FTSL vs SCYB: Holdings Overlap
FTSLFirst Trust Senior Loan Fund
First Trust · 282 holdings · $2.3B · as of 2026-04-30
SCYBSchwab High Yield Bond ETF
Schwab · 1833 holdings · $2.8B · as of 2026-05-31
Holdings snapshots are 31 days apart (FTSL: 2026-04-30, SCYB: 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 SCYB?
First Trust Senior Loan Fund (FTSL, by First Trust) holds 282 positions; Schwab High Yield Bond ETF (SCYB, by Schwab) holds 1833. They have 43 holdings in common, and by portfolio weight the two funds are 3.6% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 3.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 43FTSL holds 282 · SCYB holds 1833
- Weight in Shared Holdings
- FTSL 11%·SCYB 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 FTSL
239 of 282 positions (84.8% of the fund) are not held by SCYB. 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 SCYB
1790 of 1833 positions (93.9% of the fund) are not held by FTSL. Showing the top 30 by weight.
- 1261229 BC Ltd0.42%
- Meridian Arc Holdco LLC0.36%
- Cloud Software Group Inc0.27%
- Quikrete Holdings Inc0.24%
- SV RNO Property Owner 1 LLC0.23%
- Core Scientific Finance I LLC0.23%
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% |
| SCYB | +0.4% | +2.6% | +5.7% | +8.5% | — | — | 6.90% |
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 SCYB →
Shared Holdings(43)
The top 10 shared positions account for 50% of the overlap, led by EchoStar Corp., Centene Corp. and Cloud Software Group, Inc..
| EchoStar Corp. | 0.40% | 0.29% | 0.29% |
|---|---|---|---|
| Centene Corp. | 0.25% | 0.22% | 0.22% |
| Cloud Software Group, Inc. | 0.41% | 0.21% | 0.21% |
| Panther Escrow Issuer LLC | 0.48% | 0.18% | 0.18% |
| Neptune Bidco US, Inc. | 0.25% | 0.18% | 0.18% |
| DISH Network Corp. | 0.48% | 0.16% | 0.16% |
| QXO Building Products, Inc. | 0.84% | 0.15% | 0.15% |
| 1011778 BC ULC / New Red Finance Inc. | 0.70% | 0.15% | 0.15% |
| Rocket Cos., Inc. | 0.29% | 0.13% | 0.13% |
| TransDigm, Inc. | 0.13% | 0.13% | 0.13% |
| Post Holdings, Inc. | 1.16% | 0.10% | 0.10% |
| Rocket Cos., Inc. | 0.10% | 0.14% | 0.10% |
| PetSmart LLC / PetSmart Finance Corp | 0.10% | 0.11% | 0.10% |
| Tenet Healthcare Corp. | 0.20% | 0.09% | 0.09% |
| Talen Energy Supply LLC | 0.21% | 0.08% | 0.08% |
| Jane Street Group / JSG Finance Inc. | 0.12% | 0.08% | 0.08% |
| TransDigm, Inc. | 0.14% | 0.08% | 0.08% |
| Sinclair Television Group, Inc. | 0.29% | 0.07% | 0.07% |
| Hilton Domestic Operating Co., Inc. | 0.09% | 0.07% | 0.07% |
| Allied Universal Holdco LLC / Allied Universal Finance Corp. | 0.15% | 0.07% | 0.07% |
| GFL Environmental, Inc. | 0.38% | 0.07% | 0.07% |
| CSC Holdings, LLC | 0.61% | 0.06% | 0.06% |
| Builders FirstSource, Inc. | 0.11% | 0.06% | 0.06% |
| Yum! Brands, Inc. | 0.11% | 0.06% | 0.06% |
| Ritchie Bros Holdings Inc | 0.11% | 0.06% | 0.06% |
Frequently Asked Questions
How much do FTSL and SCYB overlap?
FTSL and SCYB overlap by 3.6% of portfolio weight. They share 43 holdings (FTSL holds 282 positions and SCYB holds 1833), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FTSL and SCYB?
The two portfolios are 3.6% 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 SCYB?
The largest positions held by both funds are EchoStar Corp., Centene Corp., Cloud Software Group, Inc., Panther Escrow Issuer LLC and Neptune Bidco US, Inc.. Together the top 10 shared positions account for 50% of the total overlap.
What does FTSL own that SCYB doesn't?
239 positions (84.8% 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, 1790 positions (93.9% of SCYB) are unique to SCYB.