PHYLvsUSHYETF Comparison
VS
ETF 2
USHY
iShares Broad USD High Yield Corporate Bond ETF
This fund is part of
US Corporate HY Bonds
-0.14%
PGIM Active High Yield Bond ETF (PHYL) belongs to the Intl HY Bonds segment. iShares Broad USD High Yield Corporate Bond ETF (USHY) is part of the US Corporate HY Bonds segment. PHYL's top 3 sector exposures are Finance, Industrials and Non-Energy Materials. In contrast, USHY's top sector exposures are Finance, Consumer Services and Industrials. PHYL is more expensive with a Total Expense Ratio (TER) of 0.4%, versus 0.08% for USHY. PHYL is down -0.2% year-to-date (YTD) with +$647M in YTD flows. USHY performs better with 0.12% YTD performance, and +$1.34B in YTD flows. Run a side-by-side ETF comparison of PHYL and USHY 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 USHY 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 USHY | -1.24%-1.59% | -2.09%-1.95% | -0.20%+0.12% | +1.27%+1.61% | +28.07%+27.40% | +18.16%+19.73% |
| Flows | PHYL USHY | +$96M-$1.64B | +$228M-$2.61B | +$647M+$1.34B | +$1.08B+$1.43B | +$1.46B+$16.92B | +$1.52B+$19.04B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PHYL USHY | +3.23%+3.00% | +2.99%+2.78% | +3.40%+3.34% | +4.84%+4.86% |
| Max drawdown | PHYL USHY | -2.97%-2.85% | -2.97%-2.85% | -3.82%-3.86% | -15.81%-15.04% |
| Max drawdown duration | PHYL USHY | 49d50d | 49d50d | 71d68d | 812d721d |
Trading data
PHYL | USHY | |
Last sale 10/19/2026 at 6:23 PM | $33.47 | $35.53 |
| Previous close 10/16/2026 | $33.49 | $35.52 |
| 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 October 19, 2026
1-year trailing difference
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PHYL
is actively managed and doesn’t replicate an indexPHYL | USHY | |
|---|---|---|
| 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 6:23 PM
Live
Closed
PHYL | USHY | |
|---|---|---|
| Last price | $33.47 | $35.53 |
| 1D performance | -0.06% | +0.01% |
| AuM | $1.49 B | $25.48 B |
| E/R | 0.4% | 0.08% |
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Exposure
Countries
PHYL
USA
85.05%
Other
14.95%
USHY
USA
86.95%
Other
13.05%
Sectors
PHYL
Finance
15.78%
Industrials
15.47%
Non-Energy Materi.
10.34%
Energy
8.27%
Consumer Services
7.29%
Other
42.85%
USHY
Finance
16.78%
Consumer Services
11.75%
Industrials
11.16%
Energy
8.96%
Non-Energy Materi.
8.77%
Business Services
7.09%
Other
35.49%
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Diversification
PHYL
Total weight of top 15 holdings out of 15
9.72%
USHY
Total weight of top 15 holdings out of 15
5.82%
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%
USHY
BlackRock Cash Funds - Treasury
1.76%
1261229 B.C., 10% 15apr2032, USD
0.49%
EchoStar, 10.75% 30nov2029, USD
0.40%
Meridian Arc HoldCo, 6.25% 30apr2031, USD
0.39%
Quikrete Holdings, 6.375% 1mar2032, USD
0.30%
PR RNO Property Owner 1, 6.5% 1may2031, USD
0.29%
Cloud Software Group, 6.5% 31mar2029, USD
0.27%
Cloud Software Group, 9% 30sep2029, USD
0.26%
Asurion LLC, 8% 31dec2032, USD
0.26%
SV RNO Property Owner 1, 5.875% 1mar2031, USD
0.25%
WULF Compute, 7.75% 15oct2030, USD
0.24%
Hub International, 7.25% 15jun2030, USD
0.24%
Nexstar Media, 6.5% 15sep2033, USD
0.23%
RP Escrow Issuer, 7.125% 1jun2031, USD
0.23%
Core Scientific Finance I, 7.75% 15may2031, USD
0.22%
Frequently asked questions about PHYL and USHY
How have the PHYL and USHY ETFs performed in 2026?
As of October 15, 2026, PHYL is down -0.2% year-to-date (YTD), while USHY has returned 0.12%. That puts USHY better performer ahead so far this year.
Which ETF is attracting more investor money: PHYL or USHY?
Year-to-date, the PHYL ETF saw +$647M in flows, compared to +$1.34B for USHY.
Which ETF is more volatile: PHYL or USHY?
Over the past year, PHYL had a volatility of 2.99%, while USHY experienced 2.78%.
Which ETF is bigger: PHYL or USHY?
As of October 15, 2026, PHYL holds $1.49 B in assets under management (AUM), while USHY manages $25.48 B.
What sectors do the PHYL and USHY ETFs invest in?
PHYL leans toward sectors like Finance, Industrials and Non-Energy Materials. Meanwhile, USHY focuses on Finance, Consumer Services and Industrials.
What are the top holdings of the PHYL ETF and USHY ETF?
PHYL top holdings include PGIM Core Government Money Market Fund, TransDigm, 6.75% 15aug2028, USD and Tenneco, 8% 17nov2028, USD. USHY holds in its top three: BlackRock Cash Funds - Treasury, 1261229 B.C., 10% 15apr2032, USD and EchoStar, 10.75% 30nov2029, USD.
Which ETF is more diversified: PHYL or USHY?
PHYL holds 1039 securities with 9.72% of its assets in the top 15. USHY has 1872 securities and a top 15 weight of 5.82%.
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Latest news about PHYL & USHY
Schwab Launches New High-Yield Bond ETF on NYSE ARCA
July 13, 2023
USHY
Uptick to inflows in high-yield bond ETFs
December 16, 2022
USHY
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