EVHY vs SCYB: Grades, Fees and Holdings Compared

Eaton Vance High Yield ETF

EVHYBNYSE Arca

Schwab High Yield Bond ETF

SCYBANYSE Arca

Overlap

0.0%by weight

Expense ratio

SCYB −0.45pt a year

EVHY0.48%SCYB0.03%

Avg volume · 30D

SCYB 66.0×the volume

EVHY16.7KSCYB1.1M

3Y return · a year

SCYB +0.3pt

EVHY+8.1%SCYB+8.4%

EVHY vs SCYB Performance

Oct 31, 2025 – Oct 30, 2026

+2.9%EVHY+2.0%SCYB

Expense ratio: EVHY 0.48%; SCYB 0.03%, better
Fund size: EVHY $81M; SCYB $2.8B
1Y total return: EVHY +2.9%, better; SCYB +2.0%
Yield (12M): EVHY 7.74%, better; SCYB 7.14%
Holdings: EVHY 289; SCYB 1844
Avg volume (30D): EVHY 16.7K sh; SCYB 1.1M sh, better
NAV per share: EVHY $50.90; SCYB $25.22
52W range

ETF.net Grade

Pillar letters and Scores for EVHY, SCYB, with each pillar’s weight
Pillar	EVHY	SCYB
Cost30% weight	C40	A100Higher
Mission25% weight	A98	A100Higher
Risk15% weight	B65Higher	B59
Tradability15% weight	B59	A88Higher
Holdings10% weight	B59	A99Higher
Durability5% weight	C46	B68Higher

Rank among US High Yield funds

How we build Categories ›

Same Category. EVHY and SCYB 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 ›

SCYB ranks 1st and EVHY 34th of 84 funds in the US High Yield Category.

Rank 1ASCYBSchwab High Yield Bond ETFScore 90
Rank 1ASPHYState Street SPDR Portfolio High Yield Bond ETFScore 90
Rank 32BLDRHiShares iBonds 1-5 Year High Yield and Income Ladder ETFScore 65
Rank 34BEVHYEaton Vance High Yield ETFScore 63
Rank 34BHYFIAB High Yield ETFScore 63

Our read on each fund

ETF.net Research

EVHYBEaton Vance High Yield ETF

SCYBASchwab High Yield Bond ETF

In short

EVHY A credit picker's junk bond fund. Eaton Vance's leveraged-credit desk builds the portfolio by hand, the prospectus caps the deepest-distress tier at 10% of net assets, and income goes out monthly. Trading since 2023.

SCYB Three 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

EVHY The fund seeks a high level of current income and also pursues growth of income and capital.

SCYB 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

EVHY Active, but with guardrails written into the prospectus: at least 80% of net assets in high yield, and no more than 10% in bonds rated below B3/B-.eatonvance.com
Up to 15% of net assets can sit in investment-grade bonds, giving the managers a quality lever most index trackers in this cohort do not have.eatonvance.com
Pays monthly, and the portfolio has hewed closely to its stated high-yield income mandate rather than drifting.

SCYB 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

EVHY At 0.48% a year it costs more than the high yield median, and far more than index rivals like SCYB (0.03%), SPHY (0.05%) and USHY (0.08%). You are paying for the stock-picking.
Small asset base and light trading volume, so bid-ask spreads can run wider than the giant index funds in this category.
Below-investment-grade bonds carry real default and liquidity risk, and this fund only launched in 2023, so its record is short.

SCYB 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.

Full EVHY profile⁠

Full SCYB profile⁠

EVHY vs SCYB Holdings

How EVHY and SCYB differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of EVHY and 0.0% of SCYB.

Level by level

Asset classFixed Income, Equity0.0%
Holdings0 in both0.0%
Countryby domicile92.4%

Sector

No Sector split for EVHY.

Country, concentration and asset class

Country by domicile

Country weights in EVHY and SCYB, widest gap first
Country	More in EVHYMore in SCYB	EVHY	SCYB
United States	EVHY +6.7 points	92.6%	85.9%
Japan	SCYB +1.3 points	0.0%	1.3%
Luxembourg	SCYB +1.1 points	0.0%	1.1%
France	SCYB +1.1 points	0.0%	1.1%
Bermuda	SCYB +1.1 points	0.0%	1.1%
Malta	SCYB +0.8 points	0.4%	1.2%
Netherlands	SCYB +0.7 points	0.0%	0.7%
Australia	SCYB +0.7 points	0.0%	0.7%
Other countries (13)	EVHY +0.1 points	7.0%	6.9%

Concentration

Weight in the 10 largest Holdings

EVHY12.3%
SCYB3.7%

Securities held

EVHY288
SCYB1,843

Asset class

EVHY: Fixed Income
SCYB: Equity

Holdings

Only in EVHY288
In both0
Only in SCYB1,843

Only in EVHY

288 securities, 99.7% of EVHY by weight

Msilf Government2.48%
1011778 Bc Ulc / 4% 10/301.44%
Cloud Software 6.5% 03/291.33%
Sunoco Lp 7.25% 05/321.23%
Athenahealth 7.5% 02/320.98%
Beach 10% 07/330.98%
Chobani Llc 6.375% 04/340.98%
Xplr 4.5% 09/270.97%
1261229 Bc Ltd 10% 04/320.96%
Builders 4.25% 02/320.93%
Sonic 4.875% 11/310.90%
Avantor 4.625% 07/280.89%
Uniti Services 7.5% 10/330.86%
Avient Corp 6.25% 11/310.84%
Terraform Power 5% 01/280.82%
Clydesdale 8.75% 04/300.82%
Focus 6.75% 09/310.81%
Emrld 6.625% 12/300.79%
Sword 8.25% 04/330.78%
Cipher 7.125% 11/300.78%
Olympus Water 7.25% 02/330.76%
Voyager 9.25% 07/320.76%
Eldorado Gold 6.25% 09/290.75%
Patrick 6.375% 11/320.75%
Wand Newco 3 7.625% 01/320.74%
Ingram Micro 4.75% 05/290.73%
Mohegan 8.25% 04/300.73%
Voltagrid 7.375% 11/300.73%
Michaels Cos 8.5% 03/330.70%
Brightstar 5.75% 01/330.70%
Superior Plus 4.5% 03/290.69%
Herc Holdings 7% 06/300.69%
Wrangler 6.625% 04/320.69%
Mcgraw-Hill 7.375% 09/310.68%
Phoenix 9.25% 07/300.68%
Alpha 6.75% 10/320.67%
Rocket Cos Inc 6.5% 06/340.67%
Stonepeak 7.25% 03/320.66%
Lithia 3.875% 06/290.66%
Talen Energy 6.125% 05/310.65%
Qts Central 6.625% 09/310.65%
Alliant 6.5% 10/310.65%
Celanese Us 7.375% 02/340.65%
Tkc Holdings 8.5% 08/300.64%
Champ 8.375% 12/310.64%
Watco Cos 7.125% 08/320.63%
Gaia 7.625% 07/330.62%
Ryan 5.875% 08/320.61%
On 3.875% 09/280.61%
Cco Holdings 4.5% 08/300.61%

Only in SCYB

1,843 securities, 99.9% of SCYB by weight

Ssc Government Mm Gvmxx1.02%
1261229 B.c. Ltd. 10.00% 04/15/2032 (BBG01SXN7B44)0.45%
Meridian Arc Holdco Llc 6.25% 04/30/2031 (BBG021N2KYD4)0.34%
Softbank Group Corp 9.75% 04/01/2034 (BBG025B5VM54)0.31%
Softbank Group Corp 9.25% 04/01/2032 (BBG025B7PLB2)0.31%
Picard Midco Inc 6.50% 03/31/2029 (BBG019LX2T70)0.27%
Pr Rno Property Owner 1 Llc 6.50% 05/01/2031 (BBG021YPZPP1)0.26%
Quikrete Holdings Inc 6.38% 03/01/2032 (BBG01S19FXV3)0.26%
Cloud Software Group Inc 9.00% 09/30/2029 (BBG01G4F7QQ2)0.24%
Galaxy Digital Holdings Ltd 9.88% 08/01/2031 (BBG023X2YYQ0)0.23%
Echostar Corp 10.75% 11/30/2029 (BBG01QRKXMB0)0.23%
Nexstar Media Inc 6.50% 09/15/2033 (BBG02154SVJ2)0.23%
Venture Global Lng Inc 9.50% 02/01/2029 (BBG01JRWR409)0.22%
Sv Rno Property Owner 1 Llc 5.88% 03/01/2031 (BBG0208VTN17)0.22%
Centene Corporation 4.63% 12/15/2029 (BBG00T5K2GV4)0.22%
Asurion Llc 8.00% 12/31/2032 (BBG01YYNGVM6)0.21%
Oak Eagle Acquireco Inc 7.25% 07/01/2033 (BBG0216YVDJ1)0.21%
Core Scientific Finance I Llc 7.75% 05/15/2031 (BBG021TW11L6)0.20%
Wulf Compute Llc 7.75% 10/15/2030 (BBG01XWZ1957)0.20%
Cco Holdings Llc 5.00% 02/01/2028 (BBG00HCXTNX8)0.20%
Panther Escrow Issuer Llc 7.13% 06/01/2031 (BBG01M46NGP4)0.19%
Mozart Debt Merger Sub Inc 5.25% 10/01/2029 (BBG012QCFXV6)0.18%
Hub International Ltd 7.25% 06/15/2030 (BBG01GY3KTY6)0.18%
Carrix Inc 6.13% 08/01/2033 (BBG023NH2ZJ8)0.18%
Emerald Debt Merger Sub Llc 6.63% 12/15/2030 (BBG01GJ0S1M5)0.18%
Oak Eagle Acquireco Inc 8.75% 07/01/2034 (BBG0216YVF42)0.18%
Transdigm Inc 6.63% 03/01/2032 (BBG01LG68K26)0.18%
Skydance Corp 5.05% 03/15/2042 (BBG025PYMZH4)0.17%
Neptune Bidco Us Inc 9.29% 04/15/2029 (BBG01BCJPPT5)0.17%
Cco Holdings Llc 4.50% 05/01/2032 (BBG01016YSJ4)0.17%
Cco Holdings Llc 4.75% 03/01/2030 (BBG00Q9KZKK3)0.17%
Asurion Llc 8.38% 02/01/2034 (BBG01ZT0J7N8)0.17%
Coreweave Inc 9.75% 10/01/2031 (BBG021JWL723)0.17%
Transdigm Inc 6.38% 03/01/2029 (BBG01LG68JB9)0.17%
Mauser Packaging Solutions Holding 7.88% 04/15/2030 (BBG01YQ74FS2)0.17%
Transdigm 6.75% 01/31/2035 (BBG02534RLY1)0.16%
Transdigm Inc 6.38% 05/31/2033 (BBG01TYXN2R6)0.16%
Davita Inc 4.63% 06/01/2030 (BBG00V30XND6)0.16%
Cco Holdings Llc 4.25% 02/01/2031 (BBG00VXBDRR7)0.16%
Cco Holdings Llc 4.50% 08/15/2030 (BBG00RMHNL33)0.16%
Vodafone Group PLC 7.00% 04/04/2079 (BBG00NR6TKJ0)0.16%
Connect Finco Sarl 9.00% 09/15/2029 (BBG01PNMWYR0)0.15%
Venture Global Lng Inc 8.38% 06/01/2031 (BBG01GNYBL31)0.15%
Ukg Inc 6.88% 02/01/2031 (BBG01L81BM19)0.15%
Level 3 Financing Inc 7.00% 03/31/2034 (BBG01WHX5GT5)0.15%
Nrg Energy Inc 6.00% 01/15/2036 (BBG01XK0QB82)0.15%
Venture Global Lng Inc 9.88% 02/01/2032 (BBG01JRWR4F3)0.15%
Staples Inc 10.75% 09/01/2029 (BBG01MZLYJL3)0.15%
Aadvantage Loyalty Ip Ltd 5.75% 04/20/2029 (BBG00ZKWV8L4)0.15%
1011778 Bc Unlimited Liability Co 4.00% 10/15/2030 (BBG00XDH1DV1)0.15%

Weight gaps

EVHY and SCYB share no securities.

All 287 EVHY holdings⁠All 1,844 SCYB 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.

EVHY vs SCYB Cost

Overpaying EVHY vs SCYB

$8,967

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

EVHY 0.48%
$9,605
SCYB 0.03%
$638

Amount$10,000

Years30 years

Cost over time

EVHY 0.48%
SCYB 0.03%
Overpaying

Year by year

Year	EVHY	SCYB	Overpaying
10	$865	$55	$810
20	$3,328	$216	$3,112
30	$9,605	$638	$8,967

Expense ratio

0.48%EVHY
0.03%SCYB, cheaper

SCYB0.03%EVHY0.48%

0.03%1.24%

Middle half of US High Yield funds
Median 0.42%

SCYB cheapest of 84 funds

EVHY 50th cheapest of 84 funds

EVHY vs SCYB Dividends

Last 12 months to Oct 30, 2026

Yield (12M): EVHY 7.74%, better; SCYB 7.14%
Payout (12M): EVHY $3.94; SCYB $1.80
Last payment: EVHY $0.27; SCYB $0.16
Ex-dividend: EVHY Oct 30, 2026; SCYB Oct 1, 2026
Paid on: EVHY Pays Nov 5, 2026; SCYB Oct 7, 2026
Frequency: EVHY Monthly; SCYB Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

EVHYMonthly · 36 paymentsAll EVHY payments⁠

SCYBMonthly · 38 paymentsAll SCYB payments⁠

EVHY vs SCYB Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: EVHY 4.3%, betterSCYB 4.6%
Return per unit of riskSharpe ratio, 3 years: EVHY 0.83, betterSCYB 0.82
Worst fallMax drawdown, 5 years: EVHY −3.7%since Oct 2023SCYB −4.9%since Jul 2023
Market sensitivityBeta, 5 years: EVHY 0.24SCYB 0.28; Market = 1

EVHY and SCYB in the news

All news⁠

First-Year Review
Nuveen's high-yield ETF turns one at $1.77 billion. Coupons delivered 3.7%
Sep 23, 2026SCYB

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EVHY vs SCYB

In short

Stated mandate

Why people hold it

Worth knowing

How EVHY and SCYB differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in EVHY

Only in SCYB

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Nuveen's high-yield ETF turns one at $1.77 billion. Coupons delivered 3.7%

How EVHY and SCYB differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in EVHY

Only in SCYB

Weight gaps