BRHY vs HYG
iShares High Yield Active ETF vs iShares iBoxx $ High Yield Corporate Bond ETF
Which is better, BRHY or HYG?
Nearly the same fund. BRHY costs less.
BRHY has a lower expense ratio. BRHY led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.97.
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 | HYG |
|---|---|---|
| Expense Ratio | 0.45%Best | 0.49% |
| AUM | $133M | $17.6B |
| Dividend Yield | 7.77% | 6.14% |
| Holdings | 910 | 2,656 |
| YTD Return | -0.06%Best | -0.47% |
| 1Y Return | +2.26%Best | +1.14% |
| 3Y Return (annualized) | - | +8.05% |
| 5Y Return (annualized) | - | +3.12% |
| Volatility (annualized) | 4.0% | 3.9%Best |
| Max Drawdown | -4.4%Best | -4.6% |
| $10,000 over 2.3 years | $11,661Best | $11,372 |
| 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 | Apr 4, 2007 |
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 HYG 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 HYG Performance
iShares High Yield Active ETF (BRHY) is an ETF from BlackRock, Inc. (US) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG) is an ETF from iShares by BlackRock (US). Over the past year BRHY returned +2.26% while HYG returned +1.14%. Year to date, BRHY is down 0.06% versus a loss of 0.47% for HYG.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BRHY has been the more volatile fund, with annualized monthly volatility of 4.0% compared with 3.9% for HYG. 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 -4.6% for HYG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.97. 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 HYG charges 0.49%. On a $10,000 position that is $45 vs $49 annually, a gap of $4 per year that compounds over a long holding period. On income, BRHY currently yields 7.77% against 6.14% for HYG.
Holdings Overlap
We hold position weights for 512 holdings in BRHY and 976 in HYG, totalling 61.1% and 71.2% 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, 342 positions appear in both.
342 positions in common, counted across the 512 positions we hold weights for in BRHY and 976 in HYG, against full books of 910 and 2,656.
Top Shared Holdings
| Stock | Weight in BRHY | Weight in HYG | Difference |
|---|---|---|---|
| XTSLABlackrock Cash Funds: Treasury, Sl Agency Shares | 3.15% | 1.13% | 2.02% |
| BHCCN 10 04/15/32 141261229 Bc Ltd 144A 10% Apr 15, 2032 | 1.02% | 0.59% | 0.43% |
| HBGCN 7.375 01/31/32Hub International Ltd Corp. Note | 0.89% | 0.16% | 0.73% |
| LVLT 6.875 06/30/33 | 0.81% | 0.16% | 0.65% |
| UNSEAM 7.875 02/15/3Allied Universal Holdco Llc 7.875% 02/15/2031 144A 0.07875 2031-02-15 | 0.76% | 0.19% | 0.57% |
| TDG 6.375 05/31/33 1Transdigm Inc 6.375% 05/31/33 | 0.73% | 0.22% | 0.51% |
| SATS 10.75 11/30/29 | 0.51% | 0.40% | 0.11% |
| HBGCN 7.25 06/15/30 | 0.60% | 0.30% | 0.30% |
| TIBX 9 09/30/29 144ACloud Software Group Inc 9% 30Sep2029 | 0.55% | 0.32% | 0.23% |
| CYH 9.75 01/15/34 14Chs/Community Health Sys Sr Secured 144A 01/34 9.75 9.75 08/12/2025 9.75 2025-08-12 | 0.61% | 0.14% | 0.47% |
You are not choosing between two funds in isolation.
Whichever of BRHY and HYG 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 HYG?
BRHY has an expense ratio of 0.45% while HYG charges 0.49%. BRHY is the cheaper option, by $4 a year on a $10,000 investment.
Which performed better, BRHY or HYG?
Over the past year BRHY returned +2.26% vs +1.14% for HYG, so BRHY leads on 1-year performance. Over the longest common window we track (2 years), BRHY annualized +6.91% vs +5.75% for HYG. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BRHY or HYG?
BRHY has been the more volatile fund at 4.0% annualized versus 3.9% for HYG. Worst drawdown: BRHY -4.4% vs HYG -4.6%.
Should I hold both BRHY and HYG?
BRHY and HYG have a monthly-return correlation of 0.97, 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 HYG?
BRHY yields 7.77% while HYG yields 6.14%, so BRHY currently pays the higher dividend yield.
Is HYG better than BRHY?
BRHY has a lower expense ratio. BRHY led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.97. Which one suits a particular account depends on what it is for. This is information, not a recommendation.