HYDB vs IHY: Grades, Fees and Holdings Compared

iShares High Yield Systematic Bond ETF

HYDBACboe

VanEck International High Yield Bond ETF

IHYBNYSE Arca

Overlap

0.0%by weight

Expense ratio

HYDB −0.05pt a year

HYDB0.35%IHY0.40%

Avg volume · 30D

HYDB 19.0×the volume

HYDB175KIHY9.2K

5Y return · a year

HYDB +2.0pt

HYDB+4.0%IHY+2.0%

HYDB vs IHY Performance

Oct 29, 2021 – Oct 30, 2026

+21.6%HYDB+10.3%IHY

Expense ratio: HYDB 0.35%, better; IHY 0.40%
Fund size: HYDB $1.53B; IHY $39M
1Y total return: HYDB +1.1%, better; IHY −0.4%
Yield (12M): HYDB 7.16%, better; IHY 6.13%
Holdings: HYDB 253; IHY 500
Avg volume (30D): HYDB 175K sh, better; IHY 9.2K sh
NAV per share: HYDB $44.72; IHY $20.70
52W range

ETF.net Grade

Pillar letters and Scores for HYDB, IHY, with each pillar’s weight
Pillar	HYDB	IHY
Cost30% weight	A93Higher	A70
Mission25% weight	A95Higher	A76
Risk15% weight	C42Higher	D38
Tradability15% weight	A85Higher	C45
Holdings10% weight	B66	A78Higher
Durability5% weight	A84Higher	B61

Rank among International High Yield Bond funds

How we build Categories ›

Same Category. HYDB and IHY 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 IHY 5th 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 4BHYEMVanEck Emerging Markets High Yield Bond ETFScore 64
Rank 5BIHYVanEck International High Yield Bond ETFScore 63
Rank 5BPGHYInvesco Global ex-US High Yield Corporate Bond ETFScore 63

Our read on each fund

ETF.net Research

HYDBAiShares High Yield Systematic Bond ETF

IHYBVanEck International High Yield Bond ETF

In short

HYDB No data

IHY Most high yield ETFs are a bet on American borrowers. IHY flips the map: junk-rated bonds from non-US companies only, issued in dollars, euros, sterling and Canadian dollars, with no issuer allowed to hog the portfolio.

Stated mandate

HYDB No data

IHY The fund seeks to track, before fees and expenses, the price and yield performance of the ICE BofA Global ex-US Issuers High Yield Constrained Index.

Why people hold it

HYDB No data

IHY The ex-US specialist in a cohort where the household names all buy US corporate paper. Its index takes below investment grade bonds from non-US issuers in the major domestic and Eurobond markets.vaneck.com
No single borrower can dominate. The index caps any one issuer at 3%, trimming the outliers, and the fund spreads across roughly 500 bonds.vaneck.com
Four currencies of issuance (US dollar, euro, pound sterling, Canadian dollar) widen the opportunity set well beyond the dollar-only high yield market.vaneck.com
Running since 2012 with monthly distributions and a plain passive index mandate. Long history for such a narrow corner of the bond market.

Worth knowing

HYDB No data

IHY Small and thinly traded, so bid-ask spreads tend to run wider than the category's giants. Trade size and timing matter more here.
0.40% is the cohort median, but the largest US-focused peers (SCYB, SPHY, USHY) charge a fraction of that. The ex-US mandate is what you're paying up for.
Monthly payouts can include return of capital, which the fund discloses. Part of a distribution may be your own principal coming back.

Full HYDB profile⁠

Full IHY profile⁠

HYDB vs IHY Holdings

How HYDB and IHY differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of HYDB and 0.0% of IHY.

Level by level

Holdings0 in both0.0%
Countryby domicile16.5%

Sector

No Sector split for IHY.

Country, concentration and asset class

Country by domicile

Country weights in HYDB and IHY, widest gap first
Country	More in HYDBMore in IHY	HYDB	IHY
United States	HYDB +82.8 points	86.9%	4.1%
Turkey	IHY +12.8 points	0.0%	12.8%
France	IHY +11.1 points	0.2%	11.3%
Luxembourg	IHY +9.4 points	0.8%	10.2%
Netherlands	IHY +8.7 points	0.0%	8.7%
United Kingdom	IHY +7.7 points	3.3%	11.0%
Mexico	IHY +4.8 points	0.0%	4.8%
Italy	IHY +4.8 points	0.0%	4.8%
Other countries (25)	IHY +23.6 points	8.7%	32.3%

Outside the US: IHY 71% developed, 29% emerging.

Concentration

Weight in the 10 largest Holdings

HYDB7.5%
IHY5.6%

Securities held

HYDB249
IHY358

Asset class

HYDB: Fixed Income
IHY: Multi-Asset

Holdings

Only in HYDB249
In both0
Only in IHY358

Only in HYDB

249 securities, 99.8% of HYDB by weight

Comstock Resources Inc 144A 6.75% 03/01/20290.88%
Apld Computeco 2 Llc 144A 6.75% 03/15/20310.76%
Venture Global Lng Inc 144A 9.88% 02/01/20320.76%
Venture Global Plaquemines Lng Llc 144A 7.75% 05/01/20350.76%
Talen Energy Supply Llc 144A 6.50% 02/01/20360.75%
Post Holdings Inc 144A 6.50% 03/15/20360.75%
Versant Media Group Inc 144A 7.25% 01/30/20310.75%
Wulf Compute Llc 144A 7.75% 10/15/20300.75%
Davita Inc 144A 4.63% 06/01/20300.75%
Coinbase Global Inc 144A 3.38% 10/01/20280.75%
Novelis Corp 144A 4.75% 01/30/20300.75%
Venture Global Lng Inc 144A 8.38% 06/01/20310.75%
Core Scientific Finance I Llc 144A 7.75% 05/15/20310.75%
Apld Computeco 3 Llc 144A 7.00% 06/15/20310.74%
Rocket Mortgage Llc 144A 3.88% 03/01/20310.74%
Equipmentsharecom Inc 144A 7.13% 07/01/20340.74%
Amc Entertainment Holdings Inc 144A 8.88% 10/15/20310.74%
Paramount Skydance Corp 144A 8.88% 10/15/20340.74%
Qxo Building Products Inc 144A 6.75% 04/30/20320.73%
Rakuten Group Inc 144A 9.75% 04/15/20290.73%
Nexstar Media Inc 144A 4.75% 11/01/20280.73%
Galaxy Helios Data Centers Ii Llc 144A 9.88% 08/01/20310.73%
Noble Finance Ii Llc 144A 8.00% 04/15/20300.72%
Gen Digital Inc 144A 6.25% 04/01/20330.71%
Skydance Corp 144A 4.90% 03/15/20320.70%
Diebold Nixdorf Inc 144A 7.75% 03/31/20300.70%
Cooper-Standard Automotive Inc 144A 9.25% 03/01/20310.69%
Uniti Services Llc 144A 8.25% 10/01/20310.69%
Caesars Entertainment Inc 144A 6.00% 10/15/20320.69%
Coreweave Inc 144A 9.25% 06/01/20300.66%
Biocon Biologics Global PLC 144A 6.67% 10/09/20290.64%
Nickel Industries Ltd 144A 9.00% 09/30/20300.63%
Paramount Global 6.88% 04/30/20360.62%
Ncl Corporation Ltd 144A 6.25% 09/15/20330.61%
Summit Midstream Holdings Llc 144A 8.63% 10/31/20290.61%
Garrett Motion Holdings Inc 144A 7.75% 05/31/20320.61%
Mpt Operating Partnership Lp 144A 8.50% 02/15/20320.60%
Celanese Us Holdings Llc 7.38% 02/15/20340.59%
Sisecam Uk PLC 144A 8.63% 05/02/20320.59%
Viasat Inc 144A 7.50% 05/30/20310.59%
Synchrony Financial 7.25% 02/02/20330.58%
SHIFT4 Payments Llc 144A 6.75% 08/15/20320.58%
Wayfair Llc 144A 7.25% 10/31/20290.58%
Skeena Resources Ltd 144A 8.50% 04/01/20310.58%
Park Intermediate Holdings Llc 144A 4.88% 05/15/20290.57%
Builders Firstsource Inc 144A 6.75% 05/15/20350.57%
Onemain Finance Corp 7.13% 11/15/20310.57%
Clue Opco Llc 144A 9.50% 10/15/20310.57%
Primo Water Holdings Inc 144A 4.38% 04/30/20290.57%
Ivanhoe Mines Ltd 144A 7.88% 01/23/20300.57%

Only in IHY

358 securities, 98.9% of IHY by weight

Petroleos Mexicanos3.23%
Softbank Group Corp2.27%
Ecopetrol Sa1.56%
Petrobras Global Finance Bv1.30%
Electricite De France Sa1.14%
Altice France Sa1.05%
Fibercop Spa1.03%
Vmed O2 Uk Financing I Plc0.98%
Vodafone Group Plc0.96%
Telefonica Europe Bv0.88%
Ypf Sa0.78%
Nissan Motor Co Ltd0.77%
Cpi Property Group Sa0.73%
First Quantum Minerals Ltd0.65%
Gfl Environmental Inc0.64%
Telecom Italia Capital Sa0.63%
Bayer Ag0.60%
Iliad Sa0.60%
Telus Corp0.59%
Forvia Se0.58%
Mineral Resources Ltd0.57%
Ineos Finance Plc0.57%
Iho Verwaltungs Gmbh0.57%
Schaeffler Ag0.57%
Edp Sa0.56%
Zf Europe Finance Bv0.56%
Grupo Nutresa Sa0.56%
Mundys Spa0.56%
Ses Sa0.56%
Valeo Se0.56%
Zf North America Capital Inc0.56%
Veolia Environnement Sa0.55%
Ardonagh Finco Ltd0.55%
Iliad Holding Sas0.55%
Infrastrutture Wireless Italiane Spa0.54%
Yapi Ve Kredi Bankasi As0.53%
Samarco Mineracao Sa0.52%
Azule Energy Finance Plc0.52%
Ion Platform Finance Us Inc / Ion Platf0.51%
Stellantis Nv0.51%
Turkiye Ihracat Kredi Bankasi As0.50%
Sunrise Finco I Bv0.50%
Vedanta Resources Finance Ii Plc0.50%
Rogers Communications Inc0.50%
Dar Al-Arkan Sukuk Co Ltd0.49%
Vz Vendor Financing Ii Bv0.48%
Bell Telephone Co Of Canada Or Bell Can0.48%
Bombardier Inc0.47%
Rakuten Group Inc0.46%
Omniyat Sukuk 1 Ltd0.46%

Weight gaps

HYDB and IHY share no securities.

All 256 HYDB holdings⁠All 539 IHY 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.

HYDB vs IHY Cost

Overpaying IHY vs HYDB

$964

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

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

Amount$10,000

Years30 years

Cost over time

HYDB 0.35%
IHY 0.40%
Overpaying

Year by year

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

Expense ratio

0.35%HYDB, cheaper
0.40%IHY

HYDB0.35%IHY0.40%

0.35%0.69%

Middle half of International High Yield Bond funds
Median 0.46%

HYDB cheapest of 13 funds

IHY 3rd cheapest of 13 funds

HYDB vs IHY Dividends

Last 12 months to Oct 30, 2026

Yield (12M): HYDB 7.16%, better; IHY 6.13%
Payout (12M): HYDB $3.21; IHY $1.27
Last payment: HYDB $0.27; IHY $0.11
Ex-dividend: HYDB Oct 1, 2026; IHY Oct 1, 2026
Paid on: HYDB Oct 6, 2026; IHY Oct 6, 2026
Frequency: HYDB Monthly; IHY Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

HYDBMonthly · 45 paymentsAll HYDB payments⁠

IHYMonthly · 45 paymentsAll IHY payments⁠

HYDB vs IHY Risk

Fall from peak · 5 years

HYDB
IHY

Risk facts

VolatilityStd dev, 3 years: HYDB 4.9%, betterIHY 6.1%
Return per unit of riskSharpe ratio, 3 years: HYDB 0.77, betterIHY 0.57
Worst fallMax drawdown, 5 years: HYDB −14.3%, betterIHY −24.2%
Market sensitivityBeta, 5 years: HYDB 0.65IHY 0.77; Market = 1

Popular comparisons

HYDBAvsSYFIA
iShares High Yield Systematic Bond ETF · AB Short Duration High Yield ETF
Expense ratio
0.35% · 0.40%
Category
IHYBvsSYFIA
VanEck International High Yield Bond ETF · AB Short Duration High Yield ETF
Expense ratio
0.40% · 0.40%
Category
HYDBAvsGHYGB
iShares High Yield Systematic Bond ETF · iShares US & Intl High Yield Corp Bond ETF
Expense ratio
0.35% · 0.40%
Category
IHYBvsGHYGB
VanEck International High Yield Bond ETF · iShares US & Intl High Yield Corp Bond ETF
Expense ratio
0.40% · 0.40%
Category
HYDBAvsHYEMB
iShares High Yield Systematic Bond ETF · VanEck Emerging Markets High Yield Bond ETF
Expense ratio
0.35% · 0.40%
Category
IHYBvsHYEMB
VanEck International High Yield Bond ETF · VanEck Emerging Markets High Yield Bond ETF
Expense ratio
0.40% · 0.40%
Category