SCYB - SCYB: Low Fees And High Quality High Yield Exposure
2024-02-12 21:20:50 ET
Summary
- 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.
- Historically, CCC rated bonds have offered weaker risk-adjusted returns compared to B and BB rated bonds.
- I rate SCYB a Buy and view it as an attractive way to get exposure to the high yield corporate bond market.
The Schwab High Yield Bond ETF (SCYB) is a relatively new high yield bond ETF which was launched in July 2023....
SCYB: Low Fees And High Quality High Yield Exposure