Harbor Ares Systematic High Yield ETF (SIHY)
$44.70−0.33 (−0.73%)
- Expense ratio
- 0.48%
- Fund size
- $158M
- 1Y return
- +3.8%
- Yield · Last 12 months
- 7.02%
- Holdings
- 287
- Volume · 30D
- 0M sh
- NAV per share
- $44.97
- 52W range
The ETF.net SIHY Grade
Score 56 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.CScore 41Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 87Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 42Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 43Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 68Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 52Category rank
Our read on SIHY
BMost high yield ETFs just clone the index. SIHY hands the junk bond picking to a machine: Ares Systematic Credit runs a model-driven process across roughly 300 below-investment-grade bonds, and pays monthly.
The ETF commits at least 80% of its net assets, plus investment-purpose borrowings, to below-investment-grade corporate bonds or equivalent unrated securities; derivatives may represent those investments.
Why people hold it
- Genuinely active in a mostly passive corner: a proprietary, model-based framework drives bond-by-bond selection instead of index replication.harborcapital.com
- Tight mandate, real diversification: at least 80% of net assets in below-investment-grade corporate bonds or unrated equivalents, spread across roughly 300 positions.
- Live since 2021 with a monthly distribution cadence, so the strategy has a multi-year record in the market rather than a backtest.
- The portfolio has stayed closely aligned with the mandate written in its prospectus, which is not a given among active credit funds.
Worth knowing
- Active pricing: 0.48% a year, above the 0.40% category median and many times the 0.03% and 0.05% charged by index rivals SCYB and SPHY.
- Thinly traded and small by category standards, so bid-ask spreads can be wider and large orders can move the price.
- High yield means default and downgrade risk, and a model-picked portfolio can diverge from the index in either direction.
SIHY Holdings
- Bonds
- 287
- 12%
- CARVANA CO 9.00% 06/01/2031
Geography
- United States89.24%
- Canada6.77%
- Singapore1.07%
- Ireland1.03%
- United Kingdom0.92%
- Italy0.49%
- Netherlands0.41%
- Japan0.07%
SIHY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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 | SIHY |
|---|---|
| Year to date | +2.7% |
| 1 month | +0.0% |
| 3 months | +0.1% |
| 1 year | +3.8% |
| 3 years | +9.1% |
| 5 years | +4.8% |
| 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 | SIHY |
|---|---|---|
| 2026 YTD | +2.7% | |
| 2025 | +8.1% | |
| 2024 | +8.7% | |
| 2023 | +13.3% | |
| 2022 | −7.7% | |
| 2021 | −0.0% |
SIHY in the news
ETF.net Research hasn’t filed on SIHY yet — coverage lands here as it’s written.
SIHY Dividends
- 7.02%
- $3.16
- $0.23 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 4, 2026 | $0.23 |
| Aug 3, 2026 | Aug 6, 2026 | $0.25 |
| Jul 1, 2026 | Jul 7, 2026 | $0.20 |
| Jun 1, 2026 | Jun 4, 2026 | $0.23 |
| May 1, 2026 | May 6, 2026 | $0.21 |
| Apr 1, 2026 | Apr 7, 2026 | $0.24 |
| Mar 2, 2026 | Mar 5, 2026 | $0.22 |
| Feb 2, 2026 | Feb 5, 2026 | $0.23 |
| Dec 19, 2025 | Dec 24, 2025 | $0.56 |
| Dec 2, 2025 | Dec 5, 2025 | $0.26 |
| Nov 4, 2025 | Nov 7, 2025 | $0.28 |
| Oct 1, 2025 | Oct 6, 2025 | $0.24 |
SIHY Risk
- 5.1%
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.
- 0.78
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.
- −13.3%
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.
- 0.68
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SIHY Cost
- The middle half of US High Yield funds
- Median 0.43%
48 of the 84 US High Yield funds charge less.