- Inception Date
- Jan 21, 2020
- Region
- North America (U.S.)
- Category
- High Yield Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- CP High Yield Trend Index
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $206M
Share Price Chart
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Performance
HYTR Performance Chart
CP High Yield Trend ETF (HYTR) is up 0.5% since the beginning of the year. HYTR is currently trading at $21 per share. Investors who bought $1,000 worth of HYTR shares 5 years ago would now be looking at an investment worth $1,106.
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Returns By Period
CP High Yield Trend ETF (HYTR) has returned 0.51% so far this year and 4.92% over the past 12 months.
CP High Yield Trend ETF
- 1D
- -0.07%
- 1M
- 0.53%
- YTD
- 0.51%
- 6M
- 0.82%
- 1Y
- 4.92%
- 3Y*
- 6.72%
- 5Y*
- 2.03%
- 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%
HYTR Monthly Returns History
Based on dividend-adjusted daily data since Jan 22, 2020, HYTR's average daily return is +0.01%, while the average monthly return is +0.15%. At this rate, an investment would double in approximately 38.5 years.
Historically, 59% of months were positive and 41% were negative. The best month was Nov 2023 with a return of +3.6%, while the worst month was Mar 2022 at -3.2%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 4 months.
On a daily basis, HYTR closed higher 52% of trading days. The best single day was Sep 3, 2024 with a return of +2.8%, while the worst single day was Mar 9, 2020 at -3.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.58% | -0.06% | -1.59% | 1.18% | 0.41% | 0.02% | 0.51% | ||||||
| 2025 | 1.34% | 1.03% | -1.07% | -2.19% | 1.59% | 1.86% | 0.14% | 1.18% | 0.75% | 0.08% | 0.70% | 0.46% | 5.95% |
| 2024 | 0.18% | 0.14% | 1.21% | -1.28% | 1.50% | 0.39% | 2.23% | 1.37% | 1.63% | -0.85% | 1.50% | -0.92% | 7.25% |
| 2023 | 2.54% | -2.00% | 1.93% | 0.18% | -1.20% | 1.76% | 1.10% | 0.22% | -1.64% | -1.57% | 3.57% | 3.32% | 8.31% |
| 2022 | -1.80% | -0.51% | -3.17% | -2.07% | 0.69% | -0.76% | 1.60% | -2.86% | -2.98% | -0.66% | 2.50% | -1.72% | -11.29% |
| 2021 | -0.45% | -0.02% | 0.89% | 0.67% | 0.03% | 1.21% | 0.09% | 0.51% | -0.26% | -0.52% | -0.31% | 0.89% | 2.75% |
Benchmark Metrics
CP High Yield Trend ETF has an annualized alpha of 0.02%, beta of 0.13, and R2 of 0.20 versus S&P 500 Index. Calculated based on daily prices since January 22, 2020.
- This ETF participated in 31.52% of S&P 500 Index downside but only 17.38% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.13 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
- 0.02%
- Beta
- 0.13
- R²
- 0.20
- Upside Capture
- 17.38%
- Downside Capture
- 31.52%
Expense Ratio
HYTR has a high expense ratio of 0.97%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
HYTR ranks 43 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for CP High Yield Trend ETF (HYTR) 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.
| HYTR | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.37 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 2.78 | -0.62 |
| Martin ratioReturn relative to average drawdown | 7.10 | 12.44 | -5.33 |
Dividends
Dividend History
CP High Yield Trend ETF provided a 5.74% dividend yield over the last twelve months, with an annual payout of $1.23 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Dividend | $1.23 | $1.26 | $1.21 | $1.16 | $0.26 | $0.88 | $0.73 |
Dividend yield | 5.74% | 5.78% | 5.55% | 5.43% | 1.24% | 3.70% | 3.05% |
Monthly Dividends
The table displays the monthly dividend distributions for CP High Yield Trend 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.09 | $0.10 | $0.07 | $0.10 | $0.11 | $0.48 | ||||||
| 2025 | $0.00 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.11 | $0.10 | $0.13 | $0.09 | $0.23 | $1.26 |
| 2024 | $0.00 | $0.10 | $0.11 | $0.09 | $0.12 | $0.11 | $0.11 | $0.06 | $0.13 | $0.11 | $0.11 | $0.17 | $1.21 |
| 2023 | $0.00 | $0.10 | $0.11 | $0.10 | $0.10 | $0.09 | $0.10 | $0.10 | $0.10 | $0.11 | $0.05 | $0.20 | $1.16 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.02 | $0.01 | $0.02 | $0.02 | $0.03 | $0.14 | $0.26 |
| 2021 | $0.00 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.10 | $0.07 | $0.07 | $0.06 | $0.15 | $0.88 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the CP High Yield Trend 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 CP High Yield Trend ETF was 13.25%, occurring on Oct 20, 2022. Recovery took 455 trading sessions.
The current CP High Yield Trend ETF drawdown is 0.39%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -13.25%Oct 2022 | 1y 1mo | 1y 9mo | 2y 11moSep 2021 - Aug 2024 |
2020 pullback2020 | -8.16%Jun 2020 | 4mo 9d | 11mo 8d | 1y 3moFeb 2020 - Jun 2021 |
2025 selloff2025 | -4.93%Apr 2025 | 1mo 6d | 2mo 23d | 3mo 29dMar 2025 - Jun 2025 |
2024 pullback2024 | -2.60%Sep 2024 | 0s | 5mo 3d | 5mo 3dSep 2024 - Feb 2025 |
2026 pullback2026 | -2.28%Mar 2026 | 25d | — | 4mo 7hFeb 2026 - now |
Drawdown Indicators
| HYTR | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.25% | -56.78% | +43.53% |
Max Drawdown (1Y)Largest decline over 1 year | -2.28% | -9.10% | +6.82% |
Max Drawdown (3Y)Largest decline over 3 years | -4.93% | -18.90% | +13.97% |
Max Drawdown (5Y)Largest decline over 5 years | -13.25% | -25.43% | +12.18% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.39% | -1.80% | +1.41% |
Average DrawdownAverage peak-to-trough decline | -4.11% | -10.71% | +6.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 2.03% | -1.34% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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