HYGvsSPHYETF Comparison
VS
ETF 2
SPHY
State Street SPDR Portfolio High Yield Bond ETF
This fund is part of
US Corporate HY Bonds
-0.04%
iShares iBoxx $ High Yield Corporate Bond ETF (HYG) 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. Both ETFs have the same top 3 sector exposures: Finance, Consumer Services and Industrials. HYG is more expensive with a Total Expense Ratio (TER) of 0.49%, versus 0.05% for SPHY. HYG is down -0.35% year-to-date (YTD) with -$2.50B in YTD flows. SPHY performs better with 0.09% YTD performance, and +$1.88B in YTD flows. Run a side-by-side ETF comparison of HYG 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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HYG vs SPHY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HYG SPHY | -1.17%-1.26% | -1.52%-1.43% | -0.35%+0.09% | +0.92%+1.41% | +27.08%+28.21% | +17.22%+20.38% |
| Flows | HYG SPHY | +$1.47B+$44M | +$987M+$600M | -$2.50B+$1.88B | -$2.03B+$2.37B | +$4.64B+$9.82B | -$1.54B+$11.77B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HYG SPHY | +3.37%+2.94% | +3.09%+2.71% | +3.72%+3.19% | +5.57%+4.64% |
| Max drawdown | HYG SPHY | -2.98%-2.80% | -2.98%-2.80% | -3.71%-3.97% | -15.34%-14.44% |
| Max drawdown duration | HYG SPHY | 57d57d | 57d57d | 72d75d | 798d715d |
Trading data
HYG | SPHY | |
Last sale 10/26/2026 at 1:30 PM | $77.20 | $22.53 |
| Previous close 10/23/2026 | $77.05 | $22.49 |
| Consolidated volume 10/23/2026 | ||
| 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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HYG | 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 10/26/2026 at 1:30 PM
Live
Closed
HYG | SPHY | |
|---|---|---|
| Last price | $77.20 | $22.53 |
| 1D performance | +0.19% | +0.18% |
| AuM | $16.58 B | $11.73 B |
| E/R | 0.49% | 0.05% |
Characteristics
HYG | SPHY | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | State Street Investment Management |
| Benchmark | Markit iBoxx USD Liquid High Yield Index | ICE BofA US High Yield Index |
| N° of holdings | 1298 | 1857 |
| Asset class | Bonds | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 4, 2007 | June 18, 2012 |
| ESG | No | No |
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Exposure
Countries
HYG
USA
87.01%
Other
12.99%
SPHY
USA
84.81%
Other
15.19%
Sectors
HYG
Finance
17.45%
Consumer Services
13.26%
Industrials
9.37%
Energy
8.74%
Non-Energy Materi.
7.89%
Business Services
7.42%
Other
35.88%
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
HYG
Total weight of top 15 holdings out of 15
6.2%
SPHY
Total weight of top 15 holdings out of 15
4.27%
Top 15 holdings
Data as of August 31, 2026
HYG
BlackRock Cash Funds - Treasury
1.35%
1261229 B.C., 10% 15apr2032, USD
0.53%
Meridian Arc HoldCo, 6.25% 30apr2031, USD
0.47%
EchoStar, 10.75% 30nov2029, USD
0.45%
PR RNO Property Owner 1, 6.5% 1may2031, USD
0.35%
Quikrete Holdings, 6.375% 1mar2032, USD
0.34%
Cloud Software Group, 6.5% 31mar2029, USD
0.33%
Cloud Software Group, 9% 30sep2029, USD
0.32%
Galaxy Helios Data Center II, 9.875% 1aug2031, USD
0.31%
Asurion LLC, 8% 31dec2032, USD
0.31%
Hub International, 7.25% 15jun2030, USD
0.30%
SV RNO Property Owner 1, 5.875% 1mar2031, USD
0.29%
RP Escrow Issuer, 7.125% 1jun2031, USD
0.29%
Nexstar Media, 6.5% 15sep2033, USD
0.28%
WULF Compute, 7.75% 15oct2030, USD
0.28%
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 HYG and SPHY
How have the HYG and SPHY ETFs performed in 2026?
As of October 23, 2026, HYG is down -0.35% year-to-date (YTD), while SPHY has returned 0.09%. That puts SPHY better performer ahead so far this year.
Which ETF is attracting more investor money: HYG or SPHY?
Year-to-date, the HYG ETF saw -$2.50B in flows, compared to +$1.88B for SPHY.
Which ETF is more volatile: HYG or SPHY?
Over the past year, HYG had a volatility of 3.09%, while SPHY experienced 2.71%.
Which ETF is bigger: HYG or SPHY?
As of October 23, 2026, HYG holds $16.58 B in assets under management (AUM), while SPHY manages $11.73 B.
What sectors do the HYG and SPHY ETFs invest in?
HYG leans toward sectors like Finance, Consumer Services and Industrials. Meanwhile, SPHY focuses on Finance, Consumer Services and Industrials.
What are the top holdings of the HYG ETF and SPHY ETF?
HYG top holdings include BlackRock Cash Funds - Treasury, 1261229 B.C., 10% 15apr2032, USD and Meridian Arc HoldCo, 6.25% 30apr2031, 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: HYG or SPHY?
HYG holds 1316 securities with 6.2% of its assets in the top 15. SPHY has 1883 securities and a top 15 weight of 4.27%.
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