PHYLvsBHYBETF Comparison
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PGIM Active High Yield Bond ETF (PHYL) and Xtrackers USD High Yield BB-B ex Financials ETF (BHYB) belong to the same industry segment: Intl HY Bonds. PHYL's top 3 sector exposures are Finance, Industrials and Non-Energy Materials. In contrast, BHYB's top sector exposures are Consumer Services, Industrials and Energy. PHYL is more expensive with a Total Expense Ratio (TER) of 0.4%, versus 0.2% for BHYB. PHYL is down -0.37% year-to-date (YTD) with +$660M in YTD flows. BHYB performs better with 0.57% YTD performance, and +$1.60B in YTD flows. Run a side-by-side ETF comparison of PHYL and BHYB below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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PHYL vs BHYB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PHYL BHYB | -1.47%-1.53% | -2.18%-1.63% | -0.37%+0.57% | +1.09%+2.06% | +27.84%n/a | +18.09%n/a |
| Flows | PHYL BHYB | +$108M+$21M | +$233M+$533M | +$660M+$1.60B | +$1.08B+$1.98B | +$1.47B- | +$1.53B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PHYL BHYB | +3.24%+2.92% | +2.99%+2.62% | +3.40%n/a | +4.84%n/a |
| Max drawdown | PHYL BHYB | -2.97%-2.70% | -2.97%-2.70% | -3.82%n/a | -15.81%n/a |
| Max drawdown duration | PHYL BHYB | 50d53d | 50d53d | 71dn/a | 812dn/a |
Trading data
PHYL | BHYB | |
Last sale 10/20/2026 at 1:30 PM | $33.46 | $52.31 |
| Previous close 10/19/2026 | $33.46 | $52.29 |
| Consolidated volume 10/19/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 20, 2026
1-year trailing difference
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PHYL
is actively managed and doesn’t replicate an indexPHYL | BHYB | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/20/2026 at 1:30 PM
Live
Closed
PHYL | BHYB | |
|---|---|---|
| Last price | $33.46 | $52.31 |
| 1D performance | +0.00% | +0.03% |
| AuM | $1.50 B | $3.04 B |
| E/R | 0.4% | 0.2% |
Characteristics
PHYL | BHYB | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | PGIM | Xtrackers by DWS |
| Benchmark | - | ICE BofA BB-B Non-FNCL Non-Distressed US HY Constrained Index |
| N° of holdings | 742 | 1466 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 24, 2018 | October 27, 2023 |
| ESG | No | No |
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Exposure
Countries
PHYL
USA
85.05%
Other
14.95%
BHYB
USA
87.97%
Other
12.03%
Sectors
PHYL
Finance
15.78%
Industrials
15.47%
Non-Energy Materi.
10.34%
Energy
8.27%
Consumer Services
7.29%
Other
42.85%
BHYB
Consumer Services
12.83%
Industrials
12.66%
Energy
11.04%
Non-Energy Materi.
9.58%
Finance
9.58%
Consumer Cyclical.
8.08%
Other
36.23%
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Diversification
PHYL
Total weight of top 15 holdings out of 15
9.72%
BHYB
Total weight of top 15 holdings out of 15
4.93%
Top 15 holdings
Data as of August 31, 2026
PHYL
PGIM Core Government Money Market Fund
1.82%
TransDigm, 6.75% 15aug2028, USD
0.95%
Tenneco, 8% 17nov2028, USD
0.63%
Meridian Arc HoldCo, 6.25% 30apr2031, USD
0.61%
Level 3 Parent, 8.5% 15jan2036, USD
0.60%
CoreWeave, 9.25% 1jun2030, USD
0.54%
DaVita, 4.625% 1jun2030, USD
0.53%
Trident TPI Holdings, 12.75% 31dec2028, USD
0.53%
SV RNO Property Owner 1, 5.875% 1mar2031, USD
0.53%
Allied Universal HoldCo, 6.875% 15jun2030, USD
0.52%
USA, Notes 4.125% 30jun2028, USD (BD-2028)
0.49%
Tenet Healthcare, 4.375% 15jan2030, USD
0.49%
Herc Holdings, 6.625% 15jun2029, USD
0.49%
PR RNO Property Owner 1, 6.5% 1may2031, USD
0.49%
Prime Healthcare Services, 9.375% 1sep2029, USD
0.48%
BHYB
1261229 B.C., 10% 15apr2032, USD
0.53%
Meridian Arc HoldCo, 6.25% 30apr2031, USD
0.46%
EchoStar, 10.75% 30nov2029, USD
0.43%
PR RNO Property Owner 1, 6.5% 1may2031, USD
0.36%
Cloud Software Group, 6.5% 31mar2029, USD
0.34%
Quikrete Holdings, 6.375% 1mar2032, USD
0.34%
Cloud Software Group, 9% 30sep2029, USD
0.31%
SV RNO Property Owner 1, 5.875% 1mar2031, USD
0.30%
Nexstar Media, 6.5% 15sep2033, USD
0.29%
WULF Compute, 7.75% 15oct2030, USD
0.28%
Core Scientific Finance I, 7.75% 15may2031, USD
0.27%
Centene, 4.625% 15dec2029, USD
0.26%
Oak-Eagle AcquireCo, 7.25% 1jul2033, USD
0.26%
Venture Global LNG, 9.5% 1feb2029, USD
0.26%
CCO Holdings, 4.75% 1mar2030, USD
0.25%
Frequently asked questions about PHYL and BHYB
How have the PHYL and BHYB ETFs performed in 2026?
As of October 16, 2026, PHYL is down -0.37% year-to-date (YTD), while BHYB has returned 0.57%. That puts BHYB better performer ahead so far this year.
Which ETF is attracting more investor money: PHYL or BHYB?
Year-to-date, the PHYL ETF saw +$660M in flows, compared to +$1.60B for BHYB.
Which ETF is more volatile: PHYL or BHYB?
Over the past year, PHYL had a volatility of 2.99%, while BHYB experienced 2.62%.
Which ETF is bigger: PHYL or BHYB?
As of October 16, 2026, PHYL holds $1.50 B in assets under management (AUM), while BHYB manages $3.04 B.
What sectors do the PHYL and BHYB ETFs invest in?
PHYL leans toward sectors like Finance, Industrials and Non-Energy Materials. Meanwhile, BHYB focuses on Consumer Services, Industrials and Energy.
What are the top holdings of the PHYL ETF and BHYB ETF?
PHYL top holdings include PGIM Core Government Money Market Fund, TransDigm, 6.75% 15aug2028, USD and Tenneco, 8% 17nov2028, USD. BHYB holds in its top three: 1261229 B.C., 10% 15apr2032, USD, Meridian Arc HoldCo, 6.25% 30apr2031, USD and EchoStar, 10.75% 30nov2029, USD.
Which ETF is more diversified: PHYL or BHYB?
PHYL holds 1039 securities with 9.72% of its assets in the top 15. BHYB has 1472 securities and a top 15 weight of 4.93%.
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