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SIHY
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Harbor ETF Trust - Harbor Scientific Alpha High Yield ETF (SIHY)

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$45.83
Last Close (24-hour delay)
Profit since last BUY3.29%
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BUY since 65 days
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Upturn Advisory Summary

08/14/2025: SIHY (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Analysis of Past Performance

Type ETF
Historic Profit 12.36%
Avg. Invested days 63
Today’s Advisory Consider higher Upturn Star rating
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Upturn Advisory Performance Upturn Advisory Performance 3.0
ETF Returns Performance Upturn Returns Performance 3.0
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Upturn Profits based on simulationUpturn Profits based on simulation Last Close 08/14/2025

Key Highlights

Volume (30-day avg) -
Beta 0.78
52 Weeks Range 41.89 - 45.99
Updated Date 06/29/2025
52 Weeks Range 41.89 - 45.99
Updated Date 06/29/2025

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Harbor ETF Trust - Harbor Scientific Alpha High Yield ETF

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ETF Overview

overview logo Overview

The Harbor Scientific Alpha High Yield ETF (HHY) seeks to provide current income with a secondary objective of capital appreciation. The fund invests primarily in a diversified portfolio of high-yield corporate bonds and other debt instruments, utilizing a proprietary scientific alpha investment approach to identify securities with attractive risk-adjusted return potential.

reliability logo Reputation and Reliability

Harbor Capital Advisors has a solid reputation, offering a range of actively managed investment solutions. They are known for their focus on research-driven strategies.

reliability logo Management Expertise

The management team utilizes a quantitative approach, leveraging their experience in fixed income markets and employing a scientific process to identify high-yield opportunities.

Investment Objective

overview logo Goal

To seek current income with a secondary objective of capital appreciation.

Investment Approach and Strategy

Strategy: The fund uses a scientific alpha approach to select high-yield corporate bonds and other debt instruments. It does not track a specific index.

Composition Primarily invests in high-yield corporate bonds, with potential allocation to other debt instruments. Its allocation is active and varies based on the scientific algorithm's output.

Market Position

Market Share: HHY's market share is relatively small compared to major high-yield ETFs.

Total Net Assets (AUM): 23881574

Competitors

overview logo Key Competitors

  • iShares iBoxx High Yield Corporate Bond ETF (HYG)
  • SPDR Bloomberg High Yield Bond ETF (JNK)
  • VanEck High Yield Muni ETF (HYD)

Competitive Landscape

The high-yield ETF market is highly competitive with well-established players like HYG and JNK dominating in AUM. HHY differentiates itself through its proprietary quantitative investment strategy. The advantages are potential for outperformance via active management but the disadvantages are higher fees and reliance on the model's efficacy.

Financial Performance

Historical Performance: Historical performance data needs to be retrieved from financial data providers. This includes tracking the ETF's returns over 1, 3, 5, and 10-year periods, where available.

Benchmark Comparison: Compare the ETF's performance against a broad high-yield bond index, such as the Bloomberg Barclays U.S. Corporate High Yield Bond Index.

Expense Ratio: 0.54

Liquidity

Average Trading Volume

The average trading volume is relatively low, which could impact the ease of buying or selling shares.

Bid-Ask Spread

The bid-ask spread can fluctuate but is generally wider than more liquid high-yield ETFs, reflecting its lower trading volume.

Market Dynamics

Market Environment Factors

Economic growth, interest rate movements, credit spreads, and overall risk sentiment influence HHY's performance. Strong economic conditions can support high-yield bonds, while recessions and rising interest rates may negatively impact them.

Growth Trajectory

HHY's growth depends on its ability to attract assets through demonstrated outperformance and effective marketing of its scientific alpha investment approach. There have been no reported changes to the strategy and holdings.

Moat and Competitive Advantages

Competitive Edge

HHY's competitive advantage lies in its proprietary scientific alpha approach, which aims to identify high-yield bonds with attractive risk-adjusted returns. This quantitative methodology distinguishes it from passively managed high-yield ETFs. The active management may allow for superior security selection and risk management. However, the success of this approach depends heavily on the effectiveness of the underlying algorithms and the ability of the management team to adapt to changing market conditions.

Risk Analysis

Volatility

HHY's volatility is influenced by the high-yield market, which is inherently more volatile than investment-grade bonds. Changes in credit spreads and interest rates can significantly impact its value.

Market Risk

Specific risks include credit risk (the risk of default by issuers), interest rate risk (the risk that rising interest rates will decrease the value of the bonds), and liquidity risk (the risk that the ETF may have difficulty selling its holdings).

Investor Profile

Ideal Investor Profile

Investors seeking higher current income and are comfortable with the higher level of risk associated with high-yield bonds. This includes individuals and institutions looking for diversification within their fixed-income portfolio.

Market Risk

HHY is suitable for long-term investors willing to accept some volatility in pursuit of higher yields but less appropriate for risk-averse investors or short-term traders due to high-yield bondsu2019 sensitivity to market conditions.

Summary

The Harbor Scientific Alpha High Yield ETF (HHY) offers exposure to the high-yield corporate bond market through a unique scientific alpha investment strategy. It aims to provide current income with secondary objective of capital appreciation. Its performance hinges on the efficacy of its quantitative model and the active management style. While HHY distinguishes itself through its proprietary approach, potential investors should consider its relatively small AUM and lower liquidity and ensure it aligns with their risk tolerance.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Harbor Capital Advisors Website
  • ETF.com
  • Morningstar
  • Bloomberg

Disclaimers:

This analysis is based on available data and does not constitute financial advice. Past performance is not indicative of future results. Investors should conduct their own due diligence before making investment decisions.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Harbor ETF Trust - Harbor Scientific Alpha High Yield ETF

Exchange NYSE ARCA
Headquaters -
IPO Launch date -
CEO -
Sector -
Industry -
Full time employees -
Website
Full time employees -
Website

Under normal market conditions, the fund invests at least 80% of its net assets, plus borrowings for investment purposes, in a portfolio of below investment-grade corporate bonds, commonly referred to as "high yield" or "junk" bonds, or unrated securities that BlueCove Limited considers to be of an equivalent credit quality, which may be represented by derivative instruments, including futures and swaps. The fund invests primarily in U.S. dollar denominated securities, including those of foreign issuers.