Mackenzie US High Yield Bond Index ETF (CAD-Hedged) (QHY.TO)
About this ETF
This passively managed fund is designed to offer investors access to the high-yield corporate bond sector. Its benchmark index concentrates exclusively on US dollar-denominated corporate debt, requiring a composite credit rating between BB+ and C, as determined by S&P, Moody's, and Fitch. To qualify for inclusion, bonds must have an issuance size of at least $400 million and possess a minimum of 20 months remaining until maturity at the time of their addition. The resulting portfolio is weighted according to market value, with individual issuer holdings limited to a maximum of 3%.
Price
Top 10 holdings
This fund does not disclose a securities portfolio (e.g. physically-backed or synthetic products).
Sector mix
Price chart
Returns
| 1 month | -0.53% |
| 3 months | -1.02% |
| 6 months | -2.64% |
| Year to date | -2.72% |
| 1 year | -2.96% |
| 3 years (ann.) | -0.50% |
| 5 years (ann.) | -3.15% |
| 10 years (ann.) | — |
Risk profile
| Volatility (1y, ann.) | 5.82% |
| Sharpe (1y) | -0.49 |
| Sharpe (3y) | -0.04 |
| Sortino (1y) | -0.71 |
| Max drawdown (1y) | -5.01% |
| Max drawdown (5y) | -18.63% |
| Max drawdown (full) | -25.80% |
| Beta vs S&P 500 (1y) | 0.18 |
| Correlation vs S&P 500 (1y) | 0.43 |
Technical outlook as of 2026-07-13
The Monte Carlo cone is drawn on the price chart above (Forecast overlay); RSI, MACD and the rest of the oscillators live in its indicator panels.
This fund does not disclose a securities portfolio (e.g. physically-backed commodity products or some synthetic structures).
Sector breakdown
Geographic exposure
Cost vs. peers
Comparison universe: 6,948 funds of the same asset class.
Cost impact calculator
Dividend history
Distributing share class Income is paid out to shareholders.
| Ex-date | Payment | Amount |
|---|---|---|
| 2026-07-02 | 2026-07-09 | CAD 0.4209 |
| 2026-06-01 | 2026-06-08 | CAD 0.4209 |
| 2026-05-01 | 2026-05-08 | CAD 0.4209 |
| 2026-04-01 | 2026-04-09 | CAD 0.4211 |
| 2026-03-02 | 2026-03-09 | CAD 0.4211 |
| 2026-02-02 | 2026-02-09 | CAD 0.4211 |
| 2025-12-30 | 2026-01-07 | CAD 0.2627 |
| 2025-12-01 | 2025-12-08 | CAD 0.4220 |
| 2025-11-03 | 2025-11-10 | CAD 0.4220 |
| 2025-10-01 | 2025-10-08 | CAD 0.4463 |
| 2025-09-02 | 2025-09-09 | CAD 0.4463 |
| 2025-08-01 | 2025-08-11 | CAD 0.4463 |
| 2025-07-02 | 2025-07-09 | CAD 0.4006 |
| 2025-06-02 | 2025-06-09 | CAD 0.4006 |
| 2025-05-01 | 2025-05-08 | CAD 0.4006 |
| 2025-04-01 | 2025-04-08 | CAD 0.4043 |
| 2025-03-03 | 2025-03-10 | CAD 0.4043 |
| 2025-02-03 | 2025-02-10 | CAD 0.4043 |
| 2024-12-30 | 2025-01-07 | CAD 0.7547 |
| 2024-12-02 | 2024-12-09 | CAD 1.2170 |
| 2024-11-01 | 2024-11-08 | CAD 1.2685 |
| 2024-10-01 | 2024-10-08 | CAD 1.1216 |
| 2024-09-03 | 2024-09-10 | CAD 0.6163 |
| 2024-08-01 | 2024-08-09 | CAD 0.5891 |
| 2024-07-02 | 2024-07-09 | CAD 0.6047 |
| 2024-06-03 | 2024-06-10 | CAD 0.7268 |
| 2024-05-01 | 2024-05-09 | CAD 0.7557 |
| 2024-04-01 | 2024-04-09 | CAD 0.3924 |
| 2024-03-01 | 2024-03-11 | CAD 0.3924 |
| 2024-02-01 | 2024-02-09 | CAD 0.3924 |
| 2023-12-28 | 2024-01-08 | CAD 0.5844 |
| 2023-12-01 | 2023-12-11 | CAD 0.5844 |
| 2023-11-01 | 2023-11-09 | CAD 0.5844 |
| 2023-09-29 | 2023-10-11 | CAD 0.2097 |
| 2023-09-01 | 2023-09-12 | CAD 0.2097 |
| 2023-08-01 | 2023-08-10 | CAD 0.2097 |
| 2023-07-04 | 2023-07-12 | CAD 0.2097 |
| 2023-06-01 | 2023-06-09 | CAD 0.2058 |
| 2023-05-01 | 2023-05-09 | CAD 0.3599 |
| 2023-04-03 | 2023-04-12 | CAD 0.2787 |
ESG profile
No ESG estimate available: none of the scored universe overlaps this portfolio (typical for bond, commodity or synthetic funds).
Similar ETFs
| Fund | TER | AUM (USD) | Yield (TTM) | Return 1y | Sharpe 1y |
|---|---|---|---|---|---|
| Vanguard Total Stock Market ETF VTI | 0.03% | 2.30T | 1.05% | +19.93% | 1.48 |
| Vanguard S&P 500 ETF VOO | 0.03% | 1.70T | 1.07% | +19.68% | 1.49 |
| iShares Core S&P 500 ETF IVV | 0.03% | 894.38B | 1.09% | +19.68% | 1.49 |
| State Street SPDR S&P 500 ETF SPY | 0.09% | 789.23B | 1.00% | +19.71% | 1.49 |
| SPDR S&P 500 ETF Trust 1557.T | 0.09% | 789.09B | 0.49% | +37.54% | 2.26 |
| State Street SPDR S&P 500 ETF SPY.AX | 0.09% | 788.13B | 1.00% | +11.84% | 1.13 |
| Vanguard Total International Stock ETF VXUS | 0.05% | 652.30B | 2.61% | +20.58% | 1.21 |
| Invesco QQQ Trust, Series 1 QQQ | 0.18% | 481.14B | 0.43% | +28.14% | 1.43 |
| Vanguard Growth ETF VUG | 0.03% | 393.80B | 0.39% | +16.85% | 0.99 |
| Vanguard FTSE Developed Markets ETF VEA | 0.03% | 317.30B | 2.60% | +21.64% | 1.23 |
Cheaper alternatives
No fund of the class reaches 60% portfolio overlap — showing the cheapest funds of the class instead.
| Fund | TER | AUM (USD) | Overlap |
|---|---|---|---|
| State Street SPDR Portfolio S&P 500 ETF SPYM | 0.02% | 159.32B | 0.0% |
| Vanguard Mid-Cap ETF VO | 0.03% | 218.80B | 0.0% |
| Vanguard S&P 500 ETF VOO | 0.03% | 1.70T | 0.0% |
| Vanguard Total Stock Market ETF VTI | 0.03% | 2.30T | 0.0% |
| iShares Core S&P 500 ETF IVV | 0.03% | 894.38B | 0.0% |

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