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FALN vs HYLS: Differences, Returns & Fees

On Jul 31, 2026 FALN's duration was 4.6 years and HYLS's 2.9; FALN charges 0.25% to HYLS's 0.69%. Net assets on Oct 20, 2026: $1.6bn for iShares Fallen Angels USD Bond ETF and $1.6bn for First Trust Tactical High Yield ETF.

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Answers cite the figures on this page.

FALN costs 0.44 points a year less; their one-year returns differ by 1.0 point.

FALN vs HYLS: Differences, Returns & Fees
FALNHYLS
Expense ratio0.25%0.69%
Net assets$1.6bn$1.6bn
Total return, 1 year−0.8%+0.2%
What it tracksBloomberg US High Yield Fallen Angel 3% Capped IndexNo index, actively managed
Holdings in commonnot published
Below its high4.4%, high on Aug 13, 2026
−0.8%
FALN total return, 1 year
+0.2%
HYLS total return, 1 year
0.25%
FALN expense ratio
0.69%
HYLS expense ratio

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Client brief · page 1 of 2Report BR-CD11652959

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

  1. What each follows. FALN follows Bloomberg US High Yield Fallen Angel 3% Capped Index and HYLS follows No index, actively managed.
  2. Cost. FALN charges 0.25% of assets a year and HYLS 0.69%, a gap of 0.44 points.
  3. One-year total return (similar). Over 1 year to Oct 20, 2026 FALN returned −0.8% and HYLS +0.2% with distributions reinvested, a gap of 1.0 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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On the same fields

FALN
iShares Fallen Angels USD Bond ETF
HYLS
First Trust Tactical High Yield ETF
Where it sits Bond ETF Bond ETF
Issuer iShares First Trust
What it is Tracks an index Actively managed
Total return, 1 year −0.8% +0.2%
Its benchmark over the same days −1.6% (IUSB) +1.2% (USHY)
Gap to its benchmark +0.8 pts vs IUSB −1.0 pts vs USHY
Expense ratio 0.25% 0.69%
Holdings 156 332
Net assets $1.6bn $1.6bn

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

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.

About HYLS

HYLS is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +0.2% with distributions reinvested, against +1.2% for its benchmark, the ICE BofA US High Yield Constrained Index. The prospectus expense ratio is 0.69% a year.

Questions people ask

Which returned more over the last year, FALN or HYLS?
In the year to Oct 20, 2026, with distributions reinvested, FALN returned −0.8% and HYLS +0.2%.
Which is cheaper, FALN or HYLS?
FALN is cheaper, by 0.44 percentage points a year. That is about $44 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
FALN vs PHYLFALN vs HYDBFALN vs NHYBFALN vs JBBBHYLS vs PHYLHYLS vs NHYBHYLS vs JBBBFLHY vs HYLS
FALN on its own →HYLS on its own →Hold both: look the portfolio through →Rankings →FALN dividend history →FALN holdings →HYLS dividend history →HYLS holdings →Standards and sources →
Where these figures came from
FALN filings on SEC EDGAR ↗FALN prospectus with the expense ratio (SEC) ↗iShares page for FALN ↗HYLS filings on SEC EDGAR ↗HYLS prospectus with the expense ratio (SEC) ↗First Trust page for HYLS ↗

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

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

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