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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
79.5 %

1,811 positions appear in both funds. Buying equal dollars of SPHY and USHY would leave roughly 79.5% of each dollar exposed to the same underlying securities.

SPHY unmatched 18.8% Shared 79.5% USHY unmatched 17.2%

Unmatched is the part of a fund's weight the other fund doesn't match: names only it holds, plus any extra weight it puts in names both funds hold.

In SPHY only
118 positions
Shared
1,811 positions
In USHY only
81 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
$11.73B
TTM yield
7.42%
Top-10 conc.
3.1%
USHY

iShares Broad USD High Yield Corporate Bond ETF

iShares · US High Yield Bond

86 composite / 100
Expense ratio
0.080%
Net assets
$26.01B
TTM yield
7.16%
Top-10 conc.
3.1%

Sub-score comparison

95
Cost
92
43
Tax efficiency
44
100
Liquidity
100
100
Concentration
100
—
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

1,811 shared in total
# Holding In SPHY In USHY Overlap
1 1261229 BC LTD 0.42% 0.47% 0.42%
2 MERIDIAN ARC HOLDCO LLC 0.40% 0.39% 0.39%
3 ECHOSTAR CORP 0.40% 0.39% 0.39%
4 PR RNO PROPERTY OWNER 1 0.30% 0.28% 0.28%
5 QUIKRETE HOLDINGS INC 0.28% 0.29% 0.28%
6 CLOUD SOFTWARE GRP INC 0.28% 0.26% 0.26%
7 CLOUD SOFTWARE GRP INC 0.27% 0.25% 0.25%
8 SV RNO PROPERTY OWNER 1 0.27% 0.24% 0.24%
9 WULF COMPUTE LLC 0.24% 0.24% 0.24%
10 CRC INSURANCE GROUP LLC 0.24% 0.23% 0.23%
11 ASURION LLC/ASURION CO 0.22% 0.26% 0.22%
12 VENTURE GLOBAL LNG INC 0.24% 0.22% 0.22%

Only in SPHY

118 total
  • DISH NETWORK CORP 0.22%
  • ZEGONA FINANCE PLC 0.10%
  • SM ENERGY CO 0.08%
  • CHART INDUSTRIES INC 0.08%
  • RESIDEO FUNDING INC 0.07%
  • TALOS PRODUCTION INC 0.07%
  • FS KKR CAPITAL CORP 0.07%
  • Seagate Data Storage Technology Pte Ltd 0.06%
  • PARAMOUNT GLOBAL 0.06%
  • VIASAT INC 0.06%

Only in USHY

81 total
  • GALAXY HELIOS DATA CNTR 0.12%
  • CARRIX INC 0.10%
  • CORELOGIC INC 0.09%
  • CARNIVAL CORP LTD 0.08%
  • CARNIVAL CORP LTD 0.07%
  • CARNIVAL CORP LTD 0.06%
  • SEAGATE DATA STOR 0.05%
  • DISH DBS CORP 0.05%
  • RESIDEO FUNDING II LLC 0.04%
  • CITGO PETROLEUM CORP 0.04%

Percentages are holdings overlap with the named fund.

Open SPHY or USHY at a brokerage

Both funds trade commission-free at major US brokerages.

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.