HYDB vs SHYG: Differences, Returns & Fees

HYDB's duration was 3.2 years on May 31, 2026 and SHYG's 2.1 on Jul 31, 2026; SHYG charges 0.30% to HYDB's 0.35%. Net assets on Oct 20, 2026: $1.5bn for iShares High Yield Systematic Bond ETF and $7.6bn for iShares 0-5 Year High Yield Corporate Bond ETF.

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Answers cite the figures on this page.

SHYG costs 0.05 points a year less; their one-year returns differ by 1.8 points; SHYG is 5.1 times larger.

HYDB vs SHYG: Differences, Returns & Fees
HYDBSHYG
Expense ratio0.35%0.30%
Net assets$1.5bn$7.6bn
Total return, 1 year+0.3%+2.1%
What it tracksBlackRock High Yield Systematic Bond IndexMarkit iBoxx USD Liquid High Yield 0-5 Index
Holdings in common13%
Below its high3.6%, high on Aug 25, 2026

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

+0.3%
HYDB total return, 1 year
+2.1%
SHYG total return, 1 year
0.35%
HYDB expense ratio
0.30%
SHYG expense ratio

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Client brief · page 1 of 2Report BR-B8345D3825

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

  1. What each follows. HYDB follows BlackRock High Yield Systematic Bond Index and SHYG follows Markit iBoxx USD Liquid High Yield 0-5 Index.
  2. Holdings in common. 13% of the weight is in the same securities (holdings dated May 31, 2026 and Jul 31, 2026).
  3. Number of holdings. HYDB holds 257 positions and SHYG holds 1146.

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 SHYG hold 13% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Jul 31, 2026.

half

13% in common

Positions both hold, largest shared weight first
Holding HYDB SHYG
WULF Compute LLC, due Oct 15, 2030 0.73% 0.37%
Core Scientific Finance I LLC, due May 15, 2031 0.75% 0.34%
DaVita Inc, due Jun 1, 2030 0.67% 0.29%
TransDigm Inc, due Mar 1, 2029 0.29% 0.31%
EchoStar Corp, due Nov 30, 2029 0.28% 0.53%
Rakuten Group Inc, due Apr 15, 2029 0.71% 0.25%
CoreWeave Inc, due Jun 1, 2030 0.72% 0.21%
Venture Global LNG Inc, due Jun 1, 2031 0.75% 0.19%
United Rentals North America Inc, due Jan 15, 2028 0.18% 0.18%
Novelis Corp, due Jan 30, 2030 0.72% 0.17%
CCO Holdings LLC / CCO Holdings Capital Corp, due Feb 1, 2031 0.17% 0.28%
CoreWeave Inc, due Feb 1, 2031 0.33% 0.16%
Only in HYDB
Paramount Global, due Apr 30, 2036 0.77%
Level 3 Financing Inc, due Feb 15, 2037 0.76%
Fair Isaac Corp, due Sep 15, 2034 0.75%
Venture Global Plaquemines LNG LLC, due May 1, 2035 0.74%
QXO Building Products Inc, due Apr 30, 2032 0.74%
Caesars Entertainment Inc, due Oct 15, 2032 0.73%
Discovery Global Holdings Inc, due Mar 15, 2032 0.73%
Post Holdings Inc, due Mar 15, 2036 0.73%
Only in SHYG
Meridian Arc Holdco LLC, due Apr 30, 2031 0.58%
PR RNO Property Owner 1 LLC, due May 1, 2031 0.46%
Cloud Software Group LLC, due Mar 31, 2029 0.43%
Cloud Software Group LLC, due Sep 30, 2029 0.42%
HUB International Ltd, due Jun 15, 2030 0.37%
Venture Global LNG Inc, due Feb 1, 2029 0.36%
DISH DBS Corp, due Dec 1, 2026 0.33%
American Airlines Inc/AAdvantage Loyalty IP Ltd, due Apr 20, 2029 0.32%

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On the same fields

HYDB
iShares High Yield Systematic Bond ETF
SHYG
iShares 0-5 Year High Yield Corporate Bond ETF
Where it sits Bond ETF Bond ETF
What it is Tracks an index Tracks an index
Total return, 1 year +0.3% +2.1%
Its benchmark over the same days −1.6% (IUSB) −1.6% (IUSB)
Gap to its benchmark +1.9 pts vs IUSB +3.7 pts vs IUSB
Expense ratio 0.35% 0.30%
Holdings 257 1146
Net assets $1.5bn $7.6bn

HYDB and SHYG 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 SHYG

SHYG tracks an index. Over the year to Oct 20, 2026 it returned +2.1% with distributions reinvested, against −1.6% for its benchmark, the Bloomberg U.S. Universal Index. The prospectus expense ratio is 0.30% a year.

Questions people ask

Which returned more over the last year, HYDB or SHYG?
In the year to Oct 20, 2026, with distributions reinvested, HYDB returned +0.3% and SHYG +2.1%.
Which is cheaper, HYDB or SHYG?
SHYG 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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ETFIQ, HYDB against SHYG, data as of Oct 20, 2026. https://etfiq.com/compare/any/hydb-vs-shyg

Open data

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