Data as of Oct 28, 2026.

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QUAL vs USHY: Differences, Returns & Fees

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Over the year to Oct 28, 2026, QUAL returned +13.1% to USHY's +1.7%; 0% of their weight is in the same names.

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Net assets: $48.2bn on Oct 28, 2026 for iShares MSCI USA Quality Factor ETF, and $26.3bn on Oct 27, 2026 for iShares Broad USD High Yield Corporate Bond ETF.

At a glance
+13.1%
QUAL total return, 1 year
+1.7%
USHY total return, 1 year
0.15%
QUAL expense ratio
0.08%
USHY expense ratio

Pair scorecard

USHY costs 0.07 points a year less; their one-year returns differ by 11.4 points; QUAL is 1.9 times larger.

QUAL vs USHY: Differences, Returns & Fees
MeasureQUALUSHY
Return
Total return, 1 year+13.1%+1.7%
Benchmark
What it tracksMSCI USA Sector Neutral Quality IndexICE BofA US High Yield Constrained Index
Cost and size
Expense ratio0.15%0.08%
Net assets, as of Oct 23, 2026$48.2bn$25.8bn
Holdings
Holdings in common0%
In the S&P 500, by weight97%
Top ten holdings, share of the fund44.5%

Holdings in common uses holdings dated Oct 27, 2026. Method

What they share

0%

By the books each fund has filed, QUAL and USHY hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first QUAL USHY
Only in one fund ↓
Only in QUAL
MICROSOFT 8.09%
APPLE 7.38%
NVIDIA 6.28%
META PLATFORMS CLASS A 4.06%
ELI LILLY 4.04%
TJX 3.50%
VISA CLASS A 3.44%
LAM RESEARCH 2.84%
Only in USHY
1261229 BC LTD 144A 0.48%
ECHOSTAR CORP 0.40%
MERIDIAN ARC HOLDCO LLC 144A 0.36%
PR RNO PROPERTY OWNER 1 LLC 144A 0.31%
SOFTBANK GROUP CORP 144A 0.30%
SOFTBANK GROUP CORP 144A 0.29%
CLOUD SOFTWARE GROUP LLC 144A 0.27%
QUIKRETE HOLDINGS INC 144A 0.27%
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Side by side

QUAL iShares MSCI USA Quality Factor ETF USHY iShares Broad USD High Yield Corporate Bond ETF
Where it sits Stock ETF Bond ETF
What it is Tracks the MSCI USA Quality Factor Tracks an index of Broad USD High Yield Corporate Bond
Total return, 1 year +13.1% +1.7%
Its benchmark over the same days +13.6% (MLRG) +1.8% (SPHY)
Gap to its benchmark −0.5 pts vs MLRG −0.1 pts vs SPHY
Expense ratio 0.15% 0.08%
Holdings 119 1900
Net assets, QUAL as of Oct 28, 2026 and USHY as of Oct 27, 2026 $48.2bn $26.3bn

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

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About each fund
QUAL

QUAL tracks the MSCI USA Quality Factor. Over the year to Oct 28, 2026 it returned +13.1% with distributions reinvested, against +13.6% for its benchmark, the MSCI USA Index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 119 positions, with the top ten at 44.5%.

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, QUAL or USHY?
In the year to Oct 28, 2026, with distributions reinvested, QUAL returned +13.1% and USHY +1.7%.
Which is cheaper, QUAL or USHY?
USHY is cheaper, by 0.07 percentage points a year. That is about $7 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, QUAL against USHY, data as of Oct 28, 2026. https://etfiq.com/compare/any/qual-vs-ushy

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