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JBBB vs SPHY: Differences, Returns & Fees

Over the year JBBB returned +4.9% to SPHY's +1.1%, and SPHY charges 0.05% to JBBB's 0.47%. Net assets: $1.4bn on Jul 31, 2026 for Janus Henderson B-BBB CLO ETF, and $11.7bn on Oct 20, 2026 for State Street SPDR Portfolio High Yield Bond ETF.

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Answers cite the figures on this page.

SPHY costs 0.42 points a year less; their one-year returns differ by 3.8 points; SPHY is 8.3 times larger.

JBBB vs SPHY: Differences, Returns & Fees
JBBBSPHY
Expense ratio0.47%0.05%
Net assets, as of Jul 31, 2026$1.4bn$11.6bn
Total return, 1 year+4.9%+1.1%
What it tracksNo index, actively managedICE BofA US High Yield Index
Holdings in common0%

Holdings in common uses holdings dated Jun 30, 2026 and Jul 31, 2026.

+4.9%
JBBB total return, 1 year
+1.1%
SPHY total return, 1 year
0.47%
JBBB expense ratio
0.05%
SPHY expense ratio

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Client brief · page 1 of 2Report BR-AE36C303AD

JBBB and SPHY are built for the same job. How do they differ in cost, holdings and results?

  1. What each follows. JBBB follows No index, actively managed and SPHY follows ICE BofA US High Yield Index.
  2. Holdings in common. 0% of the weight is in the same securities (holdings dated Jul 31, 2026 and Jun 30, 2026).
  3. One-year total return. Over 1 year to Oct 20, 2026 JBBB returned +4.9% and SPHY +1.1% with distributions reinvested, a gap of 3.8 points.

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, JBBB and SPHY hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.

half

0% in common

Positions both hold, largest shared weight first
Holding JBBB SPHY
Only in JBBB
Janus Henderson AAA CLO ETF 3.56%
Tikehau US CLO VII Ltd., Series 2025-1A, Class D1, due Feb 25, 2038 1.79%
Regatta XVIII Funding Ltd., Series 2021-1A, Class D1R, due Apr 15, 2038 1.63%
Palmer Square CLO Ltd., Series 2024-2A, Class D1R, due Jul 20, 2038 1.42%
Tikehau US CLO VI Ltd., Series 2024-1A, Class D1, due Jul 18, 2037 1.41%
Sound Point CLO 2025R-1 Ltd., Series 2025-1RA, Class D1, due Feb 20, 2038 1.18%
AGL CLO 39 Ltd., Series 2025-39A, Class D1, due Apr 20, 2038 1.11%
Regatta X Funding Ltd., Series 2017-3A, Class D1R2, due Jul 17, 2037 1.10%
Only in SPHY
1261229 BC Ltd, due Apr 15, 2032 0.42%
EchoStar Corp, due Nov 30, 2029 0.40%
Meridian Arc Holdco LLC, due Apr 30, 2031 0.40%
PR RNO Property Owner 1 LLC, due May 1, 2031 0.30%
Cloud Software Group Inc, due Mar 31, 2029 0.28%
Quikrete Holdings Inc, due Mar 1, 2032 0.28%
Cloud Software Group Inc, due Sep 30, 2029 0.27%
SV RNO Property Owner 1 LLC, due Mar 1, 2031 0.27%

Check overlap with more funds →

On the same fields

JBBB
Janus Henderson B-BBB CLO ETF
SPHY
State Street SPDR Portfolio High Yield Bond ETF
Where it sits Bond ETF Bond ETF
Issuer Janus Henderson State Street
What it is Actively managed Tracks an index
Total return, 1 year +4.9% +1.1%
Its benchmark over the same days not measured +1.0% (BBHY)
Gap to its benchmark not measured +0.1 pts vs BBHY
Expense ratio 0.47% 0.05%
Holdings 239 1930
Net assets, JBBB as of Jul 31, 2026 and SPHY as of Oct 20, 2026 $1.4bn $11.7bn

JBBB and SPHY on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.

About JBBB

JBBB is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +4.9% with distributions reinvested. The prospectus expense ratio is 0.47% a year.

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, JBBB or SPHY?
In the year to Oct 20, 2026, with distributions reinvested, JBBB returned +4.9% and SPHY +1.1%.
Which is cheaper, JBBB or SPHY?
SPHY is cheaper, by 0.42 percentage points a year. That is about $42 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
JBBB vs USHYFALN vs JBBBJBBB vs PHYLFLHY vs JBBBANGL vs SPHYJNK vs SPHYSPHY vs USHYPHYL vs SPHY
JBBB on its own →SPHY on its own →Hold both: look the portfolio through →Rankings →JBBB dividend history →JBBB holdings →SPHY dividend history →SPHY holdings →Standards and sources →
Where these figures came from
JBBB filings on SEC EDGAR ↗JBBB prospectus with the expense ratio (SEC) ↗Janus Henderson website ↗SPHY filings on SEC EDGAR ↗SPHY prospectus with the expense ratio (SEC) ↗State Street website ↗

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, JBBB against SPHY, data as of Oct 20, 2026. https://etfiq.com/compare/any/jbbb-vs-sphy

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.