HYDBvsSPBOETF Comparison
VS
ETF 2
SPBO
State Street SPDR Portfolio Corporate Bond ETF
This fund is part of
US Corporate IG Bonds
+0.04%
iShares High Yield Systematic Bond ETF (HYDB) belongs to the US Corporate HY Bonds segment. State Street SPDR Portfolio Corporate Bond ETF (SPBO) is part of the US Corporate IG Bonds segment. HYDB's top 3 sector exposures are Finance, Energy and Non-Energy Materials. In contrast, SPBO's top sector exposures are Finance, Utilities and Technology. HYDB is more expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.03% for SPBO. HYDB is up 2.19% year-to-date (YTD) with -$22M in YTD flows. SPBO performs worse with -0.45% YTD performance, and +$414M in YTD flows. Run a side-by-side ETF comparison of HYDB and SPBO 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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HYDB vs SPBO performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HYDB SPBO | +0.63%-0.15% | +0.73%-1.31% | +2.19%-0.45% | +4.85%+2.17% | +28.40%+17.54% | +24.89%-0.48% |
| Flows | HYDB SPBO | +$5M+$65M | -$5M+$218M | -$22M+$414M | +$26M+$505M | +$1.42B+$1.47B | +$1.49B+$1.84B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HYDB SPBO | +2.31%+4.34% | +2.73%+4.12% | +3.60%+5.47% | +4.71%+6.62% |
| Max drawdown | HYDB SPBO | -0.77%-2.10% | -2.58%-2.85% | -4.67%-4.67% | -13.75%-22.26% |
| Max drawdown duration | HYDB SPBO | 28d65d | 50d185d | 93d280d | 706d1489d |
Trading data
HYDB | SPBO | |
Last sale 9/2/2026 at 7:59 PM | $46.19 | $28.30 |
| Previous close 09/02/2026 | $46.17 | $28.21 |
| Consolidated volume 09/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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HYDB | SPBO | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/2/2026 at 7:59 PM
Live
Closed
HYDB | SPBO | |
|---|---|---|
| Last price | $46.19 | $28.30 |
| 1D performance | +0.04% | +0.30% |
| AuM | $1.60 B | $2.14 B |
| E/R | 0.35% | 0.03% |
Characteristics
HYDB | SPBO | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | State Street Investment Management |
| Benchmark | BlackRock High Yield Defensive Bond Index | Bloomberg U.S. Corporate Bond Index |
| N° of holdings | 260 | 4129 |
| Asset class | Fixed Income | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | July 11, 2017 | April 6, 2011 |
| ESG | No | No |
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Exposure
Countries
HYDB
USA
85.44%
Other
14.56%
SPBO
USA
84.19%
Other
15.81%
Sectors
HYDB
Finance
19.03%
Energy
14.33%
Non-Energy Materi.
11%
Industrials
10.42%
Consumer Cyclical.
9.73%
Consumer Services
9.57%
Other
25.92%
SPBO
Finance
35.56%
Utilities
10.33%
Technology
9.56%
Healthcare
8.48%
Energy
7.11%
Other
28.96%
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Diversification
HYDB
Total weight of top 15 holdings out of 15
11.2%
SPBO
Total weight of top 15 holdings out of 15
2.4%
Top 15 holdings
Data as of July 31, 2026
HYDB
Venture Global LNG, 9.875% 1feb2032, USD
0.78%
Rakuten Group, 9.75% 15apr2029, USD
0.75%
Core Scientific Finance I, 7.75% 15may2031, USD
0.75%
WULF Compute, 7.75% 15oct2030, USD
0.75%
Venture Global LNG, 7.75% 1may2035, USD
0.75%
Paramount Global, 6.875% 30apr2036, USD
0.75%
Fair Isaac, 6.25% 15sep2034, USD
0.75%
Comstock Resources, 6.75% 1mar2029, USD
0.74%
Warner Bros. Discovery, 4.279% 15mar2032, USD
0.74%
JetBlue Airways, 9.875% 20sep2031, USD
0.74%
DaVita, 4.625% 1jun2030, USD
0.74%
Windstream Escrow, 8.25% 1oct2031, USD
0.74%
Beacon Roofing Supply, 6.75% 30apr2032, USD
0.74%
Post Holdings, 6.5% 15mar2036, USD
0.74%
Rocket Mortgage, 3.875% 1mar2031, USD
0.74%
SPBO
Citigroup, 4.91% 24may2033, USD
0.21%
Bank of America Corporation, 7.75% 14may2038, USD
0.20%
JP Morgan, 5.576% 23jul2036, USD
0.19%
Anheuser-Busch, 4.9% 1feb2046, USD
0.17%
British American Tobacco, 7.079% 2aug2043, USD
0.17%
Meta Platforms, 4.6% 15nov2032, USD
0.16%
Bank of America Corporation, 3.97% 5mar2029, USD (M)
0.16%
Bank of America Corporation, 3.419% 20dec2028, USD
0.15%
Goldman Sachs, 4.411% 23apr2039, USD
0.15%
CVS Health, 6% 1jun2044, USD
0.15%
Verizon Communications, 2.1% 22mar2028, USD
0.14%
T-Mobile USA, 3.875% 15apr2030, USD
0.14%
Amazon.com, 4% 13mar2029, USD
0.14%
Goldman Sachs, 3.814% 23apr2029, USD
0.13%
PepsiCo, 5% 23jul2035, USD
0.13%
Frequently asked questions about HYDB and SPBO
How have the HYDB and SPBO ETFs performed in 2026?
As of September 2, 2026, HYDB is up 2.19% year-to-date (YTD), while SPBO has lost -0.45%. That puts HYDB better performer ahead so far this year.
Which ETF is attracting more investor money: HYDB or SPBO?
Year-to-date, the HYDB ETF saw -$22M in flows, compared to +$414M for SPBO.
Which ETF is more volatile: HYDB or SPBO?
Over the past year, HYDB had a volatility of 2.73%, while SPBO experienced 4.12%.
Which ETF is bigger: HYDB or SPBO?
As of September 2, 2026, HYDB holds $1.60 B in assets under management (AUM), while SPBO manages $2.14 B.
What sectors do the HYDB and SPBO ETFs invest in?
HYDB leans toward sectors like Finance, Energy and Non-Energy Materials. Meanwhile, SPBO focuses on Finance, Utilities and Technology.
What are the top holdings of the HYDB ETF and SPBO ETF?
HYDB top holdings include Venture Global LNG, 9.875% 1feb2032, USD, Rakuten Group, 9.75% 15apr2029, USD and Core Scientific Finance I, 7.75% 15may2031, USD. SPBO holds in its top three: Citigroup, 4.91% 24may2033, USD, Bank of America Corporation, 7.75% 14may2038, USD and JP Morgan, 5.576% 23jul2036, USD.
Which ETF is more diversified: HYDB or SPBO?
HYDB holds 261 securities with 11.2% of its assets in the top 15. SPBO has 4135 securities and a top 15 weight of 2.4%.
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