GHYG vs HYDB: Grades, Fees and Holdings Compared

iShares US & Intl High Yield Corp Bond ETF

GHYGBCboe

iShares High Yield Systematic Bond ETF

HYDBACboe

Overlap

No data

Expense ratio

HYDB −0.05pt a year

GHYG0.40%HYDB0.35%

Avg volume · 30D

HYDB 9.9×the volume

GHYG17.7KHYDB175K

5Y return · a year

HYDB +0.9pt

GHYG+3.1%HYDB+4.0%

GHYG vs HYDB Performance

Oct 29, 2021 – Oct 30, 2026

+16.3%GHYG+21.6%HYDB

Expense ratio: GHYG 0.40%; HYDB 0.35%, better
Fund size: GHYG $186M; HYDB $1.53B
1Y total return: GHYG +0.7%; HYDB +1.1%, better
Yield (12M): GHYG 6.47%; HYDB 7.16%, better
Holdings: GHYG 1728; HYDB 253
Avg volume (30D): GHYG 17.7K sh; HYDB 175K sh, better
NAV per share: GHYG $43.29; HYDB $44.72
52W range

ETF.net Grade

Pillar letters and Scores for GHYG, HYDB, with each pillar’s weight
Pillar	GHYG	HYDB
Cost30% weight	A70	A93Higher
Mission25% weight	A81	A95Higher
Risk15% weight	D38	C42Higher
Tradability15% weight	D38	A85Higher
Holdings10% weight	A99Higher	B66
Durability5% weight	A75	A84Higher

Rank among International High Yield Bond funds

How we build Categories ›

Same Category. GHYG 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 GHYG 3rd 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 3BGHYGiShares US & Intl High Yield Corp Bond ETFScore 66
Rank 4BHYEMVanEck Emerging Markets High Yield Bond ETFScore 64

Our read on each fund

ETF.net Research

GHYGBiShares US & Intl High Yield Corp Bond ETF

HYDBAiShares High Yield Systematic Bond ETF

In short

GHYG Most junk-bond ETFs stop at the US border. GHYG holds high-yield corporate debt from US and overseas issuers in one wrapper, spread across roughly 1,700 bonds, with income paid monthly.

HYDB No data

Stated mandate

GHYG The fund seeks to track an index of high-yield corporate bonds issued in the United States and abroad.

HYDB No data

Why people hold it

GHYG Passport included: tracks an index of high-yield corporate bonds issued in the US and abroad, while the biggest names in the category stick to USD-denominated paper.
Roughly 1,700 bonds in the basket, so one issuer's trouble is a rounding error. That breadth is among the strongest in its high-yield peer group.
Pays monthly, and has been running since its 2012 launch, so the record spans a full credit cycle rather than one calm stretch.

HYDB No data

Worth knowing

GHYG The 0.40% fee sits right at the high-yield median, but USD-only trackers like SCYB (0.03%) and SPHY (0.05%) charge a fraction. Global reach is the line item you pay for.
Thinly traded with a modest asset base, so bid-ask spreads tend to run wider than the household-name high-yield funds.
This is below-investment-grade credit. Prices move with default worries, and stress in the credit market hits harder here than in a Treasury fund.

HYDB No data

Full GHYG profile⁠

Full HYDB profile⁠

GHYG vs HYDB Holdings

How GHYG and HYDB differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Sector18 Sectors76.2%
Countryby domicile83.4%
Asset classFixed Income100%

Sector

Sector weights in GHYG and HYDB, widest gap first
Sector	More in GHYGMore in HYDB	GHYG	HYDB
Energy	HYDB +9.7 points	10.3%	20.0%
Capital Goods	GHYG +5.9 points	11.6%	5.7%
Basic Industry	HYDB +5.2 points	6.3%	11.5%
Reits	HYDB +4.7 points	1.8%	6.5%
Communications	GHYG +3.8 points	17.8%	14.0%
Insurance	GHYG +3.7 points	3.7%	0.0%
Health Care	GHYG +3.3 points	8.4%	5.1%
Consumer Discretionary	GHYG +2.7 points	21.4%	18.7%
Finance Companies	HYDB +1.8 points	4.0%	5.8%
Brokerage/Asset Managers/Exchanges	HYDB +1.7 points	0.8%	2.5%
Consumer Non-Cyclical	GHYG +1.5 points	4.5%	3.0%
Electric	GHYG +1.2 points	3.9%	2.7%
Transportation	GHYG +1.0 points	2.9%	1.9%
Owned No Guarantee	GHYG +0.6 points	0.6%	0.0%
Real Estate	HYDB +0.4 points	1.0%	1.4%
Technology	HYDB +0.2 points	0.0%	0.2%
Natural Gas	GHYG +0.1 points	0.1%	0.0%
Banking	Same weight	1.0%	1.0%

Country, concentration and asset class

Country by domicile

Country weights in GHYG and HYDB, widest gap first
Country	More in GHYGMore in HYDB	GHYG	HYDB
United States	HYDB +13.3 points	73.6%	86.9%
France	GHYG +5.7 points	5.9%	0.2%
Germany	GHYG +3.3 points	3.3%	0.0%
Italy	GHYG +3.1 points	3.1%	0.0%
United Kingdom	GHYG +2.3 points	5.6%	3.3%
Australia	HYDB +1.4 points	0.0%	1.4%
Netherlands	GHYG +1.3 points	1.3%	0.0%
Luxembourg	GHYG +0.9 points	1.7%	0.8%
Other countries (6)	HYDB +2.0 points	5.4%	7.4%

Outside the US: GHYG 100% developed, 0% emerging.

Concentration

Weight in the 10 largest Holdings

GHYG3.6%
HYDB7.5%

Securities held

GHYG1,718
HYDB249

Asset class

GHYG: Fixed Income
HYDB: Fixed Income

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. GHYG holds 1,718 securities, HYDB 249.

All 1,732 GHYG 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.

GHYG vs HYDB Cost

Overpaying GHYG vs HYDB

$964

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

GHYG 0.40%
$8,090
HYDB 0.35%
$7,126

Amount$10,000

Years30 years

Cost over time

GHYG 0.40%
HYDB 0.35%
Overpaying

Year by year

Year	GHYG	HYDB	Overpaying
10	$723	$634	$89
20	$2,793	$2,454	$339
30	$8,090	$7,126	$964

Expense ratio

0.40%GHYG
0.35%HYDB, cheaper

HYDB0.35%GHYG0.40%

0.35%0.69%

Middle half of International High Yield Bond funds
Median 0.46%

HYDB cheapest of 13 funds

GHYG 3rd cheapest of 13 funds

GHYG vs HYDB Dividends

Last 12 months to Oct 30, 2026

Yield (12M): GHYG 6.47%; HYDB 7.16%, better
Payout (12M): GHYG $2.82; HYDB $3.21
Last payment: GHYG $0.23; HYDB $0.27
Ex-dividend: GHYG Oct 1, 2026; HYDB Oct 1, 2026
Paid on: GHYG Oct 6, 2026; HYDB Oct 6, 2026
Frequency: GHYG Monthly; HYDB Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

GHYGMonthly · 45 paymentsAll GHYG payments⁠

HYDBMonthly · 45 paymentsAll HYDB payments⁠

GHYG vs HYDB Risk

Fall from peak · 5 years

GHYG
HYDB

Risk facts

VolatilityStd dev, 3 years: GHYG 5.5%HYDB 4.9%, better
Return per unit of riskSharpe ratio, 3 years: GHYG 0.70HYDB 0.77, better
Worst fallMax drawdown, 5 years: GHYG −19.7%HYDB −14.3%, better
Market sensitivityBeta, 5 years: GHYG 0.74HYDB 0.65; Market = 1

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