FALN vs HYG: Holdings Overlap
FALNiShares Fallen Angels USD Bond ETF
iShares · 161 holdings · $1.6B · as of 2026-04-30
HYGiShares iBoxx $ High Yield Corporate Bond ETF
iShares · 1322 holdings · $17.4B · as of 2026-05-31
Holdings snapshots are 31 days apart (FALN: 2026-04-30, HYG: 2026-05-31). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are FALN and HYG?
iShares Fallen Angels USD Bond ETF (FALN, by iShares) holds 161 positions; iShares iBoxx $ High Yield Corporate Bond ETF (HYG, by iShares) holds 1322. They have 50 holdings in common, and by portfolio weight the two funds are 2.9% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 2.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 50FALN holds 161 · HYG holds 1322
- Weight in Shared Holdings
- FALN 40%·HYG 3%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in FALN
111 of 161 positions (57.3% of the fund) are not held by HYG. Showing the top 30 by weight.
- Resorts World Las Vegas LLC / RWLV Capital Inc1.84%
- Fluor Corp1.25%
- Transocean International Ltd1.22%
- Horizon Mutual Holdings Inc1.18%
- Newell Brands Inc1.18%
- Bombardier Inc1.18%
Only in HYG
1272 of 1322 positions (94.5% of the fund) are not held by FALN. Showing the top 30 by weight.
- 1261229 BC Ltd0.54%
- EchoStar Corp0.44%
- Cloud Software Group Inc0.34%
- Quikrete Holdings Inc0.33%
- Cloud Software Group Inc0.33%
- DISH Network Corp0.32%
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| FALN | -0.0% | +2.7% | +6.6% | +8.8% | +3.6% | +6.1% | 6.52% |
| HYG | +0.3% | +2.2% | +5.2% | +8.3% | +3.8% | +4.7% | 5.89% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in FALN vs HYG →
Shared Holdings(50)
The top 10 shared positions account for 41% of the overlap, led by Nissan Motor Co Ltd, Nissan Motor Co Ltd and Vodafone Group PLC.
| Nissan Motor Co Ltd | 1.05% | 0.22% | 0.22% |
|---|---|---|---|
| Nissan Motor Co Ltd | 1.00% | 0.21% | 0.21% |
| Vodafone Group PLC | 2.99% | 0.17% | 0.17% |
| Paramount Global | 0.37% | 0.09% | 0.09% |
| Celanese US Holdings LLC | 0.61% | 0.09% | 0.09% |
| Celanese US Holdings LLC | 0.60% | 0.09% | 0.09% |
| Celanese US Holdings LLC | 0.61% | 0.09% | 0.09% |
| GFL Environmental Inc | 2.15% | 0.08% | 0.08% |
| Paramount Global | 0.27% | 0.07% | 0.07% |
| PacifiCorp | 1.78% | 0.07% | 0.07% |
| Huntsman International LLC | 1.48% | 0.07% | 0.07% |
| FS KKR Capital Corp | 0.65% | 0.07% | 0.07% |
| Celanese US Holdings LLC | 0.48% | 0.06% | 0.06% |
| Nissan Motor Acceptance Co LLC | 0.32% | 0.06% | 0.06% |
| Methanex Corp | 1.44% | 0.06% | 0.06% |
| Perrigo Finance Unlimited Co | 1.47% | 0.06% | 0.06% |
| Celanese US Holdings LLC | 0.45% | 0.06% | 0.06% |
| VF Corp | 1.21% | 0.06% | 0.06% |
| Whirlpool Corp | 0.78% | 0.05% | 0.05% |
| FS KKR Capital Corp | 0.56% | 0.05% | 0.05% |
| Nissan Motor Acceptance Co LLC | 0.26% | 0.05% | 0.05% |
| FS KKR Capital Corp | 0.44% | 0.05% | 0.05% |
| United Rentals North America Inc | 1.54% | 0.05% | 0.05% |
| Rockies Express Pipeline LLC | 0.99% | 0.05% | 0.05% |
| Nordstrom Inc | 0.79% | 0.04% | 0.04% |
Frequently Asked Questions
How much do FALN and HYG overlap?
FALN and HYG overlap by 2.9% of portfolio weight. They share 50 holdings (FALN holds 161 positions and HYG holds 1322), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FALN and HYG?
The two portfolios are 2.9% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of FALN and HYG?
The largest positions held by both funds are Nissan Motor Co Ltd, Nissan Motor Co Ltd, Vodafone Group PLC, Paramount Global and Celanese US Holdings LLC. Together the top 10 shared positions account for 41% of the total overlap.
What does FALN own that HYG doesn't?
111 positions (57.3% of FALN) are unique to FALN, led by Resorts World Las Vegas LLC / RWLV Capital Inc, Fluor Corp and Transocean International Ltd. In the other direction, 1272 positions (94.5% of HYG) are unique to HYG.