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SCYBvsSPHYETF Comparison

ETF 1
SCYB

Schwab High Yield Bond ETF

This fund is part of
US Corporate HY Bonds
+0.04%
VS
ETF 2
SPHY

State Street SPDR Portfolio High Yield Bond ETF

This fund is part of
US Corporate HY Bonds
+0.04%

Schwab High Yield Bond ETF (SCYB) and State Street SPDR Portfolio High Yield Bond ETF (SPHY) belong to the same industry segment: US Corporate HY Bonds. SCYB's top 3 sector exposures are Media, It services and computer programming and Communication services. In contrast, SPHY's top sector exposures are Media, Communication services and Pipelines. SCYB is less expensive with a Total Expense Ratio (TER) of 0.03%, versus 0.05% for SPHY. SCYB is up 1.36% year-to-date (YTD) with +$479M in YTD flows. SPHY performs better with 1.41% YTD performance, and +$318M 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

0.00.20.40.60.8%Apr 8Apr 15Apr 22Apr 29May 6

Cumulative Flows

0 M100 M200 M300 M400 M500 M600 MApr 8Apr 15Apr 22Apr 29May 6

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Historic performance and flows
Data as of 05/08/2026
1M3MYTD1Y3Y5Y
Perf.
SCYB
SPHY
+0.63%+0.62%
+0.65%+0.62%
+1.36%+1.41%
+8.52%+8.68%
n/a+29.90%
n/a+24.41%
Flows
SCYB
SPHY
+$95M+$600M
+$208M+$6M
+$479M+$318M
+$1.44B+$2.96B
-+$9.56B
-+$10.44B
Volatility and drawdown
3M1Y3Y5Y
Volatility
SCYB
SPHY
+3.66%+3.50%
+2.61%+2.53%
n/a+3.40%
n/a+4.60%
Max drawdown
SCYB
SPHY
-2.22%-2.19%
-2.22%-2.19%
n/a-3.97%
n/a-14.44%
Max drawdown duration
SCYB
SPHY
50d50d
50d50d
n/a75d
n/a715d
Trading data

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SCYB
SPHY
Last sale
5/8/2026 at 1:30 PM
$26.21
$23.47
Previous close
05/07/2026
$26.14
$23.40
Consolidated volume
05/07/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of May 10, 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 5/8/2026 at 1:30 PM
Live
Closed
SCYB
SPHY
Last price
$26.21
$23.47
1D performance
+0.27%
+0.30%
AuM$2.49 B$10.68 B
E/R0.03%0.05%
Characteristics
SCYB
SPHY
Management strategyPassivePassive
ProviderSchwab ETFsState Street Investment Management
BenchmarkICE BofA US Cash Pay High Yield Constrained IndexICE BofA US High Yield Index
N° of holdings9491459
Asset classFixed IncomeFixed Income
Trailing 12m distribution yield
Join
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Inception dateJuly 11, 2023June 18, 2012
ESGNoNo
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Exposure

Countries

SCYB
USA
91.15%
Other
8.85%
SPHY
USA
87.51%
Other
12.49%

Sectors

SCYB
Other
100%
SPHY
Other
100%

Diversification

SCYB

Total weight of top 15 holdings out of 15

5.41%
SPHY

Total weight of top 15 holdings out of 15

4.14%

Top 15 holdings

Data as of March 31, 2026
SCYB
US68288AAA51
0.68%
EchoStar, 10.75% 30nov2029, USD
0.46%
Quikrete Holdings, 6.375% 1mar2032, USD
0.37%
US78488XAA28
0.36%
US045941AB79
0.36%
Cloud Software Group, 6.5% 31mar2029, USD
0.35%
Cloud Software Group, 9% 30sep2029, USD
0.35%
Venture Global LNG, 9.5% 1feb2029, USD
0.33%
US982911AA70
0.32%
US045941AA96
0.32%
US47077WAE84
0.31%
US143658CA82
0.30%
CCO Holdings, 5% 1feb2028, USD
0.30%
Mozart Debt Merger Sub, 5.25% 1oct2029, USD
0.30%
CCO Holdings, 4.75% 1mar2030, USD
0.29%
SPHY
US68288AAA51
0.46%
EchoStar, 10.75% 30nov2029, USD
0.42%
Quikrete Holdings, 6.375% 1mar2032, USD
0.32%
Cloud Software Group, 6.5% 31mar2029, USD
0.30%
Cloud Software Group, 9% 30sep2029, USD
0.27%
Venture Global LNG, 9.5% 1feb2029, USD
0.27%
US78488XAA28
0.27%
DISH Network, 11.75% 15nov2027, USD
0.24%
RP Escrow Issuer, 7.125% 1jun2031, USD
0.24%
US045941AA96
0.23%
US982911AA70
0.23%
TransDigm, 6.625% 1mar2032, USD
0.23%
US045941AB79
0.23%
CCO Holdings, 4.5% 15aug2030, USD
0.22%
Hub International, 7.25% 15jun2030, USD
0.22%
Frequently asked questions about SCYB and SPHY

How have the SCYB and SPHY ETFs performed in 2026?

As of May 8, 2026, SCYB is up 1.36% year-to-date (YTD), while SPHY has returned 1.41%. 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 +$479M in flows, compared to +$318M for SPHY.

Which ETF is more volatile: SCYB or SPHY?

Over the past year, SCYB had a volatility of 2.61%, while SPHY experienced 2.53%.

Which ETF is bigger: SCYB or SPHY?

As of May 8, 2026, SCYB holds $2.49 B in assets under management (AUM), while SPHY manages $10.68 B.

What are the top holdings of the SCYB ETF and SPHY ETF?

SCYB top holdings include US68288AAA51, EchoStar, 10.75% 30nov2029, USD and Quikrete Holdings, 6.375% 1mar2032, USD. SPHY holds in its top three: US68288AAA51, EchoStar, 10.75% 30nov2029, USD and Quikrete Holdings, 6.375% 1mar2032, USD.

Which ETF is more diversified: SCYB or SPHY?

SCYB holds 1231 securities with 5.41% of its assets in the top 15. SPHY has 1916 securities and a top 15 weight of 4.14%.

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