FLHYvsSPHYETF Comparison
VS
ETF 2
SPHY
State Street SPDR Portfolio High Yield Bond ETF
This fund is part of
US Corporate HY Bonds
-0.14%
Franklin High Yield Corporate ETF (FLHY) belongs to the Intl HY Bonds segment. State Street SPDR Portfolio High Yield Bond ETF (SPHY) is part of the US Corporate HY Bonds segment. FLHY's top 3 sector exposures are Finance, Industrials and Consumer Services. In contrast, SPHY's top sector exposures are Finance, Consumer Services and Industrials. FLHY is more expensive with a Total Expense Ratio (TER) of 0.4%, versus 0.05% for SPHY. FLHY is down -3.45% year-to-date (YTD) with +$572M in YTD flows. SPHY performs better with 0.14% YTD performance, and +$1.84B in YTD flows. Run a side-by-side ETF comparison of FLHY and SPHY below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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FLHY vs SPHY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FLHY SPHY | -2.08%-1.62% | -3.53%-1.97% | -3.45%+0.14% | -2.71%+1.56% | +20.55%+27.16% | +6.57%+20.38% |
| Flows | FLHY SPHY | -$13M-$865K | +$46M+$695M | +$572M+$1.84B | +$642M+$2.74B | +$1.02B+$9.79B | +$979M+$11.74B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FLHY SPHY | +3.58%+3.00% | +3.23%+2.70% | +3.34%+3.21% | +4.68%+4.64% |
| Max drawdown | FLHY SPHY | -4.08%-2.79% | -4.82%-2.79% | -4.82%-3.97% | -18.64%-14.44% |
| Max drawdown duration | FLHY SPHY | 50d50d | 240d50d | 240d75d | 1008d715d |
Trading data
FLHY | SPHY | |
Last sale 10/16/2026 at 1:30 PM | $23.34 | $22.45 |
| Previous close 10/15/2026 | $23.39 | $22.53 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 19, 2026
1-year trailing difference
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FLHY
is actively managed and doesn’t replicate an indexFLHY | SPHY | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
FLHY | SPHY | |
|---|---|---|
| Last price | $23.34 | $22.45 |
| 1D performance | -0.21% | -0.36% |
| AuM | $1.22 B | $11.70 B |
| E/R | 0.4% | 0.05% |
Characteristics
FLHY | SPHY | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Franklin Templeton | State Street Investment Management |
| Benchmark | - | ICE BofA US High Yield Index |
| N° of holdings | 279 | 1857 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 30, 2018 | June 18, 2012 |
| ESG | No | No |
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Exposure
Countries
FLHY
USA
82.48%
Other
17.52%
SPHY
USA
84.81%
Other
15.19%
Sectors
FLHY
Finance
16.64%
Industrials
15.12%
Consumer Services
13.56%
Energy
12.97%
Non-Energy Materi.
8.29%
Other
33.42%
SPHY
Finance
17.06%
Consumer Services
11.72%
Industrials
11.31%
Energy
9.31%
Non-Energy Materi.
8.35%
Business Services
7.01%
Other
35.25%
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Diversification
FLHY
Total weight of top 15 holdings out of 15
12.82%
SPHY
Total weight of top 15 holdings out of 15
4.27%
Top 15 holdings
Data as of August 31, 2026
FLHY
Archrock Partners, 6% 1feb2034, USD
1.00%
DaVita, 4.625% 1jun2030, USD
0.97%
Industrial F&B Investments III, 7.75% 11feb2033, USD
0.91%
DexKo Global, 7.5% 15apr2032, USD
0.89%
Leeward Renewable Energy Operating, 4.25% 1jul2029, USD
0.88%
PetSmart, 7.5% 15sep2032, USD
0.88%
US28201XAB10
0.85%
Mohegan Gaming & Entertainment, 8.25% 15apr2030, USD
0.84%
Beach Acquisition Bidco, 10% 15jul2033, USD
0.83%
Fortress Intermediate 3, 7.5% 1jun2031, USD
0.83%
Froneri Lux Finco, 6% 1aug2032, USD
0.81%
Kedrion, 6.5% 1sep2029, USD
0.80%
A&K Travel Group Holdings, 7.5% 15may2033, USD
0.79%
Clydesdale Acquisition Holdings, 6.75% 15apr2032, USD
0.79%
Banijay Entertainment, 8.125% 1may2029, USD
0.77%
SPHY
1261229 B.C., 10% 15apr2032, USD
0.47%
Meridian Arc HoldCo, 6.25% 30apr2031, USD
0.40%
EchoStar, 10.75% 30nov2029, USD
0.38%
PR RNO Property Owner 1, 6.5% 1may2031, USD
0.32%
Cloud Software Group, 6.5% 31mar2029, USD
0.29%
Cloud Software Group, 9% 30sep2029, USD
0.26%
RP Escrow Issuer, 7.125% 1jun2031, USD
0.26%
Quikrete Holdings, 6.375% 1mar2032, USD
0.25%
Nexstar Media, 6.5% 15sep2033, USD
0.25%
SV RNO Property Owner 1, 5.875% 1mar2031, USD
0.25%
Galaxy Helios Data Center II, 9.875% 1aug2031, USD
0.24%
TransDigm, 6.625% 1mar2032, USD
0.24%
American Airlines, 5.75% 20apr2029, USD
0.23%
Asurion LLC, 8% 31dec2032, USD
0.23%
Asurion LLC, 8.375% 1feb2034, USD
0.22%
Frequently asked questions about FLHY and SPHY
How have the FLHY and SPHY ETFs performed in 2026?
As of October 16, 2026, FLHY is down -3.45% year-to-date (YTD), while SPHY has returned 0.14%. That puts SPHY better performer ahead so far this year.
Which ETF is attracting more investor money: FLHY or SPHY?
Year-to-date, the FLHY ETF saw +$572M in flows, compared to +$1.84B for SPHY.
Which ETF is more volatile: FLHY or SPHY?
Over the past year, FLHY had a volatility of 3.23%, while SPHY experienced 2.7%.
Which ETF is bigger: FLHY or SPHY?
As of October 16, 2026, FLHY holds $1.22 B in assets under management (AUM), while SPHY manages $11.70 B.
What sectors do the FLHY and SPHY ETFs invest in?
FLHY leans toward sectors like Finance, Industrials and Consumer Services. Meanwhile, SPHY focuses on Finance, Consumer Services and Industrials.
What are the top holdings of the FLHY ETF and SPHY ETF?
FLHY top holdings include Archrock Partners, 6% 1feb2034, USD, DaVita, 4.625% 1jun2030, USD and Industrial F&B Investments III, 7.75% 11feb2033, USD. SPHY holds in its top three: 1261229 B.C., 10% 15apr2032, USD, Meridian Arc HoldCo, 6.25% 30apr2031, USD and EchoStar, 10.75% 30nov2029, USD.
Which ETF is more diversified: FLHY or SPHY?
FLHY holds 285 securities with 12.82% of its assets in the top 15. SPHY has 1883 securities and a top 15 weight of 4.27%.
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