IBHIvsSPHYETF Comparison
ETF 1
IBHI
iShares iBonds 2029 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 2029 Term High Yield and Income ETF (IBHI) 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. IBHI is more expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.05% for SPHY. IBHI is up 1.49% year-to-date (YTD) with +$214M 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 IBHI 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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IBHI 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. | IBHI SPHY | -0.77%-1.62% | -0.55%-1.97% | +1.49%+0.14% | +3.01%+1.56% | +29.66%+27.16% | n/a+20.38% |
| Flows | IBHI SPHY | +$32M-$865K | +$56M+$695M | +$214M+$1.84B | +$272M+$2.74B | +$541M+$9.79B | -+$11.74B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IBHI SPHY | +2.19%+3.00% | +2.32%+2.70% | +3.45%+3.21% | n/a+4.64% |
| Max drawdown | IBHI SPHY | -1.71%-2.79% | -1.80%-2.79% | -4.59%-3.97% | n/a-14.44% |
| Max drawdown duration | IBHI SPHY | 50d50d | 71d50d | 91d75d | n/a715d |
Trading data
IBHI | SPHY | |
Last sale 10/16/2026 at 1:30 PM | $22.80 | $22.45 |
| Previous close 10/15/2026 | $22.85 | $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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IBHI | 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
IBHI | SPHY | |
|---|---|---|
| Last price | $22.80 | $22.45 |
| 1D performance | -0.22% | -0.36% |
| AuM | $535.56 M | $11.70 B |
| E/R | 0.35% | 0.05% |
Characteristics
IBHI | SPHY | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | State Street Investment Management |
| Benchmark | Bloomberg 2029 Term High Yield and Income Index | ICE BofA US High Yield Index |
| N° of holdings | 360 | 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
IBHI
USA
87.61%
Other
12.39%
SPHY
USA
84.81%
Other
15.19%
Sectors
IBHI
Finance
19.28%
Consumer Services
12.87%
Industrials
11.69%
Energy
10.04%
Business Services
9.24%
Technology
8.15%
Other
28.72%
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
IBHI
Total weight of top 15 holdings out of 15
18.02%
SPHY
Total weight of top 15 holdings out of 15
4.27%
Top 15 holdings
Data as of August 31, 2026
IBHI
BlackRock Cash Funds - Treasury
2.13%
EchoStar, 10.75% 30nov2029, USD
2.07%
Cloud Software Group, 6.5% 31mar2029, USD
1.55%
Cloud Software Group, 9% 30sep2029, USD
1.48%
Centene, 4.625% 15dec2029, USD
1.31%
Venture Global LNG, 9.5% 1feb2029, USD
1.24%
TransDigm, 6.375% 1mar2029, USD
1.15%
American Airlines, 5.75% 20apr2029, USD
1.06%
Neptune BidCo US, 9.29% 15apr2029, USD
1.05%
Mozart Debt Merger Sub, 5.25% 1oct2029, USD
0.98%
Staples, 10.75% 1sep2029, USD
0.91%
Rakuten Group, 9.75% 15apr2029, USD
0.89%
Connect Finco SARL, 9% 15sep2029, USD
0.83%
Imola Merger Corp, 4.75% 15may2029, USD
0.75%
NCR Atleos, 9.5% 1apr2029, USD
0.62%
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 IBHI and SPHY
How have the IBHI and SPHY ETFs performed in 2026?
As of October 16, 2026, IBHI is up 1.49% year-to-date (YTD), while SPHY has returned 0.14%. That puts IBHI better performer ahead so far this year.
Which ETF is attracting more investor money: IBHI or SPHY?
Year-to-date, the IBHI ETF saw +$214M in flows, compared to +$1.84B for SPHY.
Which ETF is more volatile: IBHI or SPHY?
Over the past year, IBHI had a volatility of 2.32%, while SPHY experienced 2.7%.
Which ETF is bigger: IBHI or SPHY?
As of October 16, 2026, IBHI holds $535.56 M in assets under management (AUM), while SPHY manages $11.70 B.
What sectors do the IBHI and SPHY ETFs invest in?
IBHI 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 IBHI ETF and SPHY ETF?
IBHI top holdings include BlackRock Cash Funds - Treasury, EchoStar, 10.75% 30nov2029, USD and Cloud Software Group, 6.5% 31mar2029, 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: IBHI or SPHY?
IBHI holds 361 securities with 18.02% of its assets in the top 15. SPHY has 1883 securities and a top 15 weight of 4.27%.
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