SPDR Portfolio High Yield Bond ETF

SPHY

Market cap $9.2B

Overview Fund Activity

23.89 USD

-0.03

0.13%

At close Updated Sep 17, 4:00 PM EDT

Pre-market

After hours

23.93

+0.04

0.17%

1 day

-0.13%

5 days

0.21%

1 month

0.84%

3 months

1.83%

6 months

1.79%

Year to date

1.53%

1 year

-0.08%

5 years

-6.2%

10 years

-5.57%

0

Funds holding %

of 7,463 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

75% more repeat investments, than reductions

Existing positions increased: 219 | Existing positions reduced: 125

3% more funds holding in top 10

Funds holding in top 10: 31 [Q1] → 32 (+1) [Q2]

1.68% more ownership

Funds ownership: 67.79% [Q1] → 69.47% (+1.68%) [Q2]

7% more first-time investments, than exits

New positions opened: 63 | Existing positions closed: 59

3% more capital invested

Capital invested by funds: $5.91B [Q1] → $6.06B (+$156M) [Q2]

1% less funds holding

Funds holding: 448 [Q1] → 445 (-3) [Q2]

See Fund Rankings

Financial journalist opinion

SPHY: Historically Tight High-Yield Spread Keeps Me On The Sidelines

I reiterate a hold rating on SPHY, as high-yield spreads are tight and upside appears limited despite a strong macro backdrop. SPHY offers a reasonable yield near 7%, low expenses, and solid liquidity, making it a decent choice for retail investors in tax-sheltered accounts. Technical signals are mixed, with shares stuck below $24 resistance and a flat 200-day moving average, suggesting continued range-bound trading.

SPHY: Historically Tight High-Yield Spread Keeps Me On The Sidelines

The Motley Fool

3 Top ETFs I Can't Wait to Buy in July to Boost My Passive Income

My top financial goal is to grow my passive income to the point where it will cover my basic living expenses. That would give me freedom from worrying about working to pay the bills.

3 Top ETFs I Can't Wait to Buy in July to Boost My Passive Income

SPHY: A Good Choice For Income-Focused Investors

SPHY offers exposure to US high-yield corporate bonds with attractive yields and low call risk, making it suitable for income-focused investors. Current macroeconomic indicators—loose financial conditions, stable bank reserves, and moderate volatility—support a favorable environment for high-yield bonds. Credit spreads remain compressed, reflecting healthy market sentiment; monitoring for spread widening is crucial for risk management.

SPHY: A Good Choice For Income-Focused Investors

Why Fixed Income ETFs are Gaining Share

Earlier in May, VettaFi hosted an Income Investment Strategy Symposium. Many of the experts we talked to highlighted ETFs and we partially marketed the event on this website with “ETF” in the name.

Why Fixed Income ETFs are Gaining Share

Profit From Wider Credit Spreads With These High-Yield Bond Funds

The ongoing trade war has led to a massive increase in uncertainty and bearish sentiment. Credit spreads have widened as a result, going from their lowest levels in history, to solidly above-average. Investing in high-yield corporate bond funds seems like an easy way to profit from these changes.

Profit From Wider Credit Spreads With These High-Yield Bond Funds

SPHY: Credit Turmoil Rattles Junk Bonds, Caution Still Warranted

The S&P 500 has plunged 15% since President Trump's tariff announcement, impacting US stocks, global equities, Treasuries, commodities, and crypto. SPHY, a high-yield bond ETF, has seen significant growth but is vulnerable due to its high exposure to Consumer Discretionary and Energy sectors. Despite a high yield to maturity of 9%, SPHY faces risks with a potential 600 basis point junk bond spread, suggesting further price drops.

SPHY: Credit Turmoil Rattles Junk Bonds, Caution Still Warranted

SPHY: Let's Not Forget That When Yields Go Up, So Do The Risks (For Real)

The HY segment is facing unique challenges, with recession fears outweighing benefits from expected Fed rate cuts, leading to wider spreads and potential default rate increases. SPHY has a competitive expense ratio, offering a better yield than USHY despite being less liquid. Key risks include declining corporate revenues, a wave of debt refinancing in 2025-2026, and capital flight to safer assets, which could further widen spreads.

SPHY: Let's Not Forget That When Yields Go Up, So Do The Risks (For Real)

Trending Funds With High Yield - SPHY Yielding 7.7%

Stock prices are high and concentrated, which implies below-average long term returns, while high starting yields are favorable for bonds. The article recommends a balanced approach to investing in bonds, which may include a portion in high-yielding funds with a history of high risk-adjusted performance. Fourteen funds in High Yield, Loan Participation, and Investment Grade Lipper Categories are analyzed.

Trending Funds With High Yield - SPHY Yielding 7.7%

SPHY: A Neutral Risk/Reward Today

Interest rates have fallen recently, and despite initial inflation concerns post-election, disappointing economic data has led to softer Treasury rates. SPHY offers a 7.5% yield to maturity with a low expense ratio, but tight credit spreads signal confidence in low-quality issuers meeting obligations. SPHY's performance has been strong, with a bullish technical outlook and historical January gains, but I maintain a hold rating due to compressed yields.

SPHY: A Neutral Risk/Reward Today

Undercovered ETFs: Nuclear, Uranium, China, India +

The 'Undercovered' Dozen series highlights lesser-covered ETFs, offering insights from various authors on potential investment opportunities and market trends. Global X Uranium ETF is seen as well-placed for a uranium bull market, driven by increasing demand for nuclear energy from major tech companies. iShares MSCI India ETF offers exposure to India's fast-growing economy, presenting perhaps a strong investment opportunity despite recent pullbacks due to shifts towards the Chinese market.

Undercovered ETFs: Nuclear, Uranium, China, India +

See News Rankings

Charts implemented using Lightweight Charts™