Bondbloxx BB-Rated USD High Yield Corporate Bond ETF with the ticker symbol XBB does not appear to be an existing ETF. However, there is a similar ETF from iShares called the iShares iBoxx $ High Yield Corporate Bond ETF with the ticker symbol HYG, which seeks to track the investment results of an index composed of high yield corporate bonds.
The iShares HYG ETF invests in a diversified portfolio of high-yield, non-investment grade corporate bonds issued by companies located in the United States. The portfolio is designed to provide investors with exposure to the US high-yield corporate bond market, which can offer attractive yields but also comes with greater credit risk.
Investing in HYG can provide investors with exposure to a diversified portfolio of high-yield corporate bonds. However, it's important to keep in mind that investing in any ETF carries certain risks, including the potential for market fluctuations, the possibility of losses, and the risks associated with investing in fixed income securities.
As with any investment, investors should carefully consider their investment goals, risk tolerance, and other factors before investing in HYG or any other security. It's also important to consult with a financial advisor to determine whether this ETF is a suitable investment given an individual's unique circumstances and financial goals. HYG has a market capitalization of around $20 billion as of February 2023.
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