IBHGvsSPHYETF Comparison
ETF 1
IBHG
iShares iBonds 2027 Term High Yield and Income ETF
This fund is part of
US Corporate HY Bonds
-0.14%
VS
ETF 2
SPHY
State Street SPDR Portfolio High Yield Bond ETF
This fund is part of
US Corporate HY Bonds
-0.14%
iShares iBonds 2027 Term High Yield and Income ETF (IBHG) and State Street SPDR Portfolio High Yield Bond ETF (SPHY) belong to the same industry segment: US Corporate HY Bonds. IBHG's top 3 sector exposures are Consumer Services, Finance and Consumer Cyclicals. In contrast, SPHY's top sector exposures are Finance, Consumer Services and Industrials. IBHG is more expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.05% for SPHY. IBHG is up 1.89% year-to-date (YTD) with +$123M in YTD flows. SPHY performs worse with 0.14% YTD performance, and +$1.84B in YTD flows. Run a side-by-side ETF comparison of IBHG 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.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
IBHG 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. | IBHG SPHY | +0.13%-1.62% | +0.36%-1.97% | +1.89%+0.14% | +2.89%+1.56% | +24.58%+27.16% | +19.50%+20.38% |
| Flows | IBHG SPHY | +$1M-$865K | +$38M+$695M | +$123M+$1.84B | +$182M+$2.74B | +$494M+$9.79B | +$531M+$11.74B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IBHG SPHY | +0.74%+3.00% | +0.97%+2.70% | +2.15%+3.21% | +4.22%+4.64% |
| Max drawdown | IBHG SPHY | -0.38%-2.79% | -0.58%-2.79% | -2.28%-3.97% | -13.38%-14.44% |
| Max drawdown duration | IBHG SPHY | 51d50d | 70d50d | 34d75d | 716d715d |
Trading data
IBHG | SPHY | |
Last sale 10/19/2026 at 1:30 PM | $21.78 | $22.44 |
| Previous close 10/16/2026 | $21.76 | $22.45 |
| Consolidated volume 10/16/2026 | ||
| 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
Create an account to view replication metrics
Join for free
IBHG | SPHY | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Main metrics
Last update 10/19/2026 at 1:30 PM
Live
Closed
IBHG | SPHY | |
|---|---|---|
| Last price | $21.78 | $22.44 |
| 1D performance | +0.09% | -0.04% |
| AuM | $532.32 M | $11.70 B |
| E/R | 0.35% | 0.05% |
Characteristics
IBHG | SPHY | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | State Street Investment Management |
| Benchmark | Bloomberg 2027 Term High Yield and Income Index | ICE BofA US High Yield Index |
| N° of holdings | 385 | 1857 |
| Asset class | Fixed Income | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | July 9, 2021 | June 18, 2012 |
| ESG | No | No |
Advertisement
Exposure
Countries
IBHG
USA
83.44%
Other
16.56%
SPHY
USA
84.81%
Other
15.19%
Sectors
IBHG
Consumer Services
24.84%
Finance
24.54%
Consumer Cyclical.
11.13%
Technology
8.15%
Other
31.34%
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%
Advertisement
Diversification
IBHG
Total weight of top 15 holdings out of 15
31.57%
SPHY
Total weight of top 15 holdings out of 15
4.27%
Top 15 holdings
Data as of August 31, 2026
IBHG
BlackRock Cash Funds - Treasury
3.04%
SS&C Technologies, 5.5% 30sep2027, USD
2.93%
Rakuten Group, 11.25% 15feb2027, USD
2.75%
Nissan Motor, 4.345% 17sep2027, USD
2.53%
Icahn Enterprises, 5.25% 15may2027, USD
2.42%
Tenet Healthcare, 5.125% 1nov2027, USD
2.09%
Sirius XM Holdings, 5% 1aug2027, USD
2.05%
Global Aircraft Leasing, 8.75% 1sep2027, USD
1.93%
Iron Mountain, 4.875% 15sep2027, USD
1.86%
IQVIA Holdings, 5% 15may2027, USD
1.82%
CCO Holdings, 5.125% 1may2027, USD
1.69%
Boyd Gaming, 4.75% 1dec2027, USD
1.65%
Live Nation Entertainment, 6.5% 15may2027, USD
1.64%
Prime Security Services Borrower, 3.375% 31aug2027, USD
1.64%
Gen Digital, 6.75% 30sep2027, USD
1.52%
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 IBHG and SPHY
How have the IBHG and SPHY ETFs performed in 2026?
As of October 16, 2026, IBHG is up 1.89% year-to-date (YTD), while SPHY has returned 0.14%. That puts IBHG better performer ahead so far this year.
Which ETF is attracting more investor money: IBHG or SPHY?
Year-to-date, the IBHG ETF saw +$123M in flows, compared to +$1.84B for SPHY.
Which ETF is more volatile: IBHG or SPHY?
Over the past year, IBHG had a volatility of 0.97%, while SPHY experienced 2.7%.
Which ETF is bigger: IBHG or SPHY?
As of October 16, 2026, IBHG holds $532.32 M in assets under management (AUM), while SPHY manages $11.70 B.
What sectors do the IBHG and SPHY ETFs invest in?
IBHG leans toward sectors like Consumer Services, Finance and Consumer Cyclicals. Meanwhile, SPHY focuses on Finance, Consumer Services and Industrials.
What are the top holdings of the IBHG ETF and SPHY ETF?
IBHG top holdings include BlackRock Cash Funds - Treasury, SS&C Technologies, 5.5% 30sep2027, USD and Rakuten Group, 11.25% 15feb2027, 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: IBHG or SPHY?
IBHG holds 386 securities with 31.57% of its assets in the top 15. SPHY has 1883 securities and a top 15 weight of 4.27%.
Advertisement
Advertisement
