VS
iShares U.S. High Yield Bond Index ETF (XHY) and iShares U.S. IG Corporate Bond Index ETF (XCBU) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XHY focuses its top 3 sector exposures on Finance, Consumer Services, and Industrials, while XCBU leans towards Finance, Technology, and Healthcare. When evaluating costs, XHY features a management fee (MER) of 0.5%, compared to 0.3% for XCBU. Performance-wise, XHY has returned 1.66% year-to-date with +$335 M in net flows, whereas XCBU is at 0.06% with -$1 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
XHY
XCBU
| AuM | $1,224.50 M | $4.20 M |
| Management Fees | 0.50% | 0.30% |
| Exp. ratio | 0.56% | 0.32% |
| Tracking Difference | -0.27% | - |
Historical performance and flows
As of October 22, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XHY | -1.90% | -2.30% | -1.66% | -0.63% | +21.78% |
XCBU | -0.55% | -1.38% | -0.06% | -3.21% | +22.00% | |
| Flows | XHY | +$101 M | +$148 M | +$335 M | +$377 M | +$888 M |
XCBU | -$1 M | -$1 M | -$1 M | -$1 M | +$3 M |
XHY vs XCBU exposure
Countries
XHY
USA
85.65%
Other
14.35%
XCBU
USA
85.19%
Other
14.81%
Sectors
XHY
Finance
17.32%
Consumer Services
13.32%
Industrials
9.39%
Energy
8.65%
Non-Energy Materials
7.98%
Business Services
7.24%
Other
36.10%
XCBU
Finance
32.39%
Technology
13.62%
Healthcare
10.12%
Energy
7.97%
Telecommunications
7.87%
Other
28.03%
As of October 22, 2026
Top 10 Holdings
XHY
1261229 B.C., 10% 15apr2032, USD
0.51%
Meridian Arc HoldCo, 6.25% 30apr2031, USD
0.48%
EchoStar, 10.75% 30nov2029, USD
0.43%
PR RNO Property Owner 1, 6.5% 1may2031, USD
0.36%
Cloud Software Group, 9% 30sep2029, USD
0.36%
Quikrete Holdings, 6.375% 1mar2032, USD
0.34%
Cloud Software Group, 6.5% 31mar2029, USD
0.33%
Nexstar Media, 6.5% 15sep2033, USD
0.33%
Centene, 4.625% 15dec2029, USD
0.32%
Asurion LLC, 8% 31dec2032, USD
0.30%
XCBU
BlackRock Cash Funds - Treasury
1.04%
Anheuser-Busch, 4.9% 1feb2046, USD
0.18%
CVS Health, 5.05% 25mar2048, USD
0.18%
Space Exploration Technologies, 5.35% 15jul2031, USD
0.17%
T-Mobile USA, 3.875% 15apr2030, USD
0.17%
Meta Platforms, 4.875% 15nov2035, USD
0.16%
US161175CU68
0.15%
US161175CV42
0.15%
Amazon.com, 4.875% 13mar2036, USD
0.15%
Goldman Sachs, 6.75% 1oct2037, USD
0.14%
Diversification
XHY
Total weight of top 10 holdings out of 1,310 total
3.77%
XCBU
Total weight of top 10 holdings out of 3,138 total
2.51%
Characteristics
Compare
XHY
XCBU
| Provider | iShares | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | Markit iBoxx USD Liquid High Yield Index - CAD Hedged | Markit iBoxx USD Liquid Investment Grade Index - USD |
| Replication Method | Direct (Physical) | Other |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 6.39% | 3.94% |
| Meets ESG criteria | No | No |
| Inception Date | January 21, 2010 | July 6, 2021 |
Frequently asked questions about XHY and XCBU
Which ETF has performed better year to date: XHY or XCBU?
As of October 22, 2026, XHY has returned -1.66% year to date, while XCBU has returned -0.06%. XCBU is ahead on YTD performance.
Which ETF is larger by assets under management: XHY or XCBU?
As of October 22, 2026, XHY manages $1.22 B in assets, while XCBU manages $4.20 M. XHY is the larger fund by AUM.
How are XHY and XCBU managed?
XHY is passively managed by iShares. It tracks the Markit iBoxx USD Liquid High Yield Index - CAD Hedged benchmark. XCBU is passively managed by iShares. It tracks the Markit iBoxx USD Liquid Investment Grade Index - USD benchmark.
What sectors do XHY and XCBU emphasize?
XHY is most exposed to Finance, Consumer Services, and Industrials. XCBU is most exposed to Finance, Technology, and Healthcare.
Which ETF is attracting more investor flows: XHY or XCBU?
Year to date, XHY has seen +$335.01 M in net flows, compared with -$0.87 M for XCBU. XHY has attracted more net investor money so far.
How do the fees of XHY and XCBU compare?
XHY has an expense ratio of 0.56%, while XCBU has an expense ratio of 0.32%.
What are the top holdings of XHY and XCBU?
XHY's largest holdings include 1261229 B.C., 10% 15apr2032, USD and Meridian Arc HoldCo, 6.25% 30apr2031, USD. XCBU's top holdings include BlackRock Cash Funds - Treasury and Anheuser-Busch, 4.9% 1feb2046, USD.
Which ETF is more diversified: XHY or XCBU?
XHY holds 1292 securities, while XCBU holds 3089. On holdings count, XCBU is the more diversified portfolio.
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All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.