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Compare iShares U.S. High Yield Bond Index ETF (XHY) vs BMO High Yield US Corporate Bond Hedged to CAD Index ETF (ZHY) to find the best fit for your portfolio. XHY provides Finance, Consumer Services, and Industrials exposures, while ZHY is primarily weighted in Finance, Industrials, and Energy. When evaluating costs, XHY features a management fee (MER) of 0.5%, compared to 0.55% for ZHY. Performance-wise, XHY has returned 1.46% year-to-date with +$337 M in net flows, whereas ZHY is at 1.77% with +$119 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
ZHY
| AuM | $1,228.64 M | $1,471.58 M |
| Management Fees | 0.50% | 0.55% |
| Exp. ratio | 0.56% | 0.61% |
| Tracking Difference | -0.27% | -0.66% |
Historical performance and flows
As of October 26, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XHY | -0.03% | -1.75% | -1.46% | -0.91% | +21.97% |
ZHY | -0.19% | -2.03% | -1.77% | -1.25% | +20.90% | |
| Flows | XHY | +$61 M | +$114 M | +$337 M | +$372 M | +$889 M |
ZHY | +$1 M | +$10 M | +$119 M | +$357 M | +$609 M |
XHY vs ZHY exposure
Countries
XHY
USA
85.65%
Other
14.35%
ZHY
USA
86.61%
Other
13.39%
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%
ZHY
Finance
18.45%
Industrials
11.81%
Energy
10.59%
Consumer Services
9.21%
Non-Energy Materials
8.48%
Business Services
7.66%
Other
33.80%
As of October 26, 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%
ZHY
1261229 B.C., 10% 15apr2032, USD
0.64%
EchoStar, 10.75% 30nov2029, USD
0.61%
Meridian Arc HoldCo, 6.25% 30apr2031, USD
0.57%
PR RNO Property Owner 1, 6.5% 1may2031, USD
0.45%
Quikrete Holdings, 6.375% 1mar2032, USD
0.41%
Cloud Software Group, 6.5% 31mar2029, USD
0.41%
Cloud Software Group, 9% 30sep2029, USD
0.39%
SV RNO Property Owner 1, 5.875% 1mar2031, USD
0.37%
Galaxy Helios Data Center II, 9.875% 1aug2031, USD
0.37%
Nexstar Media, 6.5% 15sep2033, USD
0.36%
Diversification
XHY
Total weight of top 10 holdings out of 1,310 total
3.77%
ZHY
Total weight of top 10 holdings out of 1,056 total
4.58%
Characteristics
Compare
XHY
ZHY
| Provider | iShares | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Markit iBoxx USD Liquid High Yield Index - CAD Hedged | Bloomberg Capital U.S. High Yield Very Liquid CAD Hedged Total Return Index - CAD |
| Replication Method | Direct (Physical) | Other |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 6.38% | 6.82% |
| Meets ESG criteria | No | No |
| Inception Date | January 21, 2010 | October 20, 2009 |
Frequently asked questions about XHY and ZHY
Which ETF has performed better year to date: XHY or ZHY?
As of October 26, 2026, XHY has returned -1.46% year to date, while ZHY has returned -1.77%. XHY is ahead on YTD performance.
Which ETF is larger by assets under management: XHY or ZHY?
As of October 26, 2026, XHY manages $1.23 B in assets, while ZHY manages $1.47 B. ZHY is the larger fund by AUM.
How are XHY and ZHY managed?
XHY is passively managed by iShares. It tracks the Markit iBoxx USD Liquid High Yield Index - CAD Hedged benchmark. ZHY is passively managed by BMO. It tracks the Bloomberg Capital U.S. High Yield Very Liquid CAD Hedged Total Return Index - CAD benchmark.
What sectors do XHY and ZHY emphasize?
XHY is most exposed to Finance, Consumer Services, and Industrials. ZHY is most exposed to Finance, Industrials, and Energy.
Which ETF is attracting more investor flows: XHY or ZHY?
Year to date, XHY has seen +$336.58 M in net flows, compared with +$118.54 M for ZHY. XHY has attracted more net investor money so far.
How do the fees of XHY and ZHY compare?
XHY has an expense ratio of 0.56%, while ZHY has an expense ratio of 0.61%.
What are the top holdings of XHY and ZHY?
XHY's largest holdings include 1261229 B.C., 10% 15apr2032, USD and Meridian Arc HoldCo, 6.25% 30apr2031, USD. ZHY's top holdings include 1261229 B.C., 10% 15apr2032, USD and EchoStar, 10.75% 30nov2029, USD.
Which ETF is more diversified: XHY or ZHY?
XHY holds 1292 securities, while ZHY holds 1047. On holdings count, XHY is the more diversified portfolio.
Recent articles about XHY and ZHY
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