HYLS: Traded Fund III First Trust Tactical High Yield ETF
About
HYLS was created on 2013-02-27 by First Trust. The fund's investment portfolio concentrates primarily on high yield fixed income. HYLS is an actively managed fund holding up to 130% in long positions in high yield bonds it expects to outperform", and up to 30% short positions in issues it expects to underperform.
Key Details
Assets Under Management
$1.64B
Div Yield %
6.20%
P/E Ratio
-
Net Asset Value
$41.63
Expense Ratio
1.02%
1Y ETF Return
0.11%
Strategies that include HYLS
Stock's related to HYLS
Correlated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| AGNC | 66.90% | $8.56B | +9.64% | 14.95% |
| ARR | 60.99% | $1.05B | +8.10% | 16.27% |
| RYN | 54.97% | $4.48B | -2.31% | 3.80% |
| HR | 52.45% | $6.26B | +23.58% | 7.10% |
| XWDIX | 51.81% | - | - | 11.82% |
| SNN | 43.81% | $11.12B | -0.04% | 2.98% |
| GUG | 39.02% | - | - | 9.13% |
| IDCC | 38.13% | $4.64B | +83.82% | 0.90% |
| JAKK | 35.22% | $303.66M | -7.19% | 0.00% |
| SBS | 35.22% | $11.66B | +31.24% | 0.00% |
| EPAM | 32.99% | $12.91B | -11.78% | 0.00% |
| AUTL | 31.65% | $785.05M | -27.16% | 0.00% |
| MKTX | 31.08% | $10.10B | +14.58% | 0.83% |
| HCP | 30.91% | $6.82B | +58.76% | 0.00% |
| LUMN | 30.25% | $7.85B | +486.36% | 0.00% |
| AJX | 30.06% | $137.63M | -33.99% | 9.24% |
| BGS | 29.52% | $503.48M | -32.20% | 12.01% |
| BRFS | 27.07% | $6.90B | +48.76% | 0.00% |
| DOCU | 26.56% | $16.14B | +87.11% | 0.00% |
| PKE | 26.54% | $291.84M | -1.22% | 3.42% |
Uncorrelated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| LTM | -0.06% | $8.51B | -100.00% | <0.01% |
| ALL | -0.08% | $52.06B | +45.67% | 1.85% |
| RELY | -0.08% | $3.96B | -7.42% | 0.00% |
| THG | 0.08% | $5.88B | +36.24% | 2.08% |
| TXO | 0.11% | $737.26M | -1.80% | 13.22% |
| TRVG | 0.21% | $37.05M | -37.92% | 0.00% |
| QXO | -0.35% | $6.51B | -35.95% | 0.00% |
| BNED | 0.39% | $277.22M | -91.94% | 0.00% |
| NHTC | 0.39% | $61.83M | +0.19% | 14.81% |
| KR | 0.48% | $42.03B | +35.08% | 2.11% |
| CYCN | -0.48% | $4.77M | -16.19% | 0.00% |
| AXS | -0.50% | $7.14B | +55.12% | 2.06% |
| RGR | -0.52% | $642.75M | -15.87% | 1.81% |
| WRB | 0.55% | $22.94B | +29.98% | 0.69% |
| TPST | 0.61% | $37.75M | -77.59% | 0.00% |
| WHLM | -0.65% | $17.64M | -29.34% | 0.00% |
| CNA | 0.69% | $13.16B | +23.03% | 3.61% |
| TRV | -0.69% | $58.86B | +48.10% | 1.59% |
| BACK | 0.76% | $1.76M | -32.90% | 0.00% |
| CI | 0.82% | $89.70B | +12.57% | 1.68% |
Inversely Correlated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| RNR | -16.17% | $13.74B | +23.09% | 0.58% |
| MCK | -14.21% | $78.15B | +35.51% | 0.42% |
| ACGL | -13.13% | $36.00B | +16.84% | 0.00% |
| PGR | -12.59% | $149.10B | +57.29% | 0.45% |
| TEM | -11.49% | $8.50B | 0.00% | 0.00% |
| MNR | -9.82% | $1.66B | -10.71% | 15.90% |
| HUM | -9.65% | $33.45B | -45.22% | 1.25% |
| EG | -9.14% | $15.92B | -8.98% | 2.02% |
| HQY | -8.79% | $8.97B | +52.15% | 0.00% |
| SRRK | -7.81% | $2.61B | +134.91% | 0.00% |
| CBOE | -7.16% | $21.46B | +15.84% | 1.11% |
| LPLA | -7.14% | $23.55B | +38.13% | 0.38% |
| LPTH | -6.60% | $62.27M | +33.05% | 0.00% |
| IBKR | -6.13% | $20.20B | +131.83% | 0.37% |
| ALAR | -6.07% | $89.09M | +158.08% | 0.00% |
| HUSA | -5.24% | $16.69M | -11.56% | 0.00% |
| EDSA | -4.65% | $7.11M | -21.79% | 0.00% |
| PRPO | -4.50% | $9.10M | -13.65% | 0.00% |
| CME | -4.33% | $82.76B | +9.21% | 1.98% |
| OXBR | -4.04% | $19.05M | +178.18% | 0.00% |
ETF's related to HYLS
News
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Despite widespread concerns about whether the Federal Reserve could hike rates enough to lower inflation without sparking a recession, the economy has remained resilient.
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Results varied at the sector level on a total-return basis, but all spread products enjoyed positive excess returns versus Treasurys. Click to read.
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In recent years, valuations across both equity and high yield credit markets have increased markedly and have become a key focal point. Click to read.
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Central banks across the US, UK and Europe have shifted to an easing phase, signaling a change in the credit cycle. Read more here.
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With inflation cooling and the Federal Reserve transitioning from rate hikes to a cycle of rate cuts, bonds are poised to perform well in 2025.
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Disclaimer
Information on this page is obtained from our data provider, Xignite, an unaffiliated third party. Double believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate. We also show information based on calculations performed by Double using data from our provider. Double believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.