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PHYL vs SCYB: Differences, Returns & Fees

PHYL's duration was 3.0 years on May 29, 2026 and SCYB's 3.0 on May 31, 2026; SCYB charges 0.03% to PHYL's 0.39%. Net assets: $1.5bn on Oct 19, 2026 for PGIM Active High Yield Bond ETF, and $2.5bn on May 31, 2026 for Schwab High Yield Bond ETF.

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Ask IQ about PHYL and SCYB

Answers cite the figures on this page.

SCYB costs 0.36 points a year less; their one-year returns differ by 0.2 points; SCYB is 3.6 times larger.

PHYL vs SCYB: Differences, Returns & Fees
PHYLSCYB
Expense ratio0.39%0.03%
Net assets, as of Feb 28, 2025$255m$909m
Total return, 1 year+0.8%+1.0%
What it tracksNo index, actively managednot read by ETFIQ
Holdings in common33%

Holdings in common uses holdings dated May 29, 2026 and May 31, 2026.

+0.8%
PHYL total return, 1 year
+1.0%
SCYB total return, 1 year
0.39%
PHYL expense ratio
0.03%
SCYB expense ratio

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Client brief · page 1 of 2Report BR-E9CE38F4BF

PHYL and SCYB are built for the same job. How do they differ in cost, holdings and results?

  1. What each follows. PHYL follows No index, actively managed and SCYB follows not read by ETFIQ.
  2. Holdings in common. 33% of the weight is in the same securities (holdings dated May 29, 2026 and May 31, 2026).
  3. Cost. PHYL charges 0.39% of assets a year and SCYB 0.03%, a gap of 0.36 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, PHYL and SCYB hold 33% of their money in the same securities at the same weight. Holdings dated May 29, 2026 and May 31, 2026.

half

33% in common

Positions both hold, largest shared weight first
Holding PHYL SCYB
BHCCN 10 04/15/32 144A, due Apr 15, 2032 0.40% 0.42%
MERIDI 6.25 04/30/31 144A, due Apr 30, 2031 0.57% 0.36%
SATS 10.75 11/30/29 ., due Nov 30, 2029 0.41% 0.29%
TRACTC 5.875 03/01/31 144A, due Mar 1, 2031 0.53% 0.23%
ASUCOR 8 12/31/32 144A, due Dec 31, 2032 0.46% 0.22%
ASUCOR 8.375 02/01/34 144A, due Feb 1, 2034 0.35% 0.22%
VENLNG 9.5 02/01/29 144A, due Feb 1, 2029 0.44% 0.22%
WULF 7.75 10/15/30 144A, due Oct 15, 2030 0.40% 0.20%
EA 7.25 07/01/33 144A, due Jul 1, 2033 0.18% 0.19%
BWY 7.875 04/15/30 144A, due Apr 15, 2030 0.29% 0.18%
NLSN 9.29 04/15/29 144A, due Apr 15, 2029 0.35% 0.18%
TDG 6.375 03/01/29 144A, due Mar 1, 2029 0.18% 0.17%
Only in PHYL
PGIM AAA CLO ETF 1.08%
RADIATE HOLDCO LLC, due Sep 25, 2029 0.90%
CVNA 9 06/01/30 144A, due Jun 1, 2030 0.74%
T 3.75 04/30/28, due Apr 30, 2028 0.50%
BIGBRS 6.625 01/31/29 144A, due Jan 31, 2029 0.47%
VST 7.75 10/15/31 144A, due Oct 15, 2031 0.45%
FREMOR 6.625 01/15/27 144a, due Jan 15, 2027 0.44%
GGAMFI 8 02/15/27 144A, due Feb 15, 2027 0.41%
Only in SCYB
Cloud Software Group Inc, due Mar 31, 2029 0.27%
Centene Corp, due Dec 15, 2029 0.22%
Cloud Software Group Inc, due Sep 30, 2029 0.21%
Discovery Global Holdings Inc, due Mar 15, 2042 0.21%
Medline Borrower LP, due Oct 1, 2029 0.20%
EMRLD Borrower LP / Emerald Co-Issuer Inc, due Dec 15, 2030 0.19%
CCO Holdings LLC / CCO Holdings Capital Corp, due Aug 15, 2030 0.18%
CCO Holdings LLC / CCO Holdings Capital Corp, due Mar 1, 2030 0.18%

Check overlap with more funds →

On the same fields

PHYL
PGIM Active High Yield Bond ETF
SCYB
Schwab High Yield Bond ETF
Where it sits Bond ETF Bond ETF
Issuer PGIM Schwab
What it is Actively managed Tracks an index
Total return, 1 year +0.8% +1.0%
Its benchmark over the same days −1.9% (AGG) −1.9% (AGG)
Gap to its benchmark +2.7 pts vs AGG +2.9 pts vs AGG
Expense ratio 0.39% 0.03%
Holdings 783 1833
Net assets, PHYL as of Oct 19, 2026 and SCYB as of May 31, 2026 $1.5bn $2.5bn

PHYL and SCYB on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.

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.

About SCYB

SCYB tracks an index. Over the year to Oct 20, 2026 it returned +1.0% with distributions reinvested, against −1.9% for its benchmark, the Bloomberg US Aggregate Bond Index. The prospectus expense ratio is 0.03% a year.

Questions people ask

Which returned more over the last year, PHYL or SCYB?
In the year to Oct 20, 2026, with distributions reinvested, PHYL returned +0.8% and SCYB +1.0%.
Which is cheaper, PHYL or SCYB?
SCYB is cheaper, by 0.36 percentage points a year. That is about $36 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
ANGL vs PHYLBHYB vs PHYLHYLB vs PHYLHYGV vs PHYLHFSI vs SCYBANGL vs SCYBBHYB vs SCYBHYLB vs SCYB
PHYL on its own →SCYB on its own →Hold both: look the portfolio through →Rankings →PHYL dividend history →PHYL holdings →SCYB dividend history →SCYB holdings →Standards and sources →
Where these figures came from
PHYL filings on SEC EDGAR ↗PHYL prospectus with the expense ratio (SEC) ↗PGIM website ↗SCYB filings on SEC EDGAR ↗SCYB prospectus with the expense ratio (SEC) ↗Schwab website ↗

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, PHYL against SCYB, data as of Oct 20, 2026. https://etfiq.com/compare/any/phyl-vs-scyb

Open data

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