SPBOvsSPHYETF Comparison
ETF 1
SPBO
State Street SPDR Portfolio Corporate 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%
State Street SPDR Portfolio Corporate Bond ETF (SPBO) 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. SPBO's top 3 sector exposures are Finance, Utilities and Technology. In contrast, SPHY's top sector exposures are Finance, Consumer Services and Industrials. SPBO is less expensive with a Total Expense Ratio (TER) of 0.03%, versus 0.05% for SPHY. SPBO is down -1.61% year-to-date (YTD) with +$426M 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 SPBO 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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SPBO 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. | SPBO SPHY | -0.30%-1.62% | -1.96%-1.97% | -1.61%+0.14% | -1.88%+1.56% | +18.92%+27.16% | -0.36%+20.38% |
| Flows | SPBO SPHY | -$38M-$865K | +$92M+$695M | +$426M+$1.84B | +$490M+$2.74B | +$1.19B+$9.79B | +$1.82B+$11.74B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPBO SPHY | +4.67%+3.00% | +4.25%+2.70% | +5.35%+3.21% | +6.63%+4.64% |
| Max drawdown | SPBO SPHY | -3.36%-2.79% | -4.52%-2.79% | -4.67%-3.97% | -21.96%-14.44% |
| Max drawdown duration | SPBO SPHY | 89d50d | 229d50d | 280d75d | 1436d715d |
Trading data
SPBO | SPHY | |
Last sale 10/16/2026 at 1:30 PM | $27.78 | $22.45 |
| Previous close 10/15/2026 | $27.80 | $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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SPBO | 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
SPBO | SPHY | |
|---|---|---|
| Last price | $27.78 | $22.45 |
| 1D performance | -0.07% | -0.36% |
| AuM | $2.12 B | $11.70 B |
| E/R | 0.03% | 0.05% |
Characteristics
SPBO | SPHY | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | State Street Investment Management | State Street Investment Management |
| Benchmark | Bloomberg U.S. Corporate Bond Index | ICE BofA US High Yield Index |
| N° of holdings | 4113 | 1857 |
| Asset class | Bonds | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 6, 2011 | June 18, 2012 |
| ESG | No | No |
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Exposure
Countries
SPBO
USA
82.26%
Other
17.74%
SPHY
USA
84.81%
Other
15.19%
Sectors
SPBO
Finance
34.65%
Utilities
9.9%
Technology
9.66%
Healthcare
8.67%
Other
37.12%
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
SPBO
Total weight of top 15 holdings out of 15
2.4%
SPHY
Total weight of top 15 holdings out of 15
4.27%
Top 15 holdings
Data as of August 31, 2026
SPBO
Citigroup, 4.91% 24may2033, USD
0.20%
Bank of America Corporation, 7.75% 14may2038, USD
0.20%
Bank of America Corporation, 3.419% 20dec2028, USD
0.20%
JP Morgan, 5.576% 23jul2036, USD
0.18%
British American Tobacco, 7.079% 2aug2043, USD
0.18%
Anheuser-Busch, 4.9% 1feb2046, USD
0.16%
Meta Platforms, 4.6% 15nov2032, USD
0.16%
Bank of America Corporation, 3.97% 5mar2029, USD (M)
0.15%
Amazon.com, 4% 13mar2029, USD
0.15%
Goldman Sachs, 4.411% 23apr2039, USD
0.14%
CVS Health, 6% 1jun2044, USD
0.14%
Verizon Communications, 2.1% 22mar2028, USD
0.14%
T-Mobile USA, 3.875% 15apr2030, USD
0.14%
AbbVie, 4.8% 15mar2029, USD
0.13%
Goldman Sachs, 3.814% 23apr2029, USD
0.13%
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 SPBO and SPHY
How have the SPBO and SPHY ETFs performed in 2026?
As of October 16, 2026, SPBO is down -1.61% 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: SPBO or SPHY?
Year-to-date, the SPBO ETF saw +$426M in flows, compared to +$1.84B for SPHY.
Which ETF is more volatile: SPBO or SPHY?
Over the past year, SPBO had a volatility of 4.25%, while SPHY experienced 2.7%.
Which ETF is bigger: SPBO or SPHY?
As of October 16, 2026, SPBO holds $2.12 B in assets under management (AUM), while SPHY manages $11.70 B.
What sectors do the SPBO and SPHY ETFs invest in?
SPBO leans toward sectors like Finance, Utilities and Technology. Meanwhile, SPHY focuses on Finance, Consumer Services and Industrials.
What are the top holdings of the SPBO ETF and SPHY ETF?
SPBO top holdings include Citigroup, 4.91% 24may2033, USD, Bank of America Corporation, 7.75% 14may2038, USD and Bank of America Corporation, 3.419% 20dec2028, 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: SPBO or SPHY?
SPBO holds 4241 securities with 2.4% of its assets in the top 15. SPHY has 1883 securities and a top 15 weight of 4.27%.
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