Skip to Content
ETFs

Harbor Scientific Alpha High-Yield ETF

SIHY
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 13 2021
Expense Ratio
0.48%
Type
Global Bonds
Fund Owner
Harbor Funds
Volume (1m avg. daily)
$276,246
AUM
$109,178,246
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
Cash and Other Assets Less Liabilities
2.70%
n/a
LIVE NATION ENTERTAINMEN
1.50%
UNCRY5005622
UNICREDIT SPA
1.40%
HLT5080311
HILTON DOMESTIC OPERATIN
1.30%
NFE5033084
NEW FORTRESS ENERGY INC
1.30%
NUXB
Rakuten Group Inc. - 10.25% NT REDEEM 30/11/2024 USD 200000 - 144A
1.30%
RCL5463204
ROYAL CARIBBEAN CRUISES
1.20%
TPX5148408
TEMPUR SEALY INTL INC
1.20%
USAC4609644
USACmpr Ptr Fin 6.875 % Notes 2019-01.04.26 Gtd Global
1.20%
FICO4921194
FAIR ISAAC CORP
1.20%
Invest with SIHY

What is SIHY?

Under normal market conditions, the Fund invests at least 80%of its net assets, plus borrowings for investment purposes, in a portfolio of below investment-grade corporate bonds, commonly referred to as high yield or junk bonds, or unrated securitiesthat BlueCove Limited (the Subadviser ) considers to be of an equivalent credit quality, which may be represented by derivative instruments, including futures and swaps. The Sub adviser determines whether a bond is rated below investment grade using a composite rating calculated by assigning a numerical value to those ratings of Moody s, S&P and Fitch which are available for the bond and averaging those amounts to determine the rating. The Fund invests primarily in U.S. dollar denominated securities, including those of foreign issuers. Derivative instruments in which the Fund may invest include credit-default swaps and U.S. Treasury futures. The Fund may also invest in exchange-traded funds to manage aggregate portfolio exposures.

ETFs related toSIHY

ETFs correlated to SIHY include HYDB, HYBB, HYG

SIHY
Harbor ETF Trust - Harbor Scientific Alpha High-Yield ETF
HYDB
BlackRock Institutional Trust Company N.A. - iShares High Yield Bond Factor ETF
HYBB
iShares Trust - iShares BB Rated 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
SHYG
BlackRock Institutional Trust Company N.A. - iShares 0-5 Year High Yield Corporate Bond ETF
HYLB
DBX ETF Trust - Xtrackers USD High Yield Corporate Bond ETF
HYS
Pimco Exchange Traded Fund - PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund

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.

Automated Strategies
Related toSIHY

#SD

Smarter Dividends

Category

Composer's Picks, Investing for the Long-Term

Risk Rating

Moderate

#RB

Rotating Bonds

Category

Getting Defensive, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with SIHY using Composer

FAQ

SIHY is a Global Bonds ETF. Under normal market conditions, the Fund invests at least 80%of its net assets, plus borrowings for investment purposes, in a portfolio of below investment-grade corporate bonds, commonly referred to as high yield or junk bonds, or unrated securitiesthat BlueCove Limited (the Subadviser ) considers to be of an equivalent credit quality, which may be represented by derivative instruments, including futures and swaps. The Sub adviser determines whether a bond is rated below investment grade using a composite rating calculated by assigning a numerical value to those ratings of Moody s, S&P and Fitch which are available for the bond and averaging those amounts to determine the rating. The Fund invests primarily in U.S. dollar denominated securities, including those of foreign issuers. Derivative instruments in which the Fund may invest include credit-default swaps and U.S. Treasury futures. The Fund may also invest in exchange-traded funds to manage aggregate portfolio exposures.

Yes, SIHY 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, SIHY 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 SIHY is 0.0038%. This is the percent change in the value of SIHY over the most recent 1-month period. The 3-month return on SIHY is 0.0193%. This is the percent change in the value of SIHY over the most recent 3-month period.

The standard deviation of SIHY for the past year is 0.093%. 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 SIHY include IGSB, SPIB, and VCIT.

ETFs correlated to SIHY include HYDB, HYBB, and HYG.

ETFs that are inversely correlated to SIHY 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.