SPHY vs SJNK: Holdings Overlap
SPHYState Street® SPDR® Portfolio High Yield Bond ETF
State Street (SPDR) · 1902 holdings · $11.6B · as of 2026-08-06
SJNKState Street® SPDR® Bloomberg Short Term High Yield Bond ETF
State Street (SPDR) · 1145 holdings · $4.8B · as of 2026-08-06
How similar are SPHY and SJNK?
State Street® SPDR® Portfolio High Yield Bond ETF (SPHY, by State Street (SPDR)) holds 1902 positions; State Street® SPDR® Bloomberg Short Term High Yield Bond ETF (SJNK, by State Street (SPDR)) holds 1145. They have 1040 holdings in common, and by portfolio weight the two funds are 56.9% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 56.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 1040SPHY holds 1902 · SJNK holds 1145
- Weight in Shared Holdings
- SPHY 68%·SJNK 90%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 SPHY
862 of 1902 positions (46.4% of the fund) are not held by SJNK. Showing the top 30 by weight.
- 1261229 BC LTD SR SECURED 144A 04/32 100.41%
- Transdigm 6.375 05/31/20330.35%
- VODAFONE GROUP PLC JR SUBORDINA 04/79 VAR0.35%
- QXO BUILDING PRODUCTS SR SECURED 144A 04/32 6.750.31%
- Lumen Technologies, Inc. 6.875 06/30/20330.31%
- Venture Global 6.5 01/15/20340.31%
Only in SJNK
105 of 1145 positions (7.8% of the fund) are not held by SPHY. Showing the top 30 by weight.
- DISH DBS CORP SR SECURED 144A 12/26 5.250.35%
- Charter Communications 5.125 05/01/20270.24%
- IQVIA INC COMPANY GUAR 144A 05/27 50.23%
- AIR CANADA SR SECURED 144A 08/26 3.8750.23%
- BUCKEYE PARTNERS LP SR UNSECURED 12/26 3.950.20%
- CHURCHILL DOWNS INC COMPANY GUAR 144A 04/27 5.50.19%
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| SPHY | +0.3% | +2.5% | +5.7% | +8.6% | +4.4% | +4.9% | 7.21% |
| SJNK | +0.3% | +2.3% | +5.1% | +7.9% | +4.9% | +5.3% | 6.99% |
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 SPHY vs SJNK →
Shared Holdings(1040)
The top 10 shared positions account for 5% of the overlap, led by Meridian Arc Holdco LLC 6.25 04/30/2031, ECHOSTAR CORP SR SECURED 11/29 10.75 and CCO HLDGS LLC/CAP CORP SR UNSECURED 144A 02/28 5.
| Meridian Arc Holdco LLC 6.25 04/30/2031 | 0.38% | 0.62% | 0.38% |
|---|---|---|---|
| ECHOSTAR CORP SR SECURED 11/29 10.75 | 0.38% | 0.65% | 0.38% |
| CCO HLDGS LLC/CAP CORP SR UNSECURED 144A 02/28 5 | 0.35% | 0.31% | 0.31% |
| Staples 10.75 09/01/2029 | 0.29% | 0.31% | 0.29% |
| PR RNO Property Owner 1 LLC 6.5 05/01/2031 | 0.28% | 0.48% | 0.28% |
| CAESARS ENTERTAIN INC SR SECURED 144A 02/30 7 | 0.35% | 0.28% | 0.28% |
| Cloud Software Group 6.5 03/31/2029 | 0.27% | 0.42% | 0.27% |
| Cloud Software Group 9 09/30/2029 | 0.27% | 0.47% | 0.27% |
| Rock Holdings Inc 6.125 08/01/2030 | 0.27% | 0.26% | 0.26% |
| CONNECT HOLDING II LLC SR SECURED 144A 04/31 10.5 | 0.29% | 0.26% | 0.26% |
| 1011778 BC / NEW RED FIN SECURED 144A 10/30 4 | 0.32% | 0.26% | 0.26% |
| CRC INSURANCE GROUP LLC SR SECURED 144A 06/31 7.125 | 0.25% | 0.38% | 0.25% |
| UKG INC SR SECURED 144A 02/31 6.875 | 0.28% | 0.25% | 0.25% |
| Fleet Data Centers I LP 5.875 03/01/2031 | 0.24% | 0.42% | 0.24% |
| CORE SCIENTIFIC FINANCE SR SECURED 144A 05/31 7.75 | 0.24% | 0.35% | 0.24% |
| CENTENE CORP SR UNSECURED 07/28 2.45 | 0.35% | 0.23% | 0.23% |
| CENTENE CORP SR UNSECURED 12/29 4.625 | 0.23% | 0.50% | 0.23% |
| AMERICAN AIRLINES/AADVAN SR SECURED 144A 04/29 5.75 | 0.23% | 0.31% | 0.23% |
| ALLIANT HOLD / CO ISSUER SR SECURED 144A 04/28 6.75 | 0.29% | 0.22% | 0.22% |
| VENTURE GLOBAL LNG INC SR SECURED 144A 02/29 9.5 | 0.22% | 0.42% | 0.22% |
| WULF COMPUTE LLC SR SECURED 144A 10/30 7.75 | 0.21% | 0.40% | 0.21% |
| Charter Communications 4.75 03/01/2030 | 0.21% | 0.37% | 0.21% |
| TRANSDIGM INC SR SECURED 144A 03/29 6.375 | 0.21% | 0.44% | 0.21% |
| Hub International Limited 7.25 06/15/2030 | 0.21% | 0.32% | 0.21% |
| MAUSER PACKAGING SOLUT SR SECURED 144A 04/30 7.875 | 0.20% | 0.37% | 0.20% |
Showing the top 250 of 1040 shared holdings by overlap weight.
Frequently Asked Questions
How much do SPHY and SJNK overlap?
SPHY and SJNK overlap by 56.9% of portfolio weight. They share 1040 holdings (SPHY holds 1902 positions and SJNK holds 1145), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SPHY and SJNK?
The two portfolios are 56.9% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of SPHY and SJNK?
The largest positions held by both funds are Meridian Arc Holdco LLC 6.25 04/30/2031, ECHOSTAR CORP SR SECURED 11/29 10.75, CCO HLDGS LLC/CAP CORP SR UNSECURED 144A 02/28 5, Staples 10.75 09/01/2029 and PR RNO Property Owner 1 LLC 6.5 05/01/2031. Together the top 10 shared positions account for 5% of the total overlap.
What does SPHY own that SJNK doesn't?
862 positions (46.4% of SPHY) are unique to SPHY, led by 1261229 BC LTD SR SECURED 144A 04/32 10, Transdigm 6.375 05/31/2033 and VODAFONE GROUP PLC JR SUBORDINA 04/79 VAR. In the other direction, 105 positions (7.8% of SJNK) are unique to SJNK.