SPHY vs SPY: Holdings Overlap
SPHYState Street® SPDR® Portfolio High Yield Bond ETF
State Street (SPDR) · 1902 holdings · $11.6B · as of 2026-08-06
SPYState Street® SPDR® S&P 500® ETF Trust
State Street (SPDR) · 504 holdings · $812.0B · as of 2026-08-06
How similar are SPHY and SPY?
State Street® SPDR® Portfolio High Yield Bond ETF (SPHY, by State Street (SPDR)) holds 1902 positions; State Street® SPDR® S&P 500® ETF Trust (SPY, by State Street (SPDR)) holds 504. They have 0 holdings in common, and by portfolio weight the two funds are 0.0% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 0SPHY holds 1902 · SPY holds 504
- Weight in Shared Holdings
- SPHY 0%·SPY 0%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
1902 of 1902 positions (114.5% of the fund) are not held by SPY. Showing the top 30 by weight.
- 1261229 BC LTD SR SECURED 144A 04/32 100.41%
- Uniti Group Inc 8.25 10/01/20310.40%
- Meridian Arc Holdco LLC 6.25 04/30/20310.38%
- ECHOSTAR CORP SR SECURED 11/29 10.750.38%
- Transdigm 6.375 05/31/20330.35%
- CENTENE CORP SR UNSECURED 07/28 2.450.35%
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% |
| SPY | +3.4% | +14.0% | +23.7% | +21.2% | +13.3% | +15.3% | 0.97% |
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 SPY →
Shared Holdings(0)
These two funds have no holdings in common.
Frequently Asked Questions
How much do SPHY and SPY overlap?
SPHY and SPY overlap by 0.0% of portfolio weight. They share 0 holdings (SPHY holds 1902 positions and SPY holds 504), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SPHY and SPY?
The two portfolios are 0.0% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What does SPHY own that SPY doesn't?
1902 positions (114.5% of SPHY) are unique to SPHY, led by 1261229 BC LTD SR SECURED 144A 04/32 10, Uniti Group Inc 8.25 10/01/2031 and Meridian Arc Holdco LLC 6.25 04/30/2031. In the other direction, 504 positions (99.9% of SPY) are unique to SPY.