Related: How to Best Invest in High-Yield With a Hedge
HYLB tries to reflect the performance of the Solactive USD High Yield Corporate Total Market Index, a market value weighted benchmark designed to mirror the performance of high yield corporate bonds issued in U.S. dollars. HYLB is 93.09% of HYIH’s lineup while HYUP accounts for the remaining 5.91%.
Combining HYLB and HYUP means HYLB is home to about 1,100 bonds from over 500 issuers.
For more information on the fixed-income space, visit our bond ETFs category.