XCCC: 3 Reasons Why I Would Avoid This High Yield ETF
Source: SeekingAlpha
2025-02-24 08:00:00 ET
Summary
- The BondBloxx CCC Rated High Yield Corporate Bond ETF (XCCC) offers investors exposure to CCC rated high yield bonds.
- CCC high yield bonds have historically delivered weak risk-adjusted returns due to their high realized volatility.
- Current credit spreads for CCC bonds are very tight compared to historical norms and could widen if interest rates move higher.
- I rate XCCC a Sell and prefer to focus on higher quality high yield bonds.
The BondBloxx CCC Rated High Yield Corporate Bond ETF ( XCCC ) is an ETF which offers investors exposure to CCC rated U.S. corporate high yield bonds. XCCC seeks to track the ICE CCC US Cash Pay High Yield Constrained index which caps exposure to any single issuer at 2%. ...
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XCCC: 3 Reasons Why I Would Avoid This High Yield ETF
BondBloxx CCC-Rated USD High Yield Corporate Bond ETF
NASDAQ: XCCC
XCCC Trading
0.04% G/L:
$36.5899 Last:
122,692 Volume:
$36.39 Open:
