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ETFs

WisdomTree U.S. High Yield Corporate Bond Fund

WFHY
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 27 2016
Expense Ratio
0.38%
Type
US Bonds
Fund Owner
Wisdom Tree
Volume (1m avg. daily)
$908,642
AUM
$223,129,875
Associated Index
WisdomTree Fundamental U.S. High Yield Corporate Bond Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
US Dollar
2.63%
DISH4411380
Dish DBS 7.75 % Notes 2016-01.07.26 Gtd Global
0.78%
NGL5117397
NGL Enrgy Op/Fin Corp 7.5% 2/1/2026
0.74%
WAMU4936497
Nationstar Mtg Hld Inc 6% 1/15/2027
0.72%
RIG5045766
Transocean Inc 11.5% 1/30/2027
0.65%
CTL5565344
Level 3 Financing Inc SR Secured 144A 05/30 10.5
0.63%
GEL28
Genesis Energy L.P. - 7.75% NT REDEEM 01/02/2028 USD 2000
0.63%
CYH5119888
CHS/Community Health Sys 4.75% 2/15/2031
0.61%
DISH5251796
Dish Dbs Corp 5.125% 6/1/2029
0.61%
POST5139680
Post Holdings Inc 4.5% 9/15/2031
0.60%
Invest with WFHY

What is WFHY?

WisdomTree Fundamental U.S. High Yield Corporate Bond Fund seeks to track the performance of select issuers in the U.S. non-investment grade corporate bond ( junk bond ) market that are deemed to exhibit favorable fundamentals and opportunities for income. WisdomTree Fundamental U.S. High Yield Corporate Bond Index is a rule-based alternatively weighted Index designed to capture the performance of selected issuers in the U.S. high yield corporate bond market that are deemed to have attractive fundamental and income characteristics. The Index employs a multi-step process, which screens on fundamentals to identify bonds with favorable characteristics and then tilts to those which offer attractive income characteristics. The Index is comprised of U.S. corporate bonds of public issuers domiciled in the United States. To be eligible for inclusion in the Index, debt securities must have fixed coupons with at least $500 million in par amount outstanding and a remaining maturity of at least one year. Component securities must be rated non-investment grade by at least one rating agency.

ETFs related toWFHY

ETFs correlated to WFHY include HYLB, JNK, UJB

WFHY
WisdomTree Trust - WisdomTree U.S. High Yield Corporate Bond Fund
HYLB
DBX ETF Trust - Xtrackers USD High Yield Corporate Bond ETF
JNK
SPDR Series Trust - SPDR Bloomberg High Yield Bond ETF
UJB
ProShares Trust - ProShares Ultra High Yield 2x Shares
HYG
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD High Yield Corporate Bond ETF
HYBB
iShares Trust - iShares BB Rated Corporate Bond ETF
USHY
BlackRock Institutional Trust Company N.A. - iShares Broad USD High Yield Corporate Bond ETF
BBHY
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders USD High Yield Corporate Bond ETF
HYDW
DBX ETF Trust - Xtrackers Low Beta High Yield Bond ETF
HYGV
FlexShares Trust - FlexShares High Yield Value Scored Bond Index ETF
HYDB
BlackRock Institutional Trust Company N.A. - iShares High Yield Bond Factor 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.

Automated Strategies
Related toWFHY

#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 WFHY using Composer

FAQ

WFHY is a US Bonds ETF. WisdomTree Fundamental U.S. High Yield Corporate Bond Fund seeks to track the performance of select issuers in the U.S. non-investment grade corporate bond ( junk bond ) market that are deemed to exhibit favorable fundamentals and opportunities for income. WisdomTree Fundamental U.S. High Yield Corporate Bond Index is a rule-based alternatively weighted Index designed to capture the performance of selected issuers in the U.S. high yield corporate bond market that are deemed to have attractive fundamental and income characteristics. The Index employs a multi-step process, which screens on fundamentals to identify bonds with favorable characteristics and then tilts to those which offer attractive income characteristics. The Index is comprised of U.S. corporate bonds of public issuers domiciled in the United States. To be eligible for inclusion in the Index, debt securities must have fixed coupons with at least $500 million in par amount outstanding and a remaining maturity of at least one year. Component securities must be rated non-investment grade by at least one rating agency.

WFHY tracks the WisdomTree Fundamental U.S. High Yield Corporate Bond Index.

No, WFHY 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, WFHY 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 WFHY is -0.0009%. This is the percent change in the value of WFHY over the most recent 1-month period. The 3-month return on WFHY is 0.0099%. This is the percent change in the value of WFHY over the most recent 3-month period.

The standard deviation of WFHY for the past year is 0.1022%. 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 WFHY include IGSB, SPIB, and VCIT.

ETFs correlated to WFHY include HYLB, JNK, and UJB.

ETFs that are inversely correlated to WFHY 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.