- Low-volatility factoring has been a hit in equity ETFs, and IndexIQ is attempting to bring the idea to fixed-income with its just-launched S&P High Yield Low Volatility Bond ETF (HYLV).
- The tracked index will attempt to pick high-yield bonds with less credit risk with a formula combining a bond's spread and duration to measure "marginal contribution risk." The bottom half of the screen will be excluded.
- Source: Crystal Kim in Barron's
- Other high-yield ETFs: HYG, JNK, HIX, DHY, HYLD, PHT, EAD, HYT, JQC, CIK, DSU, SJB, NHS, ACP, PHF, FHY, MCI, KIO, ANGL, ARDC, VLT, CIF, AIF, MPV, MHY, PCF, DHG, IVH, HYLS, JSD, UJB, GGM, CJNK, HYIH, FALN, HYXE, WFHY