Opinions Larry Berman CFA, CMT, CTA
BMO High Yield US Corporate Bond Index ETFZJK.TODON'T BUYNov 19, 2018
ZJK-T vs. ZHY-T. High yield is a sexy name for junk bonds. They are the worst quality bonds. In a downturn these companies will not be able to pay back their bond holders first. If equities fall 20%, high yield bonds fall 13%. There is more risk for a portfolio.
Larry Berman CFA, CMT, CTAUnknown
$19.57
Stock price when the opinion was issued
$18.71
As of May 29, 2026. Market Open.
E.T.F.'s
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RISKY
Have seen an expansion in the spreads, which means the credit risk has caused the bonds to deteriorate in price. Second-largest high-yield ETF in Canada. MER is 61 bps. Acts more like equity because of the types of companies that tend to issue high-yield debt, but it has more yield too. While it is riskier, you have a better entry point here.
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