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ETF comparison

SPHY vs SRLN

Both US High Yield Bond.

State Street SPDR Portfolio High Yield Bond ETF · State Street Blackstone Senior Loan ETF

Holdings overlap

Weighted by ISIN/CUSIP
6.2 %

269 positions appear in both funds. Buying equal dollars of SPHY and SRLN would leave roughly 6.2% of each dollar exposed to the same underlying securities.

SPHY only 91.2% Shared 6.2% SRLN only 95.5%
In SPHY only
1,643 positions
Shared
269 positions
In SRLN only
392 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%
SRLN

State Street Blackstone Senior Loan ETF

State Street · US High Yield Bond

55 composite / 100
Expense ratio
0.70%
Net assets
$5.20B
TTM yield
7.41%
Top-10 conc.
22.2%

Sub-score comparison

95
Cost
30
44
Tax efficiency
43
100
Liquidity
88
100
Concentration
83
—
Tracking quality
—
SPHY sub-score SRLN

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

Cost difference

SPHY is 65 bps cheaper than SRLN. On a $100,000 position that's about $650/yr more in fees for SRLN.

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 SRLN.

Top shared holdings

269 shared in total
# Holding In SPHY In SRLN Overlap
1 State Street Global Advisors 0.25% 6.97% 0.25%
2 TRANSDIGM INC 0.20% 0.10% 0.10%
3 COREWEAVE INC 0.10% 0.10% 0.10%
4 JETBLUE AIRWAYS/LOYALTY 0.12% 0.09% 0.09%
5 NGL ENRGY OP/FIN CORP 0.10% 0.09% 0.09%
6 US FOODS INC 0.11% 0.08% 0.08%
7 ASURION LLC/ASURION CO 0.23% 0.08% 0.08%
8 NISSAN MOTOR CO 0.17% 0.08% 0.08%
9 FAIR ISAAC CORP 0.08% 0.07% 0.07%
10 MICHAELS COS INC/THE 0.10% 0.07% 0.07%
11 B&G FOODS INC 0.07% 0.09% 0.07%
12 WAYFAIR LLC 0.07% 0.07% 0.07%

Only in SPHY

1,643 total
  • 1261229 BC LTD 0.46%
  • QUIKRETE HOLDINGS INC 0.32%
  • CLOUD SOFTWARE GRP INC 0.28%
  • VENTURE GLOBAL LNG INC 0.27%
  • DISH NETWORK CORP 0.24%
  • PANTHER ESCROW ISSUER 0.24%
  • TRANSDIGM INC 0.23%
  • CCO HLDGS LLC/CAP CORP 0.22%
  • AMERICAN AIRLINES/AADVAN 0.22%
  • HUB INTERNATIONAL LTD 0.22%

Only in SRLN

392 total
  • Gainwell Acquisition Corp 2.36%
  • Global Medical Response Inc 2.00%
  • TransDigm Inc 1.74%
  • DAYFORCE INC 1.48%
  • Michaels Companies, Inc. (The) 1.46%
  • Jane Street Group LLC 1.39%
  • UKG Inc 1.38%
  • American Airlines, Inc. 1.32%
  • Great Outdoors Group LLC 1.24%
  • Rocket Software Inc 1.23%

Open SPHY or SRLN 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.