HYBXvsSPHYETF Comparison
VS
ETF 2
SPHY
State Street SPDR Portfolio High Yield Bond ETF
This fund is part of
US Corporate HY Bonds
-0.07%
TCW High Yield Bond ETF (HYBX) 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. HYBX's top 3 sector exposures are Consumer Services, Finance and Business Services. In contrast, SPHY's top sector exposures are Finance, Consumer Services and Industrials. HYBX is more expensive with a Total Expense Ratio (TER) of 0.5%, versus 0.05% for SPHY. HYBX is up 0.77% year-to-date (YTD) with -$6M in YTD flows. SPHY performs worse with 0.07% YTD performance, and +$1.83B in YTD flows. Run a side-by-side ETF comparison of HYBX 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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HYBX vs SPHY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/19/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HYBX SPHY | -1.72%-1.90% | -1.60%-2.01% | +0.77%+0.07% | +1.61%+1.41% | n/a+28.36% | n/a+20.24% |
| Flows | HYBX SPHY | -$575K-$19M | -$3M+$658M | -$6M+$1.83B | -$7M+$2.74B | -+$9.77B | -+$11.73B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HYBX SPHY | +2.90%+3.03% | +2.53%+2.70% | n/a+3.19% | n/a+4.64% |
| Max drawdown | HYBX SPHY | -2.52%-2.79% | -2.52%-2.79% | n/a-3.97% | n/a-14.44% |
| Max drawdown duration | HYBX SPHY | 53d53d | 53d53d | n/a75d | n/a715d |
Trading data
HYBX | SPHY | |
Last sale 10/19/2026 at 7:32 PM | $28.66 | $22.45 |
| Previous close 10/19/2026 | $28.67 | $22.44 |
| Consolidated volume 10/19/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 20, 2026
1-year trailing difference
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HYBX
is actively managed and doesn’t replicate an indexHYBX | 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 10/19/2026 at 7:32 PM
Live
Closed
HYBX | SPHY | |
|---|---|---|
| Last price | $28.66 | $22.45 |
| 1D performance | -0.04% | +0.04% |
| AuM | $27.36 M | $11.68 B |
| E/R | 0.5% | 0.05% |
Characteristics
HYBX | SPHY | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | TCW | State Street Investment Management |
| Benchmark | - | ICE BofA US High Yield Index |
| N° of holdings | 225 | 1857 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 15, 2024 | June 18, 2012 |
| ESG | No | No |
Exposure
Countries
HYBX
USA
83.08%
Other
16.92%
SPHY
USA
84.81%
Other
15.19%
Sectors
HYBX
Consumer Services
13.65%
Finance
12.49%
Business Services
9.76%
Utilities
8.13%
Energy
7.85%
Industrials
7.65%
Other
40.47%
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%
Diversification
HYBX
Total weight of top 15 holdings out of 15
16.39%
SPHY
Total weight of top 15 holdings out of 15
4.27%
Top 15 holdings
Data as of August 31, 2026
HYBX
Tcw Central Cash Fund
2.86%
CCO Holdings, 7.375% 1feb2036, USD
1.29%
1261229 B.C., 10% 15apr2032, USD
1.18%
EquipmentShare.com, 7.125% 1jul2034, USD
1.12%
Cloud Software Group, 8.25% 30jun2032, USD
1.06%
Warner Bros. Discovery, 5.05% 15mar2042, USD
1.02%
State Street Institutional US Government Money Market Fund
0.95%
Sunoco LP, 7.875% perp., USD (A)
0.93%
EchoStar, 10.75% 30nov2029, USD
0.90%
Alliant Energy, 5.75% 1apr2056, USD
0.89%
CenterPoint Energy, 5.95% 1apr2056, USD (D)
0.89%
GFL Environmental, 4% 1aug2028, USD
0.88%
Energy Transfer, 6.625% perp., USD (B)
0.84%
FirstCash Holdings, 6.875% 1mar2032, USD
0.83%
American Airlines, 5.75% 20apr2029, USD
0.76%
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 HYBX and SPHY
How have the HYBX and SPHY ETFs performed in 2026?
As of October 19, 2026, HYBX is up 0.77% year-to-date (YTD), while SPHY has returned 0.07%. That puts HYBX better performer ahead so far this year.
Which ETF is attracting more investor money: HYBX or SPHY?
Year-to-date, the HYBX ETF saw -$6M in flows, compared to +$1.83B for SPHY.
Which ETF is more volatile: HYBX or SPHY?
Over the past year, HYBX had a volatility of 2.53%, while SPHY experienced 2.7%.
Which ETF is bigger: HYBX or SPHY?
As of October 19, 2026, HYBX holds $27.36 M in assets under management (AUM), while SPHY manages $11.68 B.
What sectors do the HYBX and SPHY ETFs invest in?
HYBX leans toward sectors like Consumer Services, Finance and Business Services. Meanwhile, SPHY focuses on Finance, Consumer Services and Industrials.
What are the top holdings of the HYBX ETF and SPHY ETF?
HYBX top holdings include Tcw Central Cash Fund, CCO Holdings, 7.375% 1feb2036, USD and 1261229 B.C., 10% 15apr2032, 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: HYBX or SPHY?
HYBX holds 241 securities with 16.39% of its assets in the top 15. SPHY has 1883 securities and a top 15 weight of 4.27%.
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