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ETF comparison

SPHY vs USHY

Both US High Yield Bond.

State Street SPDR Portfolio High Yield Bond ETF · iShares Broad USD High Yield Corporate Bond ETF

Holdings overlap

Weighted by ISIN/CUSIP
78.2 %

1,777 positions appear in both funds. Buying equal dollars of SPHY and USHY would leave roughly 78.2% of each dollar exposed to the same underlying securities.

SPHY only 19.2% Shared 78.2% USHY only 31.0%
In SPHY only
135 positions
Shared
1,777 positions
In USHY only
113 positions

Side by side

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%
USHY

iShares Broad USD High Yield Corporate Bond ETF

iShares · US High Yield Bond

85 composite / 100
Expense ratio
0.080%
Net assets
$28.48B
TTM yield
6.89%
Top-10 conc.
14.8%

Sub-score comparison

95
Cost
92
44
Tax efficiency
44
100
Liquidity
100
100
Concentration
93
—
Tracking quality
—
SPHY sub-score USHY

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

Cost difference

SPHY is 3 bps cheaper than USHY. On a $100,000 position that's about $30/yr more in fees for USHY.

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 SPHY vs USHY.

Top shared holdings

1,777 shared in total
# Holding In SPHY In USHY Overlap
1 1261229 BC LTD 0.46% 0.47% 0.46%
2 ECHOSTAR CORP 0.42% 0.41% 0.41%
3 QUIKRETE HOLDINGS INC 0.32% 0.28% 0.28%
4 SV RNO PROPERTY OWNER 1 0.27% 0.27% 0.27%
5 CLOUD SOFTWARE GRP INC 0.31% 0.26% 0.26%
6 CLOUD SOFTWARE GRP INC 0.28% 0.25% 0.25%
7 ASURION LLC/ASURION CO 0.23% 0.25% 0.23%
8 VENTURE GLOBAL LNG INC 0.27% 0.23% 0.23%
9 WULF COMPUTE LLC 0.23% 0.25% 0.23%
10 ASURION LLC/ASURION CO 0.23% 0.23% 0.23%
11 HUB INTERNATIONAL LTD 0.22% 0.25% 0.22%
12 DISH NETWORK CORP 0.24% 0.21% 0.21%

Only in SPHY

135 total
  • State Street Global Advisors 0.25%
  • MEDLINE BORROWER LP 0.21%
  • NEXSTAR MEDIA INC 0.13%
  • MEDLINE BORROWER/MEDL CO 0.11%
  • HLF FIN SARL LLC/HERBALI 0.11%
  • LIFEPOINT HEALTH INC 0.11%
  • LIGHTNING POWER LLC 0.10%
  • SBA COMMUNICATIONS CORP 0.10%
  • UNIVISION COMMUNICATIONS 0.10%
  • LADDER CAP FIN LLLP/CORP 0.09%

Only in USHY

113 total
  • BlackRock Funds III 12.12%
  • MERIDIAN ARC HOLDCO LLC 0.11%
  • SAKS Global Enterprises LLC 0.11%
  • PR RNO PROPERTY OWNER 1 0.11%
  • CORE SCIENTIFIC FINANCE 0.08%
  • NFE FINANCING LLC 0.08%
  • EDGED COMPUTE LLC 0.08%
  • GFL ENVIRONMENTAL INC 0.07%
  • PARAMOUNT GLOBAL 0.07%
  • CLOUD SOFTWARE GRP INC 0.06%

Open SPHY or USHY 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.