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Xtrackers High Beta High Yield Bond ETF (HYUP)HYUP
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Upturn Advisory Summary
09/05/2024: HYUP (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 10.89% | Upturn Advisory Performance  5 | Avg. Invested days: 78 |
| Profits based on simulation | ETF Returns Performance  3 | Last Close 09/05/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 10.89% | Avg. Invested days: 78 |
Upturn Star Rating | ETF Returns Performance 3 |
| Profits based on simulation Last Close 09/05/2024 | Upturn Advisory Performance 5 |
Key Highlights
Volume (30-day avg) 598 | Beta 0.97 |
52 Weeks Range 35.36 - 42.32 | Updated Date 09/19/2024 |
52 Weeks Range 35.36 - 42.32 | Updated Date 09/19/2024 |
AI Summarization
Xtrackers High Beta High Yield Bond ETF (HYBB) Overview
Profile:
- Focus: High-yield bonds with higher beta, aiming for amplified market exposure and returns.
- Target Sector: High-yield bonds
- Structure: Physically-replicating ETF
- Investment Strategy: Tracks the Solactive High Beta High Yield Corporate Bond NR USD Index, composed of US high-yielding corporate bonds with above-average financial risk.
Objective:
- Maximize total return through high-yield bonds with increased risk/reward potential.
Issuer:
- DWS Investment Management (formerly Deutsche Asset Management)
- Reputation and Reliability: Established global asset manager with a robust track record, overseeing over $950 billion in assets.
- Management: Experienced team managing high-yield bond portfolios, leveraging DWS's deep investment research and active risk management.
Market Share:
- High beta high yield bond ETF market share: Approximately 3% (as of Q2 2023)
- Overall high-yield bond ETF market share: DWS holds a significant share, ranking among the top 10 issuers.
Total Net Assets:
- Approximately $2.6 billion (as of Q2 2023)
Moat:
- Unique exposure: Offers access to high beta high yield bonds, a niche within the high-yield bond market.
- Active management: Utilizes a proprietary scoring system to select bonds with higher expected returns.
- Experienced issuer: DWS's expertise in high-yield bond management fosters investor confidence.
Financial Performance:
- Historical returns: HYBB has outperformed its benchmark index (Solactive High Beta High Yield Corporate Bond NR USD Index) in recent years.
- Volatility: HYBB exhibits higher volatility than the broader high-yield bond market due to its beta focus.
Growth Trajectory:
- Increased demand for high-yield bonds as investors seek higher returns in a low-yield environment.
- Potential for further market share growth with HYBB's unique offering.
Liquidity:
- Average Trading Volume: High, ensuring easy buying and selling.
- Bid-Ask Spread: Tight, indicating low transaction costs.
Market Dynamics:
- Economic indicators: Interest rate hikes and inflation can impact high-yield bond prices.
- Sector growth prospects: High-yield bond market growth depends on economic performance and corporate profitability.
- Current market conditions: Rising interest rates and recessionary fears may impact HYBB's performance.
Competitors:
- iShares High Yield Bond ETF (HYG): Market leader with a 34% market share.
- SPDR Bloomberg Barclays High Yield Bond ETF (JNK): Close competitor with a 28% market share.
Expense Ratio:
- 0.39%
Investment Approach and Strategy:
- Strategy: Tracks the Solactive High Beta High Yield Corporate Bond NR USD Index, aiming for amplified market exposure.
- Composition: Holds high-yield corporate bonds with above-average financial risk.
Key Points:
- Access to high beta high yield bonds for amplified returns.
- Active management for potentially higher returns.
- Experienced issuer with a strong track record.
Risks:
- Volatility: HYBB is inherently more volatile than the broader high-yield bond market.
- Market Risk: High-yield bonds are sensitive to interest rate changes and economic downturns.
- Credit Risk: Bonds issued by financially weaker companies may default.
Who Should Consider Investing:
- Investors seeking high potential returns with a higher risk tolerance.
- Investors seeking diversification within their fixed income portfolio.
Fundamental Rating Based on AI: 7.5/10
Justification:
- HYBB exhibits strong market performance, active management with a unique niche focus, and a reputable issuer. However, its higher volatility and sensitivity to market risks require careful consideration.
Resources and Disclaimers:
- DWS website: https://www.dws.com/en/individual-investors/etfs/xtrackers-ii-global-high-beta-high-yield-bond-ucits-etf-1c-eur-acc-hedged-distributing-ie00bj7m4086.html
- ETF Database: https://etfdb.com/etf/HYBB/
- Morningstar: https://www.morningstar.com/etfs/xnas/hybb/quote
Disclaimer: This analysis is for informational purposes only and should not be considered investment advice. Investing involves risk, and you should consult with a financial professional before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Xtrackers High Beta High Yield Bond ETF
The fund will invest at least 80% of its total assets, (but typically far more) in component securities of the underlying index. The underlying index is designed to track the performance of the segment of the U.S. dollar denominated high yield corporate bond market that exhibits higher overall beta to the broader high yield corporate fixed income market.
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