FSYD vs SCYB: Grades, Fees and Holdings Compared

Fidelity Sustainable High Yield ETF

FSYDCNYSE Arca

Schwab High Yield Bond ETF

SCYBANYSE Arca

Overlap

0.0%by weight

Expense ratio

SCYB −0.52pt a year

FSYD0.55%SCYB0.03%

Avg volume · 30D

SCYB 49.7×the volume

FSYD22.7KSCYB1.13M

3Y return · a year

FSYD +0.7pt

FSYD+8.2%SCYB+7.5%

FSYD vs SCYB Performance

Nov 5, 2025 – Nov 5, 2026

+2.9%FSYD+2.5%SCYB

Expense ratio: FSYD 0.55%; SCYB 0.03%, better
Fund size: FSYD $140M; SCYB $2.74B
1Y total return: FSYD +2.9%, better; SCYB +2.5%
Yield (12M): FSYD 6.58%; SCYB 7.17%, better
Holdings: FSYD 359; SCYB 1839
Avg volume (30D): FSYD 22.7K sh; SCYB 1.13M sh, better
NAV per share: FSYD $46.42; SCYB $25.21
52W range

ETF.net Grade

Pillar letters and Scores for FSYD, SCYB, with each pillar’s weight
Pillar	FSYD	SCYB
Cost30% weight	F21	A100Higher
Mission25% weight	A98	A100Higher
Risk15% weight	C46	B58Higher
Tradability15% weight	C44	A77Higher
Holdings10% weight	C54	A100Higher
Durability5% weight	C49	B68Higher

Rank among US High Yield funds

How we build Categories ›

Same Category. FSYD 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 2nd and FSYD 54th of 84 funds in the US High Yield Category.

Rank 1ASPHYState Street SPDR Portfolio High Yield Bond ETFScore 90
Rank 2AHYLBXtrackers USD High Yield Corporate Bond ETFScore 88
Rank 2ASCYBSchwab High Yield Bond ETFScore 88
Rank 2AUSHYiShares Broad USD High Yield Corporate Bond ETFScore 88
Rank 53CPSHPGIM Short Duration High Yield ETFScore 53
Rank 54CFSYDFidelity Sustainable High Yield ETFScore 52
Rank 54CTHYFT. Rowe Price U.S. High Yield ETFScore 52

Our read on each fund

ETF.net Research

FSYDCFidelity Sustainable High Yield ETF

SCYBASchwab High Yield Bond ETF

In short

FSYD Junk bonds with a screen. FSYD reaches for high income in below-investment-grade debt, but only from issuers with proven or improving sustainability practices, with a quality-and-value quant model doing the picking.

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

FSYD The fund seeks a high level of income and may also pursue capital appreciation. It primarily invests in below-investment-grade debt securities issued by companies with proven or improving sustainability practices.

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

FSYD Rare combo: a high-yield bond fund built around a sustainability test rather than plain credit beta. What the label promises and what the portfolio holds line up closely.
The screen sits in the prospectus, not the brochure: below-investment-grade issuers with proven or improving sustainability practices, sorted by a quality-and-value quant model.
Spreads credit risk across roughly 400 bond positions and pays income monthly.
Measured against the ICE BofA US High Yield Constrained Index, the same yardstick used by plain-vanilla giants like USHY, so the effect of the screen is easy to compare.

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

FSYD At 0.55% a year it sits above the high-yield median of 0.40%, and index rivals like SCYB (0.03%) and SPHY (0.05%) cost a fraction. The screening work is the bill.
Thinly traded and small next to the category's heavyweights, so limit orders and patience matter on the way in and out.
Below-investment-grade debt carries credit risk: prices move with default worries in ways investment-grade bonds generally do not.

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 FSYD profile⁠

Full SCYB profile⁠

FSYD vs SCYB Holdings

How FSYD and SCYB differ

Overlap by weight

0.0%

Level by level

Holdings0 in both0.0%
Countryby domicile85.9%
Asset classStocks100%

Sector

No Sector split for FSYD.

Country, concentration and asset class

Country by domicile

Country weights in FSYD and SCYB, widest gap first
Country	Gap	FSYD	SCYB
United States	FSYD +14.1 points	100.0%	85.9%
Canada	SCYB +4.1 points	0.0%	4.1%
United Kingdom	SCYB +1.7 points	0.0%	1.7%
Japan	SCYB +1.3 points	0.0%	1.3%
Cayman Islands	SCYB +1.2 points	0.0%	1.2%
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%
Other countries (11)	SCYB +2.5 points	0.0%	2.5%

Concentration

Weight in the 10 largest Holdings

FSYD15.3%
SCYB3.5%

Securities held

FSYD355
SCYB1,839

Asset class

FSYD: Stocks
SCYB: Stocks

Holdings

Only in FSYD355
In both0
Only in SCYB1,839

Only in FSYD

355 securities, 98.5% of FSYD by weight

Cvs Health 6.75/VAR 12/10/541.94%
Entegris Inc 5.95% 6/30 144A1.75%
Reworld Hldg 4.875% 12/29 144A1.66%
Terraform Powe 4.75% 1/30 144A1.63%
Humana Inc 6.625%/VAR 09/15/561.56%
Hilton Do 3.625% 02/15/32 144A1.39%
Bausch Health Tm B 1LN 10/301.37%
Block Inc 6.5% 05/15/321.34%
Level 3 Finl 6.875% 6/33 144A1.18%
Go Daddy Operat 3.5% 3/29 144A1.09%
Hudbay Minera 6.125% 4/29 144A1.09%
Tenet Health 5.5% 11/32 144A1.06%
Charles River 4.25% 5/28 144A1.05%
Nextera Engy Op 4.5% 9/27 144A0.96%
Sunoco Lp /Corp 4.5% 05/15/290.93%
Olin Corp 5% 02/01/300.93%
PG&E Corp 7.375%/VAR 03/15/550.89%
Dpl Inc 4.35% 04/15/290.86%
Tenet Health 6.25% 9/34 144A0.82%
Olin Corp 6.625% 04/01/33 144A0.81%
Davita Inc 3.75% 02/15/31 144A0.80%
Molina Hea 6.25% 01/15/33 144A0.80%
Wayfair Llc 7.25% 10/29 144A0.78%
Cvs Health Corp 7%/VAR 3/10/550.78%
Pediatrix 5.375% 02/15/30 144A0.78%
Ally Finl Inc 6.646%/VAR 1/400.78%
Centene Corp 3.375% 02/15/300.77%
Iqvia Inc 5% 05/15/27 144A0.77%
Cco Hldgs/Cap 4.25% 1/34 144A0.71%
Sunoco Lp 6.25% 07/01/33 144A0.70%
Wayfair Llc 6.75% 11/32 144A0.69%
Oracle Corp 3.6% 04/01/400.68%
Advance A 7.375% 08/01/33 144A0.65%
Global Partner 6.875% 01/15/290.64%
On Semiconduc 3.875% 9/28 144A0.63%
Brand Indu 10.375% 8/1/30 144A0.62%
Post Hldgs Inc 4.5% 9/31 144A0.62%
Davita Inc 6.875% 9/1/32 144A0.61%
Sunoco Lp 5.875% 03/15/34 144A0.60%
Cnx Midstream 4.75% 4/30 144A0.60%
Cnx Resources 5.875% 3/34 144A0.59%
Starwood Ppty 6% 04/15/30 144A0.54%
Cloud Software 9% 9/30/29 144A0.53%
Olympus Wtr 6.75% 8/1/32 144A0.52%
Charles River 3.75% 3/29 144A0.52%
Ati Inc 4.875% 10/01/290.51%
PG&E Corp 5.25% 07/01/300.51%
Toucan Finco Lt 9.5% 5/30 144A0.51%
Olympus Wtr 7.25% 2/15/33 144A0.50%
Nrg Energy 6.25% 11/1/34 144A0.50%

Only in SCYB

1,839 securities, 100% of SCYB by weight

Ssc Government Mm Gvmxx0.63%
1261229 B.c. Ltd. 10.00% 04/15/2032 (BBG01SXN7B44)0.44%
Paramount Skydance Corp 8.25% 10/15/2031 (BBG025HXFVH2)0.41%
Meridian Arc Holdco Llc 6.25% 04/30/2031 (BBG021N2KYD4)0.34%
Softbank Group Corp 9.25% 04/01/2032 (BBG025B7PLB2)0.31%
Softbank Group Corp 9.75% 04/01/2034 (BBG025B5VM54)0.31%
Paramount Skydance Corp 8.88% 10/15/2034 (BBG025HXHQ09)0.28%
Picard Midco Inc 6.50% 03/31/2029 (BBG019LX2T70)0.27%
Pr Rno Property Owner 1 Llc 6.50% 05/01/2031 (BBG021YPZPP1)0.27%
Quikrete Holdings Inc 6.38% 03/01/2032 (BBG01S19FXV3)0.26%
Cloud Software Group Inc 9.00% 09/30/2029 (BBG01G4F7QQ2)0.25%
Echostar Corp 10.75% 11/30/2029 (BBG01QRKXMB0)0.23%
Nexstar Media Inc 6.50% 09/15/2033 (BBG02154SVJ2)0.23%
Galaxy Digital Holdings Ltd 9.88% 08/01/2031 (BBG023X2YYQ0)0.23%
Sv Rno Property Owner 1 Llc 5.88% 03/01/2031 (BBG0208VTN17)0.22%
Venture Global Lng Inc 9.50% 02/01/2029 (BBG01JRWR409)0.22%
Centene Corporation 4.63% 12/15/2029 (BBG00T5K2GV4)0.22%
Asurion Llc 8.00% 12/31/2032 (BBG01YYNGVM6)0.22%
Oak Eagle Acquireco Inc 7.25% 07/01/2033 (BBG0216YVDJ1)0.21%
Wulf Compute Llc 7.75% 10/15/2030 (BBG01XWZ1957)0.20%
Core Scientific Finance I Llc 7.75% 05/15/2031 (BBG021TW11L6)0.20%
Panther Escrow Issuer Llc 7.13% 06/01/2031 (BBG01M46NGP4)0.19%
Skydance Corp 5.05% 03/15/2042 (BBG025PYMZH4)0.19%
Cco Holdings Llc 5.00% 02/01/2028 (BBG00HCXTNX8)0.19%
Mozart Debt Merger Sub Inc 5.25% 10/01/2029 (BBG012QCFXV6)0.19%
Hub International Ltd 7.25% 06/15/2030 (BBG01GY3KTY6)0.18%
Emerald Debt Merger Sub Llc 6.63% 12/15/2030 (BBG01GJ0S1M5)0.18%
Carrix Inc 6.13% 08/01/2033 (BBG023NH2ZJ8)0.18%
Oak Eagle Acquireco Inc 8.75% 07/01/2034 (BBG0216YVF42)0.18%
Transdigm Inc 6.63% 03/01/2032 (BBG01LG68K26)0.18%
Dish Dbs Corp 5.75% 12/01/2028 (BBG013F8PFJ7)0.18%
Asurion Llc 8.38% 02/01/2034 (BBG01ZT0J7N8)0.17%
Neptune Bidco Us Inc 9.29% 04/15/2029 (BBG01BCJPPT5)0.17%
Cco Holdings Llc 4.75% 03/01/2030 (BBG00Q9KZKK3)0.17%
Transdigm Inc 6.38% 03/01/2029 (BBG01LG68JB9)0.17%
Transdigm 6.75% 01/31/2035 (BBG02534RLY1)0.17%
Mauser Packaging Solutions Holding 7.88% 04/15/2030 (BBG01YQ74FS2)0.17%
Cco Holdings Llc 4.50% 05/01/2032 (BBG01016YSJ4)0.17%
Transdigm Inc 6.38% 05/31/2033 (BBG01TYXN2R6)0.17%
Cco Holdings Llc 4.25% 02/01/2031 (BBG00VXBDRR7)0.17%
Cco Holdings Llc 4.50% 08/15/2030 (BBG00RMHNL33)0.16%
Davita Inc 4.63% 06/01/2030 (BBG00V30XND6)0.16%
Skydance Corp 4.90% 03/15/2032 (BBG025PYJ8J6)0.16%
Coreweave Inc 9.75% 10/01/2031 (BBG021JWL723)0.16%
Level 3 Financing Inc 7.00% 03/31/2034 (BBG01WHX5GT5)0.16%
Connect Finco Sarl 9.00% 09/15/2029 (BBG01PNMWYR0)0.16%
Ukg Inc 6.88% 02/01/2031 (BBG01L81BM19)0.16%
Staples Inc 10.75% 09/01/2029 (BBG01MZLYJL3)0.16%
Venture Global Lng Inc 8.38% 06/01/2031 (BBG01GNYBL31)0.16%
Nrg Energy Inc 6.00% 01/15/2036 (BBG01XK0QB82)0.16%

Weight gaps

FSYD and SCYB share no securities.

All 408 FSYD holdings⁠All 1,839 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.

FSYD vs SCYB Cost

Overpaying FSYD vs SCYB

$10,266

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

FSYD 0.55%
$10,904
SCYB 0.03%
$638

Amount$10,000

Years30 years

Cost over time

FSYD 0.55%
SCYB 0.03%
Overpaying

Year by year

Year	FSYD	SCYB	Overpaying
10	$988	$55	$933
20	$3,790	$216	$3,574
30	$10,904	$638	$10,266

Expense ratio

0.55%FSYD
0.03%SCYB, cheaper

SCYB0.03%FSYD0.55%

0.03%1.24%

Middle half of US High Yield funds
Median 0.42%

SCYB cheapest of 84 funds

FSYD 64th cheapest of 84 funds

FSYD vs SCYB Dividends

Last 12 months to Nov 5, 2026

Yield (12M): FSYD 6.58%; SCYB 7.17%, better
Payout (12M): FSYD $3.06; SCYB $1.81
Last payment: FSYD $0.27; SCYB $0.16
Ex-dividend: FSYD Oct 29, 2026; SCYB Nov 2, 2026
Paid on: FSYD Nov 2, 2026; SCYB Pays Nov 6, 2026
Frequency: FSYD Monthly; SCYB Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

FSYDMonthly · 46 paymentsAll FSYD payments⁠

SCYBMonthly · 39 paymentsAll SCYB payments⁠

FSYD vs SCYB Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: FSYD 5.0%SCYB 4.6%, better
Return per unit of riskSharpe ratio, 3 years: FSYD 0.91, betterSCYB 0.82
Worst fallMax drawdown, 5 years: FSYD −12.1%since Feb 2022SCYB −4.9%since Jul 2023
Market sensitivityBeta, 5 years: FSYD 0.72SCYB 0.28; Market = 1

FSYD 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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FSYD vs SCYB

In short

Stated mandate

Why people hold it

Worth knowing

How FSYD and SCYB differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FSYD

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 FSYD and SCYB differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FSYD

Only in SCYB

Weight gaps