Here are the Worst Performing High Yield Debt ETFs

Lots of jargon going around with regards to high yield. The play was to scheme your way into an oil well, through these derivative based ETFs that were tied to the debt of oil and gas properties. You got paid 8% for your troubles, as Bernie Maddoff managed your money with excellent efficiency.

Well, all of that has come to an abrupt end. The oil boom is over. Everyone is getting George Bush’d now.

Note: some of these aren’t exactly “high yield” per se, but nefarious nevertheless. I figured the more data the merrier.

Here are the worst performing high yield ETFs, ytd, courtesy of Exodus.

Kayne Anderson MLP (KYN) -61.8%
Stonegate Mortgage (SGM) -61%
Allianz GI Convertible (NCZ) -39%
LMP Capital and Income (SCD) -26%
Calamos Convertible (CHY) -21%
PIMCO High Yield (PHK) -19%
Credit Suisse High Yield (DHY) -14%

Now let’s explore which closed ends have underperformed over the past month, during this oil debacle.

Kayne Anderson (KYN) -33%
Macquarie Global Infrastructure (MGU) -9.5%
Franklin Universal Trust (FT) -7.6%
Calamos Convertible -7.5%
Dreyfus High Yield (DHF) -7.2%
Western Asset Global (EHI) -7%

The past week…

KYN -11%
PHK -6.6%
PTY -5.8%
NCT -5.7%
DHY -5%

#fuckery