HYG vs SCYB: Differences, Returns & Fees

On May 31, 2026 HYG's duration was 3.0 years and SCYB's 3.0; SCYB charges 0.03% to HYG's 0.49%. Net assets: $16.2bn on Oct 20, 2026 for iShares iBoxx $ High Yield Corporate Bond ETF, and $2.5bn on May 31, 2026 for Schwab High Yield Bond ETF.

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Answers cite the figures on this page.

SCYB costs 0.46 points a year less; their one-year returns differ by 0.3 points; HYG is 17.0 times larger.

HYG vs SCYB: Differences, Returns & Fees
HYGSCYB
Expense ratio0.49%0.03%
Net assets, as of Feb 28, 2025$15.4bn$909m
Total return, 1 year+0.7%+1.0%
What it tracksMarkit iBoxx USD Liquid High Yield Indexnot read by ETFIQ
Holdings in common72%

Holdings in common uses holdings dated May 31, 2026.

+0.7%
HYG total return, 1 year
+1.0%
SCYB total return, 1 year
0.49%
HYG expense ratio
0.03%
SCYB expense ratio

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Client brief · page 1 of 2Report BR-FA64B4FBC2

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

  1. What each follows. HYG follows Markit iBoxx USD Liquid High Yield Index and SCYB follows not read by ETFIQ.
  2. Cost. HYG charges 0.49% of assets a year and SCYB 0.03%, a gap of 0.46 points.
  3. Size. HYG has $15.4bn in net assets and SCYB $909m (net assets, as of Feb 28, 2025); HYG is 16.9 times larger.

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, HYG and SCYB hold 72% of their money in the same securities at the same weight. Holdings dated May 31, 2026.

half

72% in common

Positions both hold, largest shared weight first
Holding HYG SCYB
1261229 BC Ltd, due Apr 15, 2032 0.54% 0.42%
EchoStar Corp, due Nov 30, 2029 0.44% 0.29%
Cloud Software Group Inc, due Mar 31, 2029 0.33% 0.27%
Meridian Arc Holdco LLC, due Apr 30, 2031 0.26% 0.36%
Quikrete Holdings Inc, due Mar 1, 2032 0.33% 0.24%
SV RNO Property Owner 1 LLC, due Mar 1, 2031 0.30% 0.23%
Asurion LLC/ Asurion Co-Issuer Inc, due Dec 31, 2032 0.28% 0.22%
Asurion LLC/ Asurion Co-Issuer Inc, due Feb 1, 2034 0.28% 0.22%
Venture Global LNG Inc, due Feb 1, 2029 0.28% 0.22%
Cloud Software Group Inc, due Sep 30, 2029 0.34% 0.21%
Nexstar Media Inc, due Sep 15, 2033 0.30% 0.20%
WULF Compute LLC, due Oct 15, 2030 0.26% 0.20%
Only in HYG
PR RNO Property Owner 1 LLC, due May 1, 2031 0.26%
Beach Acquisition Bidco LLC, due Jul 15, 2033 0.20%
EchoStar Corp, due Nov 30, 2030 0.19%
SAKS Global Enterprises LLC DIP First Out Interim Delayed Draw Term Loan, due Jan 14, 2033 0.16%
Carvana Co, due Jun 1, 2031 0.15%
Carvana Co, due Jun 1, 2030 0.13%
Wynn Macau Ltd, due Aug 26, 2028 0.11%
Teva Pharmaceutical Finance Netherlands III BV, due Mar 1, 2028 0.11%
Only in SCYB
Centene Corp, due Dec 15, 2029 0.22%
Discovery Global Holdings Inc, due Mar 15, 2042 0.21%
Carnival Corp Ltd, due Aug 1, 2032 0.20%
Carnival Corp Ltd, due Feb 15, 2033 0.14%
Centene Corp, due Feb 15, 2030 0.14%
Centene Corp, due Oct 15, 2030 0.14%
Centene Corp, due Jul 15, 2028 0.13%
Centene Corp, due Mar 1, 2031 0.13%

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On the same fields

HYG
iShares iBoxx $ High Yield Corporate Bond ETF
SCYB
Schwab High Yield Bond ETF
Where it sits Bond ETF Bond ETF
What it is Tracks an index of US high yield bonds Tracks an index
Total return, 1 year +0.7% +1.0%
Its benchmark over the same days −1.6% (IUSB) −1.9% (AGG)
Gap to its benchmark +2.3 pts vs IUSB +2.9 pts vs AGG
Expense ratio 0.49% 0.03%
Holdings 1334 1833
Net assets, HYG as of Oct 20, 2026 and SCYB as of May 31, 2026 $16.2bn $2.5bn

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

About HYG

HYG tracks an index of US high yield bonds. Over the year to Oct 20, 2026 it returned +0.7% with distributions reinvested, against −1.6% for its benchmark, the Bloomberg U.S. Universal Index. The prospectus expense ratio is 0.49% a year.

About SCYB

SCYB tracks an index. Over the year to Oct 20, 2026 it returned +1.0% with distributions reinvested, against −1.9% for its benchmark, the Bloomberg US Aggregate Bond Index. The prospectus expense ratio is 0.03% a year.

Questions people ask

Which returned more over the last year, HYG or SCYB?
In the year to Oct 20, 2026, with distributions reinvested, HYG returned +0.7% and SCYB +1.0%.
Which is cheaper, HYG or SCYB?
SCYB is cheaper, by 0.46 percentage points a year. That is about $46 on $10,000 held for a year. Fees come from each fund's prospectus.
Cite this pageCitation, APA and Markdown

ETFIQ, HYG against SCYB, data as of Oct 20, 2026. https://etfiq.com/compare/any/hyg-vs-scyb

Open data

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