FTSL vs HYG: Holdings Overlap
FTSLFirst Trust Senior Loan Fund
First Trust · 282 holdings · $2.3B · 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 (FTSL: 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 FTSL and HYG?
First Trust Senior Loan Fund (FTSL, by First Trust) holds 282 positions; iShares iBoxx $ High Yield Corporate Bond ETF (HYG, by iShares) holds 1322. They have 37 holdings in common, and by portfolio weight the two funds are 4.5% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 4.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 37FTSL holds 282 · HYG holds 1322
- Weight in Shared Holdings
- FTSL 10%·HYG 5%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 FTSL
245 of 282 positions (85.9% of the fund) are not held by HYG. Showing the top 30 by weight.
- WHATABRANDS LLC 08/03/282.04%
- ATHENAHEALTH GR 02/14/291.80%
- IRB Holding Corp., Term Loan B1.59%
- WHITE CAP BUYER 10/19/291.30%
- TRANSDIGM INC T 03/22/301.24%
- TAMKO BUILDING 09/20/301.24%
Only in HYG
1285 of 1322 positions (92.6% of the fund) are not held by FTSL. Showing the top 30 by weight.
- 1261229 BC Ltd0.54%
- Quikrete Holdings Inc0.33%
- Cloud Software Group Inc0.33%
- SV RNO Property Owner 1 LLC0.30%
- Nexstar Media Inc0.30%
- HUB International Ltd0.29%
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| FTSL | +0.8% | +1.5% | +4.0% | +6.8% | +5.2% | +4.4% | 6.36% |
| 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 FTSL vs HYG →
Shared Holdings(37)
The top 10 shared positions account for 54% of the overlap, led by EchoStar Corp., Cloud Software Group, Inc. and DISH Network Corp..
| EchoStar Corp. | 0.40% | 0.44% | 0.40% |
|---|---|---|---|
| Cloud Software Group, Inc. | 0.41% | 0.34% | 0.34% |
| DISH Network Corp. | 0.48% | 0.32% | 0.32% |
| Panther Escrow Issuer LLC | 0.48% | 0.28% | 0.28% |
| 1011778 BC ULC / New Red Finance Inc. | 0.70% | 0.24% | 0.24% |
| Neptune Bidco US, Inc. | 0.25% | 0.22% | 0.22% |
| QXO Building Products, Inc. | 0.84% | 0.20% | 0.20% |
| Rocket Cos., Inc. | 0.29% | 0.17% | 0.17% |
| Talen Energy Supply LLC | 0.21% | 0.13% | 0.13% |
| TransDigm, Inc. | 0.13% | 0.14% | 0.13% |
| Tenet Healthcare Corp. | 0.20% | 0.13% | 0.13% |
| Jane Street Group / JSG Finance Inc. | 0.12% | 0.14% | 0.12% |
| Sinclair Television Group, Inc. | 0.29% | 0.12% | 0.12% |
| BELRON 5.75 10/15/29 144a | 0.17% | 0.10% | 0.10% |
| Rocket Cos., Inc. | 0.10% | 0.18% | 0.10% |
| PetSmart LLC / PetSmart Finance Corp | 0.10% | 0.17% | 0.10% |
| Osaic Holdings, Inc. | 0.11% | 0.10% | 0.10% |
| Performance Food Group, Inc. | 0.13% | 0.09% | 0.09% |
| Builders FirstSource, Inc. | 0.11% | 0.09% | 0.09% |
| Post Holdings, Inc. | 1.16% | 0.09% | 0.09% |
| Allied Universal Holdco LLC / Allied Universal Finance Corp. | 0.15% | 0.09% | 0.09% |
| Performance Food Group, Inc. | 0.20% | 0.09% | 0.09% |
| TransDigm, Inc. | 0.14% | 0.08% | 0.08% |
| GFL Environmental, Inc. | 0.38% | 0.08% | 0.08% |
| CSC Holdings, LLC | 0.61% | 0.08% | 0.08% |
Frequently Asked Questions
How much do FTSL and HYG overlap?
FTSL and HYG overlap by 4.5% of portfolio weight. They share 37 holdings (FTSL holds 282 positions and HYG holds 1322), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FTSL and HYG?
The two portfolios are 4.5% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of FTSL and HYG?
The largest positions held by both funds are EchoStar Corp., Cloud Software Group, Inc., DISH Network Corp., Panther Escrow Issuer LLC and 1011778 BC ULC / New Red Finance Inc.. Together the top 10 shared positions account for 54% of the total overlap.
What does FTSL own that HYG doesn't?
245 positions (85.9% of FTSL) are unique to FTSL, led by WHATABRANDS LLC 08/03/28, ATHENAHEALTH GR 02/14/29 and IRB Holding Corp., Term Loan B. In the other direction, 1285 positions (92.6% of HYG) are unique to HYG.