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Schwab High Yield Bond ETF

SCYBNYSE ArcaSchwabA

$25.080.00 (0.00%)

As of Nov 3, 2026, 3:59 PM ET

Intraday session: flat, 79 prints from 25.08 to 25.08. Range 25.04 to 25.09. Use the arrow keys to read each point.25.0425.0525.0625.0710 AM12 PM2 PM4 PM
Expense ratio
0.03%
Fund size
$2.8B
1Y total return
+2.0%
Yield · Last 12 months
7.82%
Holdings
1844
Avg volume · 30D
1.1M sh
52W range
low $24.91high $26.65
Launched

The ETF.net SCYB Grade

A

Score 89 out of 100

Rank
2 of 85
Six-pillar profile for SCYB. Scores out of 100: Cost 100, Risk 60, Mission 100, Tradability 81, Holdings 99, Durability 68. Strongest: Cost (100). Weakest: Risk (60). No single pillar leads.

Score 89 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A100 out of 100
    Rank 1 of 85
  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A100 out of 100
    Rank 1 of 77
  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B60 out of 100
    Rank 20 of 85
  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A81 out of 100
    Rank 8 of 85
  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A99 out of 100
    Rank 1 of 85
  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B68 out of 100
    Rank 27 of 85

Our read on SCYB

ETF.net Research

In short

AThree basis points for the broad US high-yield corporate market. Schwab undercuts a category where the typical fund charges more than ten times as much, spreading the bet across roughly 1,800 bonds and paying monthly.

Stated mandate

The fund follows a rules-based strategy intended to track the high-yield bond market, primarily through bonds in the Bloomberg Barclays US Corporate High Yield Total Return Index and similar derivatives.

Why people hold it

  • 0.03% a year against a category median of 0.40%. Even the cheap rivals sit above it: SPHY at 0.05%, USHY at 0.08%.
  • Tracks the same Bloomberg US Corporate High Yield index as BKHY, which charges 0.22%. Same map, cheaper toll.
  • Roughly 1,800 bonds, so no single issuer's blowup drives the outcome. Rules-based and passive, and it has hugged its index closely.
  • A multi-billion-dollar fund that trades actively and pays monthly, which matters in a corner of the market where getting out cheaply is half the job.

Worth knowing

  • High yield means below-investment-grade credit. These bonds behave more like stocks than Treasuries when the economy sours, and the extra income is the payment for that risk.
  • Launched in 2023, so it has a shorter record than rivals that have traded through more credit cycles.
  • The strategy can hold derivatives alongside the bonds themselves to track the index, one layer beyond plain bond ownership.

SCYB Holdings

Asset class
Stocks
Holdings
1,844
Top-10 weight
4%
Largest holding
GVMXX1.1%

Sectors

  • Financials100.0%

Geography

  • United States85.95%
  • Canada4.14%
  • United Kingdom1.67%
  • Japan1.29%
  • Luxembourg1.11%
  • France1.08%
  • Bermuda1.07%
  • Netherlands0.67%
  • Other countries (14)3.02%
The fund’s holdings, weight-ordered — page 1 of 123.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1GVMXXSsc Government Mm Gvmxx1.06%29,258,969$29.8M58
2No data1261229 B.c. Ltd. 10.00% 04/15/2032 (BBG01SXN7B44)0.45%11,830,000$12.5M1
3No dataMeridian Arc Holdco Llc 6.25% 04/30/2031 (BBG021N2KYD4)0.34%10,164,000$9.46M1
4No dataSoftbank Group Corp 9.75% 04/01/2034 (BBG025B5VM54)0.31%8,500,000$8.55M1
5No dataSoftbank Group Corp 9.25% 04/01/2032 (BBG025B7PLB2)0.31%8,500,000$8.53M1
6No dataPicard Midco Inc 6.50% 03/31/2029 (BBG019LX2T70)0.27%7,501,000$7.53M1
7No dataPr Rno Property Owner 1 Llc 6.50% 05/01/2031 (BBG021YPZPP1)0.26%8,149,000$7.38M1
8No dataQuikrete Holdings Inc 6.38% 03/01/2032 (BBG01S19FXV3)0.26%7,183,000$7.26M1
9No dataCloud Software Group Inc 9.00% 09/30/2029 (BBG01G4F7QQ2)0.24%6,633,000$6.81M1
10No dataEchostar Corp 10.75% 11/30/2029 (BBG01QRKXMB0)0.23%5,963,000$6.46M1
11No dataGalaxy Digital Holdings Ltd 9.88% 08/01/2031 (BBG023X2YYQ0)0.23%6,814,000$6.44M1
12No dataNexstar Media Inc 6.50% 09/15/2033 (BBG02154SVJ2)0.23%6,387,000$6.35M1
13No dataVenture Global Lng Inc 9.50% 02/01/2029 (BBG01JRWR409)0.22%5,656,000$6.12M1
14No dataCentene Corporation 4.63% 12/15/2029 (BBG00T5K2GV4)0.22%6,185,000$6.06M1
15No dataSv Rno Property Owner 1 Llc 5.88% 03/01/2031 (BBG0208VTN17)0.22%6,845,000$6.05M1

Showing 1–15 of 1844 holdings

SCYB Performance

Launched Jul 11, 2023

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.
SCYB$10,200
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,146
Oct 31, 2025 to Nov 2, 2026. SCYB $10,200. SPY $11,146. Use the arrow keys to read each point.$10,000$11,000Oct 2025May 2026Nov 2026

Oct 31, 2025 – Nov 2, 2026

Returns run to the Nov 2, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for SCYB. Periods over one year show the average yearly return.
PeriodSCYB
Year to date+0.6%
1 month+0.7%
3 months−1.2%
1 year+2.0%
3 yearsper year+7.7%
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for SCYB
YearReturn barSCYB
2026 YTD+0.6%
2025+8.3%
2024+8.1%
2023+6.8%

Since listing, Jul 11, 2023

SCYB in the news

SCYB Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 2, 2026.
7.82%Last 12 months
Payout per share
$1.96Last 12 months
Upcoming payment
$0.16 per share
Pays on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution history

2023–2026

One bar per payment. 39 payments from 2023 to 2026 YTD. Sep 1, 2023 $0.18; Oct 2, 2023 $0.17; Nov 1, 2023 $0.15; Dec 1, 2023 $0.18; Dec 15, 2023 $0.19; Feb 1, 2024 $0.13; Mar 1, 2024 $0.16; Apr 1, 2024 $0.16; May 1, 2024 $0.16; Jun 3, 2024 $0.17; Jul 1, 2024 $0.14; Aug 1, 2024 $0.16; Sep 3, 2024 $0.15; Oct 1, 2024 $0.15; Nov 1, 2024 $0.17; Dec 2, 2024 $0.15; Dec 20, 2024 $0.15; Feb 3, 2025 $0.17; Mar 3, 2025 $0.15; Apr 1, 2025 $0.14; May 1, 2025 $0.16; Jun 2, 2025 $0.16; Jul 1, 2025 $0.15; Aug 1, 2025 $0.16; Sep 2, 2025 $0.15; Oct 1, 2025 $0.15; Nov 3, 2025 $0.16; Dec 1, 2025 $0.14; Dec 19, 2025 $0.15; Feb 2, 2026 $0.16; Mar 2, 2026 $0.14; Apr 1, 2026 $0.15; May 1, 2026 $0.14; Jun 1, 2026 $0.15; Jul 1, 2026 $0.15; Aug 3, 2026 $0.15; Sep 1, 2026 $0.14; Oct 1, 2026 $0.16; Nov 2, 2026 $0.16. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Nov 2, 2026Pays Nov 6, 2026$0.16
Oct 1, 2026Oct 7, 2026$0.16
Sep 1, 2026Sep 8, 2026$0.14
Aug 3, 2026Aug 7, 2026$0.15
Jul 1, 2026Jul 8, 2026$0.15
Jun 1, 2026Jun 5, 2026$0.15
May 1, 2026May 7, 2026$0.14
Apr 1, 2026Apr 8, 2026$0.15
Mar 2, 2026Mar 6, 2026$0.14
Feb 2, 2026Feb 6, 2026$0.16
Dec 19, 2025Dec 26, 2025$0.15
Dec 1, 2025Dec 5, 2025$0.14

See all 39 payments⁠

$10,000 in SCYB 3 years ago paid $2,224 in dividends.⁠

SCYB Risk

How much the fund’s monthly returns vary, scaled to a year.
4.6%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.82
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−4.9%
39 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.28
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

SCYB Cost

Cheapest in US High Yield

$638

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • SCYB 0.03%

    $638

$10,000
30 years

Cost over time

  • SCYB 0.03%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$200$400$600$800051015202530SCYB $638

Year by year

YearSCYB
10$55
20$216
30$638

Other funds in US High Yield