NHYB vs PHYL: Differences, Returns & Fees
NHYB's duration was 3.2 years on Jul 31, 2026 and PHYL's 3.0 on May 29, 2026; NHYB charges 0.08% to PHYL's 0.39%. Net assets: $1.7bn on Jul 31, 2026 for Nuveen High Yield Corporate Bond ETF, and $1.5bn on Oct 19, 2026 for PGIM Active High Yield Bond ETF.
NHYB costs 0.31 points a year less; their one-year returns differ by 0.7 points.
| NHYB | PHYL | |
|---|---|---|
| Expense ratio | 0.08% | 0.39% |
| Net assets, NHYB as of Jul 31, 2026 and PHYL as of Oct 19, 2026 | $1.7bn | $1.5bn |
| Total return, 1 year | +1.5% | +0.8% |
| What it tracks | ICE BofA BB-B U.S. Cash Pay High Yield Constrained Index | No index, actively managed |
| Holdings in common | 31% | |
Holdings in common uses holdings dated May 29, 2026 and Jul 31, 2026.
NHYB and PHYL are built for the same job. How do they differ in cost, holdings and results?
- What each follows. NHYB follows ICE BofA BB-B U.S. Cash Pay High Yield Constrained Index and PHYL follows No index, actively managed.
- Holdings in common. 31% of the weight is in the same securities (holdings dated Jul 31, 2026 and May 29, 2026).
- Cost. NHYB charges 0.08% of assets a year and PHYL 0.39%, a gap of 0.31 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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What they hold in common
By the books each fund has filed, NHYB and PHYL hold 31% of their money in the same securities at the same weight. Holdings dated May 29, 2026 and Jul 31, 2026.
half
31% in common
On the same fields
NHYB and PHYL on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.
About NHYB
NHYB tracks an index. Over the year to Oct 20, 2026 it returned +1.5% with distributions reinvested, against −1.9% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.08% a year.
About PHYL
PHYL is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +0.8% with distributions reinvested, against −1.9% for its benchmark, the Bloomberg US Aggregate Bond Index. The prospectus expense ratio is 0.39% a year.
Questions people ask
- Which returned more over the last year, NHYB or PHYL?
- In the year to Oct 20, 2026, with distributions reinvested, NHYB returned +1.5% and PHYL +0.8%.
- Which is cheaper, NHYB or PHYL?
- NHYB is cheaper, by 0.31 percentage points a year. That is about $31 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.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
Cite this pageCitation, APA and Markdown
ETFIQ, NHYB against PHYL, data as of Oct 20, 2026. https://etfiq.com/compare/any/nhyb-vs-phyl
ETFIQ. (Oct 20, 2026). NHYB against PHYL. Retrieved from https://etfiq.com/compare/any/nhyb-vs-phyl
[NHYB against PHYL (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/nhyb-vs-phyl)
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