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SCYB is an easy-to-understand ETF that tracks a high-yield corporate bond index. It offers a good dividend yield of 7.3% and has a low expense ratio of 0.03%, making it more affordable than similar options. While SCYB is a decent investment choice, it doesn't have any major benefits or drawbacks compared to other high-yield funds.
SCYB is a high-yield bond ETF with $187M AUM, tracking the ICE BofA US Cash Pay High Yield Constrained Index. SCYB holds 1,562 well-diversified high-yield bonds, with 53% in BB-rated and 45% in B-rated bonds. CCC bonds are facing bearish tecnical factors that may cause them to perform poorly even in a positive economic environment.
Schwab High Yield Bond ETF offers a cost-efficient way for investors to access the high yield bond market. SCYB's holdings include a mix of high yield corporate bonds, with top positions in Carnival Corp. and Rakuten Group Inc. While the ETF has lagged behind its competitors slightly, its low expenses make it an appealing choice for potential growth in the future.
Schwab High Yield Bond ETF launched in July 2023, with a focus on the higher quality part of the high yield bond market. SCYB has a low expense ratio of 0.03%, which compares favorably to most other high yield bond ETFs. SCYB's historical performance has been slightly weaker than peers due to its lack of exposure to CCC rated bonds.
FAQ
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