Data as of Oct 28, 2026.

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IUSB vs USHY: Differences, Returns & Fees

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On Jul 31, 2026 IUSB's duration was 5.5 years and USHY's 3.0; IUSB charges 0.06% to USHY's 0.08%.

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Net assets on Oct 27, 2026: $49.8bn for iShares Core Universal USD Bond ETF and $26.3bn for iShares Broad USD High Yield Corporate Bond ETF.

At a glance
−1.2%
IUSB total return, 1 year
+1.7%
USHY total return, 1 year
0.06%
IUSB expense ratio
0.08%
USHY expense ratio

Pair scorecard

IUSB costs 0.02 points a year less; their one-year returns differ by 2.9 points; IUSB is 1.9 times larger.

IUSB vs USHY: Differences, Returns & Fees
MeasureIUSBUSHY
Return
Total return, 1 year−1.2%+1.7%
Benchmark
What it tracksBloomberg U.S. Universal IndexICE BofA US High Yield Constrained Index
Cost and size
Expense ratio0.06%0.08%
Net assets, as of Oct 27, 2026$49.8bn$26.3bn
Holdings
Holdings in common4%

Holdings in common uses holdings dated Jul 31, 2026. Method

Risk and return

Nov 3, 2017 to Oct 23, 2026 · 468 weekly returns
IUSB USHY
Return
Total return edge USHY +16.1% +47.3%
Annualized edge USHY +1.7% +4.4%
Price return edge IUSB −12.4% −14.9%
Risk
Volatility edge IUSB 5.6% 9.7%
Max drawdown edge IUSB −17.7% −21.9%
Risk-adjusted
Sharpe edge USHY −0.16 0.21
Sortino edge USHY −0.22 0.30
Calmar edge USHY 0.09 0.20
Reading

USHY returned more: +47.3% to +16.1%. IUSB swung less: 5.6% to 9.7%. IUSB fell less at its worst: −17.7% to −21.9%.

Full scorecard

9 measures, with how each is measured
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Risk and return: IUSB vs USHY: Differences, Returns & Fees
MeasureIUSBUSHYEdgeHow it is measured
Return
Total return+16.1%+47.3%USHYPrice change plus distributions, reinvested.
Annualized+1.7%+4.4%USHYTotal return as a yearly rate.
Price return−12.4%−14.9%IUSBPrice change alone, distributions left out.
Risk
Volatility5.6%9.7%IUSBSpread of weekly returns, annualized. Lower is steadier.
Downside deviation4.1%6.8%IUSBLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−17.7%−21.9%IUSBDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe−0.160.21USHYReturn above Treasury bills per unit of volatility.
Sortino−0.220.30USHYReturn above Treasury bills per unit of downside deviation.
Calmar0.090.20USHYAnnualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 468 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

4%

By the books each fund has filed, IUSB and USHY hold 4% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026.

0 half 100%

half

4% in common

Positions both hold · largest shared weight first IUSB USHY
1261229 BC Ltd., due Apr 15, 2032 0.02% 0.47%
PR RNO Property Owner 1 LLC, due May 1, 2031 0.02% 0.28%
Meridian Arc Holdco LLC, due Apr 30, 2031 0.02% 0.39%
EchoStar Corp., due Nov 30, 2029 0.01% 0.39%
Cloud Software Group LLC, due Mar 31, 2029 0.01% 0.26%
Quikrete Holdings, Inc., due Mar 1, 2032 0.01% 0.29%
Cloud Software Group LLC, due Sep 30, 2029 0.01% 0.25%
SV RNO Property Owner 1 LLC, due Mar 1, 2031 0.01% 0.24%
Nexstar Media, Inc., due Sep 15, 2033 0.01% 0.23%
Centene Corp., due Dec 15, 2029 0.01% 0.21%
Venture Global LNG, Inc., due Feb 1, 2029 0.01% 0.22%
HUB International Ltd., due Jun 15, 2030 0.01% 0.24%
Only in one fund ↓
Only in IUSB
Uniform Mortgage-Backed Securities, due Aug 25, 2056 0.41%
U.S. Treasury Notes, due Dec 31, 2029 0.37%
U.S. Treasury Notes, due May 15, 2036 0.37%
U.S. Treasury Notes, due Feb 15, 2034 0.36%
U.S. Treasury Notes, due Feb 15, 2035 0.35%
U.S. Treasury Notes, due Aug 15, 2035 0.34%
U.S. Treasury Notes, due May 15, 2034 0.34%
U.S. Treasury Notes, due Nov 15, 2034 0.34%
Only in USHY
Electricite de France SA, due Mar 15, 2033 0.12%
Dresdner Funding Trust I, due Jun 30, 2031 0.07%
Resorts World Las Vegas LLC / RWLV Capital Inc, due Apr 16, 2029 0.06%
Zayo Group Holdings Inc, due Sep 9, 2030 0.05%
Millicom International Cellular SA, due Apr 27, 2031 0.04%
CITGO Petroleum Corp, due Jan 15, 2029 0.04%
NOVA Chemicals Corp, due Feb 15, 2030 0.04%
Millicom International Cellular SA, due Mar 25, 2029 0.04%
Check overlap with more funds →

Side by side

IUSB iShares Core Universal USD Bond ETF USHY iShares Broad USD High Yield Corporate Bond ETF
Where it sits Bond ETF Bond ETF
What it is Tracks an index of Universal USD Bond Tracks an index of Broad USD High Yield Corporate Bond
Total return, 1 year −1.2% +1.7%
Its benchmark over the same days not measured +1.8% (SPHY)
Gap to its benchmark not measured −0.1 pts vs SPHY
Expense ratio 0.06% 0.08%
Holdings 18338 1900
Net assets, as of Oct 27, 2026 $49.8bn $26.3bn

IUSB and USHY on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-DB6D433C09

IUSB and USHY do different jobs. What does each one do in a portfolio?

  1. What each follows. IUSB follows Bloomberg U.S. Universal Index and USHY follows ICE BofA US High Yield Constrained Index.
  2. Holdings in common. 4% of the weight is in the same securities (holdings dated Jul 31, 2026).
  3. One-year total return. Over 1 year to Oct 28, 2026 IUSB returned −1.2% and USHY +1.7% with distributions reinvested, a gap of 2.9 points.

Data as of Oct 28, 2026.

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About each fund
IUSB

IUSB tracks an index of Universal USD Bond. Over the year to Oct 28, 2026 it returned −1.2% with distributions reinvested. The prospectus expense ratio is 0.06% a year.

USHY

USHY tracks an index of Broad USD High Yield Corporate Bond. Over the year to Oct 28, 2026 it returned +1.7% with distributions reinvested, against +1.8% 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, IUSB or USHY?
In the year to Oct 28, 2026, with distributions reinvested, IUSB returned −1.2% and USHY +1.7%.
Which is cheaper, IUSB or USHY?
IUSB is cheaper, by 0.02 percentage points a year. That is about $2 on $10,000 held for a year. Fees come from each fund's prospectus.
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Cite this pageCitation, APA and Markdown

ETFIQ, IUSB against USHY, data as of Oct 28, 2026. https://etfiq.com/compare/any/iusb-vs-ushy

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