Interesting to compare a few high-yield competitors on a YEAR-TO-DATE performance chart.
Note that SPY is up +11.35% YTD … and HYG (the gorilla junk ETF) is only up +1.19%
… while the best here (HIPS, black) is up +17.76%
Comparing the yields (all numbers from finviz):
HIPS 9.09% (not a typo)
VTA 7.75%
BGB 6.28%
BXMX 6.1%
HYG 4.87%
[Caveat: as with all performance charts, when you change the time frame you get a different picture. For example: they all crashed bad in the Feb/Mar SPY rout of 2020, so good STOPS are ESSENTIAL. This is not your grandpa’s buy-and-hold.]
Anyhoooo, I can’t figure why HYG (in gold) is so popular given the numbers … it being the most liquid junk on the planet isn’t good enough for me.
Also, why is HIPS (in black) so thin (low volume) when it is cleary the better performer and yielder ? [btw: HIPS correlates positively with SPY and HYG. But the HIPS Expense Ratio is 1.27% which is too high; notheless its numbers are clearly superior].