SCYB vs UCON: Holdings Overlap
SCYBSchwab High Yield Bond ETF
Schwab · 1833 holdings · $2.8B · as of 2026-05-31
UCONFirst Trust Smith Unconstrained Bond ETF
First Trust · 504 holdings · $3.3B · as of 2026-05-31
How similar are SCYB and UCON?
Schwab High Yield Bond ETF (SCYB, by Schwab) holds 1833 positions; First Trust Smith Unconstrained Bond ETF (UCON, by First Trust) holds 504. They have 141 holdings in common, and by portfolio weight the two funds are 8.6% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 8.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 141SCYB holds 1833 · UCON holds 504
- Weight in Shared Holdings
- SCYB 10%·UCON 29%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 SCYB
1692 of 1833 positions (87.8% of the fund) are not held by UCON. Showing the top 30 by weight.
- 1261229 BC Ltd0.42%
- EchoStar Corp0.29%
- Cloud Software Group Inc0.27%
- SV RNO Property Owner 1 LLC0.23%
- Core Scientific Finance I LLC0.23%
- Venture Global LNG Inc0.22%
Only in UCON
363 of 504 positions (70.1% of the fund) are not held by SCYB. Showing the top 30 by weight.
- U.S. Treasury Notes/Bonds2.33%
- U.S. Treasury Bonds2.13%
- U.S. Treasury Bonds2.12%
- U.S. Treasury Notes1.69%
- U.S. Treasury Notes1.18%
- U.S. Treasury Notes/Bonds1.04%
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| SCYB | +0.4% | +2.6% | +5.7% | +8.5% | — | — | 6.90% |
| UCON | -0.1% | +0.7% | +3.7% | +5.5% | +2.7% | — | 4.72% |
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 SCYB vs UCON →
Shared Holdings(141)
The top 10 shared positions account for 20% of the overlap, led by Meridian Arc Holdco LLC, Nexstar Media, Inc. and Carnival Corp. Ltd..
| Meridian Arc Holdco LLC | 0.36% | 0.21% | 0.21% |
|---|---|---|---|
| Nexstar Media, Inc. | 0.20% | 0.31% | 0.20% |
| Carnival Corp. Ltd. | 0.20% | 0.45% | 0.20% |
| Neptune Bidco US, Inc. | 0.18% | 0.25% | 0.18% |
| CoreWeave, Inc. | 0.19% | 0.17% | 0.17% |
| TransDigm, Inc. | 0.16% | 0.25% | 0.16% |
| Jane Street Group / JSG Finance Inc. | 0.15% | 0.24% | 0.15% |
| APLD ComputeCo 2 LLC | 0.15% | 0.18% | 0.15% |
| APLD ComputeCo LLC | 0.15% | 0.25% | 0.15% |
| Directv Financing LLC / Directv Financing Co-Obligor Inc | 0.15% | 0.27% | 0.15% |
| CCO Holdings LLC / CCO Holdings Capital Corp | 0.19% | 0.14% | 0.14% |
| CVS Health Corp. | 0.13% | 0.49% | 0.13% |
| CCO Holdings LLC / CCO Holdings Capital Corp | 0.13% | 0.24% | 0.13% |
| SM Energy Co. | 0.13% | 0.26% | 0.13% |
| Asurion LLC/ Asurion Co-Issuer Inc | 0.22% | 0.12% | 0.12% |
| CoreWeave, Inc. | 0.12% | 0.25% | 0.12% |
| Herc Holdings, Inc. | 0.12% | 0.19% | 0.12% |
| Asurion LLC/ Asurion Co-Issuer Inc. | 0.22% | 0.12% | 0.12% |
| Nexstar Media, Inc. | 0.12% | 0.39% | 0.12% |
| Neptune Bidco US, Inc. | 0.11% | 0.21% | 0.11% |
| PetSmart LLC / PetSmart Finance Corp | 0.11% | 0.48% | 0.11% |
| Shift4 Payments LLC / Shift4 Payments Finance Sub Inc | 0.11% | 0.43% | 0.11% |
| 1011778 BC ULC / New Red Finance Inc. | 0.10% | 0.13% | 0.10% |
| Black Pearl Compute LLC | 0.10% | 0.23% | 0.10% |
| Univision Communications, Inc. | 0.09% | 0.16% | 0.09% |
Frequently Asked Questions
How much do SCYB and UCON overlap?
SCYB and UCON overlap by 8.6% of portfolio weight. They share 141 holdings (SCYB holds 1833 positions and UCON holds 504), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SCYB and UCON?
The two portfolios are 8.6% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of SCYB and UCON?
The largest positions held by both funds are Meridian Arc Holdco LLC, Nexstar Media, Inc., Carnival Corp. Ltd., Neptune Bidco US, Inc. and CoreWeave, Inc.. Together the top 10 shared positions account for 20% of the total overlap.
What does SCYB own that UCON doesn't?
1692 positions (87.8% of SCYB) are unique to SCYB, led by 1261229 BC Ltd, EchoStar Corp and Cloud Software Group Inc. In the other direction, 363 positions (70.1% of UCON) are unique to UCON.