HYGVvsSPHYETF Comparison
ETF 1
HYGV
FlexShares High Yield Value-Scored Bond Index Fund ETF
This fund is part of
US Corporate HY Bonds
-0.04%
VS
ETF 2
SPHY
State Street SPDR Portfolio High Yield Bond ETF
This fund is part of
US Corporate HY Bonds
-0.04%
FlexShares High Yield Value-Scored Bond Index Fund ETF (HYGV) and State Street SPDR Portfolio High Yield Bond ETF (SPHY) belong to the same industry segment: US Corporate HY Bonds. Both ETFs have the same top 3 sector exposures: Finance, Consumer Services and Industrials. HYGV is more expensive with a Total Expense Ratio (TER) of 0.38%, versus 0.05% for SPHY. HYGV is up 3.1% year-to-date (YTD) with -$75M in YTD flows. SPHY performs worse with 2.72% YTD performance, and +$1.72B in YTD flows. Run a side-by-side ETF comparison of HYGV 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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HYGV vs SPHY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/31/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HYGV SPHY | +1.25%+0.99% | +1.53%+1.05% | +3.10%+2.72% | +5.73%+5.19% | +25.79%+27.79% | +18.75%+23.31% |
| Flows | HYGV SPHY | -$22M+$371M | -$18M+$1.02B | -$75M+$1.72B | -$144M+$3.10B | -$175M+$10.19B | +$811M+$11.69B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HYGV SPHY | +2.24%+2.09% | +2.80%+2.49% | +3.64%+3.25% | +5.11%+4.61% |
| Max drawdown | HYGV SPHY | -0.60%-0.70% | -2.52%-2.19% | -4.70%-3.97% | -16.74%-14.44% |
| Max drawdown duration | HYGV SPHY | 18d28d | 62d50d | 91d75d | 866d715d |
Trading data
HYGV | SPHY | |
Last sale 9/1/2026 at 1:30 PM | $39.87 | $23.14 |
| Previous close 08/31/2026 | $40.23 | $23.35 |
| Consolidated volume 08/31/2026 | ||
| 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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HYGV | 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 9/1/2026 at 1:30 PM
Live
Closed
HYGV | SPHY | |
|---|---|---|
| Last price | $39.87 | $23.14 |
| 1D performance | -0.91% | -0.90% |
| AuM | $1.08 B | $12.02 B |
| E/R | 0.38% | 0.05% |
Characteristics
HYGV | SPHY | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | FlexShares | State Street Investment Management |
| Benchmark | Northern Trust High Yield Value-Scored US Corporate Bond Index | ICE BofA US High Yield Index |
| N° of holdings | 984 | 1897 |
| Asset class | Fixed Income | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | July 17, 2018 | June 18, 2012 |
| ESG | No | No |
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Exposure
Countries
HYGV
USA
83.57%
Other
16.43%
SPHY
USA
85.68%
Other
14.32%
Sectors
HYGV
Finance
17.36%
Consumer Services
11.86%
Industrials
11.62%
Consumer Cyclical.
9.96%
Energy
9.58%
Non-Energy Materi.
7.5%
Other
32.12%
SPHY
Finance
17.48%
Consumer Services
11.89%
Industrials
11.35%
Energy
9.29%
Non-Energy Materi.
8.44%
Business Services
7.19%
Other
34.37%
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Diversification
HYGV
Total weight of top 15 holdings out of 15
10.31%
SPHY
Total weight of top 15 holdings out of 15
4.14%
Top 15 holdings
Data as of July 31, 2026
HYGV
Tenneco, 8% 17nov2028, USD
1.34%
MPT Operating Partnership, 5% 15oct2027, USD
1.08%
Carvana, 14% 1jun2031, USD
0.76%
National Mentor Holdings, 10.5% 15dec2030, USD
0.76%
1261229 B.C., 10% 15apr2032, USD
0.69%
Moss Creek Resources, 8.25% 1sep2031, USD
0.65%
Caesars Entertainment, 6% 15oct2032, USD
0.64%
Rithm Capital, 8% 1apr2029, USD
0.59%
Nissan Motor, 8.125% 17jul2035, USD
0.59%
BellRing Brands, Inc., 7% 15mar2030, USD
0.59%
Novelis Corp, 4.75% 30jan2030, USD
0.55%
Carvana, 13% 1jun2030, USD
0.55%
Millrose Properties, 6.375% 1aug2030, USD
0.52%
Calumet Specialty Products Partners, 9.75% 15feb2031, USD
0.52%
Warner Bros. Discovery, 5.05% 15mar2042, USD
0.50%
SPHY
1261229 B.C., 10% 15apr2032, USD
0.42%
Meridian Arc HoldCo, 6.25% 30apr2031, USD
0.38%
EchoStar, 10.75% 30nov2029, USD
0.38%
PR RNO Property Owner 1, 6.5% 1may2031, USD
0.28%
Cloud Software Group, 6.5% 31mar2029, USD
0.27%
Cloud Software Group, 9% 30sep2029, USD
0.27%
Quikrete Holdings, 6.375% 1mar2032, USD
0.25%
RP Escrow Issuer, 7.125% 1jun2031, USD
0.25%
Core Scientific Finance I, 7.75% 15may2031, USD
0.24%
Nexstar Media, 6.5% 15sep2033, USD
0.24%
SV RNO Property Owner 1, 5.875% 1mar2031, USD
0.24%
Centene, 4.625% 15dec2029, USD
0.23%
TransDigm, 6.625% 1mar2032, USD
0.23%
American Airlines, 5.75% 20apr2029, USD
0.23%
Galaxy Helios Data Center II, 9.875% 1aug2031, USD
0.23%
Frequently asked questions about HYGV and SPHY
How have the HYGV and SPHY ETFs performed in 2026?
As of August 31, 2026, HYGV is up 3.1% year-to-date (YTD), while SPHY has returned 2.72%. That puts HYGV better performer ahead so far this year.
Which ETF is attracting more investor money: HYGV or SPHY?
Year-to-date, the HYGV ETF saw -$75M in flows, compared to +$1.72B for SPHY.
Which ETF is more volatile: HYGV or SPHY?
Over the past year, HYGV had a volatility of 2.8%, while SPHY experienced 2.49%.
Which ETF is bigger: HYGV or SPHY?
As of August 31, 2026, HYGV holds $1.08 B in assets under management (AUM), while SPHY manages $12.02 B.
What sectors do the HYGV and SPHY ETFs invest in?
HYGV 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 HYGV ETF and SPHY ETF?
HYGV top holdings include Tenneco, 8% 17nov2028, USD, MPT Operating Partnership, 5% 15oct2027, USD and Carvana, 14% 1jun2031, 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: HYGV or SPHY?
HYGV holds 987 securities with 10.31% of its assets in the top 15. SPHY has 1908 securities and a top 15 weight of 4.14%.
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