PCHI vs SCYB: Grades, Fees and Holdings Compared

Polen High Income ETF

PCHIFNYSE Arca

Schwab High Yield Bond ETF

SCYBANYSE Arca

Overlap

0.0%by weight

Expense ratio

SCYB −0.50pt a year

PCHI0.53%SCYB0.03%

Avg volume · 30D

SCYB 90.1×the volume

PCHI12.7KSCYB1.14M

PCHI vs SCYB Performance

Nov 7, 2025 – Nov 9, 2026

+0.7%PCHI+2.6%SCYB

Expense ratio: PCHI 0.53%; SCYB 0.03%, better
Fund size: PCHI $6M; SCYB $2.73B
1Y total return: PCHI +0.7%; SCYB +2.6%, better
Yield (12M): PCHI 9.28%, better; SCYB 7.16%
Holdings: PCHI 4; SCYB 1838
Avg volume (30D): PCHI 12.7K sh; SCYB 1.14M sh, better
NAV per share: PCHI $23.03; SCYB $25.18
52W range

ETF.net Grade

Pillar letters and Scores for PCHI, SCYB, with each pillar’s weight
Pillar	PCHI	SCYB
Cost30% weight	D26	A100Higher
Mission25% weight	F0	A100Higher
Risk15% weight	D25	B60Higher
Tradability15% weight	D25	A79Higher
Holdings10% weight	F20	A99Higher
Durability5% weight	D25	B68Higher

Rank among US High Yield funds

How we build Categories ›

Same Category. PCHI 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 PCHI 79th of 84 funds in the US High Yield Category.

Rank 1AHYLBXtrackers USD High Yield Corporate Bond ETFScore 89
Rank 1ASCYBSchwab High Yield Bond ETFScore 89
Rank 3ASPHYState Street SPDR Portfolio High Yield Bond ETFScore 88
Rank 78DDYLDLeaderShares Dynamic Yield ETFScore 27
Rank 79FPCHIPolen High Income ETFScore 18
Rank 80FJOJOATAC Credit Rotation ETFScore 16

Our read on each fund

ETF.net Research

PCHIFPolen High Income ETF

SCYBASchwab High Yield Bond ETF

In short

PCHI No data

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

PCHI No data

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

PCHI No data

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

PCHI No data

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 PCHI profile⁠

Full SCYB profile⁠

PCHI vs SCYB Holdings

How PCHI and SCYB differ

Overlap by weight

0.0%

Level by level

Asset classBonds, Stocks0.0%
Holdings0 in both0.0%
Countryby domicile86.0%
Sector2 Sectors99.98%

Sector

Sector weights in PCHI and SCYB, widest gap first
Sector	More in PCHIMore in SCYB	Gap	PCHI	SCYB
Corporate		Same weight	100.0%	100.0%
Securitized		Same weight	0.0%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in PCHI and SCYB, widest gap first
Country	Gap	PCHI	SCYB
United States	PCHI +14.0 points	100.0%	86.0%
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%
Bermuda	SCYB +1.1 points	0.0%	1.1%
France	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

PCHI100.0%
SCYB3.1%

Securities held

PCHI4
SCYB1,838

Asset class

PCHI: Bonds
SCYB: Stocks

Holdings

Only in PCHI4
In both0
Only in SCYB1,838

Only in PCHI

4 securities, 100% of PCHI by weight

Baffinland Iron M 8.75 15JUL2 Dflt89.09%
Scientific Games 6.625 01MAR30 144A6.50%
Realtruck Group I 6.25 31JUL31 144A2.92%
CoreWeave GPU 11/06/31 Term Loan1.50%

Only in SCYB

1,838 securities, 100% of SCYB by weight

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)0.30%
Softbank Group Corp 9.75% 04/01/2034 (BBG025B5VM54)0.30%
Picard Midco Inc 6.50% 03/31/2029 (BBG019LX2T70)0.28%
Paramount Skydance Corp 8.88% 10/15/2034 (BBG025HXHQ09)0.28%
Pr Rno Property Owner 1 Llc 6.50% 05/01/2031 (BBG021YPZPP1)0.27%
Quikrete Holdings Inc 6.38% 03/01/2032 (BBG01S19FXV3)0.27%
Cloud Software Group Inc 9.00% 09/30/2029 (BBG01G4F7QQ2)0.25%
Echostar Corp 10.75% 11/30/2029 (BBG01QRKXMB0)0.24%
Nexstar Media Inc 6.50% 09/15/2033 (BBG02154SVJ2)0.24%
Galaxy Digital Holdings Ltd 9.88% 08/01/2031 (BBG023X2YYQ0)0.23%
Venture Global Lng Inc 9.50% 02/01/2029 (BBG01JRWR409)0.22%
Centene Corporation 4.63% 12/15/2029 (BBG00T5K2GV4)0.22%
Sv Rno Property Owner 1 Llc 5.88% 03/01/2031 (BBG0208VTN17)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)0.21%
Core Scientific Finance I Llc 7.75% 05/15/2031 (BBG021TW11L6)0.20%
Skydance Corp 5.05% 03/15/2042 (BBG025PYMZH4)0.19%
Panther Escrow Issuer Llc 7.13% 06/01/2031 (BBG01M46NGP4)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)0.19%
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%
Cco Holdings Llc 4.75% 03/01/2030 (BBG00Q9KZKK3)0.18%
Neptune Bidco Us Inc 9.29% 04/15/2029 (BBG01BCJPPT5)0.18%
Asurion Llc 8.38% 02/01/2034 (BBG01ZT0J7N8)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)0.17%
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%
Ukg Inc 6.88% 02/01/2031 (BBG01L81BM19)0.16%
Connect Finco Sarl 9.00% 09/15/2029 (BBG01PNMWYR0)0.16%
Venture Global Lng Inc 8.38% 06/01/2031 (BBG01GNYBL31)0.16%
Level 3 Financing Inc 7.00% 03/31/2034 (BBG01WHX5GT5)0.16%
Nrg Energy Inc 6.00% 01/15/2036 (BBG01XK0QB82)0.16%
Venture Global Lng Inc 9.88% 02/01/2032 (BBG01JRWR4F3)0.16%
Staples Inc 10.75% 09/01/2029 (BBG01MZLYJL3)0.16%

Weight gaps

PCHI and SCYB share no securities.

All PCHI holdings⁠All 1,838 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.

PCHI vs SCYB Cost

Overpaying PCHI vs SCYB

$9,898

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

PCHI 0.53%
$10,536
SCYB 0.03%
$638

Amount$10,000

Years30 years

Cost over time

PCHI 0.53%
SCYB 0.03%
Overpaying

Year by year

Year	PCHI	SCYB	Overpaying
10	$953	$55	$898
20	$3,658	$216	$3,442
30	$10,536	$638	$9,898

Expense ratio

0.53%PCHI
0.03%SCYB, cheaper

SCYB0.03%PCHI0.53%

0.03%1.24%

Middle half of US High Yield funds
Median 0.42%

SCYB cheapest of 84 funds

PCHI 63rd cheapest of 84 funds

PCHI vs SCYB Dividends

Last 12 months to Nov 9, 2026

Yield (12M): PCHI 9.28%, better; SCYB 7.16%
Payout (12M): PCHI $2.14; SCYB $1.81
Last payment: PCHI $0.46; SCYB $0.16
Ex-dividend: PCHI Oct 30, 2026; SCYB Nov 2, 2026
Paid on: PCHI Nov 2, 2026; SCYB Nov 6, 2026
Frequency: PCHI Monthly; SCYB Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

PCHIMonthly · 20 paymentsAll PCHI payments⁠

SCYBMonthly · 39 paymentsAll SCYB payments⁠

PCHI vs SCYB Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: PCHI 3.9%since Apr 2025SCYB 4.6%
Return per unit of riskSharpe ratio, 3 years: PCHI −0.23since Apr 2025SCYB 0.82
Worst fallMax drawdown, 5 years: PCHI −6.4%since Mar 2025SCYB −4.9%since Jul 2023
Market sensitivityBeta, 5 years: PCHI 0.16SCYB 0.28; Market = 1

PCHI 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

Popular comparisons

PCHIFvsHYLBA
Polen High Income ETF · Xtrackers USD High Yield Corporate Bond ETF
Expense ratio
0.53% · 0.05%
Category
SCYBAvsSPHYA
Schwab High Yield Bond ETF · State Street SPDR Portfolio High Yield Bond ETF
Expense ratio
0.03% · 0.05%
Category
PCHIFvsSPHYA
Polen High Income ETF · State Street SPDR Portfolio High Yield Bond ETF
Expense ratio
0.53% · 0.05%
Category
SCYBAvsUSHYA
Schwab High Yield Bond ETF · iShares Broad USD High Yield Corporate Bond ETF
Expense ratio
0.03% · 0.08%
Category
PCHIFvsUSHYA
Polen High Income ETF · iShares Broad USD High Yield Corporate Bond ETF
Expense ratio
0.53% · 0.08%
Category
SCYBAvsHYLBA
Schwab High Yield Bond ETF · Xtrackers USD High Yield Corporate Bond ETF
Expense ratio
0.03% · 0.05%
Category

PCHI vs SCYB

In short

Stated mandate

Why people hold it

Worth knowing

How PCHI and SCYB differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in PCHI

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 PCHI and SCYB differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in PCHI

Only in SCYB

Weight gaps