SHYG vs USHY: Differences, Returns & Fees
On Jul 31, 2026 SHYG's duration was 2.1 years and USHY's 3.0; USHY charges 0.08% to SHYG's 0.30%. Net assets on Oct 20, 2026: $7.6bn for iShares 0-5 Year High Yield Corporate Bond ETF and $25.6bn for iShares Broad USD High Yield Corporate Bond ETF.
USHY costs 0.22 points a year less; their one-year returns differ by 0.9 points; USHY is 3.4 times larger.
| SHYG | USHY | |
|---|---|---|
| Expense ratio | 0.30% | 0.08% |
| Net assets | $7.6bn | $25.6bn |
| Total return, 1 year | +2.1% | +1.2% |
| What it tracks | Markit iBoxx USD Liquid High Yield 0-5 Index | ICE BofA US High Yield Constrained Index |
| Holdings in common | 55% | |
Holdings in common uses holdings dated Jul 31, 2026.
SHYG and USHY are built for the same job. How do they differ in cost, holdings and results?
- What each follows. SHYG follows Markit iBoxx USD Liquid High Yield 0-5 Index and USHY follows ICE BofA US High Yield Constrained Index.
- Cost. SHYG charges 0.30% of assets a year and USHY 0.08%, a gap of 0.22 points.
- Size. SHYG has $7.6bn in net assets and USHY $25.6bn (Net assets); USHY is 3.4 times larger.
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.
Take this comparison to a client
The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.
Not advice. The brief uses the figures on this page, with the data date and a report id. Saved comparisons are listed on your saved page; privacy.
What they hold in common
By the books each fund has filed, SHYG and USHY hold 55% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026.
half
55% in common
On the same fields
SHYG and USHY on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.
About SHYG
SHYG tracks an index. Over the year to Oct 20, 2026 it returned +2.1% with distributions reinvested, against −1.6% for its benchmark, the Bloomberg U.S. Universal Index. The prospectus expense ratio is 0.30% a year.
About USHY
USHY tracks an index of Broad USD High Yield Corporate Bond. Over the year to Oct 20, 2026 it returned +1.2% with distributions reinvested, against +1.1% 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, SHYG or USHY?
- In the year to Oct 20, 2026, with distributions reinvested, SHYG returned +2.1% and USHY +1.2%.
- Which is cheaper, SHYG or USHY?
- USHY is cheaper, by 0.22 percentage points a year. That is about $22 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, SHYG against USHY, data as of Oct 20, 2026. https://etfiq.com/compare/any/shyg-vs-ushy
ETFIQ. (Oct 20, 2026). SHYG against USHY. Retrieved from https://etfiq.com/compare/any/shyg-vs-ushy
[SHYG against USHY (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/shyg-vs-ushy)
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.