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



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Upturn Advisory Summary
08/14/2025: SIHY (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type ETF | Historic Profit 12.36% | Avg. Invested days 63 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | ETF Returns Performance ![]() |
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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 |
Upturn AI SWOT
Harbor ETF Trust - Harbor Scientific Alpha High Yield ETF
ETF Overview
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.
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.
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
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
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.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
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.

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