SPHYvsNHYBETF Comparison
ETF 1
SPHY
State Street SPDR Portfolio High Yield Bond ETF
This fund is part of
US Corporate HY Bonds
-0.15%
VS
State Street SPDR Portfolio High Yield Bond ETF (SPHY) and Nuveen High Yield Corporate Bond ETF (NHYB) belong to the same industry segment: US Corporate HY Bonds. 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 0.08% for NHYB. SPHY is up 1.84% year-to-date (YTD) with +$1.85B in YTD flows. NHYB performs better with 1.96% YTD performance, and +$223M in YTD flows. Run a side-by-side ETF comparison of SPHY and NHYB 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 NHYB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/18/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SPHY NHYB | -0.53%-0.59% | -0.07%-0.04% | +1.84%+1.96% | +3.13%n/a | +26.93%n/a | +22.05%n/a |
| Flows | SPHY NHYB | +$270M+$55M | +$1.09B+$118M | +$1.85B+$223M | +$3.17B- | +$10.11B- | +$11.82B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPHY NHYB | +2.18%+2.04% | +2.53%n/a | +3.26%n/a | +4.62%n/a |
| Max drawdown | SPHY NHYB | -1.09%-1.15% | -2.19%n/a | -3.97%n/a | -14.44%n/a |
| Max drawdown duration | SPHY NHYB | 22d22d | 50dn/a | 75dn/a | 715dn/a |
Trading data
SPHY | NHYB | |
Last sale 9/21/2026 at 1:30 PM | $23.03 | $24.37 |
| Previous close 09/18/2026 | $22.98 | $24.34 |
| Consolidated volume 09/18/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 21, 2026
1-year trailing difference
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SPHY | NHYB | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/21/2026 at 1:30 PM
Live
Closed
SPHY | NHYB | |
|---|---|---|
| Last price | $23.03 | $24.37 |
| 1D performance | +0.22% | +0.10% |
| AuM | $11.98 B | $1.77 B |
| E/R | 0.05% | 0.08% |
Characteristics
SPHY | NHYB | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | State Street Investment Management | Nuveen |
| Benchmark | ICE BofA US High Yield Index | ICE BofA BB-B U.S. Cash Pay High Yield Constrained Index |
| N° of holdings | 1897 | 1670 |
| Asset class | Fixed Income | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 18, 2012 | September 24, 2025 |
| ESG | No | No |
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Exposure
Countries
SPHY
USA
85.68%
Other
14.32%
NHYB
USA
87.32%
Other
12.68%
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%
NHYB
Finance
17.34%
Consumer Services
11.74%
Industrials
11.68%
Energy
9.46%
Non-Energy Materi.
8.93%
Business Services
7.3%
Other
33.55%
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Diversification
SPHY
Total weight of top 15 holdings out of 15
4.14%
NHYB
Total weight of top 15 holdings out of 15
4.5%
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%
NHYB
1261229 B.C., 10% 15apr2032, USD
0.47%
EchoStar, 10.75% 30nov2029, USD
0.43%
Meridian Arc HoldCo, 6.25% 30apr2031, USD
0.35%
Centene, 2.625% 1aug2031, USD
0.33%
PR RNO Property Owner 1, 6.5% 1may2031, USD
0.29%
CCO Holdings, 4.25% 1feb2031, USD
0.29%
Quikrete Holdings, 6.375% 1mar2032, USD
0.29%
Cloud Software Group, 9% 30sep2029, USD
0.29%
Venture Global LNG, 9.5% 1feb2029, USD
0.28%
Cloud Software Group, 6.5% 31mar2029, USD
0.27%
Asurion LLC, 8% 31dec2032, USD
0.25%
Venture Global Plaquemines LNG, 6.75% 15jan2036, USD
0.25%
RP Escrow Issuer, 7.125% 1jun2031, USD
0.24%
Centene, 2.45% 15jul2028, USD
0.24%
WULF Compute, 7.75% 15oct2030, USD
0.24%
Frequently asked questions about SPHY and NHYB
How have the SPHY and NHYB ETFs performed in 2026?
As of September 18, 2026, SPHY is up 1.84% year-to-date (YTD), while NHYB has returned 1.96%. That puts NHYB better performer ahead so far this year.
Which ETF is attracting more investor money: SPHY or NHYB?
Year-to-date, the SPHY ETF saw +$1.85B in flows, compared to +$223M for NHYB.
Which ETF is bigger: SPHY or NHYB?
As of September 18, 2026, SPHY holds $11.98 B in assets under management (AUM), while NHYB manages $1.77 B.
What sectors do the SPHY and NHYB ETFs invest in?
SPHY leans toward sectors like Finance, Consumer Services and Industrials. Meanwhile, NHYB focuses on Finance, Consumer Services and Industrials.
What are the top holdings of the SPHY ETF and NHYB ETF?
SPHY top holdings include 1261229 B.C., 10% 15apr2032, USD, Meridian Arc HoldCo, 6.25% 30apr2031, USD and EchoStar, 10.75% 30nov2029, USD. NHYB 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 NHYB?
SPHY holds 1908 securities with 4.14% of its assets in the top 15. NHYB has 1677 securities and a top 15 weight of 4.5%.
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