Fixed-income ETFs ranked by second quarter performance

Need Deck<i>InvestmentNews</i> Research sorts exchange-traded funds by returns, flows and trading volume.

AUG 18, 2018

By Ellie Zhu

Ranked by quarterly returns

	Name/ticker	3-month return	1-year return	Net assets ($M)	Expense ratio*	3-month average daily volume
1	Invesco DB US Dollar Index Bullish Fund (UUP)	5.72%	0.98%	$509.30	0.75%	1,227,490
2	WisdomTree Bloomberg US Dollar Bullish Fund (USDU)	5.45%	1.13%	$82.40	0.50%	35,963
3	VanEck Vectors Preferred Secs ex Finls ETF (PFXF)	3.10%	2.90%	$527.10	0.41%	93,673
4	ProShares Inflation Expectations ETF (RINF)	2.89%	10.15%	$10.80	0.30%	3,883
5	First Trust CEF Income Opportunity ETF (FCEF)	2.87%	6.06%	$41.30	2.78%	13,261
6	QUANTX Risk Managed Real Return ETF (QXRR)	2.51%	5.19%	$7.50	1.23%	247
7	VanEck Vectors High-Yield Municipal Index ETF (HYD)	2.33%	5.96%	$2,670.20	0.35%	616,786
8	SPDR Nuveen S&P High Yield Municipal Bond ETF (HYMB)	2.07%	2.53%	$531.50	0.45%	5,300
9	Peritus High Yield ETF (HYLD)	2.01%	8.22%	$176.30	1.25%	31,797
10	Xtrackers High Beta High Yield Bond ETF (HYUP)	1.96%	N/A	$146.20	0.35%	515
11	ProShares High Yield-Interest Rate Hedged (HYHG)	1.90%	3.72%	$169.30	0.50%	10,730
12	VanEck Vectors Short High-Yield Muni Index ET (SHYD)	1.82%	3.55%	$161.50	0.35%	40,931
13	PIMCO 15+ Year US TIPS Index Exchange-Traded Fund (LTPZ)	1.81%	5.89%	$254.70	0.20%	3,101
14	Global X SuperIncome Preferred ETF (SPFF)	1.80%	0.16%	$203.20	0.58%	63,588
15	iShares US Preferred Stock ETF (PFF)	1.70%	1.59%	$16,425.20	0.47%	2,061,671
16	WisdomTree Fundamental US Short-Term HY Corp Bd (SFHY)	1.66%	3.28%	$5.00	0.38%	2,058
17	Invesco BulletShares 2023 Hi Yld Corp Bd ETF (BSJN)	1.55%	2.90%	$106.60	0.42%	23,926
18	First Trust Municipal CEF Income Opportunity ETF (MCEF)	1.53%	-1.50%	$13.40	2.11%	2,214
19	Invesco BulletShares 2025 Hi Yld Bd ETF (BSJP)	1.51%	N/A	$21.70	0.42%	9,110
20	PIMCO 25+ Year Zero Coupon US Treasury Index ETF (ZROZ)	1.42%	1.08%	$164.00	0.15%	2,632
21	Xtrackers Short Duration High Yield Bond ETF (SHYL)	1.39%	N/A	$37.00	0.20%	8,475
22	iShares 0-5 Year High Yield Corporate Bond ETF (SHYG)	1.33%	3.19%	$2,446.60	0.30%	1,106,249
23	SPDR Bbg Barclays Short Term High Yield Bond ETF (SJNK)	1.33%	3.30%	$3,560.90	0.40%	2,105,543
24	First Trust Municipal High Income ETF (FMHI)	1.33%	N/A	$27.60	0.55%	3,020
25	iShares Interest Rate Hedged High Yield Bond ETF (HYGH)	1.29%	4.26%	$330.60	0.54%	29,780
26	iShares iBoxx $ High Yield Corporate Bond ETF (HYG)	1.28%	1.83%	$14,036.40	0.49%	12,929,855
27	PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS)	1.28%	3.17%	$1,666.20	0.55%	117,233
28	Eaton Vance TABS 5-15 Yr Laddered Muni Bd NxtShs (EVLMC)	1.27%	1.62%	$7.00	0.35%	183
29	Eaton Vance Oaktree Diversified Credit NextShares (OKDCC)	1.23%	N/A	$51.40	0.90%	5,540
30	Invesco California AMT-Free Municipal Bond ETF (PWZ)	1.22%	2.30%	$251.10	0.28%	47,267
31	First Trust Strategic Income ETF (FDIV)	1.21%	0.68%	$83.30	0.88%	10,249
32	Xtrackers USD High Yld Corporate Bd ETF (HYLB)	1.20%	1.76%	$1,598.20	0.20%	605,715
33	SPDR Wells Fargo Preferred Stock ETF (PSK)	1.18%	1.34%	$582.30	0.45%	83,760
34	WisdomTree Interest Rate Hedged High Yield Bond Fd (HYZD)	1.17%	4.65%	$260.70	0.43%	133,148
35	Xtrackers Hi Yield Corp Bd - IR Hdg ETF (HYIH)	1.17%	3.48%	$4.50	0.35%	1,558
36	Invesco BulletShares 2022 Hi Yld Corp Bd ETF (BSJM)	1.14%	2.39%	$208.30	0.42%	44,293
37	Invesco BulletShares 2021 Hi Yld Corp Bd ETF (BSJL)	1.14%	3.21%	$403.70	0.42%	117,156
38	Global X US Preferred ETF (PFFD)	1.14%	N/A	$108.40	0.23%	65,381
39	iShares iBoxx $ High Yld ex Oil & Gas Corp Bd ETF (HYXE)	1.13%	1.42%	$10.00	0.50%	292
40	Goldman Sachs Access High Yield Corporate Bond ETF (GHYB)	1.09%	N/A	$46.00	0.34%	2,920

Largest inflows

	Name/ticker	3-month estimated net flows ($M)	3-month return	1-year return	Net assets ($M)	Expense ratio*
1	iShares Short Treasury Bond ETF (SHV)	$3,607.7	0.42%	1.14%	$14,938.4	0.15%
2	iShares Floating Rate Bond ETF (FLOT)	$2,511.1	0.65%	1.93%	$10,398.2	0.20%
3	Schwab US TIPS ETF (SCHP)	$2,217.6	0.76%	2.05%	$5,437.5	0.05%
4	iShares iBoxx $ Inv Grade Corporate Bond ETF (LQD)	$1,887.0	-1.37%	-1.64%	$33,162.3	0.15%
5	iShares 1-3 Year Treasury Bond ETF (SHY)	$1,809.5	0.19%	-0.09%	$13,310.8	0.15%
6	Vanguard Mortgage-Backed Secs Idx Fund;ETF (VMBS)	$1,654.5	0.21%	-0.01%	$6,758.9	0.07%
7	Schwab Intermediate-Term US Treasury ETF (SCHR)	$1,443.4	-0.06%	-1.34%	$2,767.3	0.06%
8	Vanguard Short-Term Bond Index Fund;ETF (BSV)	$1,112.1	0.16%	-0.25%	$25,494.7	0.07%
9	iShares US Treasury Bond ETF (GOVT)	$1,073.4	0.08%	-0.81%	$6,539.5	0.15%
10	iShares 20+ Year Treasury Bond ETF (TLT)	$1,034.6	0.41%	0.03%	$7,309.9	0.15%
11	iShares JPMorgan USD Emerging Markets Bond ETF (EMB)	$1,031.8	-4.19%	-2.75%	$12,403.8	0.40%
12	iShares Core US Aggregate Bond ETF (AGG)	$1,023.5	-0.16%	-0.47%	$55,285.3	0.05%
13	JPMorgan Ultra-Short Income ETF (JPST)	$1,018.7	0.63%	1.85%	$1,301.8	0.18%
14	SPDR Bbg Barclays Invest Grade Floating Rate ETF (FLRN)	$992.8	0.67%	2.01%	$3,430.1	0.15%
15	PIMCO Enhanced Short Maturity Active Exch Tr (MINT)	$824.7	0.55%	1.70%	$9,410.1	0.35%
16	SPDR Blackstone/GSO Senior Loan ETF (SRLN)	$686.2	0.32%	3.43%	$3,189.2	0.70%
17	SPDR Portfolio Aggregate Bond ETF (SPAB)	$657.4	-0.21%	-0.52%	$2,994.0	0.04%
18	iShares National Muni Bond ETF (MUB)	$653.8	0.83%	1.12%	$9,859.9	0.07%
19	Vanguard Tax-Exempt Bond Index Fund;ETF (VTEB)	$631.1	0.85%	1.34%	$3,276.5	0.09%
20	SPDR Bloomberg Barclays High Yield Bond ETF (JNK)	$609.1	0.83%	1.23%	$9,506.2	0.40%

Largest outflows

	Name/ticker	3-month estimated net flows ($M)	3-month return	1-year return	Net assets ($M)	Expense ratio*
1	Vanguard Intermediate-Term Bond Index Fund;ETF (BIV)	-$1,393.7	-0.29%	-1.39%	$13,648.0	0.07%
2	iShares 0-5 Year High Yield Corporate Bond ETF (SHYG)	-$1,231.0	1.33%	3.19%	$2,446.6	0.30%
3	VanEck Vectors JP Morgan EM Local Currency Bd ETF (EMLC)	-$881.4	-11.00%	-4.28%	$4,260.9	0.30%
4	SPDR Bbg Barclays Short Term High Yield Bond ETF (SJNK)	-$582.6	1.33%	3.30%	$3,560.9	0.40%
5	Invesco Emerging Markets Sovereign Debt ETF (PCY)	-$581.7	-4.63%	-5.23%	$4,135.8	0.50%
6	iShares TIPS Bond ETF (TIP)	-$462.5	0.78%	2.01%	$24,100.8	0.20%
7	iShares Intermediate Credit Bond ETF (CIU)	-$266.6	-0.13%	-0.54%	$6,885.3	0.06%
8	iShares MBS ETF (MBB)	-$240.1	0.22%	-0.08%	$11,985.0	0.09%
9	iShares US Preferred Stock ETF (PFF)	-$217.2	1.70%	1.59%	$16,425.2	0.47%
10	Invesco Senior Loan ETF (BKLN)	-$178.2	0.33%	2.88%	$7,834.8	0.65%
11	PIMCO Investment Grade Corporate Bond Index ETF (CORP)	-$166.9	-0.99%	-1.12%	$756.1	0.49%
12	iShares 10+ Year Credit Bond ETF (CLY)	-$159.0	-2.69%	-1.44%	$533.9	0.06%
13	SPDR DoubleLine Total Return Tactical ETF (TOTL)	-$150.3	-0.03%	0.06%	$3,182.8	0.55%
14	PIMCO 1-5 Year US TIPS Index Exchange-Traded Fund (STPZ)	-$127.1	0.46%	1.01%	$831.7	0.20%
15	SPDR Bbg Barclays Emerging Markets Local Bond ETF (EBND)	-$121.6	-9.39%	-3.03%	$519.9	0.40%
16	SPDR Nuveen Bbg Barclays Short Term Mun Bond ETF (SHM)	-$105.1	0.59%	-0.05%	$3,654.1	0.20%
17	Virtus Newfleet Dynamic Credit ETF (BLHY)	-$105.1	0.42%	2.97%	$83.5	0.71%
18	SPDR Bbg Barclays Intermediate Term Treasury ETF (ITE)	-$99.9	0.22%	-0.67%	$581.1	0.10%
19	SPDR Bbg Barclays International Corporate Bond ETF (IBND)	-$90.6	-5.35%	2.71%	$230.3	0.50%
20	Virtus Newfleet Multi-Sector Bond (NFLT)	-$87.3	-1.19%	0.36%	$116.1	0.80%

New launches Ranked by average daily trading volume for Q2

	Name/ticker	Classification	3-month average daily volume	Expense ratio*
1	Principal Investment Grade Corporate Active ETF (IG)	Core Plus Bond Funds	286,445	0.26%
2	Franklin Liberty Senior Loan ETF (FLBL)	Loan Participation Funds	166,034	0.45%
3	Hartford Short Duration ETF (HSRT)	Short Investment Grade Debt Funds	163,513	0.29%
4	Franklin Liberty International Aggregate Bond ETF (FLIA)	International Income Funds	27,626	0.35%
5	Virtus InfraCap US Preferred Stock ETF (PFFA)	Flexible Income Funds	4,847	1.36%
6	Fidelity Low Duration Bond Factor ETF (FLDR)	Short-Intmdt Investment Grade Debt Funds	4,492	0.15%
7	PGIM Ultra Short Bond ETF (PULS)	Ultra-Short Obligations Funds	4,165	0.15%
8	Fidelity High Yield Factor ETF (FDHY)	High Yield Funds	2,391	0.45%
9	ProShares S&P 500 Bond ETF (SPXB)	Short Investment Grade Debt Funds	1,412	0.15%
10	Hartford Schroders Tax-Aware Bond ETF (HTAB)	General & Insured Municipal Debt Funds	961	0.39%
11	iShares Inflation Hedged Corporate Bond ETF (LQDI)	Inflation Protected Bond Funds	808	0.20%
12	First Trust TCW Unconstrained Plus Bond ETF (UCON)	Alternative Credit Focus Funds	600	0.75%
13	Franklin Liberty High Yield Corporate ETF (FLHY)	High Yield Funds	176	0.40%

One-year anniversary Ranked by average daily trading volume for Q2

	Name/ticker	3-month average daily volume	3-month return	1-year return	Net assets ($M)	Expense ratio*
1	JPMorgan Ultra-Short Income ETF (JPST)	353,944	0.63%	1.85%	$1,301.8	0.18%
2	FormulaFolios Tactical Income ETF (FFTI)	42,671	-0.69%	-0.90%	$177.2	1.00%
3	Goldman Sachs Access Investment Grade Corp Bd ETF (GIGB)	31,137	-1.05%	-1.20%	$251.7	0.14%
4	iShares iBonds Dec 2023 Term Muni Bond ETF (IBML)	18,216	0.98%	-0.23%	$74.9	0.18%
5	JPMorgan Global Bond Opportunities ETF (JPGB)	12,056	-1.35%	0.66%	$173.8	0.55%
6	WisdomTree Yield Enhanced US Sh-Tr Aggregate Bond (SHAG)	4,690	0.16%	-0.32%	39	0.12%
7	First Trust California Municipal High Income ETF (FCAL)	1,585	0.90%	3.32%	$15.0	0.50%

Source: Lipper, a Thomson Reuters company. As of June 30. Excludes leveraged and inverse funds, and exchange-traded notes. *Most recently reported net prospectus expense ratio. N/A = Not available.