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Horizons Active High Yield Bond ETF (HYI)
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iShares U.S. High Yield Bond Index ETF (CAD-Hedged) (XHY)
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TD Active U.S. High Yield Bond ETF (TUHY)
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Hamilton U.S. Bond YIELD MAXIMIZER TM ETF (HBND)
Q: Hello 5i team,
You recommended in a previous question TUHY instead of HYI (being terminated in March of this year). I also have XHY in my TFSA. Is not TUHY and XHY almost the same except that XHY is CAD-hedged and is larger in market cap?
I am wondering which one has Canadian high yield bond exposure as well as US? Or is it that there is not much coverage in CAN in general?
Andrew
You recommended in a previous question TUHY instead of HYI (being terminated in March of this year). I also have XHY in my TFSA. Is not TUHY and XHY almost the same except that XHY is CAD-hedged and is larger in market cap?
I am wondering which one has Canadian high yield bond exposure as well as US? Or is it that there is not much coverage in CAN in general?
Andrew
5i Research Answer:
They are similar, but the main difference is XHY follows a specific bond index, whereas HYI is/was an active managed ETF. So performance can vary widely based on the manager's positioning. TUHY has 22% exposure to Canada. In the category there is not much choice in high yield exclusively Canadian ETFs.