PHYLvsHYGETF Comparison
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PGIM Active High Yield Bond ETF (PHYL) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG) belong to the same industry segment: Intl HY Bonds. PHYL's top 3 sector exposures are Finance, Industrials and Non-Energy Materials. In contrast, HYG's top sector exposures are Finance, Consumer Services and Industrials. PHYL is less expensive with a Total Expense Ratio (TER) of 0.4%, versus 0.49% for HYG. PHYL is down -0.2% year-to-date (YTD) with +$647M in YTD flows. HYG performs worse with -0.27% YTD performance, and -$1.91B in YTD flows. Run a side-by-side ETF comparison of PHYL and HYG 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 HYG performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PHYL HYG | -1.24%-1.62% | -2.09%-2.13% | -0.20%-0.27% | +1.27%+1.15% | +28.07%+26.16% | +18.16%+17.21% |
| Flows | PHYL HYG | +$96M+$3.07B | +$228M+$1.70B | +$647M-$1.91B | +$1.08B-$1.51B | +$1.46B+$3.53B | +$1.52B-$28M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PHYL HYG | +3.23%+3.43% | +2.99%+3.09% | +3.40%+3.74% | +4.84%+5.57% |
| Max drawdown | PHYL HYG | -2.97%-2.98% | -2.97%-2.98% | -3.82%-3.71% | -15.81%-15.34% |
| Max drawdown duration | PHYL HYG | 49d50d | 49d50d | 71d72d | 812d798d |
Trading data
PHYL | HYG | |
Last sale 10/19/2026 at 1:30 PM | $33.46 | $76.83 |
| Previous close 10/16/2026 | $33.49 | $76.86 |
| Consolidated volume 10/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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PHYL
is actively managed and doesn’t replicate an indexPHYL | HYG | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/19/2026 at 1:30 PM
Live
Closed
PHYL | HYG | |
|---|---|---|
| Last price | $33.46 | $76.83 |
| 1D performance | -0.09% | -0.04% |
| AuM | $1.49 B | $17.18 B |
| E/R | 0.4% | 0.49% |
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Exposure
Countries
PHYL
USA
85.05%
Other
14.95%
HYG
USA
87.01%
Other
12.99%
Sectors
PHYL
Finance
15.78%
Industrials
15.47%
Non-Energy Materi.
10.34%
Energy
8.27%
Consumer Services
7.29%
Other
42.85%
HYG
Finance
17.45%
Consumer Services
13.26%
Industrials
9.37%
Energy
8.74%
Non-Energy Materi.
7.89%
Business Services
7.42%
Other
35.88%
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Diversification
PHYL
Total weight of top 15 holdings out of 15
9.72%
HYG
Total weight of top 15 holdings out of 15
6.2%
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%
HYG
BlackRock Cash Funds - Treasury
1.35%
1261229 B.C., 10% 15apr2032, USD
0.53%
Meridian Arc HoldCo, 6.25% 30apr2031, USD
0.47%
EchoStar, 10.75% 30nov2029, USD
0.45%
PR RNO Property Owner 1, 6.5% 1may2031, USD
0.35%
Quikrete Holdings, 6.375% 1mar2032, USD
0.34%
Cloud Software Group, 6.5% 31mar2029, USD
0.33%
Cloud Software Group, 9% 30sep2029, USD
0.32%
Galaxy Helios Data Center II, 9.875% 1aug2031, USD
0.31%
Asurion LLC, 8% 31dec2032, USD
0.31%
Hub International, 7.25% 15jun2030, USD
0.30%
SV RNO Property Owner 1, 5.875% 1mar2031, USD
0.29%
RP Escrow Issuer, 7.125% 1jun2031, USD
0.29%
Nexstar Media, 6.5% 15sep2033, USD
0.28%
WULF Compute, 7.75% 15oct2030, USD
0.28%
Frequently asked questions about PHYL and HYG
How have the PHYL and HYG ETFs performed in 2026?
As of October 15, 2026, PHYL is down -0.2% year-to-date (YTD), while HYG has lost -0.27%. That puts PHYL better performer ahead so far this year.
Which ETF is attracting more investor money: PHYL or HYG?
Year-to-date, the PHYL ETF saw +$647M in flows, compared to -$1.91B for HYG.
Which ETF is more volatile: PHYL or HYG?
Over the past year, PHYL had a volatility of 2.99%, while HYG experienced 3.09%.
Which ETF is bigger: PHYL or HYG?
As of October 15, 2026, PHYL holds $1.49 B in assets under management (AUM), while HYG manages $17.18 B.
What sectors do the PHYL and HYG ETFs invest in?
PHYL leans toward sectors like Finance, Industrials and Non-Energy Materials. Meanwhile, HYG focuses on Finance, Consumer Services and Industrials.
What are the top holdings of the PHYL ETF and HYG ETF?
PHYL top holdings include PGIM Core Government Money Market Fund, TransDigm, 6.75% 15aug2028, USD and Tenneco, 8% 17nov2028, USD. HYG holds in its top three: BlackRock Cash Funds - Treasury, 1261229 B.C., 10% 15apr2032, USD and Meridian Arc HoldCo, 6.25% 30apr2031, USD.
Which ETF is more diversified: PHYL or HYG?
PHYL holds 1039 securities with 9.72% of its assets in the top 15. HYG has 1316 securities and a top 15 weight of 6.2%.
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Latest news about PHYL & HYG
The Weekly ETF Market Monitor (September 28-October 2, 2026)
October 2, 2026
HYG
The Weekly ETF Market Monitor (August 24-28, 2026)
August 31, 2026
HYG
The Weekly ETF Market Monitor (August 17-21, 2026)
August 24, 2026
HYG
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