SCYB vs VCHY: Grades, Fees and Holdings Compared

Schwab High Yield Bond ETF

SCYBANYSE Arca

Vanguard U.S. High-Yield Corporate Bond Index ETF

VCHYACboe

Overlap

0.0%by weight

Expense ratio

SCYB −0.02pt a year

SCYB0.03%VCHY0.05%

Avg volume · 30D

SCYB 33.6×the volume

SCYB1.1MVCHY32.9K

SCYB vs VCHY Performance

Jul 31, 2026 – Oct 30, 2026

−1.3%SCYB−1.1%VCHY

Expense ratio: SCYB 0.03%, better; VCHY 0.05%
Fund size: SCYB $2.8B; VCHY $102M
1Y total return: SCYB +2.0%; VCHY No data
Yield (12M): SCYB 7.14%; VCHY No data
Holdings: SCYB 1844; VCHY 1837
Avg volume (30D): SCYB 1.1M sh, better; VCHY 32.9K sh
NAV per share: SCYB $25.22; VCHY $72.63
52W range

ETF.net Grade

Pillar letters and Scores for SCYB, VCHY, with each pillar’s weight
Pillar	SCYB	VCHY
Cost30% weight	A100Higher	A98
Mission25% weight	A100	Not scored
Risk15% weight	B59Higher	C46
Tradability15% weight	A88Higher	C44
Holdings10% weight	A99Higher	A97
Durability5% weight	B68Higher	D38

Rank among US High Yield funds

How we build Categories ›

Same Category. SCYB and VCHY 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 VCHY 16th 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 16AHYGVNorthern Trust High Yield Value-Scored Bond ETFScore 72
Rank 16AVCHYVanguard U.S. High-Yield Corporate Bond Index ETFScore 72
Rank 19AHYDWXtrackers Low Beta High Yield Bond ETFScore 71

Our read on each fund

ETF.net Research

SCYBASchwab High Yield Bond ETF

VCHYAVanguard U.S. High-Yield Corporate Bond Index ETF

In short

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.

VCHY No data

Stated mandate

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.

VCHY No data

Why people hold it

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.

VCHY No data

Worth knowing

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.

VCHY No data

Full SCYB profile⁠

Full VCHY profile⁠

SCYB vs VCHY Holdings

How SCYB and VCHY differ

Overlap by weight

0.0%

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

Level by level

Asset classEquity, Fixed Income0.0%
Holdings0 in both0.0%
Countryby domicile96.3%

Sector

No Sector split for VCHY.

Country, concentration and asset class

Country by domicile

Country weights in SCYB and VCHY, widest gap first
Country	More in SCYBMore in VCHY	SCYB	VCHY
United States	VCHY +1.9 points	85.9%	87.8%
Bermuda	SCYB +1.1 points	1.1%	0.0%
Canada	SCYB +0.6 points	4.1%	3.5%
Cayman Islands	SCYB +0.5 points	1.2%	0.7%
Luxembourg	SCYB +0.5 points	1.1%	0.6%
United Kingdom	VCHY +0.5 points	1.7%	2.2%
Other countries (16)	VCHY +0.5 points	4.8%	5.3%

Concentration

Weight in the 10 largest Holdings

SCYB3.7%
VCHY3.8%

Securities held

SCYB1,843
VCHY1,827

Asset class

SCYB: Equity
VCHY: Fixed Income

Holdings

Only in SCYB1,843
In both0
Only in VCHY1,827

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%

Only in VCHY

1,827 securities, 99.1% of VCHY by weight

1261229 BC Ltd 10.00% 04/15/20320.42%
Meridian Arc Holdco LLC 6.25% 04/30/20310.37%
EchoStar Corp 10.75% 11/30/20290.35%
SoftBank Group Corp 9.25% 04/01/20320.34%
Centene Corp 4.63% 12/15/20290.32%
SoftBank Group Corp 9.75% 04/01/20340.30%
PR RNO Property Owner 1 LLC 6.50% 05/01/20310.29%
Cloud Software Group LLC 9.00% 09/30/20290.28%
Quikrete Holdings Inc 6.38% 03/01/20320.27%
Cloud Software Group LLC 6.50% 03/31/20290.25%
HUB International Ltd 7.25% 06/15/20300.24%
SV RNO Property Owner 1 LLC 5.88% 03/01/20310.24%
Galaxy Helios Data Centers II LLC 9.88% 08/01/20310.23%
TransDigm Inc 6.38% 03/01/20290.23%
WULF Compute LLC 7.75% 10/15/20300.23%
OAK-Eagle Acquireco Inc 7.25% 07/01/20330.22%
Core Scientific Finance I LLC 7.75% 05/15/20310.22%
CCO Holdings LLC / CCO Holdings Capital Corp 4.75% 03/01/20300.22%
Asurion LLC/ Asurion Co-Issuer Inc 8.00% 12/31/20320.21%
CRC Insurance Group LLC 7.13% 06/01/20310.21%
Live Nation Entertainment Inc 4.75% 10/15/20270.21%
TransDigm Inc 6.63% 03/01/20320.21%
Venture Global Plaquemines LNG LLC 6.75% 01/15/20360.21%
CCO Holdings LLC / CCO Holdings Capital Corp 6.38% 09/01/20290.20%
Directv Financing LLC 8.88% 02/01/20300.20%
CCO Holdings LLC / CCO Holdings Capital Corp 5.38% 06/01/20290.20%
Discovery Global Holdings Inc 5.05% 03/15/20420.20%
Rocket Cos Inc 6.38% 08/01/20330.20%
CCO Holdings LLC / CCO Holdings Capital Corp 4.50% 08/15/20300.19%
Allied Universal Holdco LLC/Allied Universal Finance Corp/Atlas Luxco 4 Sarl 4.63% 06/01/20280.19%
Alumina Pty Ltd 6.63% 09/30/20340.19%
TransDigm Inc 6.75% 01/31/20350.18%
1011778 BC ULC / New Red Finance Inc 4.00% 10/15/20300.18%
Mauser Packaging Solutions Holding Co 7.88% 04/15/20300.18%
Venture Global LNG Inc 9.50% 02/01/20290.18%
Nexstar Media Inc 6.50% 09/15/20330.18%
Asurion LLC/ Asurion Co-Issuer Inc 8.38% 02/01/20340.18%
Tenet Healthcare Corp 4.25% 06/01/20290.18%
American Airlines Inc/AAdvantage Loyalty IP Ltd 5.75% 04/20/20290.18%
OAK-Eagle Acquireco Inc 8.75% 07/01/20340.18%
Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC 3.50% 03/15/20290.17%
IQVIA Inc 6.25% 06/01/20320.17%
EMRLD Borrower LP / Emerald Co-Issuer Inc 6.63% 12/15/20300.17%
APLD ComputeCo LLC 9.25% 12/15/20300.17%
Hilton Domestic Operating Co Inc 3.63% 02/15/20320.17%
Venture Global LNG Inc 9.88% 02/01/20320.17%
TransDigm Inc 6.38% 05/31/20330.17%
Beach Acquisition Bidco LLC 10.00% 07/15/20330.17%
Medline Borrower LP 5.25% 10/01/20290.17%
UKG Inc 6.88% 02/01/20310.17%

Weight gaps

SCYB and VCHY share no securities.

All 1,844 SCYB holdings⁠All VCHY 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.

SCYB vs VCHY Cost

Overpaying VCHY vs SCYB

$422

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

SCYB 0.03%
$638
VCHY 0.05%
$1,060

Amount$10,000

Years30 years

Cost over time

SCYB 0.03%
VCHY 0.05%
Overpaying

Year by year

Year	SCYB	VCHY	Overpaying
10	$55	$92	$37
20	$216	$360	$144
30	$638	$1,060	$422

Expense ratio

0.03%SCYB, cheaper
0.05%VCHY

SCYB0.03%VCHY0.05%

0.03%1.24%

Middle half of US High Yield funds
Median 0.42%

SCYB cheapest of 84 funds

VCHY 2nd cheapest of 84 funds

SCYB vs VCHY Dividends

Last 12 months to Oct 30, 2026

Yield (12M): SCYB 7.14%; VCHY No data
Payout (12M): SCYB $1.80; VCHY No data
Last payment: SCYB $0.16; VCHY $0.41
Ex-dividend: SCYB Oct 1, 2026; VCHY Oct 1, 2026
Paid on: SCYB Oct 7, 2026; VCHY Oct 5, 2026
Frequency: SCYB Monthly; VCHY Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

SCYBMonthly · 38 paymentsAll SCYB payments⁠

VCHYMonthly · 4 paymentsAll VCHY payments⁠

SCYB vs VCHY Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: SCYB 4.6%VCHY No data
Return per unit of riskSharpe ratio, 3 years: SCYB 0.82VCHY No data
Worst fallMax drawdown, 5 years: SCYB −4.9%since Jul 2023VCHY No data
Market sensitivityBeta, 5 years: SCYB 0.28VCHY 0.84; Market = 1

SCYB and VCHY 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, 2026SCYBVCHY

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SCYB vs VCHY

In short

Stated mandate

Why people hold it

Worth knowing

How SCYB and VCHY differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in SCYB

Only in VCHY

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 SCYB and VCHY differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in SCYB

Only in VCHY

Weight gaps