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PowerShares High Yield Corporate Bond Portfol (PHB) - 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:
Price18.9818
Volume31k
Avg Vol771k
RSf32.5
$Vol(21d)16m
52 wk High19.11
52 wk Low17.54
Inception:Nov 2007
(as of 2017-06-28)
Total Returns:
1 day0.1%
5 day0.6%
1 month-0.1%
3 month1.6%
6 month3.1%
9 month3.7%
1 year7.9%
 
Compare Funds:
Correlated Group: Fixed Income (View cGroup) (All Groups)




 

Correlated Funds

Most Directly Correlated
iShares iBoxx $ High Yield Corporate Bond FunHYG0.87  
SPDR Barclays High Yield BondJNK0.85  
SPDR Barclays ST High Yield Bond ETFSJNK0.85  
iShares 0-5 yr High Yld Corp Bd ETFSHYG0.85  
PIMCO 0-5 Year High Yield Corporate Bond Index FunHYS0.82  
VanEck Vectors Fallen Angel HY Bond ETFANGL0.80  
Guggenheim BulletShares 2021 HY Corp BndBSJL0.75  
First Trust High Yield Long/Short ETFHYLS0.73  
iShares Int Rate Hedged High Yld Bnd ETFHYGH0.72  
Guggenheim BulletShares 2019 HY C Bd ETFBSJJ0.71  
Least Correlated
Guggenheim Ultra Short BondGSY0.01  
CurrencyShares Euro TrustFXE0.01  
ProShares Ultra 7-10 Year TreasuryUST0.01  
Teucrium Wheat Fund ETFWEAT0.00  
Schwab Intermediate-Term U.S. Treas ETFSCHR0.00  
Vanguard Mortgage-Backed Sec Idx ETFVMBS-0.00  
Vanguard Tax-Exempt Bond ETFVTEB-0.01  
iPath DJ AIG Coffee TR Sub-Idx ETNJO-0.01  
First Trust Duration Mrtg Opps ETFLMBS-0.01  
First Trust Enh Short Maturity ETFFTSM-0.01  
Most Inversely Correlated
Active Bear ETF HDGE-0.51  
Direxion Small Cap Bear 3X SharesTZA-0.52  
Proshares Short Russell 2000RWM-0.52  
ProShares UltraPro Short Russell2000SRTY-0.52  
Proshares UltraShort S&P500SDS-0.53  
Proshares UltraShort Russell2000TWM-0.53  
ProShares UltraPro Short S&P 500SPXU-0.53  
Direxion S&P 500 Bear 3X SharesSPXS-0.54  
ProShares Short S&P 500SH-0.54  
ProShares Short High Yield SJB-0.87  
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: 2017-06-23.
 


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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