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HYLS vs SCYB: Differences, Returns & Fees

HYLS's duration was 2.9 years on Jul 31, 2026 and SCYB's 3.0 on May 31, 2026; SCYB charges 0.03% to HYLS's 0.69%. Net assets: $1.6bn on Oct 20, 2026 for First Trust Tactical High Yield 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 0.66 points a year less; their one-year returns differ by 0.8 points.

HYLS vs SCYB: Differences, Returns & Fees
HYLSSCYB
Expense ratio0.69%0.03%
Net assets, HYLS as of Oct 20, 2026 and SCYB as of May 31, 2026$1.6bn$2.5bn
Total return, 1 year+0.2%+1.0%
What it tracksNo index, actively managednot read by ETFIQ
Holdings in commonnot published
+0.2%
HYLS total return, 1 year
+1.0%
SCYB total return, 1 year
0.69%
HYLS expense ratio
0.03%
SCYB expense ratio

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Client brief · page 1 of 2Report BR-8AA596B3DB

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

  1. What each follows. HYLS follows No index, actively managed and SCYB follows not read by ETFIQ.
  2. Number of holdings. HYLS holds 332 positions and SCYB holds 1833.
  3. Cost. HYLS charges 0.69% of assets a year and SCYB 0.03%, a gap of 0.66 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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On the same fields

HYLS
First Trust Tactical High Yield ETF
SCYB
Schwab High Yield Bond ETF
Where it sits Bond ETF Bond ETF
Issuer First Trust Schwab
What it is Actively managed Tracks an index
Total return, 1 year +0.2% +1.0%
Its benchmark over the same days +1.2% (USHY) −1.9% (AGG)
Gap to its benchmark −1.0 pts vs USHY +2.9 pts vs AGG
Expense ratio 0.69% 0.03%
Holdings 332 1833
Net assets, HYLS as of Oct 20, 2026 and SCYB as of May 31, 2026 $1.6bn $2.5bn

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

About HYLS

HYLS is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +0.2% with distributions reinvested, against +1.2% for its benchmark, the ICE BofA US High Yield Constrained Index. The prospectus expense ratio is 0.69% 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, HYLS or SCYB?
In the year to Oct 20, 2026, with distributions reinvested, HYLS returned +0.2% and SCYB +1.0%.
Which is cheaper, HYLS or SCYB?
SCYB is cheaper, by 0.66 percentage points a year. That is about $66 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
ANGL vs HYLSBHYB vs HYLSHYLS vs SJNKHYLS vs JNKFALN vs SCYBFLHY vs SCYBJPHY vs SCYBANGL vs SCYB
HYLS on its own →SCYB on its own →Hold both: look the portfolio through →Rankings →HYLS dividend history →HYLS holdings →SCYB dividend history →SCYB holdings →Standards and sources →
Where these figures came from
HYLS filings on SEC EDGAR ↗HYLS prospectus with the expense ratio (SEC) ↗First Trust page for HYLS ↗SCYB filings on SEC EDGAR ↗SCYB prospectus with the expense ratio (SEC) ↗Schwab website ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

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

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