IBHHvsSPHYETF Comparison
ETF 1
IBHH
iShares iBonds 2028 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 2028 Term High Yield and Income ETF (IBHH) and State Street SPDR Portfolio High Yield Bond ETF (SPHY) belong to the same industry segment: US Corporate HY Bonds. IBHH's top 3 sector exposures are Finance, Industrials and Consumer Services. In contrast, SPHY's top sector exposures are Finance, Consumer Services and Industrials. IBHH is more expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.05% for SPHY. IBHH is up 2.44% year-to-date (YTD) with +$75M 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 IBHH 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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IBHH 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. | IBHH SPHY | -0.12%-1.62% | +0.22%-1.97% | +2.44%+0.14% | +3.74%+1.56% | +28.79%+27.16% | n/a+20.38% |
| Flows | IBHH SPHY | +$18M-$865K | +$25M+$695M | +$75M+$1.84B | +$153M+$2.74B | +$459M+$9.79B | -+$11.74B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IBHH SPHY | +1.27%+3.00% | +1.43%+2.70% | +2.65%+3.21% | n/a+4.64% |
| Max drawdown | IBHH SPHY | -0.88%-2.79% | -0.98%-2.79% | -3.23%-3.97% | n/a-14.44% |
| Max drawdown duration | IBHH SPHY | 50d50d | 42d50d | 68d75d | n/a715d |
Trading data
IBHH | SPHY | |
Last sale 10/16/2026 at 1:30 PM | $23.10 | $22.45 |
| Previous close 10/15/2026 | $23.15 | $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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IBHH | 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
IBHH | SPHY | |
|---|---|---|
| Last price | $23.10 | $22.45 |
| 1D performance | -0.22% | -0.36% |
| AuM | $470.99 M | $11.70 B |
| E/R | 0.35% | 0.05% |
Characteristics
IBHH | SPHY | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | State Street Investment Management |
| Benchmark | Bloomberg 2028 Term High Yield and Income Index | ICE BofA US High Yield Index |
| N° of holdings | 205 | 1857 |
| Asset class | Fixed Income | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 8, 2022 | June 18, 2012 |
| ESG | No | No |
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Exposure
Countries
IBHH
USA
89.22%
Other
10.78%
SPHY
USA
84.81%
Other
15.19%
Sectors
IBHH
Finance
18.16%
Industrials
15.74%
Consumer Services
12.54%
Non-Energy Materi.
11.97%
Business Services
7.66%
Healthcare
7%
Other
26.93%
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
IBHH
Total weight of top 15 holdings out of 15
21.52%
SPHY
Total weight of top 15 holdings out of 15
4.27%
Top 15 holdings
Data as of August 31, 2026
IBHH
BlackRock Cash Funds - Treasury
3.39%
CCO Holdings, 5% 1feb2028, USD
1.88%
Centene, 2.45% 15jul2028, USD
1.61%
TransDigm, 6.75% 15aug2028, USD
1.58%
Organon & Co., 4.125% 30apr2028, USD
1.56%
Sirius XM Radio Inc, 4% 15jul2028, USD
1.47%
Tenneco, 8% 17nov2028, USD
1.43%
United Rentals (North America), 4.875% 15jan2028, USD
1.26%
Tenet Healthcare, 6.125% 1oct2028, USD
1.19%
Bausch + Lomb, 8.375% 1oct2028, USD
1.14%
Avantor Funding, 4.625% 15jul2028, USD
1.14%
Wynn Macau, 5.625% 26aug2028, USD
0.99%
Newell Brands, 8.5% 1jun2028, USD
0.98%
Alliant Holdings Intermediate, 6.75% 15apr2028, USD
0.96%
Allied Universal HoldCo, 4.625% 1jun2028, USD
0.92%
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 IBHH and SPHY
