HYDB vs PHYL: Differences, Returns & Fees
HYDB's duration was 3.2 years on May 31, 2026 and PHYL's 3.0 on May 29, 2026; HYDB charges 0.35% to PHYL's 0.39%. Net assets: $1.5bn on Oct 20, 2026 for iShares High Yield Systematic Bond ETF, and $1.5bn on Oct 19, 2026 for PGIM Active High Yield Bond ETF.
HYDB costs 0.04 points a year less; their one-year returns differ by 0.5 points.
| HYDB | PHYL | |
|---|---|---|
| Expense ratio | 0.35% | 0.39% |
| Net assets, as of Oct 19, 2026 | $1.5bn | $1.5bn |
| Total return, 1 year | +0.3% | +0.8% |
| What it tracks | BlackRock High Yield Systematic Bond Index | No index, actively managed |
| Holdings in common | 11% | |
| Below its high | 3.6%, high on Aug 25, 2026 | |
Holdings in common uses holdings dated May 29, 2026 and May 31, 2026.
HYDB and PHYL are built for the same job. How do they differ in cost, holdings and results?
- What each follows. HYDB follows BlackRock High Yield Systematic Bond Index and PHYL follows No index, actively managed.
- Holdings in common. 11% of the weight is in the same securities (holdings dated May 31, 2026 and May 29, 2026).
- Number of holdings. HYDB holds 257 positions and PHYL holds 783.
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, HYDB and PHYL hold 11% of their money in the same securities at the same weight. Holdings dated May 29, 2026 and May 31, 2026.
half
11% in common
On the same fields
HYDB and PHYL on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.
About HYDB
HYDB tracks an index. Over the year to Oct 20, 2026 it returned +0.3% with distributions reinvested, against −1.6% for its benchmark, the Bloomberg U.S. Universal Index. The prospectus expense ratio is 0.35% a year. It sat 3.6% below its high of Aug 25, 2026 on Oct 20, 2026.
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, HYDB or PHYL?
- In the year to Oct 20, 2026, with distributions reinvested, HYDB returned +0.3% and PHYL +0.8%.
- Which is cheaper, HYDB or PHYL?
- HYDB is cheaper, by 0.04 percentage points a year. That is about $4 on $10,000 held for a year. Fees come from each fund's prospectus.
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, HYDB against PHYL, data as of Oct 20, 2026. https://etfiq.com/compare/any/hydb-vs-phyl
ETFIQ. (Oct 20, 2026). HYDB against PHYL. Retrieved from https://etfiq.com/compare/any/hydb-vs-phyl
[HYDB against PHYL (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/hydb-vs-phyl)
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