USD High Yield Bond Active UCITS ETF

USD High Yield Bond Active UCITS ETF

About

USD High Yield Bond Active UCITS ETF (IE000LZI2UH4) is a UCITS-compliant bond ETF tracking the ICE BofA US High Yield Constrained Index. With a TER of 0.45%, its costs are on the higher end for an ETF, reinvesting dividends. The fund holds 492 positions across 9 regions with 219M in assets, with heavy concentration — 63% in United States, 39% in corporate bonds.

Score Breakdown

Scores are scaled 1–10 on a logarithmic curve relative to all ETFs in the database. Last updated: Jul 2, 2026
Component Score Details
Overall 6.3 Diversification (45%) · Cost (30%) · Liquidity (25%)
Cost (30%) 7.4 Tracking Difference: 10.0 · TD Consistency: 4.5 · Expense Ratio (TER): 2.4
Diversification (45%) 5.7 Holding Count: 6.6 · Country Concentration: 5.6 · Sector Concentration: 4.8
Liquidity (25%) 6.3 Assets Under Management

Data sources: provider factsheets, exchange data, and NAV history. Information for educational purposes only — not investment advice.

ISIN
Fund Size $219.2M
Issuer JPMorgan
Distribution Re-Invests Dividends
Replication —
Inception Nov 2024
Base Currency USD
Index ICE BofA US High Yield Constrained Index
Asset Class Bonds
Category High Yield Bond

Costs

7.4
This fund has moderate costs compared to similar ETFs.

Cost Metrics Explained

What TER, tracking difference, and TD consistency measure

TER (Total Expense Ratio) is the annual fee the fund charges, deducted from assets. It’s the headline cost, but not the full picture.

Tracking Difference measures how much the fund actually lags (or leads) its benchmark index per year. This is the single best measure of true cost — it captures TER plus all other drags like sampling error and tax withholding. A lower (or negative) value is better.

TD Consistency measures how stable the tracking difference is from year to year. A low value means predictable, reliable costs; a high value means costs can vary significantly.
TER0.00%
Tracking Difference0.00%
TD Consistency0.00%
 
Metric Value
TER 0.45%
Tracking Difference (avg) 0.61%
TD Consistency (std dev) 0.23%

Cumulative Returns

Performance across different time periods.
1 Month+0.00%
3 Months+0.00%
Year to Date+0.00%
1 Year+0.00%
Inception+0.00%
 
Period Cumulative Return
1 Month +0.42%
3 Months +1.23%
6 Months +2.71%
1 Year +8.06%
3 Years —
5 Years —
10 Years —
YTD +1.96%
Since Inception +11.18%

Holdings

6.6
This fund holds 492 individual investments, offering moderate diversification compared to other ETFs.
#1
C
Cash and Cash Equivalent
2.72%
#2
C
CCO Holdings LLC / CCO Holdings Capital Corp
1.39%
#3
C
CCO Holdings LLC / CCO Holdings Capital Corp
0.93%
#4
1
1261229 BC LTD
0.86%
#5
S
SIRIUS XM RAD 4% Jul28
0.82%
#6
E
EMRLD BORROWER LP 144A
0.80%
#7
D
DISH DBS CORP 144A
0.77%
#8
E
Entegris Inc
0.77%
#9
I
IHEARTCOMMUNI 9.125% May29
0.76%
#10
C
CCO Holdings LLC / CCO Holdings Capital Corp
0.71%

Sectors

4.8
This fund is concentrated in just a few of its 10 sectors, reducing diversification.
 
Sector Weight
Unknown 4440.00%
Corporate Bonds 3947.00%
Consumer Discretionary 945.00%
Industrials 371.00%
Health Care 319.00%
Materials 152.00%
Technology 148.00%
Financials 136.00%
Government Bonds 105.00%
Consumer Staples 99.00%

Regions

5.6
This fund invests across 10 countries, though its geographic allocation deviates somewhat from the global market.
 
Country Weight
United States 6275.00%
UNKNOWN 3116.00%
Canada 316.00%
MULT 132.00%
Bermuda 39.00%
Liberia 34.00%
Japan 31.00%
United Kingdom 26.00%
Australia 21.00%
Panama 10.00%

Nerd Stuff

Advanced risk and return metrics (2024-11-25 — 2026-04-17).
2.2%
Volatility
-3.5%
Max Drawdown
0.72
Sharpe Ratio
1.05
Sortino Ratio
0.45
Calmar Ratio
0.20
Beta
-3.71%
Alpha (Jensen's)
0.238
R²
Benchmark-relative metrics (Beta, Alpha, R²) are calculated against the iShares Core S&P 500 ETF (IE00B5BMR087).

Documents

Regulatory and fund documents.
Key Information DocumentFact Sheet

Broker Availability

Where you can buy this ETF.
Trade Republic
Trade
€1.00
Savings Plan
Free
Account
Free
Trading 212
Trade
Free
Savings Plan
Free
Account
Free

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