iShares High Yield Bond Factor ETF
$HYDB · BlackRock · tracks BlackRock High Yield Defensive Index · since 2016
Dividend yield
6.38%
Expense ratio
0.35%
Assets
$1.2B
About HYDB
Applies a multi-factor screen to the U.S. high-yield bond market, selecting bonds with better value, quality, and momentum characteristics. HYDB attempts to deliver higher risk-adjusted returns than a plain cap-weighted high-yield index by avoiding the lowest-quality, most expensive issuers.
Sector exposure
- Consumer Discretionary18.4%
- Communication16.2%
- Energy14.8%
- Healthcare12.4%
- Industrials10.6%
- Technology9.4%
- Materials8.2%
- Financials6.0%
- Consumer Staples4.0%
How StockWorthy analyses HYDB
ETFs hold companies rather than generating cash flow themselves, so HYDB is assessed on cost, income and the valuation of what it owns: the expense ratio, the current yield against its own 5.74% long-run average, and a holdings-weighted P/E and growth rate built from the underlying positions. Figures are educational and not investment advice.
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