SPHYvsHYGETF Comparison
ETF 1
SPHY
State Street SPDR Portfolio High Yield Bond ETF
This fund is part of
US Corporate HY Bonds
+0.42%
VS
State Street SPDR Portfolio High Yield Bond ETF (SPHY) belongs to the US Corporate HY Bonds segment. iShares iBoxx $ High Yield Corporate Bond ETF (HYG) is part of the Intl HY Bonds segment. Both ETFs have the same top 3 sector exposures: Finance, Consumer Services and Industrials. SPHY is less expensive with a Total Expense Ratio (TER) of 0.05%, versus 0.49% for HYG. SPHY is up 1.12% year-to-date (YTD) with +$2.02B in YTD flows. HYG performs worse with 0.79% YTD performance, and -$1.47B in YTD flows. Run a side-by-side ETF comparison of SPHY and HYG 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 HYG performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 11/04/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SPHY HYG | +0.93%+1.12% | -1.17%-1.21% | +1.12%+0.79% | +2.67%+2.33% | +25.93%+24.86% | +21.21%+18.25% |
| Flows | SPHY HYG | -$8M-$226M | +$374M+$1.10B | +$2.02B-$1.47B | +$2.51B-$211M | +$9.91B+$3.74B | +$11.89B+$689M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPHY HYG | +3.16%+3.58% | +2.76%+3.16% | +3.09%+3.62% | +4.65%+5.58% |
| Max drawdown | SPHY HYG | -2.80%-2.98% | -2.80%-2.98% | -3.97%-3.71% | -14.44%-15.34% |
| Max drawdown duration | SPHY HYG | 69d69d | 69d69d | 75d72d | 715d798d |
Trading data
SPHY | HYG | |
Last sale 11/5/2026 at 2:30 PM | $22.53 | $77.28 |
| Previous close 11/04/2026 | $22.60 | $77.52 |
| Consolidated volume 11/04/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 30, 2026
1-year trailing difference
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SPHY | HYG | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 11/5/2026 at 2:30 PM
Live
Closed
SPHY | HYG | |
|---|---|---|
| Last price | $22.53 | $77.28 |
| 1D performance | -0.31% | -0.31% |
| AuM | $11.92 B | $17.72 B |
| E/R | 0.05% | 0.49% |
Characteristics
SPHY | HYG | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | State Street Investment Management | iShares |
| Benchmark | ICE BofA US High Yield Index | Markit iBoxx USD Liquid High Yield Index |
| N° of holdings | 1835 | 1280 |
| Asset class | Fixed Income | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 18, 2012 | April 4, 2007 |
| ESG | No | No |
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Exposure
Countries
SPHY
USA
82.52%
Other
17.48%
HYG
USA
85.25%
Other
14.75%
Sectors
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%
HYG
Finance
17.17%
Consumer Services
12.5%
Industrials
9.22%
Energy
8.87%
Non-Energy Materi.
7.89%
Business Services
7.46%
Other
36.89%
Diversification
SPHY
Total weight of top 15 holdings out of 15
4.3%
HYG
Total weight of top 15 holdings out of 15
5.55%
Top 15 holdings
Data as of September 30, 2026
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%
HYG
BlackRock Cash Funds - Treasury
0.78%
1261229 B.C., 10% 15apr2032, USD
0.58%
Meridian Arc HoldCo, 6.25% 30apr2031, USD
0.47%
EchoStar, 10.75% 30nov2029, USD
0.41%
Cloud Software Group, 6.5% 31mar2029, USD
0.34%
PR RNO Property Owner 1, 6.5% 1may2031, USD
0.34%
Quikrete Holdings, 6.375% 1mar2032, USD
0.33%
Cloud Software Group, 9% 30sep2029, USD
0.30%
Hub International, 7.25% 15jun2030, USD
0.30%
WULF Compute, 7.75% 15oct2030, USD
0.30%
Nexstar Media, 6.5% 15sep2033, USD
0.29%
Galaxy Helios Data Center II, 9.875% 1aug2031, USD
0.28%
Centene, 4.625% 15dec2029, USD
0.28%
Oak-Eagle AcquireCo, 7.25% 1jul2033, USD
0.28%
Core Scientific Finance I, 7.75% 15may2031, USD
0.28%
Frequently asked questions about SPHY and HYG
How have the SPHY and HYG ETFs performed in 2026?
As of November 4, 2026, SPHY is up 1.12% year-to-date (YTD), while HYG has returned 0.79%. That puts SPHY better performer ahead so far this year.
Which ETF is attracting more investor money: SPHY or HYG?
Year-to-date, the SPHY ETF saw +$2.02B in flows, compared to -$1.47B for HYG.
Which ETF is more volatile: SPHY or HYG?
Over the past year, SPHY had a volatility of 2.76%, while HYG experienced 3.16%.
Which ETF is bigger: SPHY or HYG?
As of November 4, 2026, SPHY holds $11.92 B in assets under management (AUM), while HYG manages $17.72 B.
What sectors do the SPHY and HYG ETFs invest in?
SPHY leans toward sectors like Finance, Consumer Services and Industrials. Meanwhile, HYG focuses on Finance, Consumer Services and Industrials.
What are the top holdings of the SPHY ETF and HYG ETF?
SPHY top holdings include 1261229 B.C., 10% 15apr2032, USD, Meridian Arc HoldCo, 6.25% 30apr2031, USD and EchoStar, 10.75% 30nov2029, USD. HYG holds in its top three: BlackRock Cash Funds - Treasury, 1261229 B.C., 10% 15apr2032, USD and Meridian Arc HoldCo, 6.25% 30apr2031, USD.
Which ETF is more diversified: SPHY or HYG?
SPHY holds 1903 securities with 4.3% of its assets in the top 15. HYG has 1331 securities and a top 15 weight of 5.55%.
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Latest news about SPHY & HYG
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HYG
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The Weekly ETF Market Monitor (August 17-21, 2026)
August 24, 2026
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