Which returned more over the last year, BHYB or FALN?

In the year to Oct 20, 2026, with distributions reinvested, BHYB returned +1.7% and FALN −0.8%.

Which is cheaper, BHYB or FALN?

BHYB is cheaper, by 0.05 percentage points a year. That is about $5 on $10,000 held for a year. Fees come from each fund's prospectus.

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BHYB vs FALN: Differences, Returns & Fees

BHYB's duration was 3.0 years on May 31, 2026 and FALN's 4.6 on Jul 31, 2026; BHYB charges 0.20% to FALN's 0.25%. Net assets: $3.0bn on Oct 19, 2026 for Xtrackers USD High Yield BB-B ex Financials ETF, and $1.6bn on Oct 20, 2026 for iShares Fallen Angels USD Bond ETF.

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Answers cite the figures on this page.

BHYB costs 0.05 points a year less; their one-year returns differ by 2.5 points; BHYB is 1.9 times larger.

BHYB vs FALN: Differences, Returns & Fees
	BHYB	FALN
Expense ratio	0.20%	0.25%
Net assets, as of Oct 19, 2026	$3.0bn	$1.6bn
Total return, 1 year	+1.7%	−0.8%
What it tracks	ICE BofA BB-B Non-FNCL Non-Distressed US HY Constrained Index	Bloomberg US High Yield Fallen Angel 3% Capped Index
Holdings in common	6%
Below its high		4.4%, high on Aug 13, 2026

Holdings in common uses holdings dated May 31, 2026 and Jul 31, 2026.

+1.7%

BHYB total return, 1 year

−0.8%

FALN total return, 1 year

0.20%

BHYB expense ratio

0.25%

FALN expense ratio

Client brief · page 1 of 2Report BR-6AEF5AA482

BHYB and FALN are built for the same job. How do they differ in cost, holdings and results?

What each follows. BHYB follows ICE BofA BB-B Non-FNCL Non-Distressed US HY Constrained Index and FALN follows Bloomberg US High Yield Fallen Angel 3% Capped Index.
Holdings in common. 6% of the weight is in the same securities (holdings dated May 31, 2026 and Jul 31, 2026).
One-year total return. Over 1 year to Oct 20, 2026 BHYB returned +1.7% and FALN −0.8% with distributions reinvested, a gap of 2.5 points.

Data as of Oct 20, 2026. The differences are picked by a fixed rule, in a fixed order; the PDF prints it. Page 2 has the returns, overlap, risks and sources.

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What they hold in common

By the books each fund has filed, BHYB and FALN hold 6% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Jul 31, 2026.

50%

half

6% in common

Positions both hold, largest shared weight first

Holding BHYB FALN

CNC 4.625 12/15/29, due Dec 15, 2029 0.26% 0.76%

NSANY 4.345 09/17/27 144A, due Sep 17, 2027 0.20% 1.04%

NSANY 4.81 09/17/30 144A, due Sep 17, 2030 0.20% 0.98%

CNC 2.45 07/15/28, due Jul 15, 2028 0.18% 0.50%

VOD V7 04/04/79, due Apr 4, 2079 0.17% 2.98%

CNC 3 10/15/30, due Oct 15, 2030 0.17% 0.45%

CNC 2.5 03/01/31, due Mar 1, 2031 0.16% 0.43%

CNC 3.375 02/15/30, due Feb 15, 2030 0.15% 0.43%

PARA 4.95 01/15/31, due Jan 15, 2031 0.10% 0.36%

CE 7.7 11/15/33, due Nov 15, 2033 0.10% 0.62%

CNC 2.625 08/01/31, due Aug 1, 2031 0.09% 0.26%

CE 7.55 11/15/30, due Nov 15, 2030 0.09% 0.65%

Only in BHYB

BHCCN 10 04/15/32 144A, due Apr 15, 2032 0.51%

MERIDI 6.25 04/30/31 144A, due Apr 30, 2031 0.48%

SATS 10.75 11/30/29 ., due Nov 30, 2029 0.47%

TRACTD 6.5 05/01/31 144A, due May 1, 2031 0.38%

QUIKHO 6.375 03/01/32 144A, due Mar 1, 2032 0.33%

TRACTC 5.875 03/01/31 144A, due Mar 1, 2031 0.31%

TIBX 6.5 03/31/29 144A, due Mar 31, 2029 0.31%

TIBX 9 09/30/29 144A, due Sep 30, 2029 0.29%

Only in FALN

Resorts World Las Vegas LLC / RWLV Capital Inc, due Apr 16, 2029 1.89%

Transocean International Ltd, due Mar 15, 2038 1.20%

Diversified Healthcare Trust, due Feb 15, 2028 1.04%

Navient Corp, due Aug 1, 2033 1.04%

Liberty Mutual Group Inc, due Mar 15, 2037 0.87%

Service Properties Trust, due Oct 1, 2029 0.84%

Transocean International Ltd, due Apr 15, 2031 0.83%

Service Properties Trust, due Jan 15, 2028 0.82%

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On the same fields

BHYB

Xtrackers USD High Yield BB-B ex Financials ETF

FALN

iShares Fallen Angels USD Bond ETF

Where it sits Bond ETF Bond ETF

Issuer Xtrackers iShares

What it is Tracks an index Tracks an index

Total return, 1 year +1.7% −0.8%

Its benchmark over the same days −1.6% (IUSB) −1.6% (IUSB)

Gap to its benchmark +3.3 pts vs IUSB +0.8 pts vs IUSB

Expense ratio 0.20% 0.25%

Holdings 1477 156

Net assets, BHYB as of Oct 19, 2026 and FALN as of Oct 20, 2026 $3.0bn $1.6bn

BHYB and FALN on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.

About BHYB

BHYB tracks an index. Over the year to Oct 20, 2026 it returned +1.7% with distributions reinvested, against −1.6% for its benchmark, the Bloomberg U.S. Universal Bond Index. The prospectus expense ratio is 0.20% a year.

About FALN

FALN tracks an index. Over the year to Oct 20, 2026 it returned −0.8% with distributions reinvested, against −1.6% for its benchmark, the Bloomberg U.S. Universal Index. The prospectus expense ratio is 0.25% a year. It sat 4.4% below its high of Aug 13, 2026 on Oct 20, 2026.

Questions people ask

Which returned more over the last year, BHYB or FALN?: In the year to Oct 20, 2026, with distributions reinvested, BHYB returned +1.7% and FALN −0.8%.
Which is cheaper, BHYB or FALN?: BHYB is cheaper, by 0.05 percentage points a year. That is about $5 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

BHYB vs HYLS BHYB vs PHYL BHYB vs HYDB BHYB vs NHYB FALN vs NHYB FALN vs JNK FALN vs HYLS FALN vs PHYL

BHYB on its own →FALN on its own →Hold both: look the portfolio through →Rankings →BHYB dividend history →BHYB holdings →FALN dividend history →FALN holdings →Standards and sources →

Where these figures came from

BHYB filings on SEC EDGAR ↗BHYB prospectus with the expense ratio (SEC) ↗Xtrackers website ↗FALN filings on SEC EDGAR ↗FALN prospectus with the expense ratio (SEC) ↗iShares page for FALN ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, BHYB against FALN, data as of Oct 20, 2026. https://etfiq.com/compare/any/bhyb-vs-faln

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.