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ETFs

SPDR Portfolio High Yield Bond ETF

SPHY
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 18, 2012
Expense Ratio
0.05%
Type
US Bonds
Fund Owner
State Street (SPDR)
Volume (1m avg. daily)
$31,367,136
AUM
$2,048,565,564
Associated Index
ICE BofAML US High Yield Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
STATE STREET INSTITUTIONAL LIQ
0.61%
SLH5479266
CLOUD SOFTWARE GRP INC SR SECURED 144A 03/29 6.5
0.30%
MZDM5272642
MEDLINE BORROWER LP SR SECURED 144A 04/29 3.875
0.29%
DISH5500551
DISH NETWORK CORP SR SECURED 144A 11/27 11.75
0.28%
CLSR5567746
CLOUD SOFTWARE GRP INC SECURED 144A 09/29 9
0.28%
T5226549
DIRECTV FIN LLC/COINC SR SECURED 144A 08/27 5.875
0.27%
CCL5129977
CARNIVAL CORP COMPANY GUAR 144A 03/27 5.75
0.26%
AAL5147590
AMERICAN AIRLINES/AADVAN SR SECURED 144A 04/26 5.5
0.26%
n/a
Transdigm Inc 6.25 % Notes 2019-15.03.26 Secd -144A-
0.25%
CHTR4445834
CCO HLDGS LLC/CAP CORP SR UNSECURED 144A 05/27 5.125
0.24%
Invest with SPHY

What is SPHY?

The SPDR Portfolio High Yield Bond ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the ICE BofAML US High Yield Index (the "Index"). The ICE BofAML US High Yield Index is market capitalization weighted and is designed to measure the performance of U.S. dollar denominated below investment grade (commonly referred to as "junk") corporate debt publicly issued in the U.S. domestic market.

ETFs related toSPHY

ETFs correlated to SPHY include JNK, HYLB, HYG

SPHY
SPDR Series Trust - SPDR Portfolio High Yield Bond ETF
JNK
SPDR Series Trust - SPDR Bloomberg High Yield Bond ETF
HYLB
DBX ETF Trust - Xtrackers USD High Yield Corporate Bond ETF
HYG
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD High Yield Corporate Bond ETF
HYDB
BlackRock Institutional Trust Company N.A. - iShares High Yield Bond Factor ETF
USHY
BlackRock Institutional Trust Company N.A. - iShares Broad USD High Yield Corporate Bond ETF
HYBB
iShares Trust - iShares BB Rated Corporate Bond ETF
HYDW
DBX ETF Trust - Xtrackers Low Beta High Yield Bond ETF
UJB
ProShares Trust - ProShares Ultra High Yield 2x Shares
BBHY
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders USD High Yield Corporate Bond ETF
SHYG
BlackRock Institutional Trust Company N.A. - iShares 0-5 Year High Yield Corporate Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toSPHY

#SD

Smarter Dividends

Category

Composer's Picks, Investing for the Long-Term

Risk Rating

Moderate

#PTAC

Pick the Trending Asset Class

Category

Momentum, Tactical Asset Allocation, Be Risk Aware, Ride the Momentum

Risk Rating

Moderate

Create your own algorithmic trading strategy with SPHY using Composer

News Related to SPHY

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Oct 18, 2023 • by Johnny Rice
Bonds See Inflow, Construction And Natural Gas Drop - ETF Winners And Losers: Small-Cap Flows
Read

7 ETFs Joining The SPDR Lineup of Cheap Core Funds

Sep 23, 2019 • by ETF Professor
7 ETFs Joining The SPDR Lineup of Cheap Core Funds
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FAQ

SPHY is a US Bonds ETF. The SPDR Portfolio High Yield Bond ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the ICE BofAML US High Yield Index (the "Index"). The ICE BofAML US High Yield Index is market capitalization weighted and is designed to measure the performance of U.S. dollar denominated below investment grade (commonly referred to as "junk") corporate debt publicly issued in the U.S. domestic market.

SPHY tracks the ICE BofAML US High Yield Index.

No, SPHY is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, SPHY is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on SPHY is 0.0005%. This is the percent change in the value of SPHY over the most recent 1-month period. The 3-month return on SPHY is 0.0122%. This is the percent change in the value of SPHY over the most recent 3-month period.

The standard deviation of SPHY for the past year is 0.0914%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to SPHY include IGSB, SPIB, and VCIT.

ETFs correlated to SPHY include JNK, HYLB, and HYG.

ETFs that are inversely correlated to SPHY include SJB, HIBS, and SPXU.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.