SHYG vs UCON: Holdings Overlap
SHYGiShares 0-5 Year High Yield Corporate Bond ETF
iShares · 1154 holdings · $7.6B · as of 2026-04-30
UCONFirst Trust Smith Unconstrained Bond ETF
First Trust · 504 holdings · $3.3B · as of 2026-05-31
Holdings snapshots are 31 days apart (SHYG: 2026-04-30, UCON: 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 UCON?
iShares 0-5 Year High Yield Corporate Bond ETF (SHYG, by iShares) holds 1154 positions; First Trust Smith Unconstrained Bond ETF (UCON, by First Trust) holds 504. They have 72 holdings in common, and by portfolio weight the two funds are 5.9% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 5.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 72SHYG holds 1154 · UCON holds 504
- Weight in Shared Holdings
- SHYG 7%·UCON 15%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
1082 of 1154 positions (90.1% of the fund) are not held by UCON. Showing the top 30 by weight.
- EchoStar Corp0.53%
- Cloud Software Group Inc0.46%
- Cloud Software Group Inc0.44%
- WULF Compute LLC0.39%
- HUB International Ltd0.39%
- Venture Global LNG Inc0.38%
Only in UCON
432 of 504 positions (83.7% of the fund) are not held by SHYG. 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 |
|---|---|---|---|---|---|---|---|
| SHYG | +0.3% | +2.4% | +5.3% | +7.9% | +5.0% | +5.0% | 7.01% |
| 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 SHYG vs UCON →
Shared Holdings(72)
The top 10 shared positions account for 34% of the overlap, led by APLD ComputeCo LLC, Neptune Bidco US, Inc. and TransDigm, Inc..
| APLD ComputeCo LLC | 0.29% | 0.25% | 0.25% |
|---|---|---|---|
| Neptune Bidco US, Inc. | 0.31% | 0.25% | 0.25% |
| TransDigm, Inc. | 0.24% | 0.25% | 0.24% |
| Directv Financing LLC / Directv Financing Co-Obligor Inc | 0.23% | 0.27% | 0.23% |
| Meridian Arc Holdco LLC | 0.19% | 0.21% | 0.19% |
| Herc Holdings, Inc. | 0.21% | 0.19% | 0.19% |
| APLD ComputeCo 2 LLC | 0.21% | 0.18% | 0.18% |
| CoreWeave, Inc. | 0.17% | 0.25% | 0.17% |
| Sirius XM Radio LLC | 0.16% | 0.20% | 0.16% |
| PR RNO Property Owner 1, LLC | 0.18% | 0.15% | 0.15% |
| CCO Holdings LLC / CCO Holdings Capital Corp | 0.28% | 0.14% | 0.14% |
| Chart Industries, Inc. | 0.13% | 0.24% | 0.13% |
| Black Pearl Compute LLC | 0.13% | 0.23% | 0.13% |
| Kinetik Holdings LP | 0.13% | 0.22% | 0.13% |
| 1011778 BC ULC / New Red Finance Inc. | 0.19% | 0.13% | 0.13% |
| Advance Auto Parts, Inc. | 0.12% | 0.23% | 0.12% |
| Iron Mountain, Inc. | 0.10% | 0.10% | 0.10% |
| MGM Resorts International | 0.09% | 0.24% | 0.09% |
| Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC | 0.09% | 0.71% | 0.09% |
| GFL Environmental, Inc. | 0.09% | 0.34% | 0.09% |
| Nissan Motor Acceptance Co. LLC | 0.09% | 0.24% | 0.09% |
| Gap, Inc. (The) | 0.09% | 0.34% | 0.09% |
| Esab Corp. | 0.08% | 0.17% | 0.08% |
| VF Corp. | 0.08% | 0.49% | 0.08% |
| Station Casinos LLC | 0.08% | 0.10% | 0.08% |
Frequently Asked Questions
How much do SHYG and UCON overlap?
SHYG and UCON overlap by 5.9% of portfolio weight. They share 72 holdings (SHYG holds 1154 positions and UCON holds 504), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SHYG and UCON?
The two portfolios are 5.9% 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 SHYG and UCON?
The largest positions held by both funds are APLD ComputeCo LLC, Neptune Bidco US, Inc., TransDigm, Inc., Directv Financing LLC / Directv Financing Co-Obligor Inc and Meridian Arc Holdco LLC. Together the top 10 shared positions account for 34% of the total overlap.
What does SHYG own that UCON doesn't?
1082 positions (90.1% of SHYG) are unique to SHYG, led by EchoStar Corp, Cloud Software Group Inc and Cloud Software Group Inc. In the other direction, 432 positions (83.7% of UCON) are unique to UCON.