(HYLS) Tactical High Yield - Overview
Etf: High-Yield Bonds, Below-Grade Debt, Senior Loans
Dividends
| Dividend Yield | 7.02% |
| Yield on Cost 5y | 8.16% |
| Yield CAGR 5y | 2.52% |
| Payout Consistency | 95.7% |
| Payout Ratio | - |
| Risk 5d forecast | |
|---|---|
| Volatility | 3.48% |
| Relative Tail Risk | -1.45% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.60 |
| Alpha | 0.71 |
| Character TTM | |
|---|---|
| Beta | 0.173 |
| Beta Downside | 0.180 |
| Drawdowns 3y | |
|---|---|
| Max DD | 3.96% |
| CAGR/Max DD | 2.05 |
Description: HYLS Tactical High Yield January 15, 2026
First Trust Tactical High Yield ETF (NASDAQ: HYLS) commits at least 80% of its net assets-including any investment borrowings-to high-yield debt that is either rated below investment grade at purchase or deemed of comparable credit quality by the advisor.
Key metrics to watch: the fund’s weighted-average coupon sits near 7.5% annualized, while its average effective duration is roughly 4.2 years, positioning it to benefit from a flattening yield-curve environment. Recent data show high-yield spreads over Treasuries hovering around 350 basis points, reflecting heightened credit risk amid a tightening labor market and persistent inflation. Sector exposure is tilted toward energy and consumer discretionary, which together account for about 35% of holdings, making the ETF sensitive to commodity price swings and discretionary spending trends.
For a deeper, data-driven look at HYLS’s risk-adjusted performance and how it fits into a diversified portfolio, you might explore the analytics on ValueRay.
What is the price of HYLS shares?
Over the past week, the price has changed by -0.17%, over one month by -0.26%, over three months by +1.09% and over the past year by +6.87%.
Is HYLS a buy, sell or hold?
What are the forecasts/targets for the HYLS price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 46.8 | 12.8% |
HYLS Fundamental Data Overview February 03, 2026
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 1.79b USD (1.79b + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 1.79b)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 1.79b / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 6.55% (E(1.79b)/V(1.79b) * Re(6.55%) + (debt-free company))
Discount Rate = 6.55% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Fair Price DCF = unknown (Cash Flow 0.0)