BondBloxx BB Rated USD High Yield Corporate Bond ETF (XBB)
Market Closed
17 Jul, 20:00
ARCA ARCA Primary $
40. 82
-0.07
-0.1712%
$
386.04M Market Cap
0.88% Div Yield
28,500 Volume
$ 40.89
Previous Close Investors:
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XBB: Innovative Fund From BondBloxx, But Spreads Are Too Tight
XBB is a well-structured, low-cost ETF offering diversified exposure to BB-rated high-yield bonds, ideal as a fixed income building block. Current market spreads are at historical lows, making XBB primarily a low-yield dividend play with limited upside and significant downside risk. Despite liking XBB's construction, we rate it a 'Sell' due to unfavorable risk/reward, especially when safer assets offer comparable yields.
Seekingalpha | 1 year ago
