HYG vs PHYL
iShares iBoxx $ High Yield Corporate Bond ETF compared with PGIM Active High Yield Bond ETF on yield, payout growth, payment schedule, cost and risk.
HYG
iShares iBoxx $ High Yield Corporate Bond ETF
TTM yield · Monthly
PHYL
PGIM Active High Yield Bond ETF
TTM yield · Monthly
Quick take
- PHYL yields more today: 6.98% vs 5.99% (forward).
- Both pay every month.
- Over the last year HYG delivered the higher total return: +3.7% vs +3.4% (price change plus payouts).
- PHYL is cheaper to own: 0.39% vs 0.49% expense ratio.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | HYG | PHYL |
|---|---|---|
| Share price | $79.12 | $34.52 |
| TTM yield | 5.99% | 6.98% |
| Forward yield | 5.99% | 6.98% |
| Annual payout per share | $4.74 | $2.411 |
| Payment frequency | Monthly | Monthly |
| Next ex-date | Oct 1, 2026 (est.) | Sep 30, 2026 (est.) |
| Expense ratio | 0.49% | 0.39% |
| 1-year payout growth | — | — |
| 5-year payout CAGR | — | — |
| Consecutive years of increases | — | — |
| Payout consistency (last 12) | 95/100 | 91/100 |
| 1-year total return | +3.7% | +3.4% |
| 1-year price return | -2.2% | -3.3% |
| Size (market cap / AUM) | 16.2B | 1.4B |
| Years paying | 19.4 | 7.9 |
| Sector / category | High Yield Bond | High Yield Bond |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| HYG | PHYL | |
|---|---|---|
| Shares | 126.4 | 289.7 |
| Income per year | $599 | $698 |
| Income per month (avg) | $50 | $58 |
At forward yields, before taxes. Model HYG · Model PHYL
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| HYG Oct 1, 2026 | Oct 15, 2026 | $0.395 | Est. |
| HYG Oct 31, 2026 | Nov 14, 2026 | $0.395 | Est. |
| HYG Nov 30, 2026 | Dec 14, 2026 | $0.395 | Est. |
| PHYL Sep 30, 2026 | Oct 14, 2026 | $0.2009 | Est. |
| PHYL Oct 30, 2026 | Nov 13, 2026 | $0.2009 | Est. |
| PHYL Nov 29, 2026 | Dec 13, 2026 | $0.2009 | Est. |
Annual payouts per share
HYGPHYL
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, HYG or PHYL?
PHYL currently has the higher trailing yield: HYG yields 5.99% and PHYL yields 6.98%. Yield changes daily with price, so check the live figures above.
How often do HYG and PHYL pay?
HYG pays every month and PHYL pays every month. HYG's next ex-date is Oct 1, 2026 and PHYL's is Sep 30, 2026.
Is HYG or PHYL better for income?
It depends on what you are optimising for. HYG and PHYL differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.