Mirroring the slump in the equities market, high-yield or “junk” bond exchange traded funds have been dipping into what some call oversold territory on the latest round of risk-off sentiment.

The iShares iBoxx High Yield Corporate Bond ETF (NYSEArca: HYG) and the SPDR Barclays Capital High Yield Bond ETF (NYSEArca: JNK) have consistently closed lower over the last few days, with both finishing in technically oversold territory, writes David Penn for Forbes. [What High-Yield Bond ETFs are Saying About Stocks]

Both HYG and JNK are down sharply over the past week. The two funds are now testing their 200-day supporting levels. [Are High-Yield ETFs About to Get Junked?]

In comparison, the iShares iBoxx Investop Corporate Bond ETF (NYSEArca: LQD) is faring better. It holds investment-grade corporate debt.

Additionally, safer bond ETFs like the Vanguard Total Bond Market ETF (NYSEArca: BND) and the iShares Barclays Aggregate Bond Fund (NYSEArca: AGG) are holding up.