PHYLvsIGEBETF Comparison
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PGIM Active High Yield Bond ETF (PHYL) belongs to the Intl HY Bonds segment. iShares Investment Grade Systematic Bond ETF (IGEB) is part of the US Corporate IG Bonds segment. PHYL's top 3 sector exposures are Finance, Industrials and Non-Energy Materials. In contrast, IGEB's top sector exposures are Finance, Utilities and Energy. PHYL is more expensive with a Total Expense Ratio (TER) of 0.4%, versus 0.18% for IGEB. PHYL is up 2.18% year-to-date (YTD) with +$528M in YTD flows. IGEB performs worse with -0.51% YTD performance, and +$57M in YTD flows. Run a side-by-side ETF comparison of PHYL and IGEB 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 IGEB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/31/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PHYL IGEB | +0.83%-0.25% | +0.72%-1.25% | +2.18%-0.51% | +4.68%+2.02% | +27.84%+17.95% | +20.94%+2.27% |
| Flows | PHYL IGEB | +$34M+$40M | +$132M+$163M | +$528M+$57M | +$1.03B+$211M | +$1.33B+$1.24B | +$1.38B+$1.37B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PHYL IGEB | +2.40%+4.12% | +2.77%+3.92% | +3.45%+5.13% | +4.81%+6.14% |
| Max drawdown | PHYL IGEB | -0.89%-1.89% | -2.53%-2.89% | -3.82%-4.31% | -15.81%-21.18% |
| Max drawdown duration | PHYL IGEB | 31d64d | 50d184d | 71d268d | 812d1442d |
Trading data
PHYL | IGEB | |
Last sale 9/2/2026 at 1:30 PM | $34.52 | $43.88 |
| Previous close 09/01/2026 | $34.51 | $43.85 |
| Consolidated volume 09/01/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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PHYL
is actively managed and doesn’t replicate an indexPHYL | IGEB | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/2/2026 at 1:30 PM
Live
Closed
PHYL | IGEB | |
|---|---|---|
| Last price | $34.52 | $43.88 |
| 1D performance | +0.03% | +0.08% |
| AuM | $1.42 B | $1.48 B |
| E/R | 0.4% | 0.18% |
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Exposure
Countries
PHYL
USA
85.92%
Other
14.08%
IGEB
USA
90.01%
Other
9.99%
Sectors
PHYL
Finance
16.16%
Industrials
15.51%
Non-Energy Materi.
10.17%
Energy
8.33%
Consumer Services
7.29%
Other
42.55%
IGEB
Finance
30.71%
Utilities
14.97%
Energy
11.95%
Technology
10.77%
Other
31.61%
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Diversification
PHYL
Total weight of top 15 holdings out of 15
9.92%
IGEB
Total weight of top 15 holdings out of 15
7.95%
Top 15 holdings
Data as of July 31, 2026
PHYL
PGIM Core Government Money Market Fund
1.32%
USA, Notes 4% 31may2028, USD (BC-2028)
1.02%
TransDigm, 6.75% 15aug2028, USD
0.93%
Carvana, 13% 1jun2030, USD
0.69%
Tenneco, 8% 17nov2028, USD
0.61%
Level 3 Parent, 8.5% 15jan2036, USD
0.60%
Meridian Arc HoldCo, 6.25% 30apr2031, USD
0.60%
DaVita, 4.625% 1jun2030, USD
0.55%
CoreWeave, 9.25% 1jun2030, USD
0.53%
Allied Universal HoldCo, 6.875% 15jun2030, USD
0.53%
Trident TPI Holdings, 12.75% 31dec2028, USD
0.52%
SV RNO Property Owner 1, 5.875% 1mar2031, USD
0.51%
Herc Holdings, 6.625% 15jun2029, USD
0.50%
Tenet Healthcare, 4.375% 15jan2030, USD
0.50%
Connect Holding II, 10.5% 3apr2031, USD
0.50%
IGEB
BlackRock Cash Funds - Treasury
0.97%
Huntington Bancshares, 6.208% 21aug2029, USD
0.52%
Delta Air Lines, 5.25% 10jul2030, USD
0.52%
JP Morgan, 6.875% perp., USD (NN)
0.51%
Sprint Capital Corp, 8.75% 15mar2032, USD
0.50%
Arthur J. Gallagher, 5.15% 15feb2035, USD
0.50%
HSBC Holdings plc, 3.973% 22may2030, USD
0.50%
Smith & Nephew, 2.032% 14oct2030, USD
0.50%
Sabine Pass Liquefaction, 4.5% 15may2030, USD
0.50%
Brown & Brown, 5.55% 23jun2035, USD
0.49%
ServiceNow, 5.4% 15may2036, USD
0.49%
Santander UK Group Holdings, 5.136% 22sep2036, USD
0.49%
Solventum, 5.6% 23mar2034, USD
0.49%
KeyCorp, 6.401% 6mar2035, USD (S)
0.49%
Orange, 8.5% 1mar2031, USD
0.49%
Frequently asked questions about PHYL and IGEB
How have the PHYL and IGEB ETFs performed in 2026?
As of August 31, 2026, PHYL is up 2.18% year-to-date (YTD), while IGEB has lost -0.51%. That puts PHYL better performer ahead so far this year.
Which ETF is attracting more investor money: PHYL or IGEB?
Year-to-date, the PHYL ETF saw +$528M in flows, compared to +$57M for IGEB.
Which ETF is more volatile: PHYL or IGEB?
Over the past year, PHYL had a volatility of 2.77%, while IGEB experienced 3.92%.
Which ETF is bigger: PHYL or IGEB?
As of August 31, 2026, PHYL holds $1.42 B in assets under management (AUM), while IGEB manages $1.48 B.
What sectors do the PHYL and IGEB ETFs invest in?
PHYL leans toward sectors like Finance, Industrials and Non-Energy Materials. Meanwhile, IGEB focuses on Finance, Utilities and Energy.
What are the top holdings of the PHYL ETF and IGEB ETF?
PHYL top holdings include PGIM Core Government Money Market Fund, USA, Notes 4% 31may2028, USD (BC-2028) and TransDigm, 6.75% 15aug2028, USD. IGEB holds in its top three: BlackRock Cash Funds - Treasury, Huntington Bancshares, 6.208% 21aug2029, USD and Delta Air Lines, 5.25% 10jul2030, USD.
Which ETF is more diversified: PHYL or IGEB?
PHYL holds 1031 securities with 9.92% of its assets in the top 15. IGEB has 471 securities and a top 15 weight of 7.95%.
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