USFIvsHYDETF Comparison
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BrandywineGLOBAL - U.S. Fixed Income ETF (USFI) belongs to the US Aggregate Bonds segment. VanEck High Yield Muni ETF (HYD) is part of the Municipal Bonds segment. USFI's top 3 sector exposures are Sovereign, Industrials and Finance. In contrast, HYD's top sector exposures are Municipal. USFI is more expensive with a Total Expense Ratio (TER) of 0.39%, versus 0.32% for HYD. USFI is down -2.88% year-to-date (YTD) with -$4M in YTD flows. HYD performs better with -1.57% YTD performance, and +$535M in YTD flows. Run a side-by-side ETF comparison of USFI and HYD 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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USFI vs HYD performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | USFI HYD | -0.42%-0.86% | -2.52%-3.95% | -2.88%-1.57% | -3.79%-0.91% | +13.01%+13.01% | n/a-4.06% |
| Flows | USFI HYD | -+$368M | -+$62M | -$4M+$535M | -$2M+$981M | -$2M+$1.81B | -+$1.62B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | USFI HYD | +3.22%+5.81% | +2.76%+3.64% | +6.27%+4.51% | n/a+4.67% |
| Max drawdown | USFI HYD | -3.48%-6.17% | -4.97%-6.77% | -6.44%-6.77% | n/a-19.44% |
| Max drawdown duration | USFI HYD | 89d92d | 359d102d | 216d102d | n/a1747d |
Trading data
USFI | HYD | |
Last sale 10/19/2026 at 1:30 PM | $48.52 | |
| Previous close 10/16/2026 | $48.74 | |
| 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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USFI
is actively managed and doesn’t replicate an indexUSFI | HYD | |
|---|---|---|
| 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
USFI | HYD | |
|---|---|---|
| Last price | – | $48.52 |
| 1D performance | – | -0.45% |
| AuM | $9.52 M | $4.35 B |
| E/R | 0.39% | 0.32% |
Characteristics
USFI | HYD | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Franklin Templeton | VanEck |
| Benchmark | - | ICE Broad High Yield Crossover Municipal Index |
| N° of holdings | 34 | 714 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | July 25, 2023 | February 4, 2009 |
| ESG | No | No |
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Exposure
Countries
USFI
USA
67.92%
Other
32.08%
HYD
USA
60.08%
Other
39.92%
Sectors
USFI
Sovereign
45.96%
Industrials
17.4%
Other
36.64%
HYD
Municipal
60.08%
Other
39.92%
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Diversification
USFI
Total weight of top 15 holdings out of 15
74.98%
HYD
Total weight of top 15 holdings out of 15
8.65%
Top 15 holdings
Data as of August 31, 2026
USFI
USA, TIPS 1.25% 15apr2031, USD (X-2031)
22.86%
USA, Notes FRN 30apr2028, USD (BB-2028)
9.53%
USA, Notes 4.25% 15aug2035, USD (E-2035)
5.45%
US91282CRF04
4.85%
USA, TIPS 2.375% 15feb2056, USD
4.85%
US36180AAG85
3.41%
G2 MB0873, 6% 20jan2056, USD (ABS)
3.41%
USA, Notes FRN 31jul2028, USD (BF-2028)
3.28%
US3618N5VR78
2.85%
US3618N5RF86
2.79%
G2 MA9780, 6% 20jul2054, USD (ABS)
2.72%
US912810UW61
2.52%
G2 MA9669, 6% 20may2054, USD (ABS)
2.30%
US102104AA49
2.10%
US36179YKT00
2.08%
HYD
Puerto Rico Sales Tax Financing Corp., 0% 1jul2046, USD (10001D)
1.01%
Chicago Board of Education, 5% 1dec2042, USD (2012A)
0.79%
Tobacco Settlement Financing Corp. (NJ), 5% 1jun2046, USD (2018B)
0.74%
New York Transportation Development Corp., 5% 1jul2046, USD (2016A)
0.63%
Buckeye Tobacco Settlement Financing Authority, 5% 1jun2055, USD (2020B-2)
0.62%
Puerto Rico Sales Tax Financing Corp., 4.75% 1jul2053, USD
0.61%
Chicago Board of Education, 5.25% 1dec2039, USD (2015C)
0.55%
Florida Development Finance Corp., 5% 1jul2044, USD (2024)
0.52%
New York Transportation Development Corp., 5.25% 1jan2050, USD (2016A)
0.48%
Puerto Rico Sales Tax Financing Corp., 5% 1jul2058, USD
0.47%
US442349GA89
0.47%
Arkansas Development Finance Authority, 5.45% 1sep2052, USD (2022)
0.45%
California Municipal Finance Authority, 4% 15jul2029, USD (2019)
0.44%
Iowa Finance Authority, 4.75% 1aug2042, USD (2012)
0.44%
California Statewide Communities Development Authority, 5.25% 1dec2056, USD (2016A)
0.44%
Frequently asked questions about USFI and HYD
How have the USFI and HYD ETFs performed in 2026?
As of October 16, 2026, USFI is down -2.88% year-to-date (YTD), while HYD has lost -1.57%. That puts HYD better performer ahead so far this year.
Which ETF is attracting more investor money: USFI or HYD?
Year-to-date, the USFI ETF saw -$4M in flows, compared to +$535M for HYD.
Which ETF is more volatile: USFI or HYD?
Over the past year, USFI had a volatility of 2.76%, while HYD experienced 3.64%.
Which ETF is bigger: USFI or HYD?
As of October 16, 2026, USFI holds $9.52 M in assets under management (AUM), while HYD manages $4.35 B.
What sectors do the USFI and HYD ETFs invest in?
USFI leans toward sectors like Sovereign and Industrials. Meanwhile, HYD focuses on Municipal.
What are the top holdings of the USFI ETF and HYD ETF?
USFI top holdings include USA, TIPS 1.25% 15apr2031, USD (X-2031), USA, Notes FRN 30apr2028, USD (BB-2028) and USA, Notes 4.25% 15aug2035, USD (E-2035). HYD holds in its top three: Puerto Rico Sales Tax Financing Corp., 0% 1jul2046, USD (10001D), Chicago Board of Education, 5% 1dec2042, USD (2012A) and Tobacco Settlement Financing Corp. (NJ), 5% 1jun2046, USD (2018B).
Which ETF is more diversified: USFI or HYD?
USFI holds 59 securities with 74.98% of its assets in the top 15. HYD has 1443 securities and a top 15 weight of 8.65%.
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