VGHYvsSPHYETF Comparison
VS
ETF 2
SPHY
State Street SPDR Portfolio High Yield Bond ETF
This fund is part of
US Corporate HY Bonds
-0.32%
Vanguard High-Yield Active ETF (VGHY) belongs to the Intl HY Bonds segment. State Street SPDR Portfolio High Yield Bond ETF (SPHY) is part of the US Corporate HY Bonds segment. VGHY's top 3 sector exposures are Consumer Services, Finance and Non-Energy Materials. In contrast, SPHY's top sector exposures are Finance, Consumer Services and Industrials. VGHY is more expensive with a Total Expense Ratio (TER) of 0.22%, versus 0.05% for SPHY. VGHY is down -0.07% year-to-date (YTD) with +$180M in YTD flows. SPHY performs better with -0.04% YTD performance, and +$1.80B in YTD flows. Run a side-by-side ETF comparison of VGHY 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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VGHY vs SPHY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/14/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | VGHY SPHY | -1.79%-1.86% | -1.93%-2.00% | -0.07%-0.04% | +1.89%+1.69% | n/a+26.93% | n/a+20.16% |
| Flows | VGHY SPHY | +$6M-$55M | +$25M+$650M | +$180M+$1.80B | +$250M+$2.75B | -+$9.75B | -+$11.70B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | VGHY SPHY | +2.95%+2.92% | +2.82%+2.70% | n/a+3.21% | n/a+4.64% |
| Max drawdown | VGHY SPHY | -2.82%-2.79% | -2.82%-2.79% | n/a-3.97% | n/a-14.44% |
| Max drawdown duration | VGHY SPHY | 48d48d | 48d48d | n/a75d | n/a715d |
Trading data
VGHY | SPHY | |
Last sale 10/15/2026 at 1:30 PM | $72.16 | $22.53 |
| Previous close 10/14/2026 | $71.94 | $22.45 |
| Consolidated volume 10/14/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 16, 2026
1-year trailing difference
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VGHY
is actively managed and doesn’t replicate an indexVGHY | 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 10/15/2026 at 1:30 PM
Live
Closed
VGHY | SPHY | |
|---|---|---|
| Last price | $72.16 | $22.53 |
| 1D performance | +0.31% | +0.36% |
| AuM | $310.91 M | $11.64 B |
| E/R | 0.22% | 0.05% |
Characteristics
VGHY | SPHY | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Vanguard | State Street Investment Management |
| Benchmark | - | ICE BofA US High Yield Index |
| N° of holdings | 516 | 1857 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 17, 2025 | June 18, 2012 |
| ESG | No | No |
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Exposure
Countries
VGHY
USA
77.69%
Other
22.31%
SPHY
USA
84.81%
Other
15.19%
Sectors
VGHY
Consumer Services
13.53%
Finance
11.81%
Non-Energy Materi.
10.05%
Industrials
9.43%
Energy
8.1%
Other
47.08%
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
VGHY
Total weight of top 15 holdings out of 15
10.82%
SPHY
Total weight of top 15 holdings out of 15
4.27%
Top 15 holdings
Data as of August 31, 2026
VGHY
USA, Notes 4.125% 15jun2029, USD (AP-2029)
0.92%
USA, Notes 3.625% 31mar2030, USD (J-2030)
0.90%
Nissan Motor Acceptance, 6.125% 30sep2030, USD (J)
0.89%
CCO Holdings, 4.5% 1may2032, USD
0.85%
PR RNO Property Owner 1, 6.5% 1may2031, USD
0.84%
1261229 B.C., 10% 15apr2032, USD
0.74%
TransDigm, 6.375% 31may2033, USD
0.70%
Cleveland-Cliffs, 4.625% 1mar2029, USD
0.70%
ZF Friedrichshafen, 7.5% 24mar2031, USD
0.69%
IQVIA Inc., 5% 15oct2026, USD
0.66%
Hawaiian Electric Company, 6% 1oct2033, USD
0.62%
JetBlue Airways, 9.875% 20sep2031, USD
0.62%
Transocean International, 8.5% 15may2031, USD
0.58%
Oak-Eagle AcquireCo, 8.75% 1jul2034, USD
0.56%
Burford Capital Ltd., 8.5% 15jan2034, USD
0.55%
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 VGHY and SPHY
How have the VGHY and SPHY ETFs performed in 2026?
As of October 14, 2026, VGHY is down -0.07% year-to-date (YTD), while SPHY has lost -0.04%. That puts SPHY better performer ahead so far this year.
Which ETF is attracting more investor money: VGHY or SPHY?
Year-to-date, the VGHY ETF saw +$180M in flows, compared to +$1.80B for SPHY.
Which ETF is more volatile: VGHY or SPHY?
Over the past year, VGHY had a volatility of 2.82%, while SPHY experienced 2.7%.
Which ETF is bigger: VGHY or SPHY?
As of October 14, 2026, VGHY holds $310.91 M in assets under management (AUM), while SPHY manages $11.64 B.
What sectors do the VGHY and SPHY ETFs invest in?
VGHY leans toward sectors like Consumer Services, Finance and Non-Energy Materials. Meanwhile, SPHY focuses on Finance, Consumer Services and Industrials.
What are the top holdings of the VGHY ETF and SPHY ETF?
VGHY top holdings include USA, Notes 4.125% 15jun2029, USD (AP-2029), USA, Notes 3.625% 31mar2030, USD (J-2030) and Nissan Motor Acceptance, 6.125% 30sep2030, USD (J). 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: VGHY or SPHY?
VGHY holds 570 securities with 10.82% of its assets in the top 15. SPHY has 1883 securities and a top 15 weight of 4.27%.
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