UCON vs HYLB: Holdings Overlap
UCONFirst Trust Smith Unconstrained Bond ETF
First Trust · 504 holdings · $3.3B · 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 UCON and HYLB?
First Trust Smith Unconstrained Bond ETF (UCON, by First Trust) holds 504 positions; Xtrackers USD High Yield Corporate Bond ETF (HYLB, by Xtrackers (DWS)) holds 1277. They have 112 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
- 112UCON holds 504 · HYLB holds 1277
- Weight in Shared Holdings
- UCON 22%·HYLB 11%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 UCON
392 of 504 positions (76.8% of the fund) are not held by HYLB. 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%
Only in HYLB
1165 of 1277 positions (87.0% of the fund) are not held by UCON. Showing the top 30 by weight.
- 1261229 BC Ltd.0.53%
- EchoStar Corp.0.51%
- Cloud Software Group, Inc.0.35%
- Cloud Software Group, Inc.0.33%
- DISH Network Corp.0.32%
- HUB International Ltd.0.29%
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| UCON | -0.1% | +0.7% | +3.7% | +5.5% | +2.7% | — | 4.72% |
| 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 UCON vs HYLB →
Shared Holdings(112)
The top 10 shared positions account for 23% of the overlap, led by Nexstar Media, Inc., Carnival Corp. Ltd. and Neptune Bidco US, Inc..
| Nexstar Media, Inc. | 0.31% | 0.29% | 0.29% |
|---|---|---|---|
| Carnival Corp. Ltd. | 0.45% | 0.26% | 0.26% |
| Neptune Bidco US, Inc. | 0.25% | 0.23% | 0.23% |
| Directv Financing LLC / Directv Financing Co-Obligor Inc | 0.27% | 0.19% | 0.19% |
| TransDigm, Inc. | 0.25% | 0.18% | 0.18% |
| Jane Street Group / JSG Finance Inc. | 0.24% | 0.18% | 0.18% |
| CoreWeave, Inc. | 0.17% | 0.25% | 0.17% |
| PetSmart LLC / PetSmart Finance Corp | 0.48% | 0.17% | 0.17% |
| Nexstar Media, Inc. | 0.39% | 0.15% | 0.15% |
| CoreWeave, Inc. | 0.25% | 0.15% | 0.15% |
| PR RNO Property Owner 1, LLC | 0.15% | 0.40% | 0.15% |
| CCO Holdings LLC / CCO Holdings Capital Corp | 0.24% | 0.15% | 0.15% |
| Herc Holdings, Inc. | 0.19% | 0.15% | 0.15% |
| Shift4 Payments LLC / Shift4 Payments Finance Sub Inc | 0.43% | 0.14% | 0.14% |
| CCO Holdings LLC / CCO Holdings Capital Corp | 0.14% | 0.22% | 0.14% |
| Univision Communications, Inc. | 0.16% | 0.13% | 0.13% |
| Neptune Bidco US, Inc. | 0.21% | 0.13% | 0.13% |
| Fair Isaac Corp. | 0.24% | 0.13% | 0.13% |
| 1011778 BC ULC / New Red Finance Inc. | 0.13% | 0.13% | 0.13% |
| Jane Street Group / JSG Finance Inc. | 0.67% | 0.13% | 0.13% |
| Asurion LLC/ Asurion Co-Issuer Inc | 0.12% | 0.30% | 0.12% |
| SM Energy Co. | 0.26% | 0.12% | 0.12% |
| Asurion LLC/ Asurion Co-Issuer Inc. | 0.12% | 0.28% | 0.12% |
| Sirius XM Radio LLC | 0.20% | 0.11% | 0.11% |
| Cleveland-Cliffs, Inc. | 0.33% | 0.10% | 0.10% |
Frequently Asked Questions
How much do UCON and HYLB overlap?
UCON and HYLB overlap by 8.6% of portfolio weight. They share 112 holdings (UCON holds 504 positions and HYLB holds 1277), based on each fund's latest SEC-reported holdings.
Is it redundant to own both UCON and HYLB?
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 UCON and HYLB?
The largest positions held by both funds are Nexstar Media, Inc., Carnival Corp. Ltd., Neptune Bidco US, Inc., Directv Financing LLC / Directv Financing Co-Obligor Inc and TransDigm, Inc.. Together the top 10 shared positions account for 23% of the total overlap.
What does UCON own that HYLB doesn't?
392 positions (76.8% of UCON) are unique to UCON, led by U.S. Treasury Notes/Bonds, U.S. Treasury Bonds and U.S. Treasury Bonds. In the other direction, 1165 positions (87.0% of HYLB) are unique to HYLB.