SCYBvsSPHYETF Comparison
VS
ETF 2
SPHY
State Street SPDR Portfolio High Yield Bond Index ETF
This fund is part of
US Corporate HY Bonds
+0.03%
Schwab High Yield Bond ETF (SCYB) and State Street SPDR Portfolio High Yield Bond Index 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. SCYB is less expensive with a Total Expense Ratio (TER) of 0.03%, versus 0.05% for SPHY. SCYB is up 0.86% year-to-date (YTD) with +$841M in YTD flows. SPHY performs better with 0.94% YTD performance, and +$2.34B in YTD flows. Run a side-by-side ETF comparison of SCYB 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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SCYB vs SPHY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 11/11/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SCYB SPHY | +0.54%+0.49% | -1.39%-1.39% | +0.86%+0.94% | +2.10%+2.17% | +25.23%+26.02% | n/a+20.64% |
| Flows | SCYB SPHY | -$38M+$415M | +$75M+$596M | +$841M+$2.34B | +$991M+$2.79B | +$2.80B+$10.13B | -+$12.22B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SCYB SPHY | +3.31%+3.24% | +2.86%+2.79% | +3.25%+3.10% | n/a+4.65% |
| Max drawdown | SCYB SPHY | -2.84%-2.80% | -2.84%-2.80% | -3.88%-3.97% | n/a-14.44% |
| Max drawdown duration | SCYB SPHY | 76d76d | 76d76d | 72d75d | n/a715d |
Trading data
SCYB | SPHY | |
Last sale 11/13/2026 at 2:30 PM | $25.07 | $22.44 |
| Previous close 11/11/2026 | $25.08 | $22.45 |
| Consolidated volume 11/11/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of November 15, 2026
1-year trailing difference
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SCYB | 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 11/13/2026 at 2:30 PM
Live
Closed
SCYB | SPHY | |
|---|---|---|
| Last price | $25.07 | $22.44 |
| 1D performance | -0.04% | -0.04% |
| AuM | $2.74 B | $12.22 B |
| E/R | 0.03% | 0.05% |
Characteristics
SCYB | SPHY | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Schwab ETFs | State Street Investment Management |
| Benchmark | ICE BofA US Cash Pay High Yield Constrained Index | ICE BofA US High Yield Index |
| N° of holdings | 1242 | 1835 |
| Asset class | Fixed Income | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | July 11, 2023 | June 18, 2012 |
| ESG | No | No |
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Exposure
Countries
SCYB
USA
87.2%
Other
12.8%
SPHY
USA
82.52%
Other
17.48%
Sectors
SCYB
Finance
17.75%
Consumer Services
12.47%
Industrials
11.64%
Energy
8.31%
Technology
7.98%
Non-Energy Materi.
7.94%
Other
33.91%
SPHY
Finance
16.76%
Consumer Services
10.92%
Industrials
10.86%
Energy
9.31%
Non-Energy Materi.
8.36%
Business Services
7.03%
Other
36.77%
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Diversification
SCYB
Total weight of top 15 holdings out of 15
5.43%
SPHY
Total weight of top 15 holdings out of 15
4.3%
Top 15 holdings
Data as of September 30, 2026
SCYB
1261229 B.C., 10% 15apr2032, USD
0.65%
Meridian Arc HoldCo, 6.25% 30apr2031, USD
0.53%
PR RNO Property Owner 1, 6.5% 1may2031, USD
0.40%
Cloud Software Group, 9% 30sep2029, USD
0.37%
Quikrete Holdings, 6.375% 1mar2032, USD
0.37%
Cloud Software Group, 6.5% 31mar2029, USD
0.37%
Galaxy Helios Data Center II, 9.875% 1aug2031, USD
0.36%
Venture Global LNG, 9.5% 1feb2029, USD
0.33%
Oak-Eagle AcquireCo, 7.25% 1jul2033, USD
0.32%
Nexstar Media, 6.5% 15sep2033, USD
0.30%
Core Scientific Finance I, 7.75% 15may2031, USD
0.30%
Centene, 4.625% 15dec2029, USD
0.30%
Asurion LLC, 8% 31dec2032, USD
0.30%
SV RNO Property Owner 1, 5.875% 1mar2031, USD
0.28%
CCO Holdings, 4.5% 1may2032, USD
0.26%
SPHY
1261229 B.C., 10% 15apr2032, USD
0.49%
Meridian Arc HoldCo, 6.25% 30apr2031, USD
0.38%
EchoStar, 10.75% 30nov2029, USD
0.38%
Cloud Software Group, 6.5% 31mar2029, USD
0.29%
PR RNO Property Owner 1, 6.5% 1may2031, USD
0.28%
US83408KAB52
0.27%
Cloud Software Group, 9% 30sep2029, USD
0.26%
Quikrete Holdings, 6.375% 1mar2032, USD
0.26%
US83408KAC36
0.25%
Galaxy Helios Data Center II, 9.875% 1aug2031, USD
0.25%
RP Escrow Issuer, 7.125% 1jun2031, USD
0.24%
Oak-Eagle AcquireCo, 7.25% 1jul2033, USD
0.24%
SV RNO Property Owner 1, 5.875% 1mar2031, USD
0.24%
Nexstar Media, 6.5% 15sep2033, USD
0.23%
Hub International, 7.25% 15jun2030, USD
0.23%
Frequently asked questions about SCYB and SPHY
How have the SCYB and SPHY ETFs performed in 2026?
As of November 11, 2026, SCYB is up 0.86% year-to-date (YTD), while SPHY has returned 0.94%. That puts SPHY better performer ahead so far this year.
Which ETF is attracting more investor money: SCYB or SPHY?
Year-to-date, the SCYB ETF saw +$841M in flows, compared to +$2.34B for SPHY.
Which ETF is more volatile: SCYB or SPHY?
Over the past year, SCYB had a volatility of 2.86%, while SPHY experienced 2.79%.
Which ETF is bigger: SCYB or SPHY?
As of November 11, 2026, SCYB holds $2.74 B in assets under management (AUM), while SPHY manages $12.22 B.
What sectors do the SCYB and SPHY ETFs invest in?
SCYB 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 SCYB ETF and SPHY ETF?
SCYB top holdings include 1261229 B.C., 10% 15apr2032, USD, Meridian Arc HoldCo, 6.25% 30apr2031, USD and PR RNO Property Owner 1, 6.5% 1may2031, 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: SCYB or SPHY?
SCYB holds 1257 securities with 5.43% of its assets in the top 15. SPHY has 1903 securities and a top 15 weight of 4.3%.
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