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ETF comparison

FALN vs USHY

Both US High Yield Bond.

iShares Fallen Angels USD Bond ETF · iShares Broad USD High Yield Corporate Bond ETF

Holdings overlap

Weighted by ISIN/CUSIP
16.3 %

125 positions appear in both funds. Buying equal dollars of FALN and USHY would leave roughly 16.3% of each dollar exposed to the same underlying securities.

FALN only 95.1% Shared 16.3% USHY only 92.9%
In FALN only
37 positions
Shared
125 positions
In USHY only
1,765 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%
USHY

iShares Broad USD High Yield Corporate Bond ETF

iShares · US High Yield Bond

85 composite / 100
Expense ratio
0.080%
Net assets
$28.48B
TTM yield
6.89%
Top-10 conc.
14.8%

Sub-score comparison

75
Cost
92
45
Tax efficiency
44
66
Liquidity
100
71
Concentration
93
—
Tracking quality
—
FALN sub-score USHY

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

Cost difference

USHY is 17 bps cheaper than FALN. On a $100,000 position that's about $170/yr more in fees for FALN.

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 USHY.

Top shared holdings

125 shared in total
# Holding In FALN In USHY Overlap
1 BlackRock Funds III 14.14% 12.12% 12.12%
2 NISSAN MOTOR CO 1.05% 0.16% 0.16%
3 NISSAN MOTOR CO 1.00% 0.15% 0.15%
4 VODAFONE GROUP PLC 2.99% 0.15% 0.15%
5 PARAMOUNT GLOBAL 0.37% 0.08% 0.08%
6 PARAMOUNT GLOBAL 0.30% 0.08% 0.08%
7 CELANESE US HOLDINGS LLC 0.60% 0.08% 0.08%
8 CELANESE US HOLDINGS LLC 0.61% 0.07% 0.07%
9 CELANESE US HOLDINGS LLC 0.61% 0.07% 0.07%
10 GFL ENVIRONMENTAL INC 2.15% 0.07% 0.07%
11 PARAMOUNT GLOBAL 0.27% 0.07% 0.07%
12 PARAMOUNT GLOBAL 0.28% 0.07% 0.07%

Only in FALN

37 total
  • RESORTS WORLD/RWLV CAP 1.84%
  • HORIZON MUTUAL HOLDINGS 1.18%
  • WILTON RE LTD 0.81%
  • CONSTELLATION INSURC INC 0.68%
  • GENWORTH HOLDINGS INC 0.52%
  • GLOBAL MARINE INC 0.52%
  • BELO CORP 0.52%
  • DISCOVERY HOLDINGS INC 0.51%
  • ALCOA NEDERLAND HOLDING 0.47%
  • PROVIDENT FINANCING TR I 0.46%

Only in USHY

1,765 total
  • 1261229 BC LTD 0.47%
  • ECHOSTAR CORP 0.41%
  • QUIKRETE HOLDINGS INC 0.28%
  • SV RNO PROPERTY OWNER 1 0.27%
  • CLOUD SOFTWARE GRP INC 0.26%
  • WULF COMPUTE LLC 0.25%
  • ASURION LLC/ASURION CO 0.25%
  • HUB INTERNATIONAL LTD 0.25%
  • CLOUD SOFTWARE GRP INC 0.25%
  • VENTURE GLOBAL LNG INC 0.23%

Open FALN or USHY 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.