quality.

ETFs related toHYLS

ETFs correlated to HYLS include HYDW, HYLB, HYG

HYLS
First Trust Exchange-Traded Fund III - First Trust Tactical High Yield ETF
HYDW
DBX ETF Trust - Xtrackers Low Beta High Yield Bond ETF
HYLB
DBX ETF Trust - Xtrackers USD High Yield Corporate Bond ETF
HYG
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD High Yield Corporate Bond ETF
UJB
ProShares Trust - ProShares Ultra High Yield 2x Shares
JNK
SPDR Series Trust - SPDR Bloomberg High Yield Bond ETF
BBHY
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders USD High Yield Corporate Bond ETF
USHY
BlackRock Institutional Trust Company N.A. - iShares Broad USD High Yield Corporate Bond ETF
HYBB
iShares Trust - iShares BB Rated Corporate Bond ETF
PHB
Invesco Capital Management LLC - Invesco Fundamental High Yield Corporate Bond ETF
SPHY
SPDR Series Trust - SPDR Portfolio High Yield Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

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Create your own algorithmic trading strategy with HYLS using Composer

FAQ

HYLS is a Global Bonds ETF. The First Trust Tactical High Yield ETF is an actively managed exchange-traded fund. The fund's primary investment objective is to provide current income. The fund's secondary investment objective is to provide capital appreciation. Under normal market conditions, the fund invests at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in high yield debt securities that are rated below investment grade at the time of purchase or unrated securities deemed by the fund's advisor to be of comparable quality.

Yes, HYLS is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, HYLS is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on HYLS is -0.0004%. This is the percent change in the value of HYLS over the most recent 1-month period. The 3-month return on HYLS is 0.0161%. This is the percent change in the value of HYLS over the most recent 3-month period.

The standard deviation of HYLS for the past year is 0.0874%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to HYLS include GVI, BLV, and BSV.

ETFs correlated to HYLS include HYDW, HYLB, and HYG.

ETFs that are inversely correlated to HYLS include SJB, HIBS, and SPXU.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.