SHYG vs HYG: Holdings Overlap
SHYGiShares 0-5 Year High Yield Corporate Bond ETF
iShares · 1154 holdings · $7.6B · 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 (SHYG: 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 SHYG and HYG?
iShares 0-5 Year High Yield Corporate Bond ETF (SHYG, by iShares) holds 1154 positions; iShares iBoxx $ High Yield Corporate Bond ETF (HYG, by iShares) holds 1322. 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
- 764SHYG holds 1154 · HYG holds 1322
- Weight in Shared Holdings
- SHYG 74%·HYG 56%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 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%
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%
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| SHYG | +0.3% | +2.4% | +5.3% | +7.9% | +5.0% | +5.0% | 7.01% |
| 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 SHYG vs HYG →
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 | 0.53% | 0.44% | 0.44% |
|---|---|---|---|
| Cloud Software Group Inc | 0.44% | 0.34% | 0.34% |
| Cloud Software Group Inc | 0.46% | 0.33% | 0.33% |
| DISH Network Corp | 0.37% | 0.32% | 0.32% |
| HUB International Ltd | 0.39% | 0.29% | 0.29% |
| Venture Global LNG Inc | 0.38% | 0.28% | 0.28% |
| WULF Compute LLC | 0.39% | 0.26% | 0.26% |
| SV RNO Property Owner 1 LLC | 0.26% | 0.30% | 0.26% |
| American Airlines Inc/AAdvantage Loyalty IP Ltd | 0.35% | 0.26% | 0.26% |
| DaVita Inc | 0.32% | 0.25% | 0.25% |
| 1011778 BC ULC / New Red Finance Inc | 0.24% | 0.24% | 0.24% |
| EMRLD Borrower LP / Emerald Co-Issuer Inc | 0.23% | 0.26% | 0.23% |
| TransDigm Inc | 0.33% | 0.23% | 0.23% |
| CCO Holdings LLC / CCO Holdings Capital Corp | 0.35% | 0.23% | 0.23% |
| DISH DBS Corp | 0.30% | 0.22% | 0.22% |
| Neptune Bidco US Inc | 0.31% | 0.22% | 0.22% |
| CCO Holdings LLC / CCO Holdings Capital Corp | 0.31% | 0.22% | 0.22% |
| Nissan Motor Co Ltd | 0.29% | 0.22% | 0.22% |
| CCO Holdings LLC / CCO Holdings Capital Corp | 0.27% | 0.22% | 0.22% |
| APLD ComputeCo LLC | 0.29% | 0.22% | 0.22% |
| CoreWeave Inc | 0.25% | 0.21% | 0.21% |
| Mauser Packaging Solutions Holding Co | 0.31% | 0.21% | 0.21% |
| CCO Holdings LLC / CCO Holdings Capital Corp | 0.28% | 0.21% | 0.21% |
| Nissan Motor Co Ltd | 0.27% | 0.21% | 0.21% |
| Staples Inc | 0.27% | 0.20% | 0.20% |
Showing the top 250 of 764 shared holdings by overlap weight.
Frequently Asked Questions
How much do SHYG and HYG overlap?
SHYG and HYG overlap by 53.4% of portfolio weight. They share 764 holdings (SHYG holds 1154 positions and HYG holds 1322), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SHYG and HYG?
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 SHYG and HYG?
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 SHYG own that HYG doesn't?
390 positions (22.6% of SHYG) are unique to SHYG, led by DISH DBS Corp, Rakuten Group Inc and SBA Communications Corp. In the other direction, 558 positions (42.0% of HYG) are unique to HYG.