(SPHY) SPDR Portfolio High Yield - Ratings and Ratios
Exchange: NYSE ARCA • Country: USA • Currency: USD • Type: Etf • ISIN: US78468R6062 • High Yield Bond
SPHY: High, Yield, Bonds, Corporate, Debt, Securities
The SPDR Portfolio High Yield Bond ETF (SPHY) offers exposure to U.S. high-yield corporate bonds, providing investors with a way to tap into the higher yields of below-investment-grade debt. Listed on the NYSE ARCA, this ETF is structured to track the performance of its underlying index, which focuses on U.S. dollar-denominated bonds issued in the domestic market.
SPHYs investment strategy involves allocating at least 80% of its assets to securities from its index or those with similar economic traits. This approach ensures the fund closely mirrors the indexs performance, targeting debt issuances that are below investment grade but publicly traded in the U.S.
High-yield bonds, while offering attractive yields, come with higher credit risk compared to investment-grade bonds. This ETF is designed for investors seeking to balance risk and return, potentially diversifying their fixed-income portfolios with exposure to the U.S. high-yield market.
With an AUM of over $7.2 billion, SPHY is a substantial player in the high-yield bond ETF space, indicating a well-established fund with significant investor interest. Its structure allows for efficient tracking of the high-yield bond sector, making it a viable option for those looking to incorporate this asset class into their investment strategy.
Additional Sources for SPHY ETF
Tweets: X Stocktwits
Fund Manager Positions: Dataroma Stockcircle
SPHY ETF Overview
Market Cap in USD | 7,202m |
Category | High Yield Bond |
TER | 0.05% |
IPO / Inception | 2012-06-18 |
SPHY ETF Ratings
Growth 5y | 50.7% |
Fundamental | - |
Dividend | 76.0% |
Rel. Strength Industry | 11.4 |
Analysts | - |
Fair Price Momentum | 23.68 USD |
Fair Price DCF | - |
SPHY Dividends
Dividend Yield 12m | 7.04% |
Yield on Cost 5y | 8.74% |
Annual Growth 5y | 4.19% |
Payout Consistency | 96.0% |
SPHY Growth Ratios
Growth Correlation 3m | 68.8% |
Growth Correlation 12m | 97.4% |
Growth Correlation 5y | 64.2% |
CAGR 5y | 4.42% |
CAGR/Mean DD 5y | 1.13 |
Sharpe Ratio 12m | 1.40 |
Alpha | 1.82 |
Beta | 0.21 |
Volatility | 4.05% |
Current Volume | 4331.7k |
Average Volume 20d | 3450.2k |
As of February 19, 2025, the stock is trading at USD 23.74 with a total of 4,331,742 shares traded.
Over the past week, the price has changed by +0.30%, over one month by +0.52%, over three months by +1.95% and over the past year by +10.14%.
Partly, yes. Based on ValueRay Analyses, SPDR Portfolio High Yield (NYSE ARCA:SPHY) is currently (February 2025) ok to buy, but has to be watched. It has a Growth Technical Rating of 50.66 and therefor an somewhat technical positive rating according to historical growth.
Based on ValueRays Analyses, Dividends and Discounted-Cash-Flow, the Fair Value of SPHY as of February 2025 is 23.68. This means that SPHY is currently overvalued and has a potential downside of -0.25%.
SPDR Portfolio High Yield has no consensus analysts rating.
According to ValueRays Forecast Model, SPHY SPDR Portfolio High Yield will be worth about 26.4 in February 2026. The stock is currently trading at 23.74. This means that the stock has a potential upside of +11.29%.
Issuer | Forecast | Upside |
---|---|---|
Wallstreet Target Price | - | - |
Analysts Target Price | - | - |
ValueRay Target Price | 26.4 | 11.3% |