BHYB Xtrackers USD High Yield BB-B ex Financials ETF

ETF

ETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

BHYB — —
Key stats
About

Xtrackers USD High Yield BB-B ex Financials ETF (BHYB) ETF

No description available.

Exchange
BATS
Inception
2023-10-26
Has Options
No
Fund profile
holdings as of May 31, 2026SEC filingthrough May 2026flows, SEC filings
Taxable Bond High Yield Bond#8 of 80 by assets Xtrackers Index-tracking
Expense ratio
0.20%
prospectus, filed Dec 18, 2025
Assets
$3.0B
shares × price, Oct 15, 2026
Trailing yield
6.40%
paid monthly
Average daily volume
$985K
30 sessions
Holdings
1,479
top 10 are 3.6%
Listed
Oct 26, 2023
Cboe BZX
Closure risk, 12 months
0.5%
low · model
Tracking difference
-0.08 pts
vs index, after fees, FY 2025
FrenzyCap ETF score
68
how it is built
Cost61
Liquidity33
Scale92
Diversification100

Moves with. Long Treasuries (39% of its variance, beta 0.29); US large-cap stocks (15% of its variance, beta 0.07); High yield over Treasuries (10% of its variance, beta 0.49). These factors explain 70% of its daily moves over the last year.

Stated objective. The fund seeks investment results that correspond generally to the performance, before fees and expenses, of the ICE BofA BB-B Non-FNCL Non-Distressed US HY Constrained Index. (from the fund's prospectus)

All 1,479 holdingsFlow historyOverlap toolAll High Yield Bond ETFs

Fund flows
through May 2026SEC filings
May 2026
+$350M
latest reported month
Latest 3 months
+$324M
+13.6% of assets
Latest 12 months
+$1.6B
+65.5% of assets
Jun 2025: +$19MJul 2025: +$22MJulAug 2025: +$266MSep 2025: $0SepOct 2025: +$35MNov 2025: $0NovDec 2025: +$389MJan 2026: +$396M+$396MJanFeb 2026: +$118MMar 2026: −$160M−$160MMarApr 2026: +$134MMay 2026: +$350MMay
View as a table
Net flows of BHYB by month, Jun 2025 to May 2026
MonthNet flow
May 2026+$350M
Apr 2026+$134M
Mar 2026−$160M
Feb 2026+$118M
Jan 2026+$396M
Dec 2025+$389M
Nov 2025$0
Oct 2025+$35M
Sep 2025$0
Aug 2025+$266M
Jul 2025+$22M
Jun 2025+$19M

Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 33 months ago

Similar funds
FundOverlapFeeAssets1Y
USHYiShares Broad USD High Yield Corporate Bond ETF—0.08%$25.4B−4.8%compare
HYGiShares iBoxx $ High Yield Corporate Bond ETF—0.49%$17.0B−4.2%compare
SPHYState Street SPDR Portfolio High Yield Bond ETF—0.05%$11.6B−4.9%compare
SHYGiShares 0-5 Year High Yield Corporate Bond ETF—0.30%$7.6B−4.0%compare
JNKState Street SPDR Bloomberg High Yield Bond ETF—0.40%$5.7B−4.5%compare

The largest other funds in the High Yield Bond category.

Under the hood
fiscal year to Aug 31, 2025SEC census
Authorized participants
2 active
of 23 with agreements; top 3 did 100%
Created · redeemed
$485M · $5.4M
over the fiscal year
Redemptions in kind
100%
creations 100% in kind
Creation unit
50,000
shares
Securities lending
5.33%
of assets on loan on average; earned 4.3 bp
Return vs index
-0.08 pts
after fees; +0.12 before; daily s.d. 0.38
Diversification status
Non-diversified
may concentrate in fewer issuers

From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.

ETF Profile
holdings as of 2026-05-31
Holdings
1479
AUM
$2.5B
Provider
Nport
Inception
2023-10-26
Exchange
BATS
Data As Of
2026-05-31
Expense Ratio
0.20%
Dividend Yield
6.40%
Distribution
Monthly
Recent distributions
Ex-Date Pay Date Amount Type
2026-10-01 2026-10-08 $0.2832 CD
2026-09-01 2026-09-09 $0.2676 CD
2026-08-03 2026-08-10 $0.2700 CD
2026-07-01 2026-07-09 $0.2849 CD
2026-06-01 2026-06-08 $0.2732 CD
2026-05-01 2026-05-08 $0.2580 CD
Asset Allocation
Top Holdings
top 50 of 1479 holdings
Symbol Name Weight % Asset Class Country
— DWS GOVERNMENT AND AGENCY SECURITIES PORTFOLIO DWS GOVERNMENT CASH INSTITUTIONAL SHARES 3.93% Short-term investment US
— DWS GOVERNMENT MONEY MARKET SERIES INSTITUTIONAL SHARES 0.98% Short-term investment US
— 1261229 B.C. LTD 0.51% Debt CA
— MERIDIAN ARC HOLDCO LLC 0.48% Debt US
— ECHOSTAR CORP 0.47% Debt US
— PR RNO PROPERTY OWNER 1 LLC 0.38% Debt US
— QUIKRETE HOLDINGS INC 0.33% Debt US
— SV RNO PROPERTY OWNER 1 LLC 0.31% Debt US
— CLOUD SOFTWARE GROUP HOLDINGS INC 0.31% Debt US
— CLOUD SOFTWARE GROUP INC 0.29% Debt US
— NEXSTAR MEDIA GROUP INC 0.28% Debt US
— CORE SCIENTIFIC FINANCE I LLC 0.28% Debt US
— WULF COMPUTE LLC 0.28% Debt US
— VENTURE GLOBAL LNG INC 0.27% Debt US
— AADVANTAGE LOYALTY IP LTD / AMERICAN AIRLINES INC 0.27% Debt KY
— CENTENE CORP 0.26% Debt US
— CARNIVAL CORP LTD 0.25% Debt BM
— OAK-EAGLE ACQUIRECO INC 0.25% Debt US
— COREWEAVE INC 0.24% Debt US
— EMRLD BORROWER LP 0.23% Debt US
— CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL CORP 0.23% Debt US
— TRANSDIGM INC 0.23% Debt US
— 1011778 B.C. ULC / NEW RED FINANCE INC 0.23% Debt CA
— DISCOVERY GLOBAL HOLDINGS INC 0.22% Debt US
— DAVITA INC 0.22% Debt US
— NEPTUNE BIDCO US INC 0.22% Debt US
— TRANSDIGM INC 0.22% Debt US
— ECHOSTAR CORP 0.22% Debt US
— CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL CORP 0.22% Debt US
— MAUSER PACKAGING SOLUTIONS HOLDING COMPANY 0.22% Debt US
— OAK-EAGLE ACQUIRECO INC 0.22% Debt US
— MEDLINE BORROWER LP 0.22% Debt US
— CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL CORP 0.21% Debt US
— LEVEL 3 FINANCING INC 0.21% Debt US
— CARVANA COMPANY 0.21% Debt US
— BEACH ACQUISITION BIDCO LLC 0.21% Debt US
— NISSAN MOTOR CO LTD 0.20% Debt JP
— APLD COMPUTECO LLC 0.20% Debt US
— ULTIMATE KRONOS GROUP INC 0.20% Debt US
— NISSAN MOTOR CO LTD 0.20% Debt JP
— CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL CORP 0.20% Debt US
— NRG ENERGY INC 0.20% Debt US
— ALLIED UNIVERSAL HOLDCO LLC / ALLIED UNIVERSAL FINANCE CORP 0.20% Debt US
— VENTURE GLOBAL LNG INC 0.20% Debt US
— CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL CORP 0.20% Debt US
— STAPLES INC 0.20% Debt US
— VENTURE GLOBAL LNG INC 0.20% Debt US
— UNITI SERVICES LLC / WINDSTREAM FINANCE CORP 0.19% Debt US
— QXO INC 0.19% Debt US
— TRANSDIGM INC 0.19% Debt US
Non-Equity Breakdown
Xtrackers USD High Yield BB-B ex Financials ETF · NPORT-P period 2026-05-31 (filed 2026-07-29)
Net assets: $2.39B · 1479 total positions · equity 0.00% · non-equity 102.57%
Non-equity holdings — 1479 positions, 102.57% of NAV
Category Weight Value Positions
Corporate 97.58% $2.34B 1475
Short-term investment 4.91% $117.5M 2
Registered Fund 0.08% $1.8M 2
Chart
Seasonality
'23'24'25'26Avg
Jan--0.62%1.03%0.54%0.73%
Feb---0.44%0.99%0.27%0.27%
Mar--0.80%-0.68%-0.97%-0.28%
Apr---0.79%-0.12%1.25%0.11%
May--0.82%1.52%0.42%0.92%
Jun--0.41%1.82%0.29%0.84%
Jul--1.99%0.16%-0.06%0.70%
Aug--0.87%1.17%0.64%0.89%
Sep--1.64%1.24%-2.26%0.21%
Oct0.53%-0.85%0.01%0.21%*-0.02%
Nov3.66%1.43%1.01%--2.03%
Dec1.95%-1.61%0.07%--0.14%
Total6.24%4.93%8.50%0.29%4.99%
* Only 4 year(s) of data available.
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $52.61
SMA 50: $53.33
SMA 200: $54.02
Current: $52.32
EMA 12: $52.50
EMA 26: $52.77
MACD: -0.2722 | Signal: 0.0286
BEARISH
ADX (14): 28.89
TREND
+DI: 32.60
−DI: 57.87

Momentum Oscillators

RSI (14): 33.92
NEUTRAL
Stoch %K: 52.35
Stoch %D: 49.72
Williams %R: -49.57

Volume & Volatility

BB Upper: $53.31
BB Lower: $51.91
NEUTRAL
OBV: 7,274,261
Vol SMA 20: 27,746
Vol ROC: 53.57%
ATR: $0.14
True Range: $0.16
HV 20: 4.6%
HV 30: 4.2%
HV 60: 3.9%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-10-18T00:00:00 – 2026-10-16T00:00:00
AI Analysis

LLM Stock Analysis Report

SYMBOL: BHYB

Executive Summary: Overall assessment: NEUTRAL (confidence level: 6/10) Key drivers and primary risks: * Trend direction: Range-bound * Support/resistance levels: $54.07 (SMA 50), $54.45 (SMA 200), $53.78 (Lower Bollinger Band) * Momentum signals: Bearish MACD, neutral RSI * Volume analysis: Low volume, negative OBV, low volatility

Technical Analysis:

Trend Direction:

  • Short-term: Range-bound (1-4 weeks)
  • Medium-term: Neutral (1-3 months)
  • Long-term: Uptrend (3-12 months)

Support/Resistance Levels:

  • SMA 50: $54.07
  • SMA 200: $54.45
  • Lower Bollinger Band: $53.78

Momentum Signals:

+ RSI (14): 50.61 (neutral)
+ MACD: -0.06 / Signal: -0.01 / Histogram: -0.05 (bearish)

Volume Analysis:

  • Volume SMA 20: 195784.60
  • On-Balance Volume (OBV): -4213961.54 (negative)
  • Volume Rate of Change: -94.74% (low volatility)

News & Sentiment Analysis: Recent Headlines Summary: None available due to lack of recent news. Sentiment Assessment: Neutral (no significant market narrative) Catalyst Identification: No upcoming events or product launches Market Narrative: Range-bound with low volatility

Risk & Volatility Assessment:

Beta Interpretation:

Beta: 0.21 (vs SPY) - Low risk relative to the market

Volatility Regime:

Current vs historical volatility levels: Low volatility, below average

Options Market Signals:

IV Premium vs HV30: N/A (positive = implied richer than realized)

Downside Protection:

Support levels: $54.07 (SMA 50), $53.78 (Lower Bollinger Band) Risk management considerations: Stop-loss levels and position sizing considerations

Market Context & Positioning:

Sector Performance:

Relative strength vs sector/market: Neutral Institutional Activity: Low volume, no significant institutional interest Correlation Analysis: Stock moves less than the market (R-squared interpretation)

Relative Valuation:

Position within trading range: Near the lower end of a neutral range

Key Levels & Action Items:

  • Critical Price Levels: $54.07 (SMA 50), $53.78 (Lower Bollinger Band)
  • Breakout/Breakdown Levels: $54.45 (SMA 200), $55.00 (upper Bollinger Band)
  • Time-Sensitive Catalysts: No significant upcoming events or product launches
  • Risk Management: Stop-loss levels and position sizing considerations

Confidence Level: 6/10 (based on data quality and signal clarity)

This report provides a comprehensive analysis of the stock, including technical indicators, options metrics, beta analysis, market data, and recent news headlines. The overall assessment is NEUTRAL, indicating that the stock is range-bound with low volatility. The trend direction is neutral in the short-term and medium-term, but trending upwards in the long-term. The momentum signals are bearish, while the volume indicators suggest low volatility. The risk assessment indicates a low risk relative to the market, with support levels at $54.07 (SMA 50) and $53.78 (Lower Bollinger Band).

Generated
News
All BHYB news →

BHYB Options Activity & IV Rank

Loading options activity...
Spread Scanner GPU
Full Algorithm Docs ↗

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d —
— pts EXTREME
ATM — / Wing —
30 DTE / 10d —
— pts EXTREME
ATM — / Wing —

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis

Risk Metrics

Beta: 0.1870
Alpha: -6.86%
Correlation: 0.6238
R-Squared: 38.9%
Stock Volatility: 3.8%
Market Volatility: 12.7%

Analysis Details

Benchmark: SPY
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Beta & Alpha Over Time

BHYB Institutional Ownership (13F)

Latest filings — 2026-06-30

Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.

  • Shares — long equity positions in this name, aggregated across share classes.
  • Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
  • % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
  • Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.

Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.

5 filers48,153,537 shares$2.61B value
# Filer Shares Value % of Total % of Float Period
1 American Family Investments, Inc. 48,109,589 $2.61B 99.91% — 2026-06-30
2 Jane Street Group, LLC Custodian 24,559 $1.33M 0.05% — 2026-06-30
3 UBS Group AG Custodian 13,599 $737.75K 0.03% — 2026-06-30
4 Goldman Sachs Group Inc Custodian 5,690 $308.68K 0.01% — 2026-06-30
5 Barclays PLC Custodian 100 $5.42K <0.01% — 2026-06-30
# Filer Notional Value % of Total Period
# Filer Notional Value % of Total Period
Constituent Performance

Click any bar to view the full quote for that stock.

Constituents
Symbol Name Weight % Price 1 Day 1 Week 1 Month