HYG vs HYLB: Holdings Overlap
HYGiShares iBoxx $ High Yield Corporate Bond ETF
iShares · 1322 holdings · $17.4B · as of 2026-05-31
HYLBXtrackers USD High Yield Corporate Bond ETF
Xtrackers (DWS) · 1277 holdings · $3.5B · as of 2026-05-29
How similar are HYG and HYLB?
iShares iBoxx $ High Yield Corporate Bond ETF (HYG, by iShares) holds 1322 positions; Xtrackers USD High Yield Corporate Bond ETF (HYLB, by Xtrackers (DWS)) holds 1277. They have 1157 holdings in common, and by portfolio weight the two funds are 84.7% identical. In practical terms the pair is heavily overlapping, with largely the same stocks driving both funds.
- Overlap by Weight
- 84.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 1157HYG holds 1322 · HYLB holds 1277
- Weight in Shared Holdings
- HYG 86%·HYLB 90%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 HYG
165 of 1322 positions (11.2% of the fund) are not held by HYLB. Showing the top 30 by weight.
- SV RNO Property Owner 1 LLC0.30%
- WULF Compute LLC0.26%
- Meridian Arc Holdco LLC0.26%
- American Airlines Inc/AAdvantage Loyalty IP Ltd0.26%
- APLD ComputeCo LLC0.22%
- Beach Acquisition Bidco LLC0.20%
Only in HYLB
120 of 1277 positions (7.8% of the fund) are not held by HYG. Showing the top 30 by weight.
- Centene Corp.0.28%
- Carnival Corp. Ltd.0.26%
- Talen Energy Supply LLC0.21%
- Centene Corp.0.19%
- Carnival Corp. Ltd.0.17%
- GOLLBZ 14.375 06/06/30 144A0.17%
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| HYG | +0.3% | +2.2% | +5.2% | +8.3% | +3.8% | +4.7% | 5.89% |
| HYLB | +0.4% | +2.5% | +5.7% | +8.6% | +4.0% | — | 6.52% |
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 HYG vs HYLB →
Shared Holdings(1157)
The top 10 shared positions account for 4% of the overlap, led by 1261229 BC Ltd., EchoStar Corp. and Cloud Software Group, Inc..
| 1261229 BC Ltd. | 0.54% | 0.53% | 0.53% |
|---|---|---|---|
| EchoStar Corp. | 0.44% | 0.51% | 0.44% |
| Cloud Software Group, Inc. | 0.34% | 0.33% | 0.33% |
| Quikrete Holdings, Inc. | 0.33% | 0.35% | 0.33% |
| Cloud Software Group, Inc. | 0.33% | 0.35% | 0.33% |
| DISH Network Corp. | 0.32% | 0.32% | 0.32% |
| Nexstar Media, Inc. | 0.30% | 0.29% | 0.29% |
| HUB International Ltd. | 0.29% | 0.29% | 0.29% |
| Venture Global LNG, Inc. | 0.28% | 0.28% | 0.28% |
| Asurion LLC/ Asurion Co-Issuer Inc | 0.28% | 0.30% | 0.28% |
| Panther Escrow Issuer LLC | 0.28% | 0.28% | 0.28% |
| Asurion LLC/ Asurion Co-Issuer Inc. | 0.28% | 0.28% | 0.28% |
| PR RNO Property Owner 1, LLC | 0.26% | 0.40% | 0.26% |
| EMRLD Borrower L.P./ Emerald Co-Issuer Inc. | 0.26% | 0.25% | 0.25% |
| 1011778 BC ULC / New Red Finance Inc. | 0.24% | 0.24% | 0.24% |
| DaVita, Inc. | 0.25% | 0.23% | 0.23% |
| TransDigm, Inc. | 0.26% | 0.23% | 0.23% |
| TransDigm, Inc. | 0.23% | 0.24% | 0.23% |
| CCO Holdings LLC / CCO Holdings Capital Corp | 0.23% | 0.25% | 0.23% |
| Neptune Bidco US, Inc. | 0.22% | 0.23% | 0.22% |
| CCO Holdings LLC / CCO Holdings Capital Corp | 0.22% | 0.22% | 0.22% |
| CCO Holdings LLC / CCO Holdings Capital Corp | 0.22% | 0.24% | 0.22% |
| DISH DBS Corp. | 0.22% | 0.22% | 0.22% |
| Nissan Motor Co. Ltd. | 0.22% | 0.22% | 0.22% |
| Mauser Packaging Solutions Holding Co. | 0.21% | 0.22% | 0.21% |
Showing the top 250 of 1157 shared holdings by overlap weight.
Frequently Asked Questions
How much do HYG and HYLB overlap?
HYG and HYLB overlap by 84.7% of portfolio weight. They share 1157 holdings (HYG holds 1322 positions and HYLB holds 1277), based on each fund's latest SEC-reported holdings.
Is it redundant to own both HYG and HYLB?
The two portfolios are 84.7% identical by weight. Owning both mostly doubles down on the shared core rather than diversifying: the same large positions drive both funds.
What are the biggest shared holdings of HYG and HYLB?
The largest positions held by both funds are 1261229 BC Ltd., EchoStar Corp., Cloud Software Group, Inc., Quikrete Holdings, Inc. and Cloud Software Group, Inc.. Together the top 10 shared positions account for 4% of the total overlap.
What does HYG own that HYLB doesn't?
165 positions (11.2% of HYG) are unique to HYG, led by SV RNO Property Owner 1 LLC, WULF Compute LLC and Meridian Arc Holdco LLC. In the other direction, 120 positions (7.8% of HYLB) are unique to HYLB.