A
vs
B
Share
Compare their flowsAsk IQ about these two funds

HYLS vs SHYG: Differences, Returns & Fees

On Jul 31, 2026 HYLS's duration was 2.9 years and SHYG's 2.1; SHYG charges 0.30% to HYLS's 0.69%. Net assets on Oct 20, 2026: $1.6bn for First Trust Tactical High Yield ETF and $7.6bn for iShares 0-5 Year High Yield Corporate Bond ETF.

Ask IQ about this page

Ask IQ about HYLS and SHYG

Answers cite the figures on this page.

SHYG costs 0.39 points a year less; their one-year returns differ by 1.9 points; SHYG is 4.8 times larger.

HYLS vs SHYG: Differences, Returns & Fees
HYLSSHYG
Expense ratio0.69%0.30%
Net assets$1.6bn$7.6bn
Total return, 1 year+0.2%+2.1%
What it tracksNo index, actively managedMarkit iBoxx USD Liquid High Yield 0-5 Index
Holdings in commonnot published
+0.2%
HYLS total return, 1 year
+2.1%
SHYG total return, 1 year
0.69%
HYLS expense ratio
0.30%
SHYG expense ratio

Get HYLS and SHYG fund flows by email, every Monday.

Plus the Friday ETF note. Confirm from the link that arrives, and unsubscribe in one click. See Privacy.

Client brief · page 1 of 2Report BR-A1B085BE59

HYLS and SHYG 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 SHYG follows Markit iBoxx USD Liquid High Yield 0-5 Index.
  2. Number of holdings. HYLS holds 332 positions and SHYG holds 1146.
  3. Cost. HYLS charges 0.69% of assets a year and SHYG 0.30%, a gap of 0.39 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.

Take this comparison to a client

The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.

Not advice. The brief uses the figures on this page, with the data date and a report id. Saved comparisons are listed on your saved page; privacy.

On the same fields

HYLS
First Trust Tactical High Yield ETF
SHYG
iShares 0-5 Year High Yield Corporate Bond ETF
Where it sits Bond ETF Bond ETF
Issuer First Trust iShares
What it is Actively managed Tracks an index
Total return, 1 year +0.2% +2.1%
Its benchmark over the same days +1.2% (USHY) −1.6% (IUSB)
Gap to its benchmark −1.0 pts vs USHY +3.7 pts vs IUSB
Expense ratio 0.69% 0.30%
Holdings 332 1146
Net assets $1.6bn $7.6bn

HYLS and SHYG 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 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, HYLS or SHYG?
In the year to Oct 20, 2026, with distributions reinvested, HYLS returned +0.2% and SHYG +2.1%.
Which is cheaper, HYLS or SHYG?
SHYG is cheaper, by 0.39 percentage points a year. That is about $39 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
HYLS vs SPHYHYG vs HYLSHYLS vs USHYHYLS vs JNKFALN vs SHYGNHYB vs SHYGJBBB vs SHYGJPHY vs SHYG
HYLS on its own →SHYG on its own →Hold both: look the portfolio through →Rankings →HYLS dividend history →HYLS holdings →SHYG dividend history →SHYG 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 ↗SHYG filings on SEC EDGAR ↗SHYG prospectus with the expense ratio (SEC) ↗iShares page for SHYG ↗

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

Cite this pageCitation, APA and Markdown

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

Open data

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