PHYLvsSPHYETF Comparison
VS
ETF 2
SPHY
State Street SPDR Portfolio High Yield Bond ETF
This fund is part of
US Corporate HY Bonds
-0.14%
PGIM Active High Yield Bond ETF (PHYL) belongs to the Intl HY Bonds segment. State Street SPDR Portfolio High Yield Bond ETF (SPHY) is part of the US Corporate HY Bonds segment. PHYL's top 3 sector exposures are Finance, Industrials and Non-Energy Materials. In contrast, SPHY's top sector exposures are Finance, Consumer Services and Industrials. PHYL is more expensive with a Total Expense Ratio (TER) of 0.4%, versus 0.05% for SPHY. PHYL is down -0.2% year-to-date (YTD) with +$647M 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 PHYL 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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PHYL vs SPHY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PHYL SPHY | -1.24%-1.62% | -2.09%-1.97% | -0.20%+0.14% | +1.27%+1.56% | +28.07%+27.16% | +18.16%+20.38% |
| Flows | PHYL SPHY | +$96M-$865K | +$228M+$695M | +$647M+$1.84B | +$1.08B+$2.74B | +$1.46B+$9.79B | +$1.52B+$11.74B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PHYL SPHY | +3.23%+3.00% | +2.99%+2.70% | +3.40%+3.21% | +4.84%+4.64% |
| Max drawdown | PHYL SPHY | -2.97%-2.79% | -2.97%-2.79% | -3.82%-3.97% | -15.81%-14.44% |
| Max drawdown duration | PHYL SPHY | 49d50d | 49d50d | 71d75d | 812d715d |
Trading data
PHYL | SPHY | |
Last sale 10/19/2026 at 7:50 PM | $33.46 | $22.45 |
| Previous close 10/16/2026 | $33.49 | $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 October 19, 2026
1-year trailing difference
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PHYL
is actively managed and doesn’t replicate an indexPHYL | 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 10/19/2026 at 7:50 PM
Live
Closed
PHYL | SPHY | |
|---|---|---|
| Last price | $33.46 | $22.45 |
| 1D performance | -0.10% | -0.02% |
| AuM | $1.49 B | $11.70 B |
| E/R | 0.4% | 0.05% |
Characteristics
PHYL | SPHY | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | PGIM | State Street Investment Management |
| Benchmark | - | ICE BofA US High Yield Index |
| N° of holdings | 742 | 1857 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 24, 2018 | June 18, 2012 |
| ESG | No | No |
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Exposure
Countries
PHYL
USA
85.05%
Other
14.95%
SPHY
USA
84.81%
Other
15.19%
Sectors
PHYL
Finance
15.78%
Industrials
15.47%
Non-Energy Materi.
10.34%
Energy
8.27%
Consumer Services
7.29%
Other
42.85%
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
PHYL
Total weight of top 15 holdings out of 15
9.72%
SPHY
Total weight of top 15 holdings out of 15
4.27%
Top 15 holdings
Data as of August 31, 2026
PHYL
PGIM Core Government Money Market Fund
1.82%
TransDigm, 6.75% 15aug2028, USD
0.95%
Tenneco, 8% 17nov2028, USD
0.63%
Meridian Arc HoldCo, 6.25% 30apr2031, USD
0.61%
Level 3 Parent, 8.5% 15jan2036, USD
0.60%
CoreWeave, 9.25% 1jun2030, USD
0.54%
DaVita, 4.625% 1jun2030, USD
0.53%
Trident TPI Holdings, 12.75% 31dec2028, USD
0.53%
SV RNO Property Owner 1, 5.875% 1mar2031, USD
0.53%
Allied Universal HoldCo, 6.875% 15jun2030, USD
0.52%
USA, Notes 4.125% 30jun2028, USD (BD-2028)
0.49%
Tenet Healthcare, 4.375% 15jan2030, USD
0.49%
Herc Holdings, 6.625% 15jun2029, USD
0.49%
PR RNO Property Owner 1, 6.5% 1may2031, USD
0.49%
Prime Healthcare Services, 9.375% 1sep2029, USD
0.48%
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 PHYL and SPHY
How have the PHYL and SPHY ETFs performed in 2026?
As of October 15, 2026, PHYL is down -0.2% 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: PHYL or SPHY?
Year-to-date, the PHYL ETF saw +$647M in flows, compared to +$1.84B for SPHY.
Which ETF is more volatile: PHYL or SPHY?
Over the past year, PHYL had a volatility of 2.99%, while SPHY experienced 2.7%.
Which ETF is bigger: PHYL or SPHY?
As of October 15, 2026, PHYL holds $1.49 B in assets under management (AUM), while SPHY manages $11.70 B.
What sectors do the PHYL and SPHY ETFs invest in?
PHYL leans toward sectors like Finance, Industrials and Non-Energy Materials. Meanwhile, SPHY focuses on Finance, Consumer Services and Industrials.
What are the top holdings of the PHYL ETF and SPHY ETF?
PHYL top holdings include PGIM Core Government Money Market Fund, TransDigm, 6.75% 15aug2028, USD and Tenneco, 8% 17nov2028, 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: PHYL or SPHY?
PHYL holds 1039 securities with 9.72% of its assets in the top 15. SPHY has 1883 securities and a top 15 weight of 4.27%.
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