VCHYvsSPHYETF Comparison
ETF 1
VCHY
Vanguard U.S. High-Yield Corporate Bond Index ETF
This fund is part of
US Corporate HY Bonds
-0.2%
VS
ETF 2
SPHY
State Street SPDR Portfolio High Yield Bond ETF
This fund is part of
US Corporate HY Bonds
-0.2%
Vanguard U.S. High-Yield Corporate Bond Index ETF (VCHY) 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. Both VCHY and SPHY have the same Total Expense Ratio (TER) of 0.05%. Run a side-by-side ETF comparison of VCHY 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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VCHY vs SPHY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/30/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | VCHY SPHY | +0.40%+0.36% | -1.16%-1.15% | n/a+0.53% | n/a+1.68% | n/a+28.52% | n/a+20.84% |
| Flows | VCHY SPHY | +$29M+$279M | +$74M+$597M | -+$1.98B | -+$2.47B | -+$9.89B | -+$11.87B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | VCHY SPHY | +3.09%+3.12% | n/a+2.73% | n/a+3.20% | n/a+4.65% |
| Max drawdown | VCHY SPHY | -2.81%-2.80% | n/a-2.80% | n/a-3.97% | n/a-14.44% |
| Max drawdown duration | VCHY SPHY | 64d64d | n/a64d | n/a75d | n/a715d |
Trading data
VCHY | SPHY | |
Last sale 10/30/2026 at 1:30 PM | $72.94 | $22.60 |
| Previous close 10/29/2026 | $73.03 | $22.64 |
| Consolidated volume 10/29/2026 | ||
| 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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VCHY | 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 10/30/2026 at 1:30 PM
Live
Closed
VCHY | SPHY | |
|---|---|---|
| Last price | $72.94 | $22.60 |
| 1D performance | -0.12% | -0.18% |
| AuM | $123.47 M | $11.89 B |
| E/R | 0.05% | 0.05% |
Characteristics
VCHY | SPHY | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Vanguard | State Street Investment Management |
| Benchmark | Bloomberg US High Yield 250MM 2% Issuer Capped Index | ICE BofA US High Yield Index |
| N° of holdings | 1778 | 1835 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 19, 2026 | June 18, 2012 |
| ESG | No | No |
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Exposure
Countries
VCHY
USA
83.23%
Other
16.77%
SPHY
USA
82.52%
Other
17.48%
Sectors
VCHY
Finance
16.51%
Consumer Services
12.31%
Industrials
11.51%
Energy
8.96%
Non-Energy Materi.
8.52%
Business Services
7.32%
Other
34.88%
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%
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Diversification
VCHY
Total weight of top 15 holdings out of 15
4.35%
SPHY
Total weight of top 15 holdings out of 15
4.3%
Top 15 holdings
Data as of September 30, 2026
VCHY
1261229 B.C., 10% 15apr2032, USD
0.42%
Meridian Arc HoldCo, 6.25% 30apr2031, USD
0.37%
EchoStar, 10.75% 30nov2029, USD
0.35%
US83408KAB52
0.34%
Centene, 4.625% 15dec2029, USD
0.32%
US83408KAC36
0.30%
PR RNO Property Owner 1, 6.5% 1may2031, USD
0.29%
Cloud Software Group, 9% 30sep2029, USD
0.28%
Quikrete Holdings, 6.375% 1mar2032, USD
0.27%
Cloud Software Group, 6.5% 31mar2029, USD
0.25%
Hub International, 7.25% 15jun2030, USD
0.24%
SV RNO Property Owner 1, 5.875% 1mar2031, USD
0.24%
Galaxy Helios Data Center II, 9.875% 1aug2031, USD
0.23%
TransDigm, 6.375% 1mar2029, USD
0.23%
WULF Compute, 7.75% 15oct2030, USD
0.23%
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%
Frequently asked questions about VCHY and SPHY
Which ETF is bigger: VCHY or SPHY?
As of October 30, 2026, VCHY holds $123.47 M in assets under management (AUM), while SPHY manages $11.89 B.
What sectors do the VCHY and SPHY ETFs invest in?
VCHY 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 VCHY ETF and SPHY ETF?
VCHY top holdings include 1261229 B.C., 10% 15apr2032, USD, Meridian Arc HoldCo, 6.25% 30apr2031, 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: VCHY or SPHY?
VCHY holds 1834 securities with 4.35% of its assets in the top 15. SPHY has 1903 securities and a top 15 weight of 4.3%.
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