Xtrackers USD High Yield Corporate Bond ETF

HYLB

Market cap $3.91B

Overview Fund Activity

37.05 USD

-0.03

0.08%

At close Updated Sep 17, 4:00 PM EDT

1 day

-0.08%

5 days

0.16%

1 month

0.73%

3 months

1.84%

6 months

2.24%

Year to date

2.46%

1 year

0.93%

5 years

-4.46%

10 years

-8.06%

0

Funds holding %

of 7,463 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

13% more funds holding in top 10

Funds holding in top 10: 8 [Q1] → 9 (+1) [Q2]

3% more first-time investments, than exits

New positions opened: 36 | Existing positions closed: 35

1% less repeat investments, than reductions

Existing positions increased: 73 | Existing positions reduced: 74

2% less capital invested

Capital invested by funds: $3.51B [Q1] → $3.45B (-$59.3M) [Q2]

2.4% less ownership

Funds ownership: 78.11% [Q1] → 75.72% (-2.4%) [Q2]

4% less funds holding

Funds holding: 223 [Q1] → 215 (-8) [Q2]

See Fund Rankings

Financial journalist opinion

Not All High Yield ETFs Are Created Equal: A Framework To Evaluate High Yield ETFs

Headline yields in high-yield bond ETFs can be misleading; CCC-rated bond exposure is the key driver of credit risk and potential return drag. Chasing the highest yield often backfires—risk-adjusted returns, not just headline yields, provide a clearer picture of long-term performance. Active ETFs typically have lower CCC exposure and higher risk-adjusted returns than passive ETFs, despite slightly higher expense ratios.

Not All High Yield ETFs Are Created Equal: A Framework To Evaluate High Yield ETFs

HYLB: Not Among The Best Junk Bond ETFs

HYLB offers broad junk bond exposure with a 6%+ yield and a very low expense ratio. Despite slightly outperforming HYG, HYLB's share price and distributions have declined, especially after adjusting for inflation. For high-yield bond exposure, I prefer HYDB for better risk-adjusted returns or a fallen angels ETF for total return.

HYLB: Not Among The Best Junk Bond ETFs

DWS: A Long History of Differentiation

DWS has operated in the ETF space via its Xtrackers family of funds in the US for nearly 20 years. It has flown under the radar compared to the largest ETF issuers.

DWS: A Long History of Differentiation

HYLB: Spreads Are Rising But The Market Is Still Too Optimistic

HYLB tracks the Solactive USD High Yield Corporates Total Market Index, reflecting U.S. high-yield corporate bonds. It is well-diversified with 1,200 holdings, mainly BB-rated, but exposed to economic shifts and higher default risks due to meaningful cyclical sector exposure. Current market conditions are discouraging when it comes to junk bond exposure.

HYLB: Spreads Are Rising But The Market Is Still Too Optimistic

Undercovered ETFs: Nuclear, Uranium, China, India +

The 'Undercovered' Dozen series highlights lesser-covered ETFs, offering insights from various authors on potential investment opportunities and market trends. Global X Uranium ETF is seen as well-placed for a uranium bull market, driven by increasing demand for nuclear energy from major tech companies. iShares MSCI India ETF offers exposure to India's fast-growing economy, presenting perhaps a strong investment opportunity despite recent pullbacks due to shifts towards the Chinese market.

Undercovered ETFs: Nuclear, Uranium, China, India +

HYLB: A Cheap Fee Doesn't Make This Asset Class More Attractive

Xtrackers USD High Yield Corporate Bond ETF is a broad market fund in high-yield bonds with a 6% yield. HYLB's portfolio is diversified across sectors, with a focus on consumer discretionary and communication services. Since its inception, HYLB has marginally outperformed its competitors HYG and JNK, and has a lower fee.

HYLB: A Cheap Fee Doesn't Make This Asset Class More Attractive

High Yield Bond ETFs Have New Asset Leader

The U.S. high yield bond ETF category has a new asset leader. The iShares Broad USD High Yield Corporate Bond ETF (USHY) is now the largest high yield bond ETF in the market, with assets totaling $15.9 billion as of Aug.15.

High Yield Bond ETFs Have New Asset Leader

Junk bonds: Avoid the HYLS ETF and buy ANGL and HYLB instead

High-yield corporate bonds are generating strong returns this year, helped by higher interest rates by the Federal Reserve. Most of these ETFs are yielding over 6%, higher than short-term government bonds and dividends.

HYLB: Good, Cheap High-Yield Bond ETF, But Better Choices Out There

HYLB is one of the cheapest high-yield bond ETFs in the market, with a 0.05% expense ratio. It offers investors an average 5.9% yield, and average total returns. HYLB seems strictly inferior to SPHY, with several disadvantages, but no clear edge.

Chart of the Week: High Yield Gaining Traction With Advisors

After a year when advisors were relatively cautious about taking on credit risk, sentiment seems to be shifting. In 2023, the most popular fixed income ETF was the iShares 20+ Year Treasury ETF (TLT).

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