FALN vs USHY: Holdings Overlap
FALNiShares Fallen Angels USD Bond ETF
iShares · 161 holdings · $1.6B · as of 2026-04-30
USHYiShares Broad USD High Yield Corporate Bond ETF
iShares · 1896 holdings · $28.6B · as of 2026-04-30
How similar are FALN and USHY?
iShares Fallen Angels USD Bond ETF (FALN, by iShares) holds 161 positions; iShares Broad USD High Yield Corporate Bond ETF (USHY, by iShares) holds 1896. They have 124 holdings in common, and by portfolio weight the two funds are 4.2% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 4.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 124FALN holds 161 · USHY holds 1896
- Weight in Shared Holdings
- FALN 84%·USHY 4%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
37 of 161 positions (13.3% of the fund) are not held by USHY. Showing the top 30 by weight.
- Resorts World Las Vegas LLC / RWLV Capital Inc1.84%
- Horizon Mutual Holdings Inc1.18%
- Wilton RE Ltd0.81%
- Constellation Insurance Inc0.68%
- Genworth Holdings Inc0.52%
- Global Marine Inc0.52%
Only in USHY
1772 of 1896 positions (92.9% of the fund) are not held by FALN. Showing the top 30 by weight.
- 1261229 BC Ltd0.47%
- EchoStar Corp0.41%
- Quikrete Holdings Inc0.28%
- SV RNO Property Owner 1 LLC0.27%
- Cloud Software Group Inc0.26%
- WULF Compute LLC0.25%
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% |
| USHY | +0.3% | +2.5% | +5.7% | +8.7% | +4.2% | — | 6.91% |
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 USHY →
Shared Holdings(124)
The top 10 shared positions account for 24% of the overlap, led by Nissan Motor Co Ltd, Nissan Motor Co Ltd and Vodafone Group PLC.
| Nissan Motor Co Ltd | 1.05% | 0.16% | 0.16% |
|---|---|---|---|
| Nissan Motor Co Ltd | 1.00% | 0.15% | 0.15% |
| Vodafone Group PLC | 2.99% | 0.15% | 0.15% |
| Paramount Global | 0.37% | 0.08% | 0.08% |
| Paramount Global | 0.30% | 0.08% | 0.08% |
| Celanese US Holdings LLC | 0.60% | 0.08% | 0.08% |
| Celanese US Holdings LLC | 0.61% | 0.07% | 0.07% |
| Celanese US Holdings LLC | 0.61% | 0.07% | 0.07% |
| GFL Environmental Inc | 2.15% | 0.07% | 0.07% |
| Paramount Global | 0.27% | 0.07% | 0.07% |
| Paramount Global | 0.28% | 0.07% | 0.07% |
| Paramount Global | 0.29% | 0.06% | 0.06% |
| Celanese US Holdings LLC | 0.48% | 0.06% | 0.06% |
| Paramount Global | 0.27% | 0.06% | 0.06% |
| Celanese US Holdings LLC | 0.45% | 0.06% | 0.06% |
| Huntsman International LLC | 1.48% | 0.05% | 0.05% |
| Nissan Motor Acceptance Co LLC | 0.32% | 0.05% | 0.05% |
| PacifiCorp | 1.78% | 0.05% | 0.05% |
| Methanex Corp | 1.44% | 0.05% | 0.05% |
| Perrigo Finance Unlimited Co | 1.47% | 0.05% | 0.05% |
| Whirlpool Corp | 0.78% | 0.05% | 0.05% |
| Nordstrom Inc | 1.10% | 0.05% | 0.05% |
| United Rentals North America Inc | 1.54% | 0.05% | 0.05% |
| FS KKR Capital Corp | 0.65% | 0.05% | 0.05% |
| FS KKR Capital Corp | 0.56% | 0.04% | 0.04% |
Frequently Asked Questions
How much do FALN and USHY overlap?
FALN and USHY overlap by 4.2% of portfolio weight. They share 124 holdings (FALN holds 161 positions and USHY holds 1896), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FALN and USHY?
The two portfolios are 4.2% 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 USHY?
The largest positions held by both funds are Nissan Motor Co Ltd, Nissan Motor Co Ltd, Vodafone Group PLC, Paramount Global and Paramount Global. Together the top 10 shared positions account for 24% of the total overlap.
What does FALN own that USHY doesn't?
37 positions (13.3% of FALN) are unique to FALN, led by Resorts World Las Vegas LLC / RWLV Capital Inc, Horizon Mutual Holdings Inc and Wilton RE Ltd. In the other direction, 1772 positions (92.9% of USHY) are unique to USHY.