HYLS vs USHY: Differences, Returns & Fees
On Jul 31, 2026 HYLS's duration was 2.9 years and USHY's 3.0; USHY charges 0.08% to HYLS's 0.69%. Net assets on Oct 20, 2026: $1.6bn for First Trust Tactical High Yield ETF and $25.6bn for iShares Broad USD High Yield Corporate Bond ETF.
USHY costs 0.61 points a year less; their one-year returns differ by 1.0 point; USHY is 16.1 times larger.
| HYLS | USHY | |
|---|---|---|
| Expense ratio | 0.69% | 0.08% |
| Net assets | $1.6bn | $25.6bn |
| Total return, 1 year | +0.2% | +1.2% |
| What it tracks | No index, actively managed | ICE BofA US High Yield Constrained Index |
| Holdings in common | not published | |
HYLS and USHY are built for the same job. How do they differ in cost, holdings and results?
- What each follows. HYLS follows No index, actively managed and USHY follows ICE BofA US High Yield Constrained Index.
- Number of holdings. HYLS holds 332 positions and USHY holds 1901.
- Cost. HYLS charges 0.69% of assets a year and USHY 0.08%, a gap of 0.61 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 and USHY 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 USHY
USHY tracks an index of Broad USD High Yield Corporate Bond. Over the year to Oct 20, 2026 it returned +1.2% with distributions reinvested, against +1.1% for its benchmark, the ICE BofA US High Yield Constrained Index, measured by the closely related ICE BofA US High Yield Index. The prospectus expense ratio is 0.08% a year.
Questions people ask
- Which returned more over the last year, HYLS or USHY?
- In the year to Oct 20, 2026, with distributions reinvested, HYLS returned +0.2% and USHY +1.2%.
- Which is cheaper, HYLS or USHY?
- USHY is cheaper, by 0.61 percentage points a year. That is about $61 on $10,000 held for a year. Fees come from each fund's prospectus.
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 USHY, data as of Oct 20, 2026. https://etfiq.com/compare/any/hyls-vs-ushy
ETFIQ. (Oct 20, 2026). HYLS against USHY. Retrieved from https://etfiq.com/compare/any/hyls-vs-ushy
[HYLS against USHY (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/hyls-vs-ushy)
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.