IQ S&P High Yield Low Volatility Bond ETF (HYLV)
IQ S&P High Yield Low Volatility Bond ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $21.88, up 0.30% on the session, giving a market capitalisation of $15.9M. Its beta of 1.02 implies it has historically moved more than the broad market.
This ETF, known as IQ S&P High Yield Low Volatility Bond ETF, seeks to replicate the returns of its chosen benchmark index. It achieves this by employing a "Representative Sampling" approach rather than holding every single component. The underlying index itself is composed of U.S. dollar-denominated speculative-grade corporate debt instruments, which are selected using a defined, quantitative methodology. The objective of this rules-based selection process is to identify holdings that, when viewed collectively, are projected to demonstrate reduced price volatility compared to the wider universe of U.S. dollar high-yield corporate bonds.
IQ S&P High Yield Low Volatility Bond ETF is most often compared with the following Financial Services names: