HYBB vs SCYB: Grades, Fees and Holdings Compared

iShares BB Rated Corporate Bond ETF

HYBBANYSE Arca

Schwab High Yield Bond ETF

SCYBANYSE Arca

Overlap

0.0%by weight

Expense ratio

SCYB −0.22pt a year

HYBB0.25%SCYB0.03%

Avg volume · 30D

SCYB 14.5×the volume

HYBB76.3KSCYB1.1M

3Y return · a year

SCYB +0.4pt

HYBB+8.0%SCYB+8.4%

HYBB vs SCYB Performance

Oct 31, 2025 – Oct 30, 2026

+2.3%HYBB+2.0%SCYB

Expense ratio: HYBB 0.25%; SCYB 0.03%, better
Fund size: HYBB $369M; SCYB $2.8B
1Y total return: HYBB +2.3%, better; SCYB +2.0%
Yield (12M): HYBB 6.06%; SCYB 7.14%, better
Holdings: HYBB 1072; SCYB 1844
Avg volume (30D): HYBB 76.3K sh; SCYB 1.1M sh, better
NAV per share: HYBB $45.32; SCYB $25.22
52W range

ETF.net Grade

Pillar letters and Scores for HYBB, SCYB, with each pillar’s weight
Pillar	HYBB	SCYB
Cost30% weight	A79	A100Higher
Mission25% weight	A96	A100Higher
Risk15% weight	B59	B59
Tradability15% weight	C50	A88Higher
Holdings10% weight	A90	A99Higher
Durability5% weight	B69Higher	B68

Rank among US High Yield funds

How we build Categories ›

Same Category. HYBB 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 HYBB 13th 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 11AGHYBGoldman Sachs Access High Yield Corporate Bond ETFScore 77
Rank 13AHYBBiShares BB Rated Corporate Bond ETFScore 76
Rank 14AJNKState Street SPDR Bloomberg High Yield Bond ETFScore 75

Our read on each fund

ETF.net Research

HYBBAiShares BB Rated Corporate Bond ETF

SCYBASchwab High Yield Bond ETF

In short

HYBB Most high-yield funds buy the whole junk pile, CCCs included. HYBB takes only the top rung: BB-rated corporate bonds, the tier sitting just below investment grade, for less than the typical high-yield ETF charges.

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

HYBB The fund is designed to follow an index composed of BB-rated corporate bonds denominated in U.S. dollars.

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

HYBB Follows the ICE BofA BB US High Yield Constrained Index, so credit quality stays pinned to the BB rung rather than drifting down into deeper junk.ishares.com
Charges 0.25% a year, under the median for high-yield bond ETFs, and has tracked its index closely since launching in 2020.
Spreads the money across roughly 1,100 bonds and pays monthly, so no single issuer carries much weight in the portfolio.
One of the stronger builds in a crowded high-yield field: single-slice mandate, index-faithful, no leverage or derivative wrappers bolted on.

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

HYBB Thinly traded next to the category's giants, which can mean wider bid-ask spreads, particularly when credit markets get rough.
BB is the top of junk, not investment grade. Default risk and spread swings still come with the territory.
Broad high-yield rivals cost less: SCYB at 0.03% and SPHY at 0.05% buy the entire junk market, BBs and all, for a fraction of the fee.

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 HYBB profile⁠

Full SCYB profile⁠

HYBB vs SCYB Holdings

How HYBB and SCYB differ

Overlap by weight

0.0%

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

Level by level

Asset classFixed Income, Equity0.0%
Sector18 Sectors0.0%
Holdings0 in both0.0%
Countryby domicile97.4%

Sector

Sector weights in HYBB and SCYB, widest gap first
Sector	More in HYBBMore in SCYB	HYBB	SCYB
Financials	SCYB +100.0 points	0.0%	100.0%
Consumer Discretionary	HYBB +18.5 points	18.5%	0.0%
Communications	HYBB +15.8 points	15.8%	0.0%
Energy	HYBB +15.5 points	15.5%	0.0%
Capital Goods	HYBB +12.7 points	12.7%	0.0%
Basic Industry	HYBB +6.9 points	6.9%	0.0%
Health Care	HYBB +6.0 points	6.0%	0.0%
Finance Companies	HYBB +5.9 points	5.9%	0.0%
Electric	HYBB +4.9 points	4.9%	0.0%
Consumer Non-Cyclical	HYBB +4.5 points	4.5%	0.0%
Insurance	HYBB +3.4 points	3.4%	0.0%
Transportation	HYBB +2.1 points	2.1%	0.0%
Reits	HYBB +1.9 points	1.9%	0.0%
Brokerage/Asset Managers/Exchanges	HYBB +0.6 points	0.6%	0.0%
Owned No Guarantee	HYBB +0.4 points	0.4%	0.0%
Banking	HYBB +0.4 points	0.4%	0.0%
Real Estate	HYBB +0.3 points	0.3%	0.0%
Technology	HYBB +0.1 points	0.1%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in HYBB and SCYB, widest gap first
Country	More in HYBBMore in SCYB	HYBB	SCYB
Bermuda	SCYB +0.9 points	0.2%	1.1%
Japan	HYBB +0.7 points	2.0%	1.3%
Canada	SCYB +0.7 points	3.4%	4.1%
Cayman Islands	SCYB +0.5 points	0.7%	1.2%
Other countries (16)	HYBB +1.3 points	93.6%	92.3%

Concentration

Weight in the 10 largest Holdings

HYBB5.7%
SCYB3.7%

Securities held

HYBB1,069
SCYB1,843

Asset class

HYBB: Fixed Income
SCYB: Equity

Holdings

Only in HYBB1,069
In both0
Only in SCYB1,843

Only in HYBB

1,069 securities, 98.5% of HYBB by weight

Meridian Arc Holdco Llc 144A 6.25% 04/30/20310.60%
Softbank Group Corp 144A 9.25% 04/01/20320.52%
Softbank Group Corp 144A 9.75% 04/01/20340.50%
Pr Rno Property Owner 1 Llc 144A 6.50% 05/01/20310.49%
Cloud Software Group Llc 144A 6.50% 03/31/20290.46%
Quikrete Holdings Inc 144A 6.38% 03/01/20320.45%
Paramount Skydance Corp 144A 8.25% 10/15/20310.41%
Nexstar Media Inc 144A 6.50% 09/15/20330.39%
Galaxy Helios Data Centers Ii Llc 144A 9.88% 08/01/20310.39%
Sv Rno Property Owner 1 Llc 144A 5.88% 03/01/20310.38%
Core Scientific Finance I Llc 144A 7.75% 05/15/20310.38%
Wulf Compute Llc 144A 7.75% 10/15/20300.38%
Centene Corporation 4.63% 12/15/20290.37%
Asurion Llc 144A 8.00% 12/31/20320.36%
Venture Global Lng Inc 144A 9.50% 02/01/20290.35%
Transdigm Inc 144A 6.75% 01/31/20350.35%
Skydance Corp 144A 5.05% 03/15/20420.34%
Paramount Skydance Corp 144A 8.88% 10/15/20340.34%
Emrld Borrower Lp 144A 6.63% 12/15/20300.33%
Transdigm Inc 144A 6.38% 03/01/20290.33%
Skydance Corp 144A 4.90% 03/15/20320.32%
Oak Eagle Acquireco Inc 144A 7.25% 07/01/20330.30%
1011778 Bc Unlimited Liability Co 144A 4.00% 10/15/20300.30%
Davita Inc 144A 4.63% 06/01/20300.28%
Apld Computeco Llc 144A 9.25% 12/15/20300.28%
Directv Financing Llc 144A 8.88% 02/01/20300.28%
Cvs Health Corp NC5.25 7.00% 03/10/20550.28%
Venture Global Lng Inc 144A 8.38% 06/01/20310.28%
Transdigm Inc 144A 6.63% 03/01/20320.27%
Nrg Energy Inc 144A 6.00% 01/15/20360.27%
Aadvantage Loyalty Ip Ltd 144A 5.75% 04/20/20290.27%
Level 3 Financing Inc 144A 7.00% 03/31/20340.26%
Csdc Finance I Llc 144A 7.88% 10/01/20310.26%
Carrix Inc 144A 6.13% 08/01/20330.26%
Nissan Motor Co Ltd 144A 4.81% 09/17/20300.26%
Qxo Building Products Inc 144A 6.75% 04/30/20320.26%
Rakuten Group Inc 144A 9.75% 04/15/20290.26%
Medline Borrower Lp 144A 5.25% 10/01/20290.25%
Directv Financing Llc 144A 10.00% 02/15/20310.25%
Rocket Companies Inc 144A 6.13% 08/01/20300.24%
Venture Global Plaquemines Lng Llc 144A 6.50% 01/15/20340.24%
Block Inc 6.50% 05/15/20320.24%
Vodafone Group PLC 7.00% 04/04/20790.24%
Venture Global Plaquemines Lng Llc 144A 6.75% 01/15/20360.24%
Level 3 Financing Inc 144A 6.88% 06/30/20330.23%
Organon & Co 144A 4.13% 04/30/20280.23%
Iqvia Inc 144A 6.25% 06/01/20320.23%
Iqvia Inc 144A 6.38% 03/15/20340.23%
Black Pearl Compute Llc 144A 6.13% 02/15/20310.23%
Tenet Healthcare Corp 144A 6.25% 09/15/20340.23%

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

HYBB and SCYB share no securities.

All 1,089 HYBB 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.

HYBB vs SCYB Cost

Overpaying HYBB vs SCYB

$4,521

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

HYBB 0.25%
$5,159
SCYB 0.03%
$638

Amount$10,000

Years30 years

Cost over time

HYBB 0.25%
SCYB 0.03%
Overpaying

Year by year

Year	HYBB	SCYB	Overpaying
10	$455	$55	$400
20	$1,769	$216	$1,553
30	$5,159	$638	$4,521

Expense ratio

0.25%HYBB
0.03%SCYB, cheaper

SCYB0.03%HYBB0.25%

0.03%1.24%

Middle half of US High Yield funds
Median 0.42%

SCYB cheapest of 84 funds

HYBB 18th cheapest of 84 funds

HYBB vs SCYB Dividends

Last 12 months to Oct 30, 2026

Yield (12M): HYBB 6.06%; SCYB 7.14%, better
Payout (12M): HYBB $2.76; SCYB $1.80
Last payment: HYBB $0.23; SCYB $0.16
Ex-dividend: HYBB Oct 1, 2026; SCYB Oct 1, 2026
Paid on: HYBB Oct 6, 2026; SCYB Oct 7, 2026
Frequency: HYBB Monthly; SCYB Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

HYBBMonthly · 45 paymentsAll HYBB payments⁠

SCYBMonthly · 38 paymentsAll SCYB payments⁠

HYBB vs SCYB Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: HYBB 4.6%SCYB 4.6%
Return per unit of riskSharpe ratio, 3 years: HYBB 0.75SCYB 0.82, better
Worst fallMax drawdown, 5 years: HYBB −15.1%SCYB −4.9%since Jul 2023
Market sensitivityBeta, 5 years: HYBB 0.65SCYB 0.28; Market = 1

HYBB 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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HYBB vs SCYB

In short

Stated mandate

Why people hold it

Worth knowing

How HYBB and SCYB differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in HYBB

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 HYBB and SCYB differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in HYBB

Only in SCYB

Weight gaps