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  5. ZHY: I have been trying to find a high yield bond fund for the last year, and was looking at zhy and xhy, and was shocked when I saw their 10 yr charts. [BMO High Yield US Corporate Bond Hedged to CAD Index ETF]

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Q: I have been trying to find a high yield bond fund for the last year, and was looking at zhy and xhy, and was shocked when I saw their 10 yr charts.
Can you explain why the dramatic share price decline from about June 2014, until about Sept. 2022.

Thanks
Asked by Greg on July 08, 2025
5i Research Answer:
Both of these funds are hedged to the Canadian dollar. What that means is, even though they own...

Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in XHY.

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