Data as of Oct 28, 2026.
USHY vs VBR: Differences, Returns & Fees
Over the year to Oct 28, 2026, USHY returned +1.7% to VBR's +17.6%; 0% of their weight is in the same names.
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Net assets: $26.3bn on Oct 27, 2026 for iShares Broad USD High Yield Corporate Bond ETF, and $35.1bn on Sep 30, 2026 for Vanguard Morningstar Small-Cap Value ETF.
Pair scorecard
VBR costs 0.03 points a year less; their one-year returns differ by 15.9 points; VBR is 1.4 times larger.
| Measure | USHY | VBR |
|---|---|---|
| Return | ||
| Total return, 1 year | +1.7% | +17.6% |
| Drawdown | ||
| Below its high | 3.9%, high on Aug 14, 2026 | |
| Benchmark | ||
| What it tracks | ICE BofA US High Yield Constrained Index | Morningstar US Small Cap Value Index |
| Cost and size | ||
| Expense ratio | 0.08% | 0.05% |
| Net assets, as of Sep 30, 2026 | $26.0bn | $35.1bn |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 30% | |
| Top ten holdings, share of the fund | 5.9% | |
Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method
Risk and return
Nov 3, 2017 to Oct 23, 2026 · 468 weekly returnsVBR returned more: +125.1% to +47.3%. USHY swung less: 9.7% to 22.8%. USHY fell less at its worst: −21.9% to −43.3%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | USHY | VBR | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +47.3% | +125.1% | VBR | Price change plus distributions, reinvested. |
| Annualized | +4.4% | +9.4% | VBR | Total return as a yearly rate. |
| Price return | −14.9% | +86.7% | VBR | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 9.7% | 22.8% | USHY | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 6.8% | 16.1% | USHY | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −21.9% | −43.3% | USHY | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.21 | 0.39 | VBR | Return above Treasury bills per unit of volatility. |
| Sortino | 0.30 | 0.55 | VBR | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.20 | 0.22 | VBR (slight) | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 468 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, USHY and VBR hold 0% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
USHY and VBR on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
USHY and VBR do different jobs. What does each one do in a portfolio?
- What each follows. USHY follows ICE BofA US High Yield Constrained Index and VBR follows Morningstar US Small Cap Value Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026 and Sep 30, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 USHY returned +1.7% and VBR +17.6% with distributions reinvested, a gap of 15.9 points.
Data as of Oct 28, 2026.
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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.
VBR
VBR tracks an index of Small-Cap Value. Over the year to Oct 28, 2026 it returned +17.6% with distributions reinvested. The prospectus expense ratio is 0.05% a year. By its holdings published by its issuer as of Sep 30, 2026, 30% of the fund by weight is stocks the S&P 500 also holds, across 822 positions, with the top ten at 5.9%. It sat 3.9% below its high of Aug 14, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, USHY or VBR?
- In the year to Oct 28, 2026, with distributions reinvested, USHY returned +1.7% and VBR +17.6%.
- Which is cheaper, USHY or VBR?
- VBR is cheaper, by 0.03 percentage points a year. That is about $3 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. 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.
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ETFIQ, USHY against VBR, data as of Oct 28, 2026. https://etfiq.com/compare/any/ushy-vs-vbr
ETFIQ. (Oct 28, 2026). USHY against VBR. Retrieved from https://etfiq.com/compare/any/ushy-vs-vbr
[USHY against VBR (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/ushy-vs-vbr)
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