USHYvsSPHYETF Comparison
ETF 1
USHY
iShares Broad USD High Yield Corporate Bond ETF
This fund is part of
US Corporate HY Bonds
+0.37%
VS
ETF 2
SPHY
State Street SPDR Portfolio High Yield Bond ETF
This fund is part of
US Corporate HY Bonds
+0.37%
iShares Broad USD High Yield Corporate Bond ETF (USHY) and State Street SPDR Portfolio High Yield Bond ETF (SPHY) belong to the same industry segment: US Corporate HY Bonds. Both ETFs have the same top 3 sector exposures: Finance, Consumer Services and Industrials. USHY is more expensive with a Total Expense Ratio (TER) of 0.08%, versus 0.05% for SPHY. USHY is up 0.77% year-to-date (YTD) with +$1.97B in YTD flows. SPHY performs worse with 0.76% YTD performance, and +$1.89B in YTD flows. Run a side-by-side ETF comparison of USHY 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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USHY vs SPHY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/27/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | USHY SPHY | +0.42%+0.34% | -0.78%-0.81% | +0.77%+0.76% | +1.65%+1.63% | +29.21%+28.84% | +20.44%+21.09% |
| Flows | USHY SPHY | -$38M+$117M | -$2.19B+$544M | +$1.97B+$1.89B | +$1.64B+$2.38B | +$17.55B+$9.81B | +$19.58B+$11.78B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | USHY SPHY | +3.13%+3.11% | +2.81%+2.73% | +3.32%+3.20% | +4.86%+4.64% |
| Max drawdown | USHY SPHY | -2.85%-2.80% | -2.85%-2.80% | -3.86%-3.97% | -15.04%-14.44% |
| Max drawdown duration | USHY SPHY | 61d61d | 61d61d | 68d75d | 721d715d |
Trading data
USHY | SPHY | |
Last sale 10/28/2026 at 1:30 PM | $35.85 | $22.67 |
| Previous close 10/27/2026 | $35.86 | $22.67 |
| Consolidated volume 10/27/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 29, 2026
1-year trailing difference
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USHY | 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 10/28/2026 at 1:30 PM
Live
Closed
USHY | SPHY | |
|---|---|---|
| Last price | $35.85 | $22.67 |
| 1D performance | -0.03% | +0.00% |
| AuM | $26.28 B | $11.82 B |
| E/R | 0.08% | 0.05% |
Characteristics
USHY | SPHY | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | State Street Investment Management |
| Benchmark | ICE BofA US High Yield Constrained Index | ICE BofA US High Yield Index |
| N° of holdings | 1844 | 1857 |
| Asset class | Bonds | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 26, 2017 | June 18, 2012 |
| ESG | No | No |
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Exposure
Countries
USHY
USA
86.95%
Other
13.05%
SPHY
USA
84.81%
Other
15.19%
Sectors
USHY
Finance
16.78%
Consumer Services
11.75%
Industrials
11.16%
Energy
8.96%
Non-Energy Materi.
8.77%
Business Services
7.09%
Other
35.49%
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
USHY
Total weight of top 15 holdings out of 15
5.82%
SPHY
Total weight of top 15 holdings out of 15
4.27%
Top 15 holdings
Data as of August 31, 2026
USHY
BlackRock Cash Funds - Treasury
1.76%
1261229 B.C., 10% 15apr2032, USD
0.49%
EchoStar, 10.75% 30nov2029, USD
0.40%
Meridian Arc HoldCo, 6.25% 30apr2031, USD
0.39%
Quikrete Holdings, 6.375% 1mar2032, USD
0.30%
PR RNO Property Owner 1, 6.5% 1may2031, USD
0.29%
Cloud Software Group, 6.5% 31mar2029, USD
0.27%
Cloud Software Group, 9% 30sep2029, USD
0.26%
Asurion LLC, 8% 31dec2032, USD
0.26%
SV RNO Property Owner 1, 5.875% 1mar2031, USD
0.25%
WULF Compute, 7.75% 15oct2030, USD
0.24%
Hub International, 7.25% 15jun2030, USD
0.24%
Nexstar Media, 6.5% 15sep2033, USD
0.23%
RP Escrow Issuer, 7.125% 1jun2031, USD
0.23%
Core Scientific Finance I, 7.75% 15may2031, USD
0.22%
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 USHY and SPHY
How have the USHY and SPHY ETFs performed in 2026?
As of October 27, 2026, USHY is up 0.77% year-to-date (YTD), while SPHY has returned 0.76%. That puts USHY better performer ahead so far this year.
Which ETF is attracting more investor money: USHY or SPHY?
Year-to-date, the USHY ETF saw +$1.97B in flows, compared to +$1.89B for SPHY.
Which ETF is more volatile: USHY or SPHY?
Over the past year, USHY had a volatility of 2.81%, while SPHY experienced 2.73%.
Which ETF is bigger: USHY or SPHY?
As of October 27, 2026, USHY holds $26.28 B in assets under management (AUM), while SPHY manages $11.82 B.
What sectors do the USHY and SPHY ETFs invest in?
USHY leans toward sectors like Finance, Consumer Services and Industrials. Meanwhile, SPHY focuses on Finance, Consumer Services and Industrials.
What are the top holdings of the USHY ETF and SPHY ETF?
USHY top holdings include BlackRock Cash Funds - Treasury, 1261229 B.C., 10% 15apr2032, USD and EchoStar, 10.75% 30nov2029, 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: USHY or SPHY?
USHY holds 1872 securities with 5.82% of its assets in the top 15. SPHY has 1883 securities and a top 15 weight of 4.27%.
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Latest news about USHY & SPHY
Schwab Launches New High-Yield Bond ETF on NYSE ARCA
July 13, 2023
USHY
Uptick to inflows in high-yield bond ETFs
December 16, 2022
USHY
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