Mackenzie US High Yield Bond Index ETF (CAD-Hedged) (QHY)

Mackenzie US High Yield Bond Index ETF (CAD-Hedged) (QHY $83.02)
- $83.02 Cap: $61M
- View QHY Profile
- View Questions on QHY

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Horizons Active High Yield Bond ETF (HYI.A $10.17)
- View HYI.A Profile
- View Questions on HYI.A
iShares U.S. High Yield Bond Index ETF (CAD-Hedged) (XHY $16.80)
- $16.80 Cap: $829M
- View XHY Profile
- View Questions on XHY
BMO High Yield US Corporate Bond Index ETF (ZJK $19.01)
- $19.01 Cap: $1.13B
- View ZJK Profile
- View Questions on ZJK
Mackenzie US High Yield Bond Index ETF (CAD-Hedged) (QHY $83.02)
- $83.02 Cap: $61M
- View QHY Profile
- View Questions on QHY

Q: I noted and likely your strategy to add to XHY for income and possible capital gains. However, when I looked at high yield corp. bond ETFs, ZJK looked better overall. There is also the matter of CAD hedging. I'm looking to park cash for my 2023 RIF withdrawal this December and I've been using the BMO HISA for this. Can I have your opinion on using ZJK or XHY instead for about 2% higher income?

Read Answer Asked by Earl on January 12, 2023