The calculation of ETFs (Exchange-Traded Funds) is as follows:

In the world of investing, high-yield bonds have been gaining attention for their potential to offer returns that surpass savings accounts and often match long-term stock returns. Three Exchange-Traded Funds (ETFs) in this sector, specifically, have been making waves among investors.

The Fidelity Sustainable Global High Yield Bond Paris-Aligned Multifactor UCITS ETF, with a distribution yield of 7.7 percent, currently leads the pack in terms of distribution among all high-yield bond funds. Managed by Fidelity International, headquartered in London, United Kingdom, this ETF stands out due to its active management that combines multi-factor models with ESG filters in the selection of bonds below the investment grade.

Another contender in the high-yield bond sector is the JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF. Since its launch last year, investors have been able to achieve an average annual return of 6.1 percent with this ETF. The current distribution yield is 6.5 percent, and it allocates its assets in corporate bonds below the investment grade from industrialized and emerging countries. The JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (WKN: A3DV5E) is a relatively new entrant in the high-yield bond market.

The iShares Fallen Angels High Yield Corp Bond UCITS ETF, with a WKN of A2AFCX, is another well-known ETF in the sector. It generates a distribution yield of 5.5 percent and has an average annual performance of 5.7 percent since its inception.

High Yield Bonds can offer high returns with sometimes lower volatility than the stock market. Additionally, there is a possibility of price gains during periods of falling interest rates with these bonds. However, it's important to note that investing in high-yield bonds comes with inherent risks, including the possibility of default by the issuer.

Investors should carefully consider their risk tolerance and investment goals before diving into the high-yield bond market. These ETFs provide a convenient and accessible way to gain exposure to this asset class, offering a diverse portfolio of high-yield bonds that can help mitigate some of the risks associated with individual bond investments.

In conclusion, high-yield bond ETFs like the Fidelity Sustainable Global High Yield Bond Paris-Aligned Multifactor UCITS ETF, the JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF, and the iShares Fallen Angels High Yield Corp Bond UCITS ETF offer attractive returns and stable investment opportunities for those seeking to diversify their portfolios and potentially boost their returns beyond traditional savings accounts and investment-grade bonds.