PHYLvsNHYBETF Comparison
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PGIM Active High Yield Bond ETF (PHYL) belongs to the Intl HY Bonds segment. Nuveen High Yield Corporate Bond ETF (NHYB) is part of the US Corporate HY Bonds segment. PHYL's top 3 sector exposures are Finance, Industrials and Non-Energy Materials. In contrast, NHYB's top sector exposures are Finance, Industrials and Consumer Services. PHYL is more expensive with a Total Expense Ratio (TER) of 0.4%, versus 0.08% for NHYB. PHYL is down -0.37% year-to-date (YTD) with +$660M in YTD flows. NHYB performs better with 0.43% YTD performance, and +$281M in YTD flows. Run a side-by-side ETF comparison of PHYL and NHYB 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 NHYB 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 NHYB | -1.47%-1.66% | -2.18%-1.77% | -0.37%+0.43% | +1.09%+1.89% | +27.84%n/a | +18.09%n/a |
| Flows | PHYL NHYB | +$108M+$58M | +$233M+$148M | +$660M+$281M | +$1.08B+$1.77B | +$1.47B- | +$1.53B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PHYL NHYB | +3.24%+2.93% | +2.99%+2.65% | +3.40%n/a | +4.84%n/a |
| Max drawdown | PHYL NHYB | -2.97%-2.80% | -2.97%-2.80% | -3.82%n/a | -15.81%n/a |
| Max drawdown duration | PHYL NHYB | 50d53d | 50d53d | 71dn/a | 812dn/a |
Trading data
PHYL | NHYB | |
Last sale 10/20/2026 at 1:30 PM | $33.46 | $23.81 |
| Previous close 10/19/2026 | $33.46 | $23.81 |
| 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 | NHYB | |
|---|---|---|
| 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 | NHYB | |
|---|---|---|
| Last price | $33.46 | $23.81 |
| 1D performance | +0.00% | +0.00% |
| AuM | $1.50 B | $1.79 B |
| E/R | 0.4% | 0.08% |
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Exposure
Countries
PHYL
USA
85.05%
Other
14.95%
NHYB
USA
87.2%
Other
12.8%
Sectors
PHYL
Finance
15.78%
Industrials
15.47%
Non-Energy Materi.
10.34%
Energy
8.27%
Consumer Services
7.29%
Other
42.85%
NHYB
Finance
17%
Industrials
11.65%
Consumer Services
11.6%
Energy
9.73%
Non-Energy Materi.
8.63%
Business Services
7.13%
Other
34.26%
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Diversification
PHYL
Total weight of top 15 holdings out of 15
9.72%
NHYB
Total weight of top 15 holdings out of 15
4.75%
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%
NHYB
Meridian Arc HoldCo, 6.25% 30apr2031, USD
0.48%
1261229 B.C., 10% 15apr2032, USD
0.46%
EchoStar, 10.75% 30nov2029, USD
0.41%
PR RNO Property Owner 1, 6.5% 1may2031, USD
0.34%
Centene, 2.625% 1aug2031, USD
0.33%
Galaxy Helios Data Center II, 9.875% 1aug2031, USD
0.31%
Cloud Software Group, 9% 30sep2029, USD
0.29%
CCO Holdings, 4.25% 1feb2031, USD
0.29%
SV RNO Property Owner 1, 5.875% 1mar2031, USD
0.28%
Quikrete Holdings, 6.375% 1mar2032, USD
0.28%
Venture Global LNG, 9.5% 1feb2029, USD
0.28%
Cloud Software Group, 6.5% 31mar2029, USD
0.27%
Stingray Compute, 6% 15jun2031, USD
0.25%
Centene, 2.45% 15jul2028, USD
0.25%
Venture Global Plaquemines LNG, 6.75% 15jan2036, USD
0.24%
Frequently asked questions about PHYL and NHYB
How have the PHYL and NHYB ETFs performed in 2026?
As of October 16, 2026, PHYL is down -0.37% year-to-date (YTD), while NHYB has returned 0.43%. That puts NHYB better performer ahead so far this year.
Which ETF is attracting more investor money: PHYL or NHYB?
Year-to-date, the PHYL ETF saw +$660M in flows, compared to +$281M for NHYB.
Which ETF is more volatile: PHYL or NHYB?
Over the past year, PHYL had a volatility of 2.99%, while NHYB experienced 2.65%.
Which ETF is bigger: PHYL or NHYB?
As of October 16, 2026, PHYL holds $1.50 B in assets under management (AUM), while NHYB manages $1.79 B.
What sectors do the PHYL and NHYB ETFs invest in?
PHYL leans toward sectors like Finance, Industrials and Non-Energy Materials. Meanwhile, NHYB focuses on Finance, Industrials and Consumer Services.
What are the top holdings of the PHYL ETF and NHYB ETF?
PHYL top holdings include PGIM Core Government Money Market Fund, TransDigm, 6.75% 15aug2028, USD and Tenneco, 8% 17nov2028, USD. NHYB holds in its top three: Meridian Arc HoldCo, 6.25% 30apr2031, USD, 1261229 B.C., 10% 15apr2032, USD and EchoStar, 10.75% 30nov2029, USD.
Which ETF is more diversified: PHYL or NHYB?
PHYL holds 1039 securities with 9.72% of its assets in the top 15. NHYB has 1671 securities and a top 15 weight of 4.75%.
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