- ISIN
- US30151E8140
- CUSIP
- 30151E814
- Delisting Date
- Aug 25, 2023
- Issuer
- Exchange Traded Concepts
- Inception Date
- Nov 30, 2010
- Region
- Developed Markets (Broad)
- Category
- High Yield Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $96M
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
HYLD Performance Chart
Loading charts...
Returns By Period
High Yield ETF
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
HYLD Monthly Returns History
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 5.05% | -1.01% | -0.41% | 0.53% | -2.64% | 0.79% | 1.49% | -0.86% | 2.80% | ||||
| 2022 | -4.03% | -1.52% | -1.62% | -2.36% | 0.07% | -3.11% | 4.00% | -1.24% | -4.59% | 1.11% | 3.73% | -2.16% | -11.48% |
| 2021 | 1.60% | 0.46% | 1.43% | 0.56% | 0.37% | 0.95% | -0.09% | 0.35% | -0.26% | 0.35% | -1.01% | 0.59% | 5.41% |
Benchmark Metrics
High Yield ETF has an annualized alpha of -0.10%, beta of 0.24, and R2 of 0.20 versus S&P 500 Index. Calculated based on daily prices since December 01, 2010.
- This ETF participated in 54.75% of S&P 500 Index downside but only 33.90% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.24 may look defensive, but with R2 of 0.20 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.20 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -0.10%
- Beta
- 0.24
- R²
- 0.20
- Upside Capture
- 33.90%
- Downside Capture
- 54.75%
Expense Ratio
HYLD has a high expense ratio of 1.29%, indicating above-average management fees.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for High Yield ETF (HYLD) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HYLD | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.37 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.78 | — |
| Martin ratioReturn relative to average drawdown | — | 12.44 | — |
Dividends
Dividend History
High Yield ETF provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $2.04 | $2.04 | $2.40 | $2.50 | $2.68 | $2.59 | $2.35 | $3.55 |
Dividend yield | 0.00% | 7.86% | 6.45% | 7.52% | 7.46% | 7.97% | 7.18% | 6.59% | 10.87% |
Monthly Dividends
The table displays the monthly dividend distributions for High Yield ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.00 | $1.19 | ||||
| 2022 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $2.04 |
| 2021 | $0.20 | $0.19 | $0.19 | $0.18 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.09 | $2.04 |
| 2020 | $0.20 | $0.20 | $0.20 | $0.20 | $0.20 | $0.20 | $0.20 | $0.20 | $0.20 | $0.20 | $0.20 | $0.20 | $2.40 |
| 2019 | $0.21 | $0.22 | $0.22 | $0.22 | $0.21 | $0.21 | $0.21 | $0.20 | $0.20 | $0.20 | $0.20 | $0.20 | $2.50 |
| 2018 | $0.19 | $0.24 | $0.23 | $0.22 | $0.22 | $0.24 | $0.22 | $0.24 | $0.22 | $0.22 | $0.23 | $0.21 | $2.68 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the High Yield ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the High Yield ETF was 34.68%, occurring on Feb 9, 2016. Recovery took 1243 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2016 bear market2016 | -34.68%Feb 2016 | 1y 7mo | 4y 11mo | 6y 6moJul 2014 - Jan 2021 |
Bear market2022 | -14.87%Sep 2022 | 10mo 21d | — | 4y 7moNov 2021 - now |
2011 pullback2011 | -9.45%Oct 2011 | 4mo 6d | 4mo 27d | 9mo 3dJun 2011 - Feb 2012 |
2013 pullback2013 | -4.33%Jun 2013 | 1mo 3d | 2mo 18d | 3mo 21dMay 2013 - Sep 2013 |
2012 pullback2012 | -3.78%Jun 2012 | 24d | 2mo 23d | 3mo 17dMay 2012 - Aug 2012 |
Drawdown Indicators
| HYLD | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -56.78% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | — | -1.80% | — |
Average DrawdownAverage peak-to-trough decline | — | -10.71% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.03% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with HYLD
Add High Yield ETF to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with HYLD