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ETF comparison

HYG vs SPHY

Both US High Yield Bond.

iShares iBoxx $ High Yield Corporate Bond ETF · State Street SPDR Portfolio High Yield Bond ETF

Holdings overlap

Weighted by ISIN/CUSIP
69.2 %

1,250 positions appear in both funds. Buying equal dollars of HYG and SPHY would leave roughly 69.2% of each dollar exposed to the same underlying securities.

HYG only 43.9% Shared 69.2% SPHY only 28.1%
In HYG only
90 positions
Shared
1,250 positions
In SPHY only
662 positions

Side by side

HYG

iShares iBoxx $ High Yield Corporate Bond ETF

iShares · US High Yield Bond

68 composite / 100
Expense ratio
0.49%
Net assets
$17.63B
TTM yield
5.90%
Top-10 conc.
19.1%
SPHY

State Street SPDR Portfolio High Yield Bond ETF

State Street · US High Yield Bond

87 composite / 100
Expense ratio
0.050%
Net assets
$11.33B
TTM yield
7.23%
Top-10 conc.
8.1%

Sub-score comparison

51
Cost
95
46
Tax efficiency
44
100
Liquidity
100
87
Concentration
100
—
Tracking quality
—
HYG sub-score SPHY

Tracking quality isn't part of the composite — see what we don't score for why.

Cost difference

SPHY is 44 bps cheaper than HYG. On a $100,000 position that's about $440/yr more in fees for HYG.

Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open the cost calculator pre-filled with HYG vs SPHY.

Top shared holdings

1,250 shared in total
# Holding In HYG In SPHY Overlap
1 1261229 BC LTD 0.52% 0.46% 0.46%
2 QUIKRETE HOLDINGS INC 0.39% 0.32% 0.32%
3 ECHOSTAR CORP 0.32% 0.42% 0.32%
4 CLOUD SOFTWARE GRP INC 0.35% 0.31% 0.31%
5 CLOUD SOFTWARE GRP INC 0.35% 0.28% 0.28%
6 VENTURE GLOBAL LNG INC 0.27% 0.27% 0.27%
7 DISH NETWORK CORP 0.34% 0.24% 0.24%
8 PANTHER ESCROW ISSUER 0.29% 0.24% 0.24%
9 ASURION LLC/ASURION CO 0.35% 0.23% 0.23%
10 WULF COMPUTE LLC 0.31% 0.23% 0.23%
11 CCO HLDGS LLC/CAP CORP 0.22% 0.22% 0.22%
12 AMERICAN AIRLINES/AADVAN 0.25% 0.22% 0.22%

Only in HYG

90 total
  • BlackRock Funds III 15.84%
  • VISTRA OPERATIONS CO LLC 0.14%
  • WYNN MACAU LTD 0.11%
  • TEVA PHARMACEUTICALS NE 0.11%
  • WYNN MACAU LTD 0.10%
  • MICHAELS COS INC/THE 0.10%
  • GFL ENVIRONMENTAL INC 0.10%
  • MELCO RESORTS FINANCE 0.10%
  • VISTRA OPERATIONS CO LLC 0.09%
  • WYNN MACAU LTD 0.09%

Only in SPHY

662 total
  • State Street Global Advisors 0.25%
  • CARNIVAL CORP 0.21%
  • NEXSTAR MEDIA INC 0.20%
  • DISCOVERY HOLDINGS INC 0.19%
  • OAK-EAGLE ACQUIRECO INC 0.13%
  • CARNIVAL CORP 0.12%
  • JB POINDEXTER & CO INC 0.10%
  • GARRETT MOTION HLD/SARL 0.10%
  • AAR ESCROW ISSUER LLC 0.10%
  • OAK-EAGLE ACQUIRECO INC 0.10%

Open HYG or SPHY at a brokerage

Both funds trade commission-free at major US brokerages.

Open at Fidelity

Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodology and funding disclosure.

Holdings overlap is the sum of min(weight_a, weight_b) over positions matched on ISIN (CUSIP fallback). Methodology: see /methodology/.

Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.