SPHYvsBHYBETF Comparison
ETF 1
SPHY
State Street SPDR Portfolio High Yield Bond ETF
This fund is part of
US Corporate HY Bonds
+0.17%
VS
State Street SPDR Portfolio High Yield Bond ETF (SPHY) belongs to the US Corporate HY Bonds segment. Xtrackers USD High Yield BB-B ex Financials ETF (BHYB) is part of the Intl HY Bonds segment. SPHY's top 3 sector exposures are Finance, Consumer Services and Industrials. In contrast, BHYB's top sector exposures are Consumer Services, Industrials and Energy. SPHY is less expensive with a Total Expense Ratio (TER) of 0.05%, versus 0.2% for BHYB. SPHY is up 2% year-to-date (YTD) with +$1.83B in YTD flows. BHYB performs better with 2.13% YTD performance, and +$1.57B in YTD flows. Run a side-by-side ETF comparison of SPHY and BHYB 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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SPHY vs BHYB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/21/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SPHY BHYB | -0.49%-0.52% | +0.15%+0.18% | +2.00%+2.13% | +3.20%+3.58% | +27.98%n/a | +22.10%n/a |
| Flows | SPHY BHYB | +$223M+$168M | +$845M+$742M | +$1.83B+$1.57B | +$3.12B+$2.00B | +$10.08B- | +$11.78B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPHY BHYB | +2.20%+2.13% | +2.54%+2.47% | +3.24%n/a | +4.62%n/a |
| Max drawdown | SPHY BHYB | -1.09%-1.12% | -2.19%-2.12% | -3.97%n/a | -14.44%n/a |
| Max drawdown duration | SPHY BHYB | 25d25d | 50d50d | 75dn/a | 715dn/a |
Trading data
SPHY | BHYB | |
Last sale 9/22/2026 at 1:30 PM | $23.03 | $53.44 |
| Previous close 09/21/2026 | $23.03 | $53.44 |
| Consolidated volume 09/21/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 22, 2026
1-year trailing difference
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SPHY | BHYB | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/22/2026 at 1:30 PM
Live
Closed
SPHY | BHYB | |
|---|---|---|
| Last price | $23.03 | $53.44 |
| 1D performance | +0.00% | +0.00% |
| AuM | $11.98 B | $3.08 B |
| E/R | 0.05% | 0.2% |
Characteristics
SPHY | BHYB | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | State Street Investment Management | Xtrackers by DWS |
| Benchmark | ICE BofA US High Yield Index | ICE BofA BB-B Non-FNCL Non-Distressed US HY Constrained Index |
| N° of holdings | 1897 | 1462 |
| Asset class | Fixed Income | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 18, 2012 | October 27, 2023 |
| ESG | No | No |
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Exposure
Countries
SPHY
USA
85.68%
Other
14.32%
BHYB
USA
88.37%
Other
11.63%
Sectors
SPHY
Finance
17.48%
Consumer Services
11.89%
Industrials
11.35%
Energy
9.29%
Non-Energy Materi.
8.44%
Business Services
7.19%
Other
34.37%
BHYB
Consumer Services
13.02%
Industrials
12.76%
Energy
10.65%
Non-Energy Materi.
10.05%
Finance
9.44%
Consumer Cyclical.
8.43%
Other
35.65%
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Diversification
SPHY
Total weight of top 15 holdings out of 15
4.14%
BHYB
Total weight of top 15 holdings out of 15
5.11%
Top 15 holdings
Data as of July 31, 2026
SPHY
1261229 B.C., 10% 15apr2032, USD
0.42%
Meridian Arc HoldCo, 6.25% 30apr2031, USD
0.38%
EchoStar, 10.75% 30nov2029, USD
0.38%
PR RNO Property Owner 1, 6.5% 1may2031, USD
0.28%
Cloud Software Group, 6.5% 31mar2029, USD
0.27%
Cloud Software Group, 9% 30sep2029, USD
0.27%
Quikrete Holdings, 6.375% 1mar2032, USD
0.25%
RP Escrow Issuer, 7.125% 1jun2031, USD
0.25%
Core Scientific Finance I, 7.75% 15may2031, USD
0.24%
Nexstar Media, 6.5% 15sep2033, USD
0.24%
SV RNO Property Owner 1, 5.875% 1mar2031, USD
0.24%
Centene, 4.625% 15dec2029, USD
0.23%
TransDigm, 6.625% 1mar2032, USD
0.23%
American Airlines, 5.75% 20apr2029, USD
0.23%
Galaxy Helios Data Center II, 9.875% 1aug2031, USD
0.23%
BHYB
1261229 B.C., 10% 15apr2032, USD
0.53%
EchoStar, 10.75% 30nov2029, USD
0.49%
Meridian Arc HoldCo, 6.25% 30apr2031, USD
0.48%
PR RNO Property Owner 1, 6.5% 1may2031, USD
0.38%
Quikrete Holdings, 6.375% 1mar2032, USD
0.35%
Cloud Software Group, 6.5% 31mar2029, USD
0.34%
Cloud Software Group, 9% 30sep2029, USD
0.32%
SV RNO Property Owner 1, 5.875% 1mar2031, USD
0.31%
Nexstar Media, 6.5% 15sep2033, USD
0.29%
WULF Compute, 7.75% 15oct2030, USD
0.29%
Core Scientific Finance I, 7.75% 15may2031, USD
0.28%
Venture Global LNG, 9.5% 1feb2029, USD
0.28%
Centene, 4.625% 15dec2029, USD
0.27%
Oak-Eagle AcquireCo, 7.25% 1jul2033, USD
0.26%
American Airlines, 5.75% 20apr2029, USD
0.24%
Frequently asked questions about SPHY and BHYB
How have the SPHY and BHYB ETFs performed in 2026?
As of September 21, 2026, SPHY is up 2% year-to-date (YTD), while BHYB has returned 2.13%. That puts BHYB better performer ahead so far this year.
Which ETF is attracting more investor money: SPHY or BHYB?
Year-to-date, the SPHY ETF saw +$1.83B in flows, compared to +$1.57B for BHYB.
Which ETF is more volatile: SPHY or BHYB?
Over the past year, SPHY had a volatility of 2.54%, while BHYB experienced 2.47%.
Which ETF is bigger: SPHY or BHYB?
As of September 21, 2026, SPHY holds $11.98 B in assets under management (AUM), while BHYB manages $3.08 B.
What sectors do the SPHY and BHYB ETFs invest in?
SPHY leans toward sectors like Finance, Consumer Services and Industrials. Meanwhile, BHYB focuses on Consumer Services, Industrials and Energy.
What are the top holdings of the SPHY ETF and BHYB ETF?
SPHY top holdings include 1261229 B.C., 10% 15apr2032, USD, Meridian Arc HoldCo, 6.25% 30apr2031, USD and EchoStar, 10.75% 30nov2029, USD. BHYB holds in its top three: 1261229 B.C., 10% 15apr2032, USD, EchoStar, 10.75% 30nov2029, USD and Meridian Arc HoldCo, 6.25% 30apr2031, USD.
Which ETF is more diversified: SPHY or BHYB?
SPHY holds 1908 securities with 4.14% of its assets in the top 15. BHYB has 1465 securities and a top 15 weight of 5.11%.
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Latest news about SPHY & BHYB
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