VBCFvsSPHYETF Comparison
ETF 1
VBCF
Vanguard Target Maturity 2032 Corporate Bond ETF
This fund is part of
US Corporate IG Bonds
-0.23%
VS
ETF 2
SPHY
State Street SPDR Portfolio High Yield Bond ETF
This fund is part of
US Corporate HY Bonds
-0.07%
Vanguard Target Maturity 2032 Corporate Bond ETF (VBCF) 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. VBCF's top 3 sector exposures are Finance, Technology and Utilities. In contrast, SPHY's top sector exposures are Finance, Consumer Services and Industrials. VBCF is more expensive with a Total Expense Ratio (TER) of 0.08%, versus 0.05% for SPHY. Run a side-by-side ETF comparison of VBCF 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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VBCF vs SPHY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/19/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | VBCF SPHY | -0.68%-1.90% | -2.09%-2.01% | n/a+0.07% | n/a+1.41% | n/a+28.36% | n/a+20.24% |
| Flows | VBCF SPHY | +$9M-$19M | +$9M+$658M | -+$1.83B | -+$2.74B | -+$9.77B | -+$11.73B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | VBCF SPHY | +3.95%+3.03% | n/a+2.70% | n/a+3.19% | n/a+4.64% |
| Max drawdown | VBCF SPHY | -3.10%-2.79% | n/a-2.79% | n/a-3.97% | n/a-14.44% |
| Max drawdown duration | VBCF SPHY | 67d53d | n/a53d | n/a75d | n/a715d |
Trading data
VBCF | SPHY | |
Last sale 10/19/2026 at 1:30 PM | $72.59 | $22.44 |
| Previous close 10/19/2026 | $72.82 | $22.45 |
| Consolidated volume 10/19/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 20, 2026
1-year trailing difference
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VBCF | 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 10/19/2026 at 1:30 PM
Live
Closed
VBCF | SPHY | |
|---|---|---|
| Last price | $72.59 | $22.44 |
| 1D performance | -0.32% | -0.04% |
| AuM | $46.44 M | $11.68 B |
| E/R | 0.08% | 0.05% |
Characteristics
VBCF | SPHY | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Vanguard | State Street Investment Management |
| Benchmark | ICE 2032 Maturity US Corporate Constrained Index | ICE BofA US High Yield Index |
| N° of holdings | 379 | 1857 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 26, 2026 | June 18, 2012 |
| ESG | No | No |
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Exposure
Countries
VBCF
USA
84.26%
Other
15.74%
SPHY
USA
84.81%
Other
15.19%
Sectors
VBCF
Finance
41.97%
Technology
12.54%
Utilities
7.16%
Other
38.33%
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
VBCF
Total weight of top 15 holdings out of 15
14.26%
SPHY
Total weight of top 15 holdings out of 15
4.27%
Top 15 holdings
Data as of August 31, 2026
VBCF
Bank of America Corporation, 5.015% 22jul2033, USD (N)
1.39%
Wells Fargo, 3.35% 2mar2033, USD (U)
1.08%
Citigroup, 6.27% 17nov2033, USD
1.06%
JP Morgan, 4.912% 25jul2033, USD
1.03%
Wells Fargo, 4.897% 25jul2033, USD (U)
1.01%
Meta Platforms, 3.85% 15aug2032, USD
0.99%
Aercap Holdings, 3.3% 30jan2032, USD
0.98%
Goldman Sachs, 3.102% 24feb2033, USD
0.97%
Verizon Communications, 2.355% 15mar2032, USD
0.96%
Oracle, 4.8% 26sep2032, USD (B)
0.90%
Bank of America Corporation, 4.571% 27apr2033, USD (N)
0.83%
Bank of America Corporation, 2.972% 4feb2033, USD (N)
0.81%
Meta Platforms, 4.6% 15nov2032, USD
0.80%
Morgan Stanley, 6.342% 18oct2033, USD (I)
0.72%
JP Morgan, 5.717% 14sep2033, USD
0.72%
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 VBCF and SPHY
Which ETF is bigger: VBCF or SPHY?
As of October 19, 2026, VBCF holds $46.44 M in assets under management (AUM), while SPHY manages $11.68 B.
What sectors do the VBCF and SPHY ETFs invest in?
VBCF leans toward sectors like Finance, Technology and Utilities. Meanwhile, SPHY focuses on Finance, Consumer Services and Industrials.
What are the top holdings of the VBCF ETF and SPHY ETF?
VBCF top holdings include Bank of America Corporation, 5.015% 22jul2033, USD (N), Wells Fargo, 3.35% 2mar2033, USD (U) and Citigroup, 6.27% 17nov2033, 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: VBCF or SPHY?
VBCF holds 383 securities with 14.26% of its assets in the top 15. SPHY has 1883 securities and a top 15 weight of 4.27%.
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