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First Trust Tactical High Yield ETF (HYLS)

40.33 -0.01 (-0.02%)
At close: April 18 at 4:00 PM EDT

ETF Summary

Under normal market conditions, the fund invests at least 80% of its net assets (including investment borrowings) in high yield debt securities that are rated below investment grade at the time of purchase or unrated securities deemed by the fund's advisor to be of comparable quality.

Risk Overview

Performance & Risk

YTD Return -1.39%
5y Average Return 2.30%
Rank in Category (ytd) --
% Rank in Category (ytd) --
Beta (5Y Monthly) 0.88
Morningstar Risk Rating --

Risk Statistics

3 Years5 Years10 Years
HYLSCategory AverageHYLSCategory AverageHYLSCategory Average
Alpha 2.77 3.44 2.48 3.19 1.99 2.23
BETA 0.88 0.78 0.83 0.76 0.72 0.67
Mean Annual Return 0.1 0.2 0.28 0.34 0.3 0.32
R-squared 49.56 54.73 32.38 27.83 24.3 20.51
Standard Deviation 9.09 7.65 8.94 8.99 7.01 7.26
Sharpe Ratio -0.2 -0.06 0.13 0.23 0.3 0.34
Treynor Ratio -2.51 -0.88 0.94 2.39 2.66 3.51

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