iShares U.S. High Yield Bond Index ETF (CAD-Hedged) (XHY)

iShares U.S. High Yield Bond Index ETF (CAD-Hedged) (XHY $16.38)
- $16.38 P/E (TTM): 18.21X Cap: $1.09B
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iShares U.S. High Yield Bond Index ETF (CAD-Hedged) (XHY $16.38)
- $16.38 P/E (TTM): 18.21X Cap: $1.09B
- View XHY Profile
- View Questions on XHY

Q: Should I infer from Danny's question this morning that you are selling XHY in your Income Portfolio?

Read Answer Asked by Dennis on May 07, 2026

TMX Group Limited (X $54.38)
- $54.38 P/E (TTM): 37.14X Cap: $15B
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iShares U.S. High Yield Bond Index ETF (CAD-Hedged) (XHY $16.38)
- $16.38 P/E (TTM): 18.21X Cap: $1.09B
- View XHY Profile
- View Questions on XHY

Q: Regarding your Model Income Portfolio decision to sell XHY, where would you be looking to redeploy that money?

Read Answer Asked by Danny on May 07, 2026

iShares S&P/TSX Canadian Preferred Share Index ETF (CPD $14.05)
- $14.05 P/E (TTM): 6.96X Cap: $1.07B
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BMO Aggregate Bond Index ETF (ZAG $13.66)
- $13.66 Cap: $12.17B
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BMO Monthly Income ETF (ZMI $19.36)
- $19.36 P/E (TTM): 1.96X Cap: $229M
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iShares Core Canadian Short Term Bond Index ETF (XSB $26.77)
- $26.77 P/E (TTM): 14.41X Cap: $4.07B
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iShares U.S. High Yield Bond Index ETF (CAD-Hedged) (XHY $16.38)
- $16.38 P/E (TTM): 18.21X Cap: $1.09B
- View XHY Profile
- View Questions on XHY

Q: I’m looking for ideas on the best way to park a meaningful cash position safely while still earning a competitive yield.

My priorities are:
• capital preservation / low risk
• strong liquidity or predictable maturities
• a competitive yield relative to today’s rates
• flexibility to choose either monthly income distributions or annual interest payouts

I’d appreciate your thoughts on the best options available in Canada today.

Specifically, how would you compare the pros and cons of:
• a 10-year bond ladder
• GIC's
• a money market fund
• a monthly income ETF such as ZMI
• a high-interest savings ETF or HISA
• other safe alternatives I may be overlooking

For context, this is retirement-oriented capital, so I value certainty and reliable income, but I also want to avoid having too much cash sitting at low HISA rates if there are better low-risk choices available.

Would like to understand your thoughts wrt balancing yield, liquidity, and safety in the current rate environment.—

Read Answer Asked by Ronnie on April 09, 2026