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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
16.5 %

41 positions appear in both funds. Buying equal dollars of FALN and HYG would leave roughly 16.5% of each dollar exposed to the same underlying securities.

FALN only 94.9% Shared 16.5% HYG only 96.6%
In FALN only
121 positions
Shared
41 positions
In HYG only
1,299 positions

Side by side

FALN

iShares Fallen Angels USD Bond ETF

iShares · US High Yield Bond

66 composite / 100
Expense ratio
0.25%
Net assets
$1.63B
TTM yield
6.46%
Top-10 conc.
30.1%
HYG

iShares iBoxx $ High Yield Corporate Bond ETF

iShares · US High Yield Bond

68 composite / 100
Expense ratio
0.49%
Net assets
$17.63B
TTM yield
5.90%
Top-10 conc.
19.1%

Sub-score comparison

75
Cost
51
45
Tax efficiency
46
66
Liquidity
100
71
Concentration
87
—
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

41 shared in total
# Holding In FALN In HYG Overlap
1 BlackRock Funds III 14.14% 15.84% 14.14%
2 NISSAN MOTOR CO 1.05% 0.24% 0.24%
3 NISSAN MOTOR CO 1.00% 0.20% 0.20%
4 VODAFONE GROUP PLC 2.99% 0.20% 0.20%
5 GFL ENVIRONMENTAL INC 2.15% 0.10% 0.10%
6 CELANESE US HOLDINGS LLC 0.61% 0.10% 0.10%
7 CELANESE US HOLDINGS LLC 0.60% 0.10% 0.10%
8 CELANESE US HOLDINGS LLC 0.61% 0.09% 0.09%
9 CELANESE US HOLDINGS LLC 0.48% 0.08% 0.08%
10 CELANESE US HOLDINGS LLC 0.45% 0.07% 0.07%
11 NISSAN MOTOR ACCEPTANCE 0.32% 0.06% 0.06%
12 PERRIGO FINANCE UNLIMITE 1.47% 0.06% 0.06%

Only in FALN

121 total
  • RESORTS WORLD/RWLV CAP 1.84%
  • FLUOR CORP 1.25%
  • TRANSOCEAN INTERNTNL LTD 1.22%
  • HORIZON MUTUAL HOLDINGS 1.18%
  • NEWELL BRANDS INC 1.18%
  • BOMBARDIER INC 1.18%
  • NORDSTROM INC 1.10%
  • NAVIENT CORP 1.05%
  • LIBERTY MUTUAL GROUP INC 1.02%
  • ROCKIES EXPRESS PIPELINE 0.92%

Only in HYG

1,299 total
  • 1261229 BC LTD 0.52%
  • QUIKRETE HOLDINGS INC 0.39%
  • ASURION LLC/ASURION CO 0.35%
  • CLOUD SOFTWARE GRP INC 0.35%
  • CLOUD SOFTWARE GRP INC 0.35%
  • DISH NETWORK CORP 0.34%
  • ECHOSTAR CORP 0.32%
  • WULF COMPUTE LLC 0.31%
  • HUB INTERNATIONAL LTD 0.30%
  • PANTHER ESCROW ISSUER 0.29%

Open FALN or HYG at a brokerage

Both funds trade commission-free at major US brokerages.

Open at Fidelity

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.