IHYF vs UNIY
Invesco High Yield Bond Factor ETF vs WisdomTree Voya Yield Enhanced USD Universal Bond Fund
Which is better, IHYF or UNIY?
IHYF has been ahead.
UNIY has a lower expense ratio. IHYF led over 1Y and the full window.
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 | IHYF | UNIY |
|---|---|---|
| Expense Ratio | 0.39% | 0.15%Best |
| AUM | $134M | $1.3B |
| Dividend Yield | 6.50% | 5.06% |
| Holdings | 432 | 6,627 |
| Volatility (annualized) | 4.9%Best | 5.4% |
| Max Drawdown | -5.3%Best | -6.3% |
| $10,000 over 3 years | $12,639Best | $11,497 |
| Fund Family | Invesco (US) | WisdomTree Investments |
| Category | Fixed Income | Fixed Income |
| Style | High Yield Bond | High Yield Bond |
| Inception | Nov 30, 2020 | Feb 7, 2023 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 236 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. IHYF has data through Feb 20, 2026 and UNIY through Oct 14, 2026.
Volatility and max drawdown, and the $10,000 over 3 years row, are measured over the window both funds cover: Feb 7, 2023 to Feb 20, 2026 (3 years).
Risk: Volatility and Drawdowns
UNIY has been the more volatile fund, with annualized monthly volatility of 5.4% compared with 4.9% for IHYF. 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 -5.3% for IHYF and -6.3% for UNIY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IHYF charges 0.39% per year while UNIY charges 0.15%. On a $10,000 position that is $39 vs $15 annually, a gap of $24 per year that compounds over a long holding period. On income, IHYF currently yields 6.50% against 5.06% for UNIY.
Holdings Overlap
At least 36.7% of IHYF's money is in holdings UNIY also owns.
Stated as a floor: for UNIY, our book for it covers 64.9% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
The two portfolios partly overlap.
The two holdings books were reported 367 days apart, IHYF as of Sep 30, 2025 and UNIY as of Oct 2, 2026, so some of the difference between them is the time between the two reports rather than the funds.
159 positions in common, counted across the 396 positions we hold weights for in IHYF and 5,275 in UNIY, against full books of 432 and 6,627.
Top Shared Holdings
| Stock | Weight in IHYF | Weight in UNIY | Difference |
|---|---|---|---|
| SXC 4.875 06/30/29 1Suncoke Energy Inc 144A 4.88% Jun 30, 2029 | 0.68% | 0.00% | 0.68% |
| PRAA 8.875 01/31/30 | 0.61% | 0.00% | 0.61% |
| ENS 4.375 12/15/27 1Enersys 4.375% 12/15/2027 | 0.57% | 0.00% | 0.57% |
| PSEC 3.437 10/15/28Prospect Capital Corp Regd 3.43700000 | 0.55% | 0.00% | 0.55% |
| AAWW 8.5 02/15/30 14Rand Parent Llc 144A 8.500000% 02/15/2030 | 0.53% | 0.00% | 0.53% |
| CRGYFN 8.375 01/15/3Crescent Energy Finance 8.38% 15Jan2034 | 0.50% | 0.00% | 0.50% |
| CIVI 8.75 07/01/31 1Civitas Resources Inc 144A 8.75% Jul 1, 2031 | 0.49% | 0.01% | 0.48% |
| TALO 9.375 02/01/31 | 0.49% | 0.00% | 0.49% |
| TGNA 7.25 09/15/27Belo Corp | 0.48% | 0.00% | 0.48% |
| PRSESE 3.375 08/31/2Corp. Note | 0.47% | 0.01% | 0.46% |
36.7% of IHYF is already inside UNIY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IHYF or UNIY?
IHYF has an expense ratio of 0.39% while UNIY charges 0.15%. UNIY is the cheaper option, by $24 a year on a $10,000 investment.
Which is riskier, IHYF or UNIY?
UNIY has been the more volatile fund at 5.4% annualized versus 4.9% for IHYF. Worst drawdown: IHYF -5.3% vs UNIY -6.3%.
Should I hold both IHYF and UNIY?
IHYF and UNIY have a monthly-return correlation of 0.78, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between IHYF and UNIY?
At least 36.7% of IHYF's money is in holdings UNIY also owns. Our book for UNIY is partial, so the real figure is this or higher. They hold 159 positions in common, counted across the 396 positions we hold weights for in IHYF and 5,275 in UNIY.
Which pays a higher dividend, IHYF or UNIY?
IHYF yields 6.50% while UNIY yields 5.06%, so IHYF currently pays the higher dividend yield.
Is UNIY better than IHYF?
UNIY has a lower expense ratio. IHYF led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.