(SPHY) Portfolio High Yield Bond - Overview
ETF Category: High Yield Bond | Exchange: NYSE (USA) | Market Cap: 11.067m USD | Total Return: 6.9% in 12m
Avg Turnover: 91.8M
Warnings
No concerns identified
Tailwinds
No distinct edge detected
SPDR Portfolio High Yield Bond (SPHY) is an exchange-traded fund designed to track the performance of the U.S. dollar-denominated high-yield corporate bond market. The fund maintains a policy of investing at least 80% of its assets in securities that mirror the characteristics of its benchmark index, which focuses on debt issued by companies with credit ratings below investment grade.
The high-yield bond sector consists of corporate debt that offers higher interest rates to compensate investors for increased credit risk compared to government or investment-grade corporate bonds. These instruments are often issued by companies with higher leverage or those operating in cyclical industries, making them sensitive to changes in economic growth and corporate default rates. Investors can find more detailed performance metrics and risk assessments on ValueRay.
As a large-cap ETF with over $11 billion in assets, SPHY provides liquid access to a diversified portfolio of junk bonds across various industrial, utility, and financial sectors. The funds primary objective is to capture the income potential of the domestic below-investment-grade market while maintaining a low-cost structure typical of the SPDR Portfolio suite.
- Federal Reserve interest rate cuts increase underlying bond valuations
- Corporate default rates impact net asset value and yield spreads
- Tightening credit spreads drive capital appreciation in junk bonds
- High coupon income offsets price volatility in stable macro environments
As of June 07, 2026, the stock is trading at USD 23.27 with a total of 7,903,004 shares traded.
Over the past week, the price has changed by -0.52%,
over one month by +0.03%,
over three months by +1.00% and
over the past year by +6.85%.
Portfolio High Yield Bond has no consensus analysts rating.