JNK vs SPHY: Differences, Returns & Fees
On Jun 30, 2026 JNK's duration was 3.4 years and SPHY's 3.2; SPHY charges 0.05% to JNK's 0.40%. Net assets on Oct 20, 2026: $5.5bn for State Street SPDR Bloomberg High Yield Bond ETF and $11.7bn for State Street SPDR Portfolio High Yield Bond ETF.
SPHY costs 0.35 points a year less; both returned +1.1% over a year; SPHY is 2.1 times larger.
| JNK | SPHY | |
|---|---|---|
| Expense ratio | 0.40% | 0.05% |
| Net assets | $5.5bn | $11.7bn |
| Total return, 1 year | +1.1% | +1.1% |
| What it tracks | Bloomberg High Yield Very Liquid Index | ICE BofA US High Yield Index |
| Holdings in common | 64% | |
| Below its high | 3.0%, high on Aug 25, 2026 | |
Holdings in common uses holdings dated Jun 30, 2026.
JNK and SPHY are built for the same job. How do they differ in cost, holdings and results?
- What each follows. JNK follows Bloomberg High Yield Very Liquid Index and SPHY follows ICE BofA US High Yield Index.
- Cost. JNK charges 0.40% of assets a year and SPHY 0.05%, a gap of 0.35 points.
- Holdings in common (similar). 64% of the weight is in the same securities (holdings dated Jun 30, 2026).
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, JNK and SPHY hold 64% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026.
half
64% in common
On the same fields
JNK and SPHY on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.
About JNK
JNK tracks the Bloomberg High Yield Bond. Over the year to Oct 20, 2026 it returned +1.1% with distributions reinvested, against −1.9% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.40% a year. It sat 3.0% 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, JNK or SPHY?
- In the year to Oct 20, 2026, with distributions reinvested, JNK returned +1.1% and SPHY +1.1%.
- Which is cheaper, JNK or SPHY?
- SPHY is cheaper, by 0.35 percentage points a year. That is about $35 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, JNK against SPHY, data as of Oct 20, 2026. https://etfiq.com/compare/any/jnk-vs-sphy
ETFIQ. (Oct 20, 2026). JNK against SPHY. Retrieved from https://etfiq.com/compare/any/jnk-vs-sphy
[JNK against SPHY (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/jnk-vs-sphy)
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