TCW High Yield Bond ETF
$28.68+0.01 (+0.02%)
- 0.50%
- $28M
- +2.4%
- 8.26%
- 0M sh
- $28.77
- low $28.43high $30.73
The ETF.net HYBX Grade
D
Score 26 out of 100
- 78 of 85
Score 26 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.D36 out of 100Rank 52 of 85Mission
Whether the fund did what it promised, tested against its stated mandate.F0 out of 100Rank 72 of 74Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D35 out of 100Rank 75 of 85Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F16 out of 100Rank 83 of 85Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B59 out of 100Rank 42 of 85Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C52 out of 100Rank 44 of 85
Our read on HYBX
DA 1989-vintage junk-bond fund that traded its mutual fund wrapper for an ETF in 2024. TCW picks bonds one issuer at a time, chasing income with fewer credit blowups than owning the whole high yield market.
The SEC filing identifies HYBX as an actively managed fixed-income ETF named TCW High Yield Bond ETF.
Why people hold it
- The record predates the wrapper: the predecessor TCW mutual fund dates to 1989 and its accounting and performance history carried into the ETF at the November 2024 conversion.tcw.com
- Active by design: at least 80% of net assets in high yield bonds, spread over roughly 300 positions chosen by bottom-up credit work rather than by index weight.sec.govtcw.com
- Income lands monthly, and TCW states the ETF carries lower expenses than the mutual fund it absorbed.tcw.com
Worth knowing
- At 0.50%, the fee runs above the typical high yield bond ETF, and index rivals like SPHY and SCYB charge a small fraction of it. Stock picking has to cover that gap.
- Small and thinly traded beside the index giants, which can mean wider bid-ask spreads and rougher fills when markets move fast.
- Junk is still junk: below-investment-grade credit reprices hard when the economy wobbles, and active selection does not remove default risk.sec.gov
HYBX Holdings
- Bonds
- 251
- 12%
- Tcw Central Cash Fund Tcw Central Cash Fund Inst
Sectors
- Health Care100.0%
Geography
- United States88.47%
- Canada2.59%
- Netherlands1.37%
- Italy1.23%
- United Kingdom1.13%
- Luxembourg1.05%
- Japan0.99%
- Cayman Islands0.84%
- 2.33%
HYBX Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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HYBX$10,238
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | HYBX |
|---|---|
| Year to date | +1.6% |
| 1 month | −1.8% |
| 3 months | −1.6% |
| 1 year | +2.4% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | HYBX |
|---|---|---|
| 2026 YTD | +1.6% | |
| 2025 | +6.3% | |
| 2024 | −0.1% |
HYBX in the news
HYBX Dividends
- 8.26%
- $2.37
- $0.18 per share
- Monthly
Distribution history
HYBX Risk
- 3.4%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.09
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −4.2%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.56
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
HYBX Cost
0.50%
HYBX0.50%
- The middle half of US High Yield funds
- Median 0.43%
53 of the 85 US High Yield funds charge less.
Other funds in US High Yield
- DMANIMan Active Income ETFExpense ratio 0.85%1 year return +9.2%
- DDYLDLeaderShares Dynamic Yield ETFExpense ratio 0.75%1 year return +1.4%
- DMUSETCW Multisector Credit Income ETFExpense ratio 0.56%1 year return +3.4%
- FPCHIPolen High Income ETFExpense ratio 0.66%1 year return +1.0%
- FJOJOATAC Credit Rotation ETFExpense ratio 1.49%1 year return −1.7%