HYG vs SHYG: Holdings Overlap
HYGiShares iBoxx $ High Yield Corporate Bond ETF
iShares · 1322 holdings · $17.4B · as of 2026-05-31
SHYGiShares 0-5 Year High Yield Corporate Bond ETF
iShares · 1154 holdings · $7.6B · as of 2026-04-30
Holdings snapshots are 31 days apart (HYG: 2026-05-31, SHYG: 2026-04-30). 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 HYG and SHYG?
iShares iBoxx $ High Yield Corporate Bond ETF (HYG, by iShares) holds 1322 positions; iShares 0-5 Year High Yield Corporate Bond ETF (SHYG, by iShares) holds 1154. They have 764 holdings in common, and by portfolio weight the two funds are 53.4% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 53.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 764HYG holds 1322 · SHYG holds 1154
- Weight in Shared Holdings
- HYG 56%·SHYG 74%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
558 of 1322 positions (42.0% of the fund) are not held by SHYG. Showing the top 30 by weight.
- Quikrete Holdings Inc0.33%
- Nexstar Media Inc0.30%
- Asurion LLC/ Asurion Co-Issuer Inc0.28%
- Asurion LLC/ Asurion Co-Issuer Inc0.28%
- CRC Insurance Group LLC0.28%
- TransDigm Inc0.26%
Only in SHYG
390 of 1154 positions (22.6% of the fund) are not held by HYG. Showing the top 30 by weight.
- DISH DBS Corp0.24%
- Rakuten Group Inc0.21%
- SBA Communications Corp0.17%
- Vistra Operations Co LLC0.15%
- Teva Pharmaceutical Finance Netherlands III BV0.15%
- Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer0.14%
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% |
| SHYG | +0.3% | +2.4% | +5.3% | +7.9% | +5.0% | +5.0% | 7.01% |
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 SHYG →
Shared Holdings(764)
The top 10 shared positions account for 6% of the overlap, led by EchoStar Corp, Cloud Software Group Inc and Cloud Software Group Inc.
| EchoStar Corp | 0.44% | 0.53% | 0.44% |
|---|---|---|---|
| Cloud Software Group Inc | 0.34% | 0.44% | 0.34% |
| Cloud Software Group Inc | 0.33% | 0.46% | 0.33% |
| DISH Network Corp | 0.32% | 0.37% | 0.32% |
| HUB International Ltd | 0.29% | 0.39% | 0.29% |
| Venture Global LNG Inc | 0.28% | 0.38% | 0.28% |
| WULF Compute LLC | 0.26% | 0.39% | 0.26% |
| SV RNO Property Owner 1 LLC | 0.30% | 0.26% | 0.26% |
| American Airlines Inc/AAdvantage Loyalty IP Ltd | 0.26% | 0.35% | 0.26% |
| DaVita Inc | 0.25% | 0.32% | 0.25% |
| 1011778 BC ULC / New Red Finance Inc | 0.24% | 0.24% | 0.24% |
| EMRLD Borrower LP / Emerald Co-Issuer Inc | 0.26% | 0.23% | 0.23% |
| TransDigm Inc | 0.23% | 0.33% | 0.23% |
| CCO Holdings LLC / CCO Holdings Capital Corp | 0.23% | 0.35% | 0.23% |
| DISH DBS Corp | 0.22% | 0.30% | 0.22% |
| Neptune Bidco US Inc | 0.22% | 0.31% | 0.22% |
| CCO Holdings LLC / CCO Holdings Capital Corp | 0.22% | 0.31% | 0.22% |
| Nissan Motor Co Ltd | 0.22% | 0.29% | 0.22% |
| CCO Holdings LLC / CCO Holdings Capital Corp | 0.22% | 0.27% | 0.22% |
| APLD ComputeCo LLC | 0.22% | 0.29% | 0.22% |
| CoreWeave Inc | 0.21% | 0.25% | 0.21% |
| Mauser Packaging Solutions Holding Co | 0.21% | 0.31% | 0.21% |
| CCO Holdings LLC / CCO Holdings Capital Corp | 0.21% | 0.28% | 0.21% |
| Nissan Motor Co Ltd | 0.21% | 0.27% | 0.21% |
| Staples Inc | 0.20% | 0.27% | 0.20% |
Showing the top 250 of 764 shared holdings by overlap weight.
Frequently Asked Questions
How much do HYG and SHYG overlap?
HYG and SHYG overlap by 53.4% of portfolio weight. They share 764 holdings (HYG holds 1322 positions and SHYG holds 1154), based on each fund's latest SEC-reported holdings.
Is it redundant to own both HYG and SHYG?
The two portfolios are 53.4% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of HYG and SHYG?
The largest positions held by both funds are EchoStar Corp, Cloud Software Group Inc, Cloud Software Group Inc, DISH Network Corp and HUB International Ltd. Together the top 10 shared positions account for 6% of the total overlap.
What does HYG own that SHYG doesn't?
558 positions (42.0% of HYG) are unique to HYG, led by Quikrete Holdings Inc, Nexstar Media Inc and Asurion LLC/ Asurion Co-Issuer Inc. In the other direction, 390 positions (22.6% of SHYG) are unique to SHYG.