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ETFs

iShares Broad USD High Yield Corporate Bond ETF

USHY
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 25 2017
Expense Ratio
0.15%
Type
US Bonds
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$196,666,813
AUM
$9,132,100,010
Associated Index
ICE BofA US High Yield Constrained Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

XTSLA
BLK CSH FND TREASURY SL AGENCY
0.88%
n/a
Transdigm Inc 6.25 % Notes 2019-15.03.26 Secd -144A-
0.37%
MZDM5272642
MOZART DEBT MERGER SUB INC 144A
0.33%
DISH5500551
DISH NETWORK CORP 144A
0.31%
SLH5479266
PICARD MIDCO INC 144A
0.31%
CLSR5567746
CLOUD SOFTWARE GROUP INC 144A
0.30%
ERI5004410
CAESARS ENTERTAINMENT INC 144A
0.28%
T5226549
DIRECTV FINANCING LLC 144A
0.28%
CCL5129977
CARNIVAL CORP 144A
0.26%
AAL5147590
AADVANTAGE LOYALTY IP LTD 144A
0.26%
Invest with USHY

What is USHY?

The iShares Broad USD High Yield Corporate Bond ETF seeks to track the investment results of an index composed of U.S. dollar-denominated, high yield corporate bonds. The Fund seeks to track the investment results of the ICE BofA U.S. High Yield Constrained Index (the Underlying Index ), which is a rules- based index consisting of U.S. dollar- denominated, high yield (as defined by Merrill Lynch, Pierce, Fenner & Smith Incorporated (the Index Provider or BofA Merrill Lynch )) corporate bonds for sale in the U.S. The Underlying Index is designed to provide a broad representation of the U.S. dollar- denominated high yield corporate bond market.

ETFs related toUSHY

ETFs correlated to USHY include JNK, HYLB, HYG

USHY
BlackRock Institutional Trust Company N.A. - iShares Broad USD High Yield Corporate Bond ETF
JNK
SPDR Series Trust - SPDR Bloomberg 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
SHYG
BlackRock Institutional Trust Company N.A. - iShares 0-5 Year High Yield Corporate Bond ETF
HYGV
FlexShares Trust - FlexShares High Yield Value Scored Bond Index ETF
UJB
ProShares Trust - ProShares Ultra High Yield 2x Shares
BBHY
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders USD High Yield Corporate Bond ETF
SJNK
SPDR Series Trust - SPDR Bloomberg Short Term High Yield Bond ETF
HYDB
BlackRock Institutional Trust Company N.A. - iShares High Yield Bond Factor ETF
HYBB
iShares Trust - iShares BB Rated Corporate 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 USHY using Composer

FAQ

USHY is a US Bonds ETF. The iShares Broad USD High Yield Corporate Bond ETF seeks to track the investment results of an index composed of U.S. dollar-denominated, high yield corporate bonds. The Fund seeks to track the investment results of the ICE BofA U.S. High Yield Constrained Index (the Underlying Index ), which is a rules- based index consisting of U.S. dollar- denominated, high yield (as defined by Merrill Lynch, Pierce, Fenner & Smith Incorporated (the Index Provider or BofA Merrill Lynch )) corporate bonds for sale in the U.S. The Underlying Index is designed to provide a broad representation of the U.S. dollar- denominated high yield corporate bond market.

USHY tracks the ICE BofA US High Yield Constrained Index.

No, USHY is not actively managed. It is passively 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.

Yes, USHY is passively 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 USHY is 0.0014%. This is the percent change in the value of USHY over the most recent 1-month period. The 3-month return on USHY is 0.0135%. This is the percent change in the value of USHY over the most recent 3-month period.

The standard deviation of USHY for the past year is 0.0955%. 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 USHY include IGSB, SPIB, and VCIT.

ETFs correlated to USHY include JNK, HYLB, and HYG.

ETFs that are inversely correlated to USHY 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.