UCON vs SCYB: Holdings Overlap
UCONFirst Trust Smith Unconstrained Bond ETF
First Trust · 504 holdings · $3.3B · as of 2026-05-31
SCYBSchwab High Yield Bond ETF
Schwab · 1833 holdings · $2.8B · as of 2026-05-31
How similar are UCON and SCYB?
First Trust Smith Unconstrained Bond ETF (UCON, by First Trust) holds 504 positions; Schwab High Yield Bond ETF (SCYB, by Schwab) holds 1833. 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
- 141UCON holds 504 · SCYB holds 1833
- Weight in Shared Holdings
- UCON 29%·SCYB 10%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
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%
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%
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% |
| SCYB | +0.4% | +2.6% | +5.7% | +8.5% | — | — | 6.90% |
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 SCYB →
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 | 0.21% | 0.36% | 0.21% |
|---|---|---|---|
| Nexstar Media, Inc. | 0.31% | 0.20% | 0.20% |
| Carnival Corp. Ltd. | 0.45% | 0.20% | 0.20% |
| Neptune Bidco US, Inc. | 0.25% | 0.18% | 0.18% |
| CoreWeave, Inc. | 0.17% | 0.19% | 0.17% |
| TransDigm, Inc. | 0.25% | 0.16% | 0.16% |
| Jane Street Group / JSG Finance Inc. | 0.24% | 0.15% | 0.15% |
| APLD ComputeCo 2 LLC | 0.18% | 0.15% | 0.15% |
| APLD ComputeCo LLC | 0.25% | 0.15% | 0.15% |
| Directv Financing LLC / Directv Financing Co-Obligor Inc | 0.27% | 0.15% | 0.15% |
| CCO Holdings LLC / CCO Holdings Capital Corp | 0.14% | 0.19% | 0.14% |
| CVS Health Corp. | 0.49% | 0.13% | 0.13% |
| CCO Holdings LLC / CCO Holdings Capital Corp | 0.24% | 0.13% | 0.13% |
| SM Energy Co. | 0.26% | 0.13% | 0.13% |
| Asurion LLC/ Asurion Co-Issuer Inc | 0.12% | 0.22% | 0.12% |
| CoreWeave, Inc. | 0.25% | 0.12% | 0.12% |
| Herc Holdings, Inc. | 0.19% | 0.12% | 0.12% |
| Asurion LLC/ Asurion Co-Issuer Inc. | 0.12% | 0.22% | 0.12% |
| Nexstar Media, Inc. | 0.39% | 0.12% | 0.12% |
| Neptune Bidco US, Inc. | 0.21% | 0.11% | 0.11% |
| PetSmart LLC / PetSmart Finance Corp | 0.48% | 0.11% | 0.11% |
| Shift4 Payments LLC / Shift4 Payments Finance Sub Inc | 0.43% | 0.11% | 0.11% |
| 1011778 BC ULC / New Red Finance Inc. | 0.13% | 0.10% | 0.10% |
| Black Pearl Compute LLC | 0.23% | 0.10% | 0.10% |
| Univision Communications, Inc. | 0.16% | 0.09% | 0.09% |
Frequently Asked Questions
How much do UCON and SCYB overlap?
UCON and SCYB overlap by 8.6% of portfolio weight. They share 141 holdings (UCON holds 504 positions and SCYB holds 1833), based on each fund's latest SEC-reported holdings.
Is it redundant to own both UCON and SCYB?
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 SCYB?
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 UCON own that SCYB doesn't?
363 positions (70.1% 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, 1692 positions (87.8% of SCYB) are unique to SCYB.