JNK vs SPHY: Holdings Overlap
JNKState Street® SPDR® Bloomberg High Yield Bond ETF
State Street (SPDR) · 1204 holdings · $7.1B · as of 2026-08-06
SPHYState Street® SPDR® Portfolio High Yield Bond ETF
State Street (SPDR) · 1902 holdings · $11.6B · as of 2026-08-06
How similar are JNK and SPHY?
State Street® SPDR® Bloomberg High Yield Bond ETF (JNK, by State Street (SPDR)) holds 1204 positions; State Street® SPDR® Portfolio High Yield Bond ETF (SPHY, by State Street (SPDR)) holds 1902. They have 1127 holdings in common, and by portfolio weight the two funds are 68.5% identical. In practical terms the pair is heavily overlapping, with largely the same stocks driving both funds.
- Overlap by Weight
- 68.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 1127JNK holds 1204 · SPHY holds 1902
- Weight in Shared Holdings
- JNK 96%·SPHY 81%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in JNK
77 of 1204 positions (2.2% of the fund) are not held by SPHY. Showing the top 30 by weight.
- NCL CORPORATION LTD SR UNSECURED 144A 02/32 6.750.15%
- WYNN MACAU LTD SR UNSECURED 144A 02/34 6.750.13%
- ALLIED UNIVERSAL SR SECURED 144A 06/30 6.8750.13%
- PHOTO HOLDINGS LLC SR SECURED 144A 07/31 120.13%
- SKEENA RESOURCES LIMITED SR SECURED 144A 04/31 8.50.10%
- COMPASS MINERALS INTERNA COMPANY GUAR 144A 07/30 80.10%
Only in SPHY
775 of 1902 positions (33.4% of the fund) are not held by JNK. Showing the top 30 by weight.
- CENTENE CORP SR UNSECURED 07/28 2.450.35%
- CCO HLDGS LLC/CAP CORP SR UNSECURED 144A 02/31 4.250.35%
- VODAFONE GROUP PLC JR SUBORDINA 04/79 VAR0.35%
- CCO HLDGS LLC/CAP CORP SR UNSECURED 144A 02/28 50.35%
- 1011778 BC / NEW RED FIN SECURED 144A 10/30 40.32%
- ECHOSTAR CORP SR SECURED 11/30 6.750.30%
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| JNK | +0.3% | +2.4% | +5.8% | +8.4% | +3.7% | +4.7% | 6.61% |
| SPHY | +0.3% | +2.5% | +5.7% | +8.6% | +4.4% | +4.9% | 7.21% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in JNK vs SPHY →
Shared Holdings(1127)
The top 10 shared positions account for 4% of the overlap, led by 1261229 BC LTD SR SECURED 144A 04/32 10, Meridian Arc Holdco LLC 6.25 04/30/2031 and ECHOSTAR CORP SR SECURED 11/29 10.75.
| 1261229 BC LTD SR SECURED 144A 04/32 10 | 0.63% | 0.41% | 0.41% |
|---|---|---|---|
| Meridian Arc Holdco LLC 6.25 04/30/2031 | 0.55% | 0.38% | 0.38% |
| ECHOSTAR CORP SR SECURED 11/29 10.75 | 0.47% | 0.38% | 0.38% |
| Transdigm 6.375 05/31/2033 | 0.31% | 0.35% | 0.31% |
| PR RNO Property Owner 1 LLC 6.5 05/01/2031 | 0.45% | 0.28% | 0.28% |
| Uniti Group Inc 8.25 10/01/2031 | 0.27% | 0.40% | 0.27% |
| Cloud Software Group 6.5 03/31/2029 | 0.40% | 0.27% | 0.27% |
| Cloud Software Group 9 09/30/2029 | 0.35% | 0.27% | 0.27% |
| QUIKRETE HOLDINGS INC SR SECURED 144A 03/32 6.375 | 0.43% | 0.25% | 0.25% |
| CRC INSURANCE GROUP LLC SR SECURED 144A 06/31 7.125 | 0.36% | 0.25% | 0.25% |
| Fleet Data Centers I LP 5.875 03/01/2031 | 0.35% | 0.24% | 0.24% |
| CORE SCIENTIFIC FINANCE SR SECURED 144A 05/31 7.75 | 0.35% | 0.24% | 0.24% |
| CAESARS ENTERTAIN INC SR SECURED 144A 02/30 7 | 0.24% | 0.35% | 0.24% |
| Warner Bros Discovery Inc 4.279 03/15/2032 | 0.24% | 0.30% | 0.24% |
| TRANSDIGM INC SR SECURED 144A 03/32 6.625 | 0.32% | 0.24% | 0.24% |
| NEXSTAR MEDIA INC SR SECURED 144A 09/33 6.5 | 0.35% | 0.24% | 0.24% |
| JANE STREET GRP/JSG FIN SR SECURED 144A 11/32 6.125 | 0.24% | 0.30% | 0.24% |
| UKG INC SR SECURED 144A 02/31 6.875 | 0.24% | 0.28% | 0.24% |
| GALAXY HELIOS DATA CNTR SR SECURED 144A 08/31 9.875 | 0.36% | 0.22% | 0.22% |
| Staples 10.75 09/01/2029 | 0.22% | 0.29% | 0.22% |
| QXO BUILDING PRODUCTS SR SECURED 144A 04/32 6.75 | 0.22% | 0.31% | 0.22% |
| VENTURE GLOBAL LNG INC SR SECURED 144A 02/29 9.5 | 0.35% | 0.22% | 0.22% |
| ASURION LLC/ASURION CO SECURED 144A 02/34 8.375 | 0.31% | 0.22% | 0.22% |
| WULF COMPUTE LLC SR SECURED 144A 10/30 7.75 | 0.32% | 0.21% | 0.21% |
| Lumen Technologies, Inc. 6.875 06/30/2033 | 0.21% | 0.31% | 0.21% |
Showing the top 250 of 1127 shared holdings by overlap weight.
Frequently Asked Questions
How much do JNK and SPHY overlap?
JNK and SPHY overlap by 68.5% of portfolio weight. They share 1127 holdings (JNK holds 1204 positions and SPHY holds 1902), based on each fund's latest SEC-reported holdings.
Is it redundant to own both JNK and SPHY?
The two portfolios are 68.5% identical by weight. Owning both mostly doubles down on the shared core rather than diversifying: the same large positions drive both funds.
What are the biggest shared holdings of JNK and SPHY?
The largest positions held by both funds are 1261229 BC LTD SR SECURED 144A 04/32 10, Meridian Arc Holdco LLC 6.25 04/30/2031, ECHOSTAR CORP SR SECURED 11/29 10.75, Transdigm 6.375 05/31/2033 and PR RNO Property Owner 1 LLC 6.5 05/01/2031. Together the top 10 shared positions account for 4% of the total overlap.
What does JNK own that SPHY doesn't?
77 positions (2.2% of JNK) are unique to JNK, led by NCL CORPORATION LTD SR UNSECURED 144A 02/32 6.75, WYNN MACAU LTD SR UNSECURED 144A 02/34 6.75 and ALLIED UNIVERSAL SR SECURED 144A 06/30 6.875. In the other direction, 775 positions (33.4% of SPHY) are unique to SPHY.