Investors interested in short-term corporate bond exposure have a number of investment-grade bond ETF options available, including the iShares 1-3 Year Credit Bond ETF (NYSEArca: CSJ), Vanguard Short-Term Corporate Bond Index (NYSEArca: VCSH) and SPDR Barclays Short Term Corporate Bond ETF (NYSEArca: SCPB).[related_stories]
CSJ tracks short-term U.S. investment-grade credit, including corporate, sovereign, supranational, local authority and non-U.S. agency bonds with remaining maturities between one and three years. The ETF has a larger tilt toward the banking sector 27.1% and consumer non-cyclical 12.5%. The fund comes with a 1.32% 30-day SEC yield and a 1.92 year duration.
VCSH also tracks a portfolio of investment-grade corporate bonds with an average maturity of one to five years, with a larger tilt toward industrial 53.6% and finance 40.9%. The ETF has a 2.8 year average duration and a 1.7% 30-day SEC yield.
SCPB is comprised of investment-grade corporate debt that have a remaining maturity of one to three years. Sector weights include industrial 52.3%, Finance 42.5% and utilities 5.3%. The ETF has a 1.31% 30-day SEC yield and a 1.82 year duration.
For more information on the fixed-income market, visit our bond ETFs category.