Data as of Oct 28, 2026.

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MBB vs USHY: Differences, Returns & Fees

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MBB's duration was 5.7 years on Aug 31, 2026 and USHY's 3.0 on Jul 31, 2026; MBB charges 0.04% to USHY's 0.08%.

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Net assets: $35.5bn on Oct 28, 2026 for iShares MBS ETF, and $26.3bn on Oct 27, 2026 for iShares Broad USD High Yield Corporate Bond ETF.

At a glance
−0.8%
MBB total return, 1 year
+1.7%
USHY total return, 1 year
0.04%
MBB expense ratio
0.08%
USHY expense ratio

Pair scorecard

MBB costs 0.04 points a year less; their one-year returns differ by 2.5 points; MBB is 1.4 times larger.

MBB vs USHY: Differences, Returns & Fees
MeasureMBBUSHY
Return
Total return, 1 year−0.8%+1.7%
Benchmark
What it tracksBloomberg U.S. MBS IndexICE BofA US High Yield Constrained Index
Cost and size
Expense ratio0.04%0.08%
Net assets, as of Oct 23, 2026$35.5bn$25.8bn
Holdings
Holdings in common0%

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

What they share

0%

By the books each fund has filed, MBB and USHY hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Aug 31, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first MBB USHY
Only in one fund ↓
Only in MBB
Ginnie Mae, due Sep 1, 2056 1.05%
Freddie Mac Pool, due May 1, 2051 0.98%
Uniform Mortgage-Backed Security, TBA, due Sep 1, 2056 0.85%
Uniform Mortgage-Backed Security, TBA, due Sep 1, 2056 0.70%
Ginnie Mae, due Sep 1, 2056 0.53%
Ginnie Mae II Pool, due Nov 20, 2054 0.51%
Ginnie Mae II Pool, due Oct 20, 2051 0.51%
Ginnie Mae II Pool, due Dec 20, 2051 0.50%
Only in USHY
1261229 BC Ltd, due Apr 15, 2032 0.47%
Meridian Arc Holdco LLC, due Apr 30, 2031 0.39%
EchoStar Corp, due Nov 30, 2029 0.39%
Quikrete Holdings Inc, due Mar 1, 2032 0.29%
PR RNO Property Owner 1 LLC, due May 1, 2031 0.28%
Asurion LLC/ Asurion Co-Issuer Inc, due Dec 31, 2032 0.26%
Cloud Software Group LLC, due Mar 31, 2029 0.26%
Cloud Software Group LLC, due Sep 30, 2029 0.25%
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Side by side

MBB iShares MBS ETF USHY iShares Broad USD High Yield Corporate Bond ETF
Where it sits Bond ETF Bond ETF
What it is Tracks an index of mortgage-backed securities Tracks an index of Broad USD High Yield Corporate Bond
Total return, 1 year −0.8% +1.7%
Its benchmark over the same days −1.1% (SPMB) +1.8% (SPHY)
Gap to its benchmark +0.3 pts vs SPMB −0.1 pts vs SPHY
Expense ratio 0.04% 0.08%
Holdings 10813 1900
Net assets, MBB as of Oct 28, 2026 and USHY as of Oct 27, 2026 $35.5bn $26.3bn

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

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About each fund
MBB

MBB tracks an index of mortgage-backed securities. Over the year to Oct 28, 2026 it returned −0.8% with distributions reinvested, against −1.1% for its benchmark, the Bloomberg U.S. MBS Index. The prospectus expense ratio is 0.04% 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, MBB or USHY?
In the year to Oct 28, 2026, with distributions reinvested, MBB returned −0.8% and USHY +1.7%.
Which is cheaper, MBB or USHY?
MBB is cheaper, by 0.04 percentage points a year. That is about $4 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, MBB against USHY, data as of Oct 28, 2026. https://etfiq.com/compare/any/mbb-vs-ushy

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