FALN vs USHY: Differences, Returns & Fees
On Jul 31, 2026 FALN's duration was 4.6 years and USHY's 3.0; USHY charges 0.08% to FALN's 0.25%. Net assets on Oct 20, 2026: $1.6bn for iShares Fallen Angels USD Bond ETF and $25.6bn for iShares Broad USD High Yield Corporate Bond ETF.
USHY costs 0.17 points a year less; their one-year returns differ by 2.0 points; USHY is 16.4 times larger.
| FALN | USHY | |
|---|---|---|
| Expense ratio | 0.25% | 0.08% |
| Net assets | $1.6bn | $25.6bn |
| Total return, 1 year | −0.8% | +1.2% |
| What it tracks | Bloomberg US High Yield Fallen Angel 3% Capped Index | ICE BofA US High Yield Constrained Index |
| Holdings in common | 5% | |
| Below its high | 4.4%, high on Aug 13, 2026 | |
Holdings in common uses holdings dated Jul 31, 2026.
FALN and USHY are built for the same job. How do they differ in cost, holdings and results?
- What each follows. FALN follows Bloomberg US High Yield Fallen Angel 3% Capped Index and USHY follows ICE BofA US High Yield Constrained Index.
- Holdings in common. 5% of the weight is in the same securities (holdings dated Jul 31, 2026).
- One-year total return. Over 1 year to Oct 20, 2026 FALN returned −0.8% and USHY +1.2% with distributions reinvested, a gap of 2.0 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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What they hold in common
By the books each fund has filed, FALN and USHY hold 5% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026.
half
5% in common
On the same fields
FALN and USHY 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 USHY
USHY tracks an index of Broad USD High Yield Corporate Bond. Over the year to Oct 20, 2026 it returned +1.2% with distributions reinvested, against +1.1% for its benchmark, the ICE BofA US High Yield Constrained Index, measured by the closely related ICE BofA US High Yield Index. The prospectus expense ratio is 0.08% a year.
Questions people ask
- Which returned more over the last year, FALN or USHY?
- In the year to Oct 20, 2026, with distributions reinvested, FALN returned −0.8% and USHY +1.2%.
- Which is cheaper, FALN or USHY?
- USHY is cheaper, by 0.17 percentage points a year. That is about $17 on $10,000 held for a year. Fees come from each fund's prospectus.
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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, FALN against USHY, data as of Oct 20, 2026. https://etfiq.com/compare/any/faln-vs-ushy
ETFIQ. (Oct 20, 2026). FALN against USHY. Retrieved from https://etfiq.com/compare/any/faln-vs-ushy
[FALN against USHY (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/faln-vs-ushy)
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