Vaneck High Yield Etf Profile
| HYD Etf | USD 51.41 0.07 0.14% |
Performance8 of 100
| Odds Of DistressLess than 9
|
VanEck High is trading at 51.41 as of the 18th of April 2024, a -0.14 percent decrease since the beginning of the trading day. The etf's lowest day price was 51.26. VanEck High has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat ok performance during the last 90 days. Equity ratings for VanEck High Yield are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 28th of June 2022 and ending today, the 18th of April 2024. Click here to learn more.
The fund normally invests at least 80 percent of its total assets in securities that comprise the benchmark index. Vaneck High is traded on BATS Exchange in the United States. More on VanEck High Yield
Moving together with VanEck Etf
| 0.94 | SHYD | VanEck Short High | PairCorr |
| 0.97 | FMHI | First Trust Municipal | PairCorr |
| 0.87 | FLMI | Franklin Liberty Int | PairCorr |
| 0.94 | HYMU | BlackRock High Yield | PairCorr |
| 0.81 | SHLD | Global X Funds | PairCorr |
Moving against VanEck Etf
| 0.72 | FNGD | MicroSectors FANG Index Buyout Trend | PairCorr |
| 0.61 | HUM | Humana Inc Earnings Call This Week | PairCorr |
| 0.55 | MAAX | MAAX | PairCorr |
VanEck Etf Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. VanEck High's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding VanEck High or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Ideas | (View all Themes) |
| Old Names | [Hyduke Energy Services Inc, Hydra Games S.A., Vaneck Vectors High-yield Municipal Index Etf] |
| Business Concentration | High Yield ETFs, Municipals ETFs, High Yield Muni, VanEck (View all Sectors) |
| Issuer | Van Eck |
| Inception Date | 2009-02-04 |
| Benchmark | ICE High Yield Crossover Municipal Bond Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 2.9 Billion |
| Average Trading Valume | 506,247 |
| Asset Type | Fixed Income |
| Category | Municipals |
| Focus | High Yield |
| Market Concentration | Developed Markets |
| Region | North America |
| Administrator | Van Eck Associates Corporation |
| Advisor | Van Eck Associates Corporation |
| Custodian | State Street Bank and Trust Company |
| Distributor | Van Eck Securities Corporation |
| Portfolio Manager | James Colby III, Stephanie Wang |
| Transfer Agent | State Street Bank and Trust Company |
| Fiscal Year End | 30-Apr |
| Exchange | Cboe BZX Exchange, Inc. |
| Number of Constituents | 1,412 |
| Market Maker | Susquehanna |
| Total Expense | 0.35 |
| Management Fee | 0.35 |
| Country Name | USA |
| Returns Y T D | 0.3 |
| Name | VanEck High Yield Muni ETF |
| Currency Code | USD |
| Open Figi | BBG000C8Z562 |
| In Threey Volatility | 8.96 |
| 1y Volatility | 8.53 |
| 200 Day M A | 50.6327 |
| 50 Day M A | 51.7256 |
| Code | HYD |
| Updated At | 17th of April 2024 |
| Currency Name | US Dollar |
VanEck High Yield [HYD] is traded in USA and was established 2009-02-04. The fund is classified under High Yield Muni category within VanEck family. The entity is thematically classified as High Yield ETFs. VanEck High Yield currently have 2.74 B in assets under management (AUM). , while the total return for the last 3 years was -2.7%.
Check VanEck High Probability Of Bankruptcy
Top VanEck High Yield Etf Constituents
| BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% | 2.53% |
| FLORIDA DEV FIN CORP SURFACE TRANSN FAC REV 7.38% | 0.68% |
| FLORIDA DEV FIN CORP SURFACE TRANSN FAC REV 6.5% | 0.7900001% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.75% | 0.6% |
| CALIFORNIA CMNTY HSG AGY ESSENTIAL HSG REV 5% | 0.6% |
| METROPOLITAN PIER & EXPOSITION AUTH ILL REV 4% | 0.5% |
| NEW YORK LIBERTY DEV CORP LIBERTY REV 5% | 0.64999997% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% | 0.88% |
| FLORIDA DEV FIN CORP SURFACE TRANSN FAC REV 6.38% | 0.49% |
| FLORIDA DEV FIN CORP SURFACE TRANSN FAC REV 7.375% | 0.73% |
VanEck High Target Price Odds Analysis
What are VanEck High's target price odds to finish over the current price? Based on a normal probability distribution, the odds of VanEck High jumping above the current price in 90 days from now is about 44.32%. The VanEck High Yield probability density function shows the probability of VanEck High etf to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon VanEck High has a beta of 0.2364. This usually indicates as returns on the market go up, VanEck High average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding VanEck High Yield will be expected to be much smaller as well. Additionally, vanEck High Yield has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of VanEck High to move above the current price in 90 days from now is about 44.32 (This VanEck High Yield probability density function shows the probability of VanEck Etf to fall within a particular range of prices over 90 days) .
VanEck High Top Holders
| ABHYX | High Yield Municipal Fund | Mutual Fund | High Yield Muni |
| VMFIX | Virtus Multi Sector Intermediate | Mutual Fund | Multisector Bond |
| SAPEX | Spectrum Advisors Preferred | Mutual Fund | Tactical Allocation |
| TINIX | Acm Tactical Income | Mutual Fund | Nontraditional Bond |
| AYMCX | High Yield Municipal Fund | Mutual Fund | High Yield Muni |
| PRHAX | Prudential Muni High | Mutual Fund | High Yield Muni |
| PHICX | Prudential Muni High | Mutual Fund | High Yield Muni |
VanEck High Yield Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. VanEck High market risk premium is the additional return an investor will receive from holding VanEck High long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in VanEck High. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although VanEck High's alpha and beta are two of the key measurements used to evaluate VanEck High's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.0148 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.10) |
VanEck High Against Markets
Picking the right benchmark for VanEck High etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in VanEck High etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for VanEck High is critical whether you are bullish or bearish towards VanEck High Yield at a given time. Please also check how VanEck High's historical prices are related to one of the top price index indicators.
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How to buy VanEck Etf?
Before investing in VanEck High, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in VanEck High. To buy VanEck High etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of VanEck High. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase VanEck High etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located VanEck High Yield etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased VanEck High Yield etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as VanEck High Yield, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy VanEck Etf please use our How to Invest in VanEck High guide.
Already Invested in VanEck High Yield?
The danger of trading VanEck High Yield is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of VanEck High is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than VanEck High. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile VanEck High Yield is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether VanEck High Yield is a strong investment it is important to analyze VanEck High's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact VanEck High's future performance. For an informed investment choice regarding VanEck Etf, refer to the following important reports: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in VanEck High Yield. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
The market value of VanEck High Yield is measured differently than its book value, which is the value of VanEck that is recorded on the company's balance sheet. Investors also form their own opinion of VanEck High's value that differs from its market value or its book value, called intrinsic value, which is VanEck High's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because VanEck High's market value can be influenced by many factors that don't directly affect VanEck High's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between VanEck High's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck High is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck High's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.