Data as of Oct 28, 2026.

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USHY vs VYM: Differences, Returns & Fees

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Over the year to Oct 28, 2026, USHY returned +1.7% to VYM's +18.0%; 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 $78.9bn on Sep 30, 2026 for Vanguard High Dividend Yield ETF.

At a glance
+1.7%
USHY total return, 1 year
+18.0%
VYM total return, 1 year
0.08%
USHY expense ratio
0.04%
VYM expense ratio

Pair scorecard

VYM costs 0.04 points a year less; their one-year returns differ by 16.3 points; VYM is 3.0 times larger.

USHY vs VYM: Differences, Returns & Fees
MeasureUSHYVYM
Return
Total return, 1 year+1.7%+18.0%
Benchmark
What it tracksICE BofA US High Yield Constrained IndexFTSE High Dividend Yield Index
Cost and size
Expense ratio0.08%0.04%
Net assets, as of Sep 30, 2026$26.0bn$78.9bn
Holdings
Holdings in common0%
In the S&P 500, by weight90%
Top ten holdings, share of the fund26.2%

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 returns
USHY VYM
Return
Total return edge VYM +47.3% +156.0%
Annualized edge VYM +4.4% +11.0%
Price return edge VYM −14.9% +95.0%
Risk
Volatility edge USHY 9.7% 16.6%
Max drawdown edge USHY −21.9% −32.4%
Risk-adjusted
Sharpe edge VYM 0.21 0.55
Sortino edge VYM 0.30 0.76
Calmar edge VYM 0.20 0.34
Reading

VYM returned more: +156.0% to +47.3%. USHY swung less: 9.7% to 16.6%. USHY fell less at its worst: −21.9% to −32.4%.

Full scorecard

9 measures, with how each is measured
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Risk and return: USHY vs VYM: Differences, Returns & Fees
MeasureUSHYVYMEdgeHow it is measured
Return
Total return+47.3%+156.0%VYMPrice change plus distributions, reinvested.
Annualized+4.4%+11.0%VYMTotal return as a yearly rate.
Price return−14.9%+95.0%VYMPrice change alone, distributions left out.
Risk
Volatility9.7%16.6%USHYSpread of weekly returns, annualized. Lower is steadier.
Downside deviation6.8%12.0%USHYLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−21.9%−32.4%USHYDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.210.55VYMReturn above Treasury bills per unit of volatility.
Sortino0.300.76VYMReturn above Treasury bills per unit of downside deviation.
Calmar0.200.34VYMAnnualized 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

0%

By the books each fund has filed, USHY and VYM hold 0% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first USHY VYM
Only in one fund ↓
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%
Only in VYM
Broadcom Inc 6.93%
JPMorgan Chase & Co 3.75%
ExxonMobil Holdings Corp 2.84%
Johnson & Johnson 2.71%
AbbVie Inc 1.96%
Cisco Systems Inc 1.80%
Chevron Corp 1.61%
Caterpillar Inc 1.56%
Check overlap with more funds →

Side by side

USHY iShares Broad USD High Yield Corporate Bond ETF VYM Vanguard High Dividend Yield ETF
Where it sits Bond ETF Stock ETF
What it is Tracks an index of Broad USD High Yield Corporate Bond Tracks an index of US high dividend
Total return, 1 year +1.7% +18.0%
Its benchmark over the same days +1.8% (SPHY) not measured
Gap to its benchmark −0.1 pts vs SPHY not measured
Expense ratio 0.08% 0.04%
Holdings 1900 595
Net assets, USHY as of Oct 27, 2026 and VYM as of Sep 30, 2026 $26.3bn $78.9bn

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

Client brief · page 1 of 2 Report BR-9F04129B0D

USHY and VYM do different jobs. What does each one do in a portfolio?

  1. What each follows. USHY follows ICE BofA US High Yield Constrained Index and VYM follows FTSE High Dividend Yield Index.
  2. Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026 and Sep 30, 2026).
  3. One-year total return. Over 1 year to Oct 28, 2026 USHY returned +1.7% and VYM +18.0% with distributions reinvested, a gap of 16.3 points.

Data as of Oct 28, 2026.

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About each fund
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.

VYM

VYM tracks an index of US high dividend. Over the year to Oct 28, 2026 it returned +18.0% with distributions reinvested. The prospectus expense ratio is 0.04% a year. By its holdings published by its issuer as of Sep 30, 2026, 90% of the fund by weight is stocks the S&P 500 also holds, across 595 positions, with the top ten at 26.2%.

Questions people ask

Which returned more over the last year, USHY or VYM?
In the year to Oct 28, 2026, with distributions reinvested, USHY returned +1.7% and VYM +18.0%.
Which is cheaper, USHY or VYM?
VYM is cheaper, by 0.04 percentage points a year. That is about $4 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, USHY against VYM, data as of Oct 28, 2026. https://etfiq.com/compare/any/ushy-vs-vym

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