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ETF comparison

FALN vs HYG

Both US High Yield Bond.

iShares Fallen Angels USD Bond ETF · iShares iBoxx $ High Yield Corporate Bond ETF

Holdings overlap

Weighted by ISIN/CUSIP
3.7 %

53 positions appear in both funds. Buying equal dollars of FALN and HYG would leave roughly 3.7% of each dollar exposed to the same underlying securities.

FALN unmatched 93.9% Shared 3.7% HYG unmatched 92.8%

Unmatched is the part of a fund's weight the other fund doesn't match: names only it holds, plus any extra weight it puts in names both funds hold.

In FALN only
105 positions
Shared
53 positions
In HYG only
1,263 positions

Side by side

FALN

iShares Fallen Angels USD Bond ETF

iShares · US High Yield Bond

69 composite / 100
Expense ratio
0.25%
Net assets
$1.72B
TTM yield
6.24%
Top-10 conc.
17.5%
HYG

iShares iBoxx $ High Yield Corporate Bond ETF

iShares · US High Yield Bond

70 composite / 100
Expense ratio
0.49%
Net assets
$17.71B
TTM yield
5.56%
Top-10 conc.
3.6%

Sub-score comparison

75
Cost
51
46
Tax efficiency
47
67
Liquidity
100
89
Concentration
100
—
Tracking quality
—
FALN sub-score HYG

Tracking quality isn't part of the composite — see what we don't score for why.

Cost difference

FALN is 24 bps cheaper than HYG. On a $100,000 position that's about $240/yr more in fees for HYG.

Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open the cost calculator pre-filled with FALN vs HYG.

Top shared holdings

53 shared in total
# Holding In FALN In HYG Overlap
1 CENTENE CORP 0.76% 0.26% 0.26%
2 NISSAN MOTOR CO 0.98% 0.20% 0.20%
3 CENTENE CORP 0.45% 0.20% 0.20%
4 NISSAN MOTOR CO 1.04% 0.19% 0.19%
5 CENTENE CORP 0.43% 0.19% 0.19%
6 CENTENE CORP 0.43% 0.18% 0.18%
7 VODAFONE GROUP PLC 2.98% 0.16% 0.16%
8 CENTENE CORP 0.26% 0.12% 0.12%
9 PARAMOUNT GLOBAL 0.36% 0.09% 0.09%
10 CELANESE US HOLDINGS LLC 0.62% 0.09% 0.09%
11 CELANESE US HOLDINGS LLC 0.61% 0.09% 0.09%
12 GFL ENVIRONMENTAL INC 2.14% 0.08% 0.08%

Only in FALN

105 total
  • RESORTS WORLD/RWLV CAP 1.89%
  • NEWELL BRANDS INC 1.28%
  • TRANSOCEAN INTERNTNL LTD 1.20%
  • BOMBARDIER INC 1.18%
  • NORDSTROM INC 1.11%
  • FLUOR CORP 1.05%
  • NAVIENT CORP 1.04%
  • SEALED AIR CORP 0.93%
  • ROCKIES EXPRESS PIPELINE 0.92%
  • NEWELL BRANDS INC 0.90%

Only in HYG

1,263 total
  • 1261229 BC LTD 0.50%
  • MERIDIAN ARC HOLDCO LLC 0.45%
  • ECHOSTAR CORP 0.43%
  • PR RNO PROPERTY OWNER 1 0.34%
  • QUIKRETE HOLDINGS INC 0.32%
  • CLOUD SOFTWARE GRP LLC 0.32%
  • CLOUD SOFTWARE GRP LLC 0.32%
  • GALAXY HELIOS DATA CNTR 0.30%
  • ASURION LLC/ASURION CO 0.29%
  • HUB INTERNATIONAL LTD 0.29%

Percentages are holdings overlap with the named fund.

Open FALN or HYG at a brokerage

Both funds trade commission-free at major US brokerages.

Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodology and funding disclosure.

Holdings overlap is the sum of min(weight_a, weight_b) over positions matched on ISIN (CUSIP fallback). Methodology: see /methodology/.

Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.