Schwab High Yield Bond ETF
$25.55−0.17 (−0.68%)
History starts Jul 11, 2023.
- Expense ratio
- 0.03%
- Fund size
- $2.8B
- 1Y return
- +3.0%
- Yield · Last 12 months
- 6.95%
- Holdings
- 1846
- Volume · 30D
- 1.1M sh
- NAV per share
- $25.75
- 52W range
The ETF.net SCYB Grade
Score 87 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 100Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 100Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 53Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 74Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 100Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 68Category rank
Our read on SCYB
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.
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
- Stocks
- 1,846
- 3%
- 1261229 B.C. LTD. 10.00% 04/15/2032 (BBG01SXN7B44)
Sectors
- Financials100.0%
Geography
- United States86.52%
- Canada4.28%
- United Kingdom2.01%
- Luxembourg1.59%
- France1.03%
- Japan0.75%
- Australia0.65%
- Ireland0.62%
- 2.54%
SCYB Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
SCYB$10,304
Returns run to the Sep 22, 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.
| Period | SCYB |
|---|---|
| Year to date | +1.9% |
| 1 month | −0.6% |
| 3 months | +0.0% |
| 1 year | +3.0% |
| 3 years | +8.4% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | SCYB |
|---|---|---|
| 2026 YTD | +1.9% | |
| 2025 | +8.3% | |
| 2024 | +8.1% | |
| 2023 | +6.8% |
SCYB in the news
SCYB Dividends
- 6.95%
- $1.79
- $0.14 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 8, 2026 | $0.14 |
| Aug 3, 2026 | Aug 7, 2026 | $0.15 |
| Jul 1, 2026 | Jul 8, 2026 | $0.15 |
| Jun 1, 2026 | Jun 5, 2026 | $0.15 |
| May 1, 2026 | May 7, 2026 | $0.14 |
| Apr 1, 2026 | Apr 8, 2026 | $0.15 |
| Mar 2, 2026 | Mar 6, 2026 | $0.14 |
| Feb 2, 2026 | Feb 6, 2026 | $0.16 |
| Dec 19, 2025 | Dec 26, 2025 | $0.15 |
| Dec 1, 2025 | Dec 5, 2025 | $0.14 |
| Nov 3, 2025 | Nov 7, 2025 | $0.16 |
| Oct 1, 2025 | Oct 7, 2025 | $0.15 |
SCYB Risk
- 4.5%
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.
- 0.80
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.
- −4.9%
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.
- 0.27
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SCYB Cost
0.03%
SCYB0.03%
- The middle half of US High Yield funds
- Median 0.43%
No US High Yield fund charges less.