Xtrackers USD High Yield Corporate Bond ETF HYLB is one of the least-expensive high-yield bond funds, but a market-value-weighted index approach to U.S. high-yield bonds courts significant credit risk and liquidity challenges. The fund earns a Morningstar Analyst Rating of Neutral.
Xtrackers USD High Yield Corp Bd ETF HYLB
Morningstar’s Analysis HYLB
Will HYLB outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable HYLB’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the HYLB management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of HYLB’s parent organization’s priorities and whether they’re in line with investors’ interests.
A high yield and a low fee aren’t enough to overcome challenges facing this ETF.
