Updated Reviewed quarterly
HYG vs SCHZ: ETF Comparison
HYG · iShares
TER 0.49% · Yield 6.0%
SCHZ · Schwab
TER 0.03% · Yield —
Both HYG and SCHZ are US-listed and trigger FIF tax for NZ residents above the NZ$50,000 overseas-share threshold. The comparison is about exposure, fee, and strategy — both share the same NZ tax friction.
In 30 seconds: HYG (iShares iBoxx $ High Yield Corporate Bond ETF, iShares) trades on the NYSE Arca at 0.49% TER. SCHZ (Schwab US Aggregate Bond ETF, Schwab) trades on the NYSE Arca at 0.03% TER. Both HYG and SCHZ are US-listed and trigger FIF tax for NZ residents above the NZ$50,000 overseas-share threshold. The comparison is about exposure, fee, and strategy — both share the same NZ tax friction.
- HYG: iShares iBoxx $ High Yield Corporate Bond ETF — 0.49% TER, FIF above NZ$50K
- SCHZ: Schwab US Aggregate Bond ETF — 0.03% TER, FIF above NZ$50K
- HYG yield: 6.0% (Monthly)
- SCHZ yield: not currently published
- Cheaper TER: SCHZ
Head-to-head comparison
| Feature | HYG | SCHZ |
|---|---|---|
| Fund | iShares iBoxx $ High Yield Corporate Bond ETF | Schwab US Aggregate Bond ETF |
| Issuer | iShares | Schwab |
| Exchange | NYSE Arca | NYSE Arca |
| Total expense ratio | 0.49% | 0.03% |
| Dividend yield (TTM) | 6.0% | — |
| Distribution frequency | Monthly | Monthly |
| NZ tax wrapper | FIF above NZ$50K | FIF above NZ$50K |
Where to buy
HYG trades on the NYSE Arca — buy via Hatch, Stake, Sharesies, Tiger and Interactive Brokers. SCHZ trades on the NYSE Arca — buy via Hatch, Stake, Sharesies, Tiger and Interactive Brokers. See all 11 NZ investment platforms compared.
Frequently asked questions
What is the difference between HYG and SCHZ?▾
HYG (iShares iBoxx $ High Yield Corporate Bond ETF) charges 0.49% TER vs SCHZ (Schwab US Aggregate Bond ETF) at 0.03%. HYG is from iShares; SCHZ is from Schwab. Both HYG and SCHZ are US-listed and trigger FIF tax for NZ residents above the NZ$50,000 overseas-share threshold. The comparison is about exposure, fee, and strategy — both share the same NZ tax friction.
Which has the lower fee, HYG or SCHZ?▾
SCHZ is cheaper at 0.03% TER vs HYG at 0.49% — a gap of 0.46 percentage points.
Which yields more, HYG or SCHZ?▾
Yield data for at least one fund is not currently published — check the issuer fact sheet for the latest trailing 12-month yield. Headline yield is gross; after-tax outcome depends on your tax wrapper (FIF above NZ$50K for HYG, FIF above NZ$50K for SCHZ).
Can NZ residents buy both HYG and SCHZ?▾
Yes. HYG is available via Hatch, Stake, Sharesies, Tiger and Interactive Brokers. SCHZ is available via Hatch, Stake, Sharesies, Tiger and Interactive Brokers.
How does NZ tax differ between HYG and SCHZ?▾
HYG is FIF above NZ$50K. SCHZ is FIF above NZ$50K. Same tax wrapper, no structural tax difference between the two for NZ residents. See /tax/pie-vs-fif/ for the full mechanics.
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