the "junk bond index" is down less than 1% today which closely follows ncv's nav....yet ncv is down more than 5%!!!.....pick some up today sub $6.40! at a .50 cent or more discount to ncv's actual holdings!
yes but, to be fair, JNK is always less volatile than NCV. Using the Compare function in Yahoo finance the YTD performace of NCV is 40% today (it was 60% a few days ago), while JNK is only up 8-9%. On the downside, in March, NCV underperformed JNK (-30% vs -20%).
What really should be compared (but is not possible in yahoo finance) is XNCVX and JNK (or, even better, a non tradable junk bond index). Unfortunately XNCVX cannot be plotted in YF (you get the plot of NCV in disguise instead). Has anybody kept a daily log of XNCVX in Excel form, so we can really see the correlation of XNCVX to JNK or to anything else?
Be careful of catching a falling knife. I thought that this was a great buy at $6.85 on Monday. Now, the way it is falling, I'm wondering if there is some inside information that we don't know about that is causing this selloff.