HYDB vs SPHY: Differences, Returns & Fees
HYDB's duration was 3.2 years on May 31, 2026 and SPHY's 3.2 on Jun 30, 2026; SPHY charges 0.05% to HYDB's 0.35%. Net assets on Oct 20, 2026: $1.5bn for iShares High Yield Systematic Bond ETF and $11.7bn for State Street SPDR Portfolio High Yield Bond ETF.
SPHY costs 0.30 points a year less; their one-year returns differ by 0.8 points; SPHY is 7.8 times larger.
| HYDB | SPHY | |
|---|---|---|
| Expense ratio | 0.35% | 0.05% |
| Net assets | $1.5bn | $11.7bn |
| Total return, 1 year | +0.3% | +1.1% |
| What it tracks | BlackRock High Yield Systematic Bond Index | ICE BofA US High Yield Index |
| Holdings in common | 13% | |
| Below its high | 3.6%, high on Aug 25, 2026 | |
Holdings in common uses holdings dated May 31, 2026 and Jun 30, 2026.
HYDB and SPHY are built for the same job. How do they differ in cost, holdings and results?
- What each follows. HYDB follows BlackRock High Yield Systematic Bond Index and SPHY follows ICE BofA US High Yield Index.
- Holdings in common. 13% of the weight is in the same securities (holdings dated May 31, 2026 and Jun 30, 2026).
- Number of holdings. HYDB holds 257 positions and SPHY holds 1930.
Data as of Oct 20, 2026. The differences are picked by a fixed rule, in a fixed order; the PDF prints it. Page 2 has the returns, overlap, risks and sources.
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What they hold in common
By the books each fund has filed, HYDB and SPHY hold 13% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Jun 30, 2026.
half
13% in common
On the same fields
HYDB and SPHY on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.
About HYDB
HYDB tracks an index. Over the year to Oct 20, 2026 it returned +0.3% with distributions reinvested, against −1.6% for its benchmark, the Bloomberg U.S. Universal Index. The prospectus expense ratio is 0.35% a year. It sat 3.6% below its high of Aug 25, 2026 on Oct 20, 2026.
About SPHY
SPHY tracks an index. Over the year to Oct 20, 2026 it returned +1.1% with distributions reinvested, against +1.0% for its benchmark, the ICE BofA US High Yield Index. The prospectus expense ratio is 0.05% a year.
Questions people ask
- Which returned more over the last year, HYDB or SPHY?
- In the year to Oct 20, 2026, with distributions reinvested, HYDB returned +0.3% and SPHY +1.1%.
- Which is cheaper, HYDB or SPHY?
- SPHY is cheaper, by 0.30 percentage points a year. That is about $30 on $10,000 held for a year. Fees come from each fund's prospectus.
ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
Cite this pageCitation, APA and Markdown
ETFIQ, HYDB against SPHY, data as of Oct 20, 2026. https://etfiq.com/compare/any/hydb-vs-sphy
ETFIQ. (Oct 20, 2026). HYDB against SPHY. Retrieved from https://etfiq.com/compare/any/hydb-vs-sphy
[HYDB against SPHY (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/hydb-vs-sphy)
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