FHYS vs HYDB: Grades, Fees and Holdings Compared

Federated Hermes Short Duration High Yield ETF

FHYSCNYSE Arca

iShares High Yield Systematic Bond ETF

HYDBACboe

Overlap

No data

Expense ratio

HYDB −0.15pt a year

FHYS0.50%HYDB0.35%

Avg volume · 30D

HYDB 5.8×the volume

FHYS30.1KHYDB175K

3Y return · a year

HYDB +1.3pt

FHYS+7.1%HYDB+8.4%

FHYS vs HYDB Performance

Oct 31, 2025 – Oct 30, 2026

+3.4%FHYS+1.1%HYDB

Expense ratio: FHYS 0.50%; HYDB 0.35%, better
Fund size: FHYS $73M; HYDB $1.53B
1Y total return: FHYS +3.4%, better; HYDB +1.1%
Yield (12M): FHYS 6.64%; HYDB 7.16%, better
Holdings: FHYS 283; HYDB 253
Avg volume (30D): FHYS 30.1K sh; HYDB 175K sh, better
NAV per share: FHYS $22.66; HYDB $44.72
52W range

ETF.net Grade

Pillar letters and Scores for FHYS, HYDB, with each pillar’s weight
Pillar	FHYS	HYDB
Cost30% weight	D30	A93Higher
Mission25% weight	A71	A95Higher
Risk15% weight	B66Higher	C42
Tradability15% weight	C42	A85Higher
Holdings10% weight	B62	B66Higher
Durability5% weight	D39	A84Higher

Rank among International High Yield Bond funds

How we build Categories ›

Same Category. FHYS and HYDB are both graded against the same 13 International High Yield Bond funds, so their Grades compare head to head.

International High Yield Bond⁠

Category · 13 funds

See all 13 ›

HYDB ranks 1st and FHYS 8th of 13 funds in the International High Yield Bond Category.

Rank 1AHYDBiShares High Yield Systematic Bond ETFScore 81
Rank 2ASYFIAB Short Duration High Yield ETFScore 73
Rank 7BEMHYiShares J.P. Morgan EM High Yield Bond ETFScore 59
Rank 8CFHYSFederated Hermes Short Duration High Yield ETFScore 51
Rank 8CNJNKColumbia U.S. High Yield ETFScore 51

Our read on each fund

ETF.net Research

FHYSCFederated Hermes Short Duration High Yield ETF

HYDBAiShares High Yield Systematic Bond ETF

In short

FHYS Federated Hermes' credit desk picks this one by hand: high-yield bonds plus bank loans, duration generally kept under three years. Credit risk, dialed-down rate risk, for 0.50% net of a waiver through May 1, 2027.

HYDB No data

Stated mandate

FHYS The Fund seeks high current income.

HYDB No data

Why people hold it

FHYS Actively managed against a BB-B, 0-5 year high yield benchmark, so the mandate leans to the shorter, higher-quality end of junk rather than deep CCC paper.federatedhermes.com
Portfolio duration is generally held under three years by design, which mutes the rate swings that hit long-dated bond funds.federatedhermes.com
The mandate allows bank loans, syndicated loans and CLOs alongside bonds, floating-rate corners most index high yield ETFs skip.
Income arrives monthly, drawn from roughly 300 positions across below-investment-grade corporate debt.

HYDB No data

Worth knowing

FHYS At 0.50% net of a waiver through May 1, 2027 (0.61% gross) it prices above the category median; peer SYFI charges 0.40% and HYDB 0.35%, neither waived.
Small and lightly traded next to the category's heavyweights, so spreads can be wider. Limit orders earn their keep here.
Short duration trims rate sensitivity, not credit risk; below-investment-grade issuers can still default or reprice quickly.

HYDB No data

Full FHYS profile⁠

Full HYDB profile⁠

FHYS vs HYDB Holdings

How FHYS and HYDB differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Sector17 Sectors0.0%
Countryby domicile94.7%
Asset classFixed Income100%

Sector

Sector weights in FHYS and HYDB, widest gap first
Sector	More in FHYSMore in HYDB	FHYS	HYDB
Communication	FHYS +91.7 points	91.7%	0.0%
Energy	HYDB +20.0 points	0.0%	20.0%
Consumer Discretionary	HYDB +18.7 points	0.0%	18.7%
Communications	HYDB +14.0 points	0.0%	14.0%
Basic Industry	HYDB +11.5 points	0.0%	11.5%
Industrials	FHYS +8.3 points	8.3%	0.0%
Reits	HYDB +6.5 points	0.0%	6.5%
Finance Companies	HYDB +5.8 points	0.0%	5.8%
Capital Goods	HYDB +5.7 points	0.0%	5.7%
Health Care	HYDB +5.1 points	0.0%	5.1%
Consumer Non-Cyclical	HYDB +3.0 points	0.0%	3.0%
Electric	HYDB +2.7 points	0.0%	2.7%
Brokerage/Asset Managers/Exchanges	HYDB +2.5 points	0.0%	2.5%
Transportation	HYDB +1.9 points	0.0%	1.9%
Real Estate	HYDB +1.4 points	0.0%	1.4%
Banking	HYDB +1.0 points	0.0%	1.0%
Technology	HYDB +0.2 points	0.0%	0.2%

Country, concentration and asset class

Country by domicile

Country weights in FHYS and HYDB, widest gap first
Country	More in FHYSMore in HYDB	FHYS	HYDB
United States	FHYS +1.8 points	88.7%	86.9%
Japan	HYDB +1.4 points	0.7%	2.1%
Netherlands	FHYS +1.4 points	1.4%	0.0%
Australia	HYDB +1.4 points	0.0%	1.4%
United Kingdom	HYDB +1.2 points	2.1%	3.3%
Germany	FHYS +0.8 points	0.8%	0.0%
Ireland	FHYS +0.7 points	0.7%	0.0%
Other countries (8)	HYDB +0.6 points	5.6%	6.2%

Concentration

Weight in the 10 largest Holdings

FHYS10.1%
HYDB7.5%

Securities held

FHYS281
HYDB249

Asset class

FHYS: Fixed Income
HYDB: Fixed Income

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. FHYS holds 281 securities, HYDB 249.

All 283 FHYS holdings⁠All 256 HYDB 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.

FHYS vs HYDB Cost

Overpaying FHYS vs HYDB

$2,853

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

FHYS 0.50%
$9,979
HYDB 0.35%
$7,126

Amount$10,000

Years30 years

Cost over time

FHYS 0.50%
HYDB 0.35%
Overpaying

Year by year

Year	FHYS	HYDB	Overpaying
10	$900	$634	$266
20	$3,460	$2,454	$1,006
30	$9,979	$7,126	$2,853

Expense ratio

0.50%FHYS
0.35%HYDB, cheaper

HYDB0.35%FHYS0.50%

0.35%0.69%

Middle half of International High Yield Bond funds
Median 0.46%

HYDB cheapest of 13 funds

FHYS 9th cheapest of 13 funds

FHYS vs HYDB Dividends

Last 12 months to Oct 30, 2026

Yield (12M): FHYS 6.64%; HYDB 7.16%, better
Payout (12M): FHYS $1.50; HYDB $3.21
Last payment: FHYS $0.12; HYDB $0.27
Ex-dividend: FHYS Oct 30, 2026; HYDB Oct 1, 2026
Paid on: FHYS Pays Nov 2, 2026; HYDB Oct 6, 2026
Frequency: FHYS Monthly; HYDB Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

FHYSMonthly · 46 paymentsAll FHYS payments⁠

HYDBMonthly · 45 paymentsAll HYDB payments⁠

FHYS vs HYDB Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: FHYS 2.7%, betterHYDB 4.9%
Return per unit of riskSharpe ratio, 3 years: FHYS 0.93, betterHYDB 0.77
Worst fallMax drawdown, 5 years: FHYS −11.6%since Dec 2021HYDB −14.3%
Market sensitivityBeta, 5 years: FHYS 0.28HYDB 0.65; Market = 1

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