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HYLB vs PHYL: Differences, Returns & Fees

On May 29, 2026 HYLB's duration was 2.9 years and PHYL's 3.0; HYLB charges 0.05% to PHYL's 0.39%. Net assets on Oct 19, 2026: $3.2bn for Xtrackers USD High Yield Corporate Bond ETF and $1.5bn for PGIM Active High Yield Bond ETF.

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Answers cite the figures on this page.

HYLB costs 0.34 points a year less; their one-year returns differ by 0.4 points; HYLB is 2.1 times larger.

HYLB vs PHYL: Differences, Returns & Fees
HYLBPHYL
Expense ratio0.05%0.39%
Net assets, as of Oct 19, 2026$3.2bn$1.5bn
Total return, 1 year+1.2%+0.8%
What it tracksSolactive USD High Yield Corporates Total Market IndexNo index, actively managed
Holdings in common33%

Holdings in common uses holdings dated May 29, 2026.

+1.2%
HYLB total return, 1 year
+0.8%
PHYL total return, 1 year
0.05%
HYLB expense ratio
0.39%
PHYL expense ratio

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Client brief · page 1 of 2Report BR-40C9405568

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

  1. What each follows. HYLB follows Solactive USD High Yield Corporates Total Market Index and PHYL follows No index, actively managed.
  2. Holdings in common. 33% of the weight is in the same securities (holdings dated May 29, 2026).
  3. Cost. HYLB charges 0.05% of assets a year and PHYL 0.39%, a gap of 0.34 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, HYLB and PHYL hold 33% of their money in the same securities at the same weight. Holdings dated May 29, 2026.

half

33% in common

Positions both hold, largest shared weight first
Holding HYLB PHYL
SATS 10.75 11/30/29 ., due Nov 30, 2029 0.51% 0.41%
BHCCN 10 04/15/32 144A, due Apr 15, 2032 0.53% 0.40%
TRACTD 6.5 05/01/31 144A, due May 1, 2031 0.40% 0.36%
ASUCOR 8 12/31/32 144A, due Dec 31, 2032 0.30% 0.46%
VENLNG 9.5 02/01/29 144A, due Feb 1, 2029 0.28% 0.44%
ASUCOR 8.375 02/01/34 144A, due Feb 1, 2034 0.28% 0.35%
DVA 4.625 06/01/30 144A, due Jun 1, 2030 0.23% 0.61%
NLSN 9.29 04/15/29 144A, due Apr 15, 2029 0.23% 0.35%
BWY 7.875 04/15/30 144A, due Apr 15, 2030 0.22% 0.29%
LVLT 7 03/31/34 144A, due Mar 31, 2034 0.22% 0.22%
UNSEAM 7.875 02/15/31 144A, due Feb 15, 2031 0.21% 0.58%
TLN 6.375 05/01/33 144A, due May 1, 2033 0.21% 0.21%
Only in HYLB
TIBX 6.5 03/31/29 144A, due Mar 31, 2029 0.35%
TIBX 9 09/30/29 144A, due Sep 30, 2029 0.33%
HBGCN 7.25 06/15/30 144A, due Jun 15, 2030 0.29%
TIHLLC 7.125 06/01/31 144A, due Jun 1, 2031 0.28%
CNC 4.625 12/15/29, due Dec 15, 2029 0.28%
CHTR 4.75 03/01/30 144A, due Mar 1, 2030 0.25%
EMECLI 6.625 12/15/30 144A, due Dec 15, 2030 0.25%
CHTR 4.5 08/15/30 144A, due Aug 15, 2030 0.22%
Only in PHYL
PGIM AAA CLO ETF 1.08%
RADIATE HOLDCO LLC, due Sep 25, 2029 0.90%
CVNA 9 06/01/30 144A, due Jun 1, 2030 0.74%
MERIDI 6.25 04/30/31 144A, due Apr 30, 2031 0.57%
TEKNI 12.75 12/31/28 144A, due Dec 31, 2028 0.53%
TRACTC 5.875 03/01/31 144A, due Mar 1, 2031 0.53%
T 3.75 04/30/28, due Apr 30, 2028 0.50%
BIGBRS 6.625 01/31/29 144A, due Jan 31, 2029 0.47%

Check overlap with more funds →

On the same fields

HYLB
Xtrackers USD High Yield Corporate Bond ETF
PHYL
PGIM Active High Yield Bond ETF
Where it sits Bond ETF Bond ETF
Issuer Xtrackers PGIM
What it is Tracks an index Actively managed
Total return, 1 year +1.2% +0.8%
Its benchmark over the same days −1.6% (IUSB) −1.9% (AGG)
Gap to its benchmark +2.8 pts vs IUSB +2.7 pts vs AGG
Expense ratio 0.05% 0.39%
Holdings 1277 783
Net assets, as of Oct 19, 2026 $3.2bn $1.5bn

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

About HYLB

HYLB tracks an index. Over the year to Oct 20, 2026 it returned +1.2% with distributions reinvested, against −1.6% for its benchmark, the Bloomberg U.S. Universal Bond Index. The prospectus expense ratio is 0.05% a year.

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, HYLB or PHYL?
In the year to Oct 20, 2026, with distributions reinvested, HYLB returned +1.2% and PHYL +0.8%.
Which is cheaper, HYLB or PHYL?
HYLB is cheaper, by 0.34 percentage points a year. That is about $34 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
FLHY vs HYLBHYLB vs JPHYHYLB vs JNKHYLB vs SHYGBHYB vs PHYLANGL vs PHYLPHYL vs SCYBPHYL vs SJNK
HYLB on its own →PHYL on its own →Hold both: look the portfolio through →Rankings →HYLB dividend history →HYLB holdings →PHYL dividend history →PHYL holdings →Standards and sources →
Where these figures came from
HYLB filings on SEC EDGAR ↗HYLB prospectus with the expense ratio (SEC) ↗Xtrackers website ↗PHYL filings on SEC EDGAR ↗PHYL prospectus with the expense ratio (SEC) ↗PGIM website ↗

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, HYLB against PHYL, data as of Oct 20, 2026. https://etfiq.com/compare/any/hylb-vs-phyl

Open data

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