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Highland/iBoxx Senior Loan ETF (SNLN) - ETF





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Volume(000's)


Charts and data are derived from prices adjusted for both splits and distributions to emphasize total return.

ETF Symbol:
Price17.59
Volume23k
Avg Vol269k
RSf49.6
$Vol(21d)1m
52 wk High17.71
52 wk Low16.20
Yield(ttm)5.12%
Avg.Spread0.071%
Inception:Nov 2012
(as of 2019-06-14)
Total Returns:
1 day-0.0%
5 day-0.1%
1 month-0.3%
3 month1.2%
6 month3.2%
9 month0.6%
1 year1.7%
 
Compare Funds:
Correlated Group: Fixed Income (View cGroup) (All Groups)




Correlated Funds

Most Directly Correlated
First Trust High Yield Long/Short ETFHYLS0.74  
Invesco Senior Loan Port BKLN0.73  
SPDR Barclays High Yield BondJNK0.73  
Goldman Sachs Access Hi Yld Corp BondGHYB0.72  
iShares iBoxx $ High Yield Corporate Bond FunHYG0.71  
SPDR Blackstone/GSO Senior Loan ETFSRLN0.71  
First Trust Senior LoanFTSL0.71  
Invesco BulletShares 2022 HY Corp BndBSJM0.69  
Deutsche X-trackers USD HY Corp BdHYLB0.68  
SPDR Barclays ST High Yield Bond ETFSJNK0.68  
Least Correlated
VelocityShares 3x Inverse Silver ETNDSLV0.01  
Velocity Shares 3x Inverse Nat Gas ETNDGAZ0.01  
Velocity Shares 3x Long Nat Gas ETNUGAZ0.00  
iShares Silver TrustSLV0.00  
iShares Barclays Short Treasury Bond FundSHV-0.00  
Aberdeen Physical Silver SharesSIVR-0.00  
iShares S&P Short Trm National Muni BondSUB-0.00  
ProShares Ultra SilverAGQ-0.01  
Teucrium Wheat Fund ETFWEAT-0.01  
VelocityShares 3x Long Silver ETNUSLV-0.01  
Most Inversely Correlated
Proshares UltraShort Russell2000TWM-0.60  
ProShares UltraPro Short Russell2000SRTY-0.61  
ProShares UltraPro Short S&P 500SPXU-0.61  
Direxion Small Cap Bear 3X SharesTZA-0.61  
Proshares UltraShort S&P500SDS-0.61  
ProShares Short S&P 500SH-0.61  
Proshares Short Russell 2000RWM-0.61  
Direxion S&P 500 Bear 3X SharesSPXS-0.61  
Cambria Tail Risk ETFTAIL-0.61  
ProShares Short High Yield SJB-0.70  
These 126 day (6 month) correlations can be considered short term, focusing on recent price movements.
Correlations are only calculated for actively traded funds. As of: 2019-06-14.


Exchange-traded funds are similar to index funds that trade like a single stock. Until the advent of the ETF, it was impossible to trade indexes this easily through an equity account. Most ETFs are relatively static in make-up, like the SPY or QQQQ index funds. Others, like some of the PowerShares funds, are dynamic and the holdings are changed routinely. ETFs have risks similar to stocks in that their value can rise or fall at the discretion of the marketplace. Some ETFs, like international funds and narrowly based indexes, have special risks that the investor should be aware of. However, used properly ETFs can provide an efficient and effective investment vehicle for achieving results that were near impossible for the typical investor to achieve prior to their development.








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