BRHY vs HYDB
iShares High Yield Active ETF vs iShares High Yield Systematic Bond ETF
Which is better, BRHY or HYDB?
BRHY has been ahead.
HYDB has a lower expense ratio. BRHY led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.94.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BRHY | HYDB |
|---|---|---|
| Expense Ratio | 0.45% | 0.35%Best |
| AUM | $133M | $1.6B |
| Dividend Yield | 7.77% | 7.16% |
| Holdings | 910 | 252 |
| YTD Return | -0.06%Best | -5.91% |
| 1Y Return | +2.26%Best | -4.61% |
| 3Y Return (annualized) | - | +6.25% |
| 5Y Return (annualized) | - | +2.70% |
| Volatility (annualized) | 4.0%Best | 4.6% |
| Max Drawdown | -4.4%Best | -6.5% |
| $10,000 over 2.3 years | $11,661Best | $10,644 |
| Fund Family | BlackRock, Inc. (US) | iShares by BlackRock (US) |
| Category | Fixed Income | Fixed Income |
| Style | High Yield Bond | High Yield Bond |
| Inception | Jun 17, 2024 | Jul 11, 2017 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.3 years row, are measured over the window both funds cover: Jun 18, 2024 to Oct 14, 2026 (2.3 years).
BRHY vs HYDB growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.3 years both funds cover.
BRHY vs HYDB Performance
iShares High Yield Active ETF (BRHY) is an ETF from BlackRock, Inc. (US) and iShares High Yield Systematic Bond ETF (HYDB) is an ETF from iShares by BlackRock (US). Over the past year BRHY returned +2.26% while HYDB returned -4.61%. Year to date, BRHY is down 0.06% versus a loss of 5.91% for HYDB.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HYDB has been the more volatile fund, with annualized monthly volatility of 4.6% compared with 4.0% for BRHY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -4.4% for BRHY and -6.5% for HYDB. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
BRHY charges 0.45% per year while HYDB charges 0.35%. On a $10,000 position that is $45 vs $35 annually, a gap of $10 per year that compounds over a long holding period. On income, BRHY currently yields 7.77% against 7.16% for HYDB.
Holdings Overlap
We hold position weights for 512 holdings in BRHY and 183 in HYDB, totalling 61.1% and 73.3% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 61 positions appear in both.
61 positions in common, counted across the 512 positions we hold weights for in BRHY and 183 in HYDB, against full books of 910 and 252.
Top Shared Holdings
| Stock | Weight in BRHY | Weight in HYDB | Difference |
|---|---|---|---|
| XTSLABlackrock Cash Funds: Treasury, Sl Agency Shares | 3.15% | 0.13% | 3.02% |
| WIN 8.25 10/01/31 14Windstream Escrow Llc / Windstream Escrow Finance Corp 8.25% 2031-10-01 | 0.49% | 0.71% | 0.22% |
| SURCEN 7.25 04/15/32Surgery Center Holdings Inc 144A 7.250000% 04/15/2032 | 0.43% | 0.75% | 0.32% |
| BECN 6.75 04/30/32 1Queen Mergerco Inc 144A 6.75% Apr 30, 2032 | 0.31% | 0.74% | 0.43% |
| MPW 8.5 02/15/32 144Mpt Oper Partner 8.5% 02/15/32 | 0.39% | 0.64% | 0.25% |
| FOUR 6.75 08/15/32 1Shift4 Payments Llc C% 2032-08-15 | 0.25% | 0.62% | 0.37% |
| CRWV 9.25 06/01/30 1Coreweave Inc 9.25% 06/01/30 | 0.13% | 0.72% | 0.59% |
| JBLU 9.875 09/20/31 | 0.09% | 0.68% | 0.59% |
| VEGLPL 7.75 05/01/35Venture Global Plaquemines Lng Lln 144A 7.75% May 01, 2035 | 0.03% | 0.74% | 0.71% |
| NEFINA 8 04/15/30 14Noble Finance Ii Llc 8.000% 04/15/2030 | 0.01% | 0.75% | 0.74% |
You are not choosing between two funds in isolation.
Whichever of BRHY and HYDB you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BRHY or HYDB?
BRHY has an expense ratio of 0.45% while HYDB charges 0.35%. HYDB is the cheaper option, by $10 a year on a $10,000 investment.
Which performed better, BRHY or HYDB?
Over the past year BRHY returned +2.26% vs -4.61% for HYDB, so BRHY leads on 1-year performance. Over the longest common window we track (2 years), BRHY annualized +6.91% vs +2.75% for HYDB. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BRHY or HYDB?
HYDB has been the more volatile fund at 4.6% annualized versus 4.0% for BRHY. Worst drawdown: BRHY -4.4% vs HYDB -6.5%.
Should I hold both BRHY and HYDB?
BRHY and HYDB have a monthly-return correlation of 0.94, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, BRHY or HYDB?
BRHY yields 7.77% while HYDB yields 7.16%, so BRHY currently pays the higher dividend yield.
Is HYDB better than BRHY?
HYDB has a lower expense ratio. BRHY led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.94. Which one suits a particular account depends on what it is for. This is information, not a recommendation.