HYDBvsSPHYETF Comparison
VS
ETF 2
SPHY
State Street SPDR Portfolio High Yield Bond ETF
This fund is part of
US Corporate HY Bonds
-0.14%
iShares High Yield Systematic Bond ETF (HYDB) and State Street SPDR Portfolio High Yield Bond ETF (SPHY) belong to the same industry segment: US Corporate HY Bonds. HYDB's top 3 sector exposures are Finance, Energy and Industrials. In contrast, SPHY's top sector exposures are Finance, Consumer Services and Industrials. HYDB is more expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.05% for SPHY. HYDB is down -0.84% year-to-date (YTD) with -$41M 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 HYDB 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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HYDB 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. | HYDB SPHY | -2.20%-1.62% | -2.54%-1.97% | -0.84%+0.14% | +0.77%+1.56% | +26.88%+27.16% | +21.37%+20.38% |
| Flows | HYDB SPHY | -$42M-$865K | -$42M+$695M | -$41M+$1.84B | -$56M+$2.74B | +$1.40B+$9.79B | +$1.46B+$11.74B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HYDB SPHY | +3.27%+3.00% | +2.94%+2.70% | +3.57%+3.21% | +4.75%+4.64% |
| Max drawdown | HYDB SPHY | -3.32%-2.79% | -3.32%-2.79% | -4.67%-3.97% | -13.75%-14.44% |
| Max drawdown duration | HYDB SPHY | 50d50d | 50d50d | 93d75d | 706d715d |
Trading data
HYDB | SPHY | |
Last sale 10/16/2026 at 1:30 PM | $44.51 | $22.45 |
| Previous close 10/15/2026 | $44.73 | $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 September 30, 2026
1-year trailing difference
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HYDB | 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
HYDB | SPHY | |
|---|---|---|
| Last price | $44.51 | $22.45 |
| 1D performance | -0.49% | -0.36% |
| AuM | $1.52 B | $11.70 B |
| E/R | 0.35% | 0.05% |
Characteristics
HYDB | SPHY | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | State Street Investment Management |
| Benchmark | BlackRock High Yield Defensive Bond Index | ICE BofA US High Yield Index |
| N° of holdings | 245 | 1857 |
| Asset class | Fixed Income | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | July 11, 2017 | June 18, 2012 |
| ESG | No | No |
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Exposure
Countries
HYDB
USA
85.53%
Other
14.47%
SPHY
USA
84.81%
Other
15.19%
Sectors
HYDB
Finance
17.8%
Energy
14.33%
Industrials
10.7%
Consumer Services
10.68%
Non-Energy Materi.
10.62%
Consumer Cyclical.
10.24%
Other
25.64%
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
HYDB
Total weight of top 15 holdings out of 15
12.43%
SPHY
Total weight of top 15 holdings out of 15
4.27%
Top 15 holdings
Data as of August 31, 2026
HYDB
BlackRock Cash Funds - Treasury
1.59%
US55342UAR59
1.10%
Warner Bros. Discovery, 4.279% 15mar2032, USD
0.76%
Paramount Global, 6.875% 30apr2036, USD
0.76%
Comstock Resources, 6.75% 1mar2029, USD
0.76%
AMC Networks, 10.5% 15jul2032, USD
0.75%
Galaxy Helios Data Center II, 9.875% 1aug2031, USD
0.75%
Post Holdings, 6.5% 15mar2036, USD
0.75%
Surgery Center Holdings, 7.25% 15apr2032, USD
0.75%
Talen Energy Supply, 6.5% 1feb2036, USD
0.75%
APLD ComputeCo 3, 7% 15jun2031, USD
0.74%
Rocket Mortgage, 3.875% 1mar2031, USD
0.74%
Caesars Entertainment, 6% 15oct2032, USD
0.74%
DaVita, 4.625% 1jun2030, USD
0.74%
Venture Global LNG, 9.875% 1feb2032, USD
0.74%
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 HYDB and SPHY
How have the HYDB and SPHY ETFs performed in 2026?
As of October 16, 2026, HYDB is down -0.84% 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: HYDB or SPHY?
Year-to-date, the HYDB ETF saw -$41M in flows, compared to +$1.84B for SPHY.
Which ETF is more volatile: HYDB or SPHY?
Over the past year, HYDB had a volatility of 2.94%, while SPHY experienced 2.7%.
Which ETF is bigger: HYDB or SPHY?
As of October 16, 2026, HYDB holds $1.52 B in assets under management (AUM), while SPHY manages $11.70 B.
What sectors do the HYDB and SPHY ETFs invest in?
HYDB leans toward sectors like Finance, Energy and Industrials. Meanwhile, SPHY focuses on Finance, Consumer Services and Industrials.
What are the top holdings of the HYDB ETF and SPHY ETF?
HYDB top holdings include BlackRock Cash Funds - Treasury, US55342UAR59 and Warner Bros. Discovery, 4.279% 15mar2032, 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: HYDB or SPHY?
HYDB holds 248 securities with 12.43% of its assets in the top 15. SPHY has 1883 securities and a top 15 weight of 4.27%.
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