NHYB vs SPHY: Differences, Returns & Fees
NHYB's duration was 3.2 years on Jul 31, 2026 and SPHY's 3.2 on Jun 30, 2026; SPHY charges 0.05% to NHYB's 0.08%. Net assets: $1.7bn on Jul 31, 2026 for Nuveen High Yield Corporate Bond ETF, and $11.7bn on Oct 20, 2026 for State Street SPDR Portfolio High Yield Bond ETF.
SPHY costs 0.03 points a year less; their one-year returns differ by 0.4 points; SPHY is 6.8 times larger.
| NHYB | SPHY | |
|---|---|---|
| Expense ratio | 0.08% | 0.05% |
| Net assets, as of Jul 31, 2026 | $1.7bn | $11.6bn |
| Total return, 1 year | +1.5% | +1.1% |
| What it tracks | ICE BofA BB-B U.S. Cash Pay High Yield Constrained Index | ICE BofA US High Yield Index |
| Holdings in common | 73% | |
Holdings in common uses holdings dated Jun 30, 2026 and Jul 31, 2026.
NHYB and SPHY are built for the same job. How do they differ in cost, holdings and results?
- What each follows. NHYB follows ICE BofA BB-B U.S. Cash Pay High Yield Constrained Index and SPHY follows ICE BofA US High Yield Index.
- Size. NHYB has $1.7bn in net assets and SPHY $11.6bn (net assets, as of Jul 31, 2026); SPHY is 6.8 times larger.
- Holdings in common (similar). 73% of the weight is in the same securities (holdings dated Jul 31, 2026 and 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, NHYB and SPHY hold 73% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.
half
73% in common
On the same fields
NHYB and SPHY on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.
About NHYB
NHYB tracks an index. Over the year to Oct 20, 2026 it returned +1.5% with distributions reinvested, against −1.9% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.08% 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, NHYB or SPHY?
- In the year to Oct 20, 2026, with distributions reinvested, NHYB returned +1.5% and SPHY +1.1%.
- Which is cheaper, NHYB or SPHY?
- SPHY is cheaper, by 0.03 percentage points a year. That is about $3 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, NHYB against SPHY, data as of Oct 20, 2026. https://etfiq.com/compare/any/nhyb-vs-sphy
ETFIQ. (Oct 20, 2026). NHYB against SPHY. Retrieved from https://etfiq.com/compare/any/nhyb-vs-sphy
[NHYB against SPHY (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/nhyb-vs-sphy)
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