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BHYB vs PHYL: Differences, Returns & Fees

BHYB's duration was 3.0 years on May 31, 2026 and PHYL's 3.0 on May 29, 2026; BHYB charges 0.20% to PHYL's 0.39%. Net assets on Oct 19, 2026: $3.0bn for Xtrackers USD High Yield BB-B ex Financials ETF and $1.5bn for PGIM Active High Yield Bond ETF.

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Ask IQ about BHYB and PHYL

Answers cite the figures on this page.

BHYB costs 0.19 points a year less; their one-year returns differ by 0.9 points; BHYB is 2.0 times larger.

BHYB vs PHYL: Differences, Returns & Fees
BHYBPHYL
Expense ratio0.20%0.39%
Net assets, as of Oct 19, 2026$3.0bn$1.5bn
Total return, 1 year+1.7%+0.8%
What it tracksICE BofA BB-B Non-FNCL Non-Distressed US HY Constrained IndexNo index, actively managed
Holdings in common33%

Holdings in common uses holdings dated May 29, 2026 and May 31, 2026.

+1.7%
BHYB total return, 1 year
+0.8%
PHYL total return, 1 year
0.20%
BHYB expense ratio
0.39%
PHYL expense ratio

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Client brief · page 1 of 2Report BR-077DB9033B

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

  1. What each follows. BHYB follows ICE BofA BB-B Non-FNCL Non-Distressed US HY Constrained Index and PHYL follows No index, actively managed.
  2. Holdings in common. 33% of the weight is in the same securities (holdings dated May 31, 2026 and May 29, 2026).
  3. Cost. BHYB charges 0.20% of assets a year and PHYL 0.39%, a gap of 0.19 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 PHYL hold 33% of their money in the same securities at the same weight. Holdings dated May 29, 2026 and May 31, 2026.

half

33% in common

Positions both hold, largest shared weight first
Holding BHYB PHYL
MERIDI 6.25 04/30/31 144A, due Apr 30, 2031 0.48% 0.57%
SATS 10.75 11/30/29 ., due Nov 30, 2029 0.47% 0.41%
BHCCN 10 04/15/32 144A, due Apr 15, 2032 0.51% 0.40%
TRACTD 6.5 05/01/31 144A, due May 1, 2031 0.38% 0.36%
TRACTC 5.875 03/01/31 144A, due Mar 1, 2031 0.31% 0.53%
WULF 7.75 10/15/30 144A, due Oct 15, 2030 0.28% 0.40%
VENLNG 9.5 02/01/29 144A, due Feb 1, 2029 0.27% 0.44%
DVA 4.625 06/01/30 144A, due Jun 1, 2030 0.22% 0.61%
NLSN 9.29 04/15/29 144A, due Apr 15, 2029 0.22% 0.35%
BWY 7.875 04/15/30 144A, due Apr 15, 2030 0.22% 0.29%
LVLT 7 03/31/34 144A, due Mar 31, 2034 0.21% 0.22%
CVNA 9 06/01/31 144A, due Jun 1, 2031 0.21% 0.27%
Only in BHYB
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%
CNC 4.625 12/15/29, due Dec 15, 2029 0.26%
EMECLI 6.625 12/15/30 144A, due Dec 15, 2030 0.23%
CHTR 4.75 03/01/30 144A, due Mar 1, 2030 0.23%
WBD 5.05 03/15/42 *, due Mar 15, 2042 0.22%
MEDIND 5.25 10/01/29 144A, due Oct 1, 2029 0.22%
CHTR 4.5 08/15/30 144A, due Aug 15, 2030 0.21%
Only in PHYL
PGIM AAA CLO ETF 1.08%
RADIATE HOLDCO LLC, due Sep 25, 2029 0.90%
TEKNI 12.75 12/31/28 144A, due Dec 31, 2028 0.53%
T 3.75 04/30/28, due Apr 30, 2028 0.50%
RKT 6.125 08/01/30 144A, due Aug 1, 2030 0.50%
BIGBRS 6.625 01/31/29 144A, due Jan 31, 2029 0.47%
MCFE 7.375 02/15/30 144A, due Feb 15, 2030 0.46%
ASUCOR 8 12/31/32 144A, due Dec 31, 2032 0.46%

Check overlap with more funds →

On the same fields

BHYB
Xtrackers USD High Yield BB-B ex Financials ETF
PHYL
PGIM Active High Yield Bond ETF
Where it sits Bond ETF Bond ETF
Issuer Xtrackers PGIM
What it is Tracks an index Actively managed
Total return, 1 year +1.7% +0.8%
Its benchmark over the same days −1.6% (IUSB) −1.9% (AGG)
Gap to its benchmark +3.3 pts vs IUSB +2.7 pts vs AGG
Expense ratio 0.20% 0.39%
Holdings 1477 783
Net assets, as of Oct 19, 2026 $3.0bn $1.5bn

BHYB and PHYL 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 PHYL

PHYL is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +0.8% with distributions reinvested, against −1.9% for its benchmark, the Bloomberg US Aggregate Bond Index. The prospectus expense ratio is 0.39% a year.

Questions people ask

Which returned more over the last year, BHYB or PHYL?
In the year to Oct 20, 2026, with distributions reinvested, BHYB returned +1.7% and PHYL +0.8%.
Which is cheaper, BHYB or PHYL?
BHYB is cheaper, by 0.19 percentage points a year. That is about $19 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
BHYB vs FLHYBHYB vs HYGVBHYB vs HFSIBHYB vs JNKHYDB vs PHYLJBBB vs PHYLFLHY vs PHYLPHYL vs SHYG
BHYB on its own →PHYL on its own →Hold both: look the portfolio through →Rankings →BHYB dividend history →BHYB holdings →PHYL dividend history →PHYL holdings →Standards and sources →
Where these figures came from
BHYB filings on SEC EDGAR ↗BHYB prospectus with the expense ratio (SEC) ↗Xtrackers website ↗PHYL filings on SEC EDGAR ↗PHYL prospectus with the expense ratio (SEC) ↗PGIM website ↗

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 PHYL, data as of Oct 20, 2026. https://etfiq.com/compare/any/bhyb-vs-phyl

Open data

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