Group

Indices and ETFs

Type

Yield

Period

(mm/dd/yyyy)

Mean

Std. Dev.

Skewness

Kurtosis

Jarque-Bera

Obs

High Yield

Wisdom Tree Japan Hedged Real Estate ETF (DXJR)

ETF

82.54%

04/28/2014-

12/29/2017

−0.049

2.587

−18.082

459.825

7831138***

895

NYSE Composite (NYA)

Indices

0.019

0.780

−0.489

6.029

377.811***

895

Global X Gold Explorers ETF (GOEX)

ETF

36.04%

01/03/2012-

12/29/2017

−0.087

2.895

−0.862

12.410

5753.824***

1509

NYSE Composite (NYA)

Indices

0.036

0.777

−0.399

5.252

358.730***

1509

Infra Cap MLP ETF (AMZA)

ETF

24.44%

10/02/2014-

12/29/2017

−0.131

2.524

−0.239

8.548

1056.996***

818

NYSE Composite(NYA)

Indices

0.024

0.796

−0.489

6.004

340.118***

818

Low Yield

SPDR® Portfolio Large Cap ETF (SPLG)

ETF

5.50%

01/03/2012-

12/29/2017

0.049

0.752

−0.611

6.855

1028.518***

1509

NYSE Composite (NYA)

Indices

0.036

0.777

−0.399

5.252

358.730***

1509

Power Shares Global Short Term High Yield Bond Portfolio (PGHY)

ETF

5.51%

06/21/2013-

12/29/2017

−0.002

0.370

−0.292

6.397

564.671***

1141

NYSE Composite (NYA)

Indices

0.031

0.754

−0.490

5.917

450.279***

1141

iShares 0 - 5 Year High Yield Corporate Bond ETF (SHYG)

ETF

5.53%

10/17/2013-

12/29/2017

−0.005

0.272

−0.184

7.033

723.608***

1059

NYSE Composite (NYA)

Indices

0.025

0.759

−0.521

6.033

453.924***

1059