IGEBvsSPHYETF Comparison
ETF 1
IGEB
iShares Investment Grade Systematic Bond ETF
This fund is part of
US Corporate IG Bonds
+0.03%
VS
ETF 2
SPHY
State Street SPDR Portfolio High Yield Bond ETF
This fund is part of
US Corporate HY Bonds
-0.14%
iShares Investment Grade Systematic Bond ETF (IGEB) belongs to the US Corporate IG Bonds segment. State Street SPDR Portfolio High Yield Bond ETF (SPHY) is part of the US Corporate HY Bonds segment. IGEB's top 3 sector exposures are Finance, Utilities and Energy. In contrast, SPHY's top sector exposures are Finance, Consumer Services and Industrials. IGEB is more expensive with a Total Expense Ratio (TER) of 0.18%, versus 0.05% for SPHY. IGEB is down -1.59% year-to-date (YTD) with +$40M in YTD flows. SPHY performs better with 0.14% YTD performance, and +$1.84B in YTD flows. Run a side-by-side ETF comparison of IGEB 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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IGEB 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. | IGEB SPHY | -0.20%-1.62% | -1.96%-1.97% | -1.59%+0.14% | -1.68%+1.56% | +19.79%+27.16% | +2.29%+20.38% |
| Flows | IGEB SPHY | -$4M-$865K | +$16M+$695M | +$40M+$1.84B | +$127M+$2.74B | +$1.23B+$9.79B | +$1.35B+$11.74B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IGEB SPHY | +4.50%+3.00% | +4.07%+2.70% | +5.05%+3.21% | +6.15%+4.64% |
| Max drawdown | IGEB SPHY | -3.35%-2.79% | -4.47%-2.79% | -4.47%-3.97% | -20.84%-14.44% |
| Max drawdown duration | IGEB SPHY | 92d50d | 229d50d | 229d75d | 1360d715d |
Trading data
IGEB | SPHY | |
Last sale 10/16/2026 at 1:30 PM | $43.20 | $22.45 |
| Previous close 10/15/2026 | $43.23 | $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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IGEB | 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
IGEB | SPHY | |
|---|---|---|
| Last price | $43.20 | $22.45 |
| 1D performance | -0.08% | -0.36% |
| AuM | $1.44 B | $11.70 B |
| E/R | 0.18% | 0.05% |
Characteristics
IGEB | SPHY | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | State Street Investment Management |
| Benchmark | BlackRock Investment Grade Enhanced Bond Index | ICE BofA US High Yield Index |
| N° of holdings | 445 | 1857 |
| Asset class | Fixed Income | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | July 11, 2017 | June 18, 2012 |
| ESG | No | No |
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Exposure
Countries
IGEB
USA
89.34%
Other
10.66%
SPHY
USA
84.81%
Other
15.19%
Sectors
IGEB
Finance
31.45%
Utilities
15.31%
Energy
12.14%
Technology
9.13%
Other
31.98%
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
IGEB
Total weight of top 15 holdings out of 15
7.82%
SPHY
Total weight of top 15 holdings out of 15
4.27%
Top 15 holdings
Data as of August 31, 2026
IGEB
BlackRock Cash Funds - Treasury
0.91%
Prudential Financial, 5.7% 15sep2048, USD
0.50%
Space Exploration Technologies, 5.65% 15jul2033, USD
0.50%
South Bow USA Infrastructure, 5.584% 1oct2034, USD
0.50%
Santander UK Group Holdings, 5.136% 22sep2036, USD
0.50%
HSBC Holdings plc, 3.973% 22may2030, USD
0.50%
KeyCorp, 6.401% 6mar2035, USD (S)
0.49%
Delta Air Lines, 5.25% 10jul2030, USD
0.49%
JP Morgan, 2.963% 25jan2033, USD
0.49%
JP Morgan, 6.875% perp., USD (NN)
0.49%
NextEra Energy Capital Holdings, 6.7% 1sep2054, USD (Q)
0.49%
Dominion Energy, 6.875% 1feb2055, USD (2024 Series A)
0.49%
Workday, 3.8% 1apr2032, USD
0.49%
Sprint Capital Corp, 8.75% 15mar2032, USD
0.49%
ServiceNow, 5.4% 15may2036, USD
0.49%
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 IGEB and SPHY
How have the IGEB and SPHY ETFs performed in 2026?
As of October 16, 2026, IGEB is down -1.59% year-to-date (YTD), while SPHY has returned 0.14%. That puts SPHY better performer ahead so far this year.
Which ETF is attracting more investor money: IGEB or SPHY?
Year-to-date, the IGEB ETF saw +$40M in flows, compared to +$1.84B for SPHY.
Which ETF is more volatile: IGEB or SPHY?
Over the past year, IGEB had a volatility of 4.07%, while SPHY experienced 2.7%.
Which ETF is bigger: IGEB or SPHY?
As of October 16, 2026, IGEB holds $1.44 B in assets under management (AUM), while SPHY manages $11.70 B.
What sectors do the IGEB and SPHY ETFs invest in?
IGEB leans toward sectors like Finance, Utilities and Energy. Meanwhile, SPHY focuses on Finance, Consumer Services and Industrials.
What are the top holdings of the IGEB ETF and SPHY ETF?
IGEB top holdings include BlackRock Cash Funds - Treasury, Prudential Financial, 5.7% 15sep2048, USD and Space Exploration Technologies, 5.65% 15jul2033, 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: IGEB or SPHY?
IGEB holds 449 securities with 7.82% of its assets in the top 15. SPHY has 1883 securities and a top 15 weight of 4.27%.
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