CHYG vs USHY: Grades, Fees and Holdings Compared

Corgi 0-5 Year High Yield Corporate Bond ETF

CHYGBCboe

iShares Broad USD High Yield Corporate Bond ETF

USHYACboe

Overlap

0.5%by weight

Expense ratio

USHY −0.07pt a year

CHYG0.15%USHY0.08%

Avg volume · 30D

USHY 225.3×the volume

CHYG61.1KUSHY13.8M

CHYG vs USHY Performance

Aug 7, 2026 – Nov 9, 2026

−0.2%CHYG−1.1%USHY

Expense ratio: CHYG 0.15%; USHY 0.08%, better
Fund size: CHYG $22M; USHY $27.5B
1Y total return: CHYG No data; USHY +2.7%
Yield (12M): CHYG No data; USHY 7.10%
Holdings: CHYG 894; USHY 1898
Avg volume (30D): CHYG 61.1K sh; USHY 13.8M sh, better
NAV per share: CHYG $24.48; USHY $35.61
52W range

ETF.net Grade

Pillar letters and Scores for CHYG, USHY, with each pillar’s weight
Pillar	CHYG	USHY
Cost30% weight	A91	A94Higher
Mission25% weight	Not scored	A100
Risk15% weight	C50	B58Higher
Tradability15% weight	B56	A85Higher
Holdings10% weight	A74	A98Higher
Durability5% weight	F8	A92Higher

Rank among US High Yield funds

How we build Categories ›

Same Category. CHYG and USHY are both graded against the same 84 US High Yield funds, so their Grades compare head to head.

US High Yield⁠

Category · 84 funds

See all 84 ›

USHY ranks 3rd and CHYG 27th of 84 funds in the US High Yield Category.

Rank 1AHYLBXtrackers USD High Yield Corporate Bond ETFScore 89
Rank 1ASCYBSchwab High Yield Bond ETFScore 89
Rank 3ASPHYState Street SPDR Portfolio High Yield Bond ETFScore 88
Rank 3AUSHYiShares Broad USD High Yield Corporate Bond ETFScore 88
Rank 5ABHYBXtrackers USD High Yield BB-B ex Financials ETFScore 84
Rank 25BNUHYNuveen ESG High Yield Corporate BondScore 68
Rank 27BCHYGCorgi 0-5 Year High Yield Corporate Bond ETFScore 67
Rank 27BFDHYFidelity Enhanced High Yield ETFScore 67

Our read on each fund

ETF.net Research

CHYGBCorgi 0-5 Year High Yield Corporate Bond ETF

USHYAiShares Broad USD High Yield Corporate Bond ETF

In short

CHYG No data

USHY The wide-angle lens on junk bonds: about 1,900 US dollar high yield corporate issues for 0.08% a year, a fifth of what the typical fund in its category charges. Broad, cheap, heavily traded, and it pays monthly.

Stated mandate

CHYG No data

USHY The fund seeks to track an index of U.S. dollar-denominated high yield corporate bonds.

Why people hold it

CHYG No data

USHY Charges 0.08% a year while the median high yield fund in its cohort runs 0.40%. Cheap rent on an expensive-to-run corner of the bond market.
Holds about 1,900 bonds against the ICE BofA US High Yield Constrained Index: the broad market, not a curated slice of the most liquid names.ishares.com
A multi-billion-dollar fund and one of the more actively traded in high yield, which tends to keep bid-ask spreads thin even on busy days.
Pays monthly and has tracked its index tightly since its 2017 launch, one of the closer index matches in its peer group.

Worth knowing

CHYG No data

USHY High yield means below-investment-grade borrowers. When credit gets stressed this asset class drops with stocks instead of cushioning them.
Cheaper tickets sit on the same shelf: SCYB at 0.03% and SPHY at 0.05%.
This is a fund, not a bond ladder. No maturity date hands your principal back; the basket rolls on indefinitely.

Full CHYG profile⁠

Full USHY profile⁠

CHYG vs USHY Holdings

How CHYG and USHY differ

Overlap by weight

0.5%

Shared holdings make up 1.0% of CHYG and 0.5% of USHY.

Level by level

Asset classStocks, Bonds0.0%
Holdings15 in both0.5%
Countryby domicile86.5%
Sector2 Sectors99.98%

Sector

Sector weights in CHYG and USHY, widest gap first
Sector	More in CHYGMore in USHY	Gap	CHYG	USHY
Corporate		Same weight	100.0%	100.0%
Securitized		Same weight	0.0%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in CHYG and USHY, widest gap first
Country	Gap	CHYG	USHY
United States	CHYG +13.5 points	100.0%	86.5%
Canada	USHY +3.7 points	0.0%	3.7%
United Kingdom	USHY +1.9 points	0.0%	1.9%
Luxembourg	USHY +1.6 points	0.0%	1.6%
Japan	USHY +1.3 points	0.0%	1.3%
France	USHY +1.0 points	0.0%	1.0%
Australia	USHY +0.7 points	0.0%	0.7%
Ireland	USHY +0.7 points	0.0%	0.7%
Other countries (12)	USHY +2.5 points	0.0%	2.5%

Concentration

Weight in the 10 largest Holdings

CHYG7.5%
USHY3.6%

Securities held

CHYG890
USHY1,890

Asset class

CHYG: Stocks
USHY: Bonds

Holdings

Only in CHYG875
In both15
Only in USHY1,875

Only in CHYG

875 securities, 96.3% of CHYG by weight

Allied Universal Holdco LLC 7.875% 02/15/20310.74%
Meridian Arc Holdco LLC 6.25% 04/30/20310.67%
PR RNO Property Owner 1 LLC 6.5% 05/01/20310.53%
Cloud Software Group LLC 6.5% 03/31/20290.53%
Trekor Metals Ltd 8.25% 05/01/20300.51%
WULF Compute LLC 7.75% 10/15/20300.47%
Venture Global LNG Inc 9.5% 02/01/20290.47%
HUB International Ltd 7.25% 06/15/20300.47%
Centene Corp 4.625% 12/15/20290.45%
Sunoco LP / Sunoco Finance Corp 7% 09/15/20280.44%
Skydance Corp 4.875% 05/15/20300.44%
American Airlines Inc/AAdvantage Loyalty IP Ltd 5.75% 04/20/20290.44%
Core Scientific Finance I LLC 7.75% 05/15/20310.44%
EMRLD Borrower LP / Emerald Co-Issuer Inc 6.625% 12/15/20300.43%
TransDigm Inc 6.375% 03/01/20290.43%
CRC Insurance Group LLC 7.125% 06/01/20310.43%
Maxim Crane Works Holdings Capital LLC 11.5% 09/01/20280.43%
Directv Financing LLC 8.875% 02/01/20300.42%
1011778 BC ULC / New Red Finance Inc 4% 10/15/20300.42%
APLD ComputeCo LLC 9.25% 12/15/20300.41%
DaVita Inc 4.625% 06/01/20300.41%
Neptune Bidco US Inc 9.29% 04/15/20290.41%
CCO Holdings LLC / CCO Holdings Capital Corp 4.75% 03/01/20300.41%
Venture Global LNG Inc 8.375% 06/01/20310.40%
CCO Holdings LLC / CCO Holdings Capital Corp 4.25% 02/01/20310.38%
Galaxy Helios Data Centers II LLC 9.875% 08/01/20310.38%
SV RNO Property Owner 1 LLC 5.875% 03/01/20310.35%
LSB Industries Inc 6.25% 10/15/20280.33%
Staples Inc 10.75% 09/01/20290.31%
Gainwell Acquisition Corp 9% 09/01/20310.29%
UKG Inc 6.875% 02/01/20310.29%
CVS Health Corp 7% 03/10/20550.29%
Ardagh Group SA 9.5% 12/01/20300.29%
EchoStar Corp 6.75% 11/30/20300.29%
Directv Financing LLC / Directv Financing Co-Obligor Inc 10% 02/15/20310.28%
CCO Holdings LLC / CCO Holdings Capital Corp 4.5% 08/15/20300.28%
Boyd Gaming Corp 4.75% 12/01/20270.28%
Mauser Packaging Solutions Holding Co 7.875% 04/15/20300.28%
Rocket Software Inc 9% 11/28/20280.28%
Gen Digital Inc 6.75% 09/30/20270.27%
Mineral Resources Ltd 9.25% 10/01/20280.27%
Rocket Cos Inc 6.125% 08/01/20300.27%
CoreWeave Inc 9.25% 06/01/20300.27%
AthenaHealth Group Inc 6.5% 02/15/20300.27%
Tenet Healthcare Corp 6.125% 06/15/20300.26%
Radiology Partners Inc 9.781% 02/15/20300.26%
Bausch + Lomb Corp 8.375% 10/01/20280.26%
Herc Holdings Inc 7% 06/15/20300.26%
Centene Corp 2.45% 07/15/20280.26%
Cloud Software Group LLC 9% 09/30/20290.26%

Only in USHY

1,875 securities, 99.1% of USHY by weight

1261229 Bc Ltd 144A 10.00% 04/15/20320.48%
Echostar Corp 10.75% 11/30/20290.38%
Paramount Skydance Corp 144A 8.25% 10/15/20310.37%
Meridian Arc Holdco Llc 144A 6.25% 04/30/20310.36%
Softbank Group Corp 144A 9.25% 04/01/20320.30%
Softbank Group Corp 144A 9.75% 04/01/20340.30%
Pr Rno Property Owner 1 Llc 144A 6.50% 05/01/20310.29%
Quikrete Holdings Inc 144A 6.38% 03/01/20320.29%
Cloud Software Group Llc 144A 6.50% 03/31/20290.26%
Paramount Skydance Corp 144A 8.88% 10/15/20340.26%
Cloud Software Group Llc 144A 9.00% 09/30/20290.25%
Hub International Ltd 144A 7.25% 06/15/20300.25%
Nexstar Media Inc 144A 6.50% 09/15/20330.25%
Wulf Compute Llc 144A 7.75% 10/15/20300.25%
Sv Rno Property Owner 1 Llc 144A 5.88% 03/01/20310.25%
Centene Corporation 4.63% 12/15/20290.24%
Core Scientific Finance I Llc 144A 7.75% 05/15/20310.23%
Oak Eagle Acquireco Inc 144A 7.25% 07/01/20330.23%
Asurion Llc 144A 8.00% 12/31/20320.23%
Venture Global Lng Inc 144A 9.50% 02/01/20290.23%
Galaxy Helios Data Centers Ii Llc 144A 9.88% 08/01/20310.22%
Panther Escrow Issuer Llc 144A 7.13% 06/01/20310.22%
Transdigm Inc 144A 6.38% 05/31/20330.21%
Oak Eagle Acquireco Inc 144A 8.75% 07/01/20340.21%
Transdigm Inc 144A 6.38% 03/01/20290.21%
Davita Inc 144A 4.63% 06/01/20300.20%
Cco Holdings Llc 144A 4.75% 03/01/20300.19%
Apld Computeco Llc 144A 9.25% 12/15/20300.19%
Neptune Bidco Us Inc 144A 9.29% 04/15/20290.19%
Transdigm Inc 144A 6.75% 01/31/20350.19%
Emrld Borrower Lp 144A 6.63% 12/15/20300.19%
Medline Borrower Lp 144A 5.25% 10/01/20290.19%
Beach Acquisition Bidco Llc 144A 10.00% 07/15/20330.18%
Skydance Corp 144A 5.05% 03/15/20420.18%
Directv Financing Llc 144A 8.88% 02/01/20300.18%
Venture Global Lng Inc 144A 8.38% 06/01/20310.18%
Ukg Inc 144A 6.88% 02/01/20310.18%
Mauser Packaging Solutions Holding 144A 7.88% 04/15/20300.18%
Carvana Co 144A 9.00% 06/01/20310.18%
Carrix Inc 144A 6.13% 08/01/20330.18%
Qxo Building Products Inc 144A 6.75% 04/30/20320.18%
Nrg Energy Inc 144A 6.00% 01/15/20360.17%
Level 3 Financing Inc 144A 7.00% 03/31/20340.17%
Allied Universal Holdco Llc 144A 7.88% 02/15/20310.17%
1011778 Bc Unlimited Liability Co 144A 4.00% 10/15/20300.17%
Cco Holdings Llc 144A 4.25% 02/01/20310.17%
Skydance Corp 144A 4.90% 03/15/20320.17%
Staples Inc 144A 10.75% 09/01/20290.17%
Echostar Corp 6.75% 11/30/20300.16%
Iqvia Inc 144A 6.25% 06/01/20320.16%

Weight gaps

All 15 Holdings in both funds, largest gap first.

Holding weights in CHYG and USHY, widest gap first
Holding	Gap	CHYG	USHY
Tenet Healthcare Corp 6.75% 05/15/2031	CHYG +0.13 points	0.22%	0.09%
Encompass Health Corp 4.75% 02/01/2030	CHYG +0.11 points	0.17%	0.06%
Diversified Healthcare Trust 4.75% 02/15/2028	CHYG +0.08 points	0.11%	0.03%
Safeway Inc 7.25% 02/01/2031	CHYG +0.03 points	0.05%	0.02%
Tenet Healthcare Corp 4.25% 06/01/2029	CHYG +0.03 points	0.11%	0.08%
Marriott Ownership Resorts Inc 4.75% 01/15/2028	CHYG +0.02 points	0.04%	0.02%
M/I Homes Inc 3.95% 02/15/2030	CHYG +0.01 points	0.03%	0.02%
M/I Homes Inc 4.95% 02/01/2028	CHYG +0.01 points	0.04%	0.03%
Nordstrom Inc 6.95% 03/15/2028	CHYG +0.01 points	0.03%	0.02%
Nordstrom Inc 4.25% 08/01/2031	Same weight	0.03%	0.03%
Advance Auto Parts Inc 5.95% 03/09/2028	CHYG +0.01 points	0.03%	0.02%
Bath & Body Works Inc 5.25% 02/01/2028	CHYG +0.01 points	0.04%	0.03%
Service Properties Trust 3.95% 01/15/2028	USHY +0.01 points	0.02%	0.03%
Service Properties Trust 4.95% 10/01/2029	Same weight	0.02%	0.02%
Lamar Media Corp 3.75% 02/15/2028	Same weight	0.04%	0.04%

All 1,199 CHYG holdings⁠All 1,899 USHY holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

CHYG vs USHY Cost

Overpaying CHYG vs USHY

$1,448

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

CHYG 0.15%
$3,137
USHY 0.08%
$1,689

Amount$10,000

Years30 years

Cost over time

CHYG 0.15%
USHY 0.08%
Overpaying

Year by year

Year	CHYG	USHY	Overpaying
10	$274	$147	$127
20	$1,071	$575	$496
30	$3,137	$1,689	$1,448

Expense ratio

0.15%CHYG
0.08%USHY, cheaper

USHY0.08%CHYG0.15%

0.03%1.24%

Middle half of US High Yield funds
Median 0.42%

USHY 6th cheapest of 84 funds

CHYG 8th cheapest of 84 funds

CHYG vs USHY Dividends

Last 12 months to Nov 9, 2026

Yield (12M): CHYG No data; USHY 7.10%
Payout (12M): CHYG No data; USHY $2.54
Last payment: CHYG $0.13; USHY $0.20
Ex-dividend: CHYG Oct 30, 2026; USHY Nov 2, 2026
Paid on: CHYG Nov 2, 2026; USHY Nov 5, 2026
Frequency: CHYG Monthly; USHY Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

CHYGMonthly · 5 paymentsAll CHYG payments⁠

USHYMonthly · 46 paymentsAll USHY payments⁠

CHYG vs USHY Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: CHYG No dataUSHY 4.6%
Return per unit of riskSharpe ratio, 3 years: CHYG No dataUSHY 0.89
Worst fallMax drawdown, 5 years: CHYG No dataUSHY −15.6%
Market sensitivityBeta, 5 years: CHYG 0.84USHY 0.64; Market = 1

CHYG and USHY in the news

All news⁠

Category Review
Loan funds and short high-yield bonds held up when yields jumped
Updated Nov 6, 2026USHY
Bonds & Rates
Treasury yields ease from highs since 2002, but the climb was real yields
Oct 10, 2026USHY
New ETFs
Corgi's new fund holds more in SpaceX than in OpenAI and Anthropic
Oct 7, 2026USHY
Bonds & Rates
The 30-year Treasury yield rose 14 basis points; the 2-year rose 2
Oct 3, 2026USHY
First-Year Review
Nuveen's high-yield ETF turns one at $1.77 billion. Coupons delivered 3.7%
Sep 23, 2026USHY

Popular comparisons

CHYGBvsHYLBA
Corgi 0-5 Year High Yield Corporate Bond ETF · Xtrackers USD High Yield Corporate Bond ETF
Expense ratio
0.15% · 0.05%
Category
USHYAvsSPHYA
iShares Broad USD High Yield Corporate Bond ETF · State Street SPDR Portfolio High Yield Bond ETF
Expense ratio
0.08% · 0.05%
Category
CHYGBvsSCYBA
Corgi 0-5 Year High Yield Corporate Bond ETF · Schwab High Yield Bond ETF
Expense ratio
0.15% · 0.03%
Category
USHYAvsHYGB
iShares Broad USD High Yield Corporate Bond ETF · iShares iBoxx $ High Yield Corporate Bond ETF
Expense ratio
0.08% · 0.49%
Category
CHYGBvsSPHYA
Corgi 0-5 Year High Yield Corporate Bond ETF · State Street SPDR Portfolio High Yield Bond ETF
Expense ratio
0.15% · 0.05%
Category
USHYAvsSCYBA
iShares Broad USD High Yield Corporate Bond ETF · Schwab High Yield Bond ETF
Expense ratio
0.08% · 0.03%
Category

CHYG vs USHY

In short

Stated mandate

Why people hold it