T. Rowe Price U.S. High Yield ETF
$49.95−0.12 (−0.24%)
- 0.50%
- $827M
- +3.3%
- 6.95%
- 0M sh
- $49.79
- low $49.50high $52.80
The ETF.net THYF Grade
C
Score 52 out of 100
- 51 of 85
Score 52 of 100 falls in the C 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.A92 out of 100Rank 36 of 74Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C54 out of 100Rank 38 of 85Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D26 out of 100Rank 74 of 85Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D34 out of 100Rank 68 of 85Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B67 out of 100Rank 29 of 85
Our read on THYF
CT. Rowe Price sends its credit desk into junk-bond territory: roughly 100 hand-picked issues chasing total return first and income second, in a corner of the market ruled by index trackers holding thousands.
The fund seeks total return and, secondarily, current income.
Why people hold it
- No index to hug. Roughly 100 bonds chosen by the manager, versus broad high yield benchmarks that sprawl across thousands of issues.
- Pays monthly, with total return as the primary goal and current income the stated secondary one.
- Stays in its lane: US high yield credit in a standard 1940 Act fund, and the portfolio has matched that stated mandate closely.
Worth knowing
- 0.50% a year sits above the 0.40% typical for the category, and index rivals like SCYB and SPHY charge a few basis points. Stock-picking bonds costs more.
- Thinly traded next to the category's giants, so bid-ask spreads can run wider, especially in fast markets.
- Launched in 2022, so the track record is short. The fund also discloses that distributions can include return of capital.
THYF Holdings
- Bonds
- 104
- 20%
- Cash/Cash equivalent USD
Sectors
- Financials33.9%
- Materials18.3%
- Health Care9.8%
- Consumer Discretionary8.1%
- Real Estate6.8%
- Industrials6.1%
- Energy4.3%
- Consumer Staples3.9%
- Technology3.7%
- Communication3.7%
- Utilities1.4%
Geography
- United States84.45%
- Canada6.60%
- Chile1.68%
- Denmark1.16%
- United Kingdom1.16%
- Switzerland1.13%
- France1.13%
- Jamaica1.12%
- 1.57%
THYF Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
THYF$10,327
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 | THYF |
|---|---|
| Year to date | +0.7% |
| 1 month | −0.8% |
| 3 months | −1.3% |
| 1 year | +3.3% |
| 3 years | +8.0% |
| 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 | THYF |
|---|---|---|
| 2026 YTD | +0.7% | |
| 2025 | +7.8% | |
| 2024 | +8.5% | |
| 2023 | +11.8% | |
| 2022 | +1.5% |
THYF in the news
THYF Dividends
- 6.95%
- $3.48
- $0.28 per share
- Monthly
Distribution history
THYF Risk
- 5.0%
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.
- 0.60
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.
- −5.2%
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.
- 0.58
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
THYF Cost
0.50%
THYF0.50%
- 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
- CGTOQInvesco High Yield Systematic Bond ETFExpense ratio 0.39%1 year return —
- CPSHPGIM Short Duration High Yield ETFExpense ratio 0.45%1 year return +3.2%
- CHYBLState Street Blackstone High Income ETFExpense ratio 0.70%1 year return +4.7%
- CAOHYAngel Oak High Yield Opportunities ETFExpense ratio 0.55%1 year return +3.7%
- CHYZDWisdomTree Interest Rate Hedged High Yield Bond FundExpense ratio 0.43%1 year return +6.3%