SJNK vs SPHY: Differences, Returns & Fees
On Jun 30, 2026 SJNK's duration was 2.3 years and SPHY's 3.2; SPHY charges 0.05% to SJNK's 0.40%. Net assets on Oct 20, 2026: $4.4bn for State Street SPDR Bloomberg Short Term High Yield Bond ETF and $11.7bn for State Street SPDR Portfolio High Yield Bond ETF.
SPHY costs 0.35 points a year less; their one-year returns differ by 0.1 points; SPHY is 2.7 times larger.
| SJNK | SPHY | |
|---|---|---|
| Expense ratio | 0.40% | 0.05% |
| Net assets | $4.4bn | $11.7bn |
| Total return, 1 year | +1.2% | +1.1% |
| What it tracks | Bloomberg US High Yield 350mn Cash Pay 0-5 Yr 2% Capped Index | ICE BofA US High Yield Index |
| Holdings in common | 54% | |
Holdings in common uses holdings dated Jun 30, 2026.
SJNK and SPHY are built for the same job. How do they differ in cost, holdings and results?
- What each follows. SJNK follows Bloomberg US High Yield 350mn Cash Pay 0-5 Yr 2% Capped Index and SPHY follows ICE BofA US High Yield Index.
- Cost. SJNK charges 0.40% of assets a year and SPHY 0.05%, a gap of 0.35 points.
- Holdings in common (similar). 54% 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, SJNK and SPHY hold 54% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026.
half
54% in common
On the same fields
SJNK and SPHY on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.
About SJNK
SJNK tracks an index. Over the year to Oct 20, 2026 it returned +1.2% 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.
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, SJNK or SPHY?
- In the year to Oct 20, 2026, with distributions reinvested, SJNK returned +1.2% and SPHY +1.1%.
- Which is cheaper, SJNK 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.
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ETFIQ, SJNK against SPHY, data as of Oct 20, 2026. https://etfiq.com/compare/any/sjnk-vs-sphy
ETFIQ. (Oct 20, 2026). SJNK against SPHY. Retrieved from https://etfiq.com/compare/any/sjnk-vs-sphy
[SJNK against SPHY (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/sjnk-vs-sphy)
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