State Street(R) SPDR(R) Portfolio High Yield Bond ETF (SPHY) -

Key Metrics

TER 0.05% per year

Distribution policy Distributing

Fund size USD 10,062 M

Inception date June 18, 2012

Holdings 1,927

Fund currency USD

Fund domicile US

Provider SPDR

For full official fund details, factsheets, and holdings, visit ssga.com (opens in new tab).

Historical Return

Last updated: Jul 01, 2026

1 Year -0.8% +7.2% Div

3 Years (avg.) +1.1% +7.2% Div

5 Years (avg.) -2.7% +7.2% Div

Risk & Analysis Metrics

Last updated: Jul 01, 2026

Volatility

3.92% 1 Year

5.28% 3 Years

7.27% 5 Years

7.94% 10 Years

Max Drawdown

-3.80% 1 Year

-6.94% 3 Years

-19.45% 5 Years

-23.15% 10 Years

Sharpe Ratio

-1.25 1 Year

-0.59 3 Years

-0.92 5 Years

-0.62 10 Years

Return Triangle (Heatmap)

Last updated: Jul 01, 2026

	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
2012	4.9%	-0.4%	0.5%	-1.5%	0.0%	0.4%	-0.7%	0.3%	0.3%	0.3%	-1.3%	-0.8%	-0.7%	-0.6%
2013		-5.5%	-1.6%	-3.6%	-1.2%	-0.5%	-1.5%	-0.3%	-0.3%	-0.2%	-1.9%	-1.3%	-1.1%	-1.0%
2014			2.4%	-2.6%	0.3%	0.7%	-0.7%	0.5%	0.5%	0.5%	-1.5%	-0.9%	-0.7%	-0.6%
2015				-7.5%	-0.7%	0.2%	-1.5%	0.2%	0.2%	0.2%	-1.9%	-1.2%	-1.0%	-0.9%
2016					6.5%	4.3%	0.6%	2.2%	1.8%	1.6%	-1.1%	-0.4%	-0.3%	-0.2%
2017						2.1%	-2.3%	0.8%	0.6%	0.6%	-2.3%	-1.4%	-1.1%	-0.9%
2018							-6.5%	0.1%	0.2%	0.2%	-3.2%	-1.9%	-1.6%	-1.3%
2019								7.1%	3.7%	2.6%	-2.4%	-1.0%	-0.7%	-0.5%
2020									0.3%	0.4%	-5.3%	-2.9%	-2.2%	-1.8%
2021										0.5%	-8.0%	-4.0%	-2.9%	-2.2%
2022											-15.8%	-6.1%	-3.9%	-2.8%
2023												4.7%	2.6%	1.9%
2024													0.6%	0.6%
2025														0.6%

Distributions

*by ETF Portfolio Weight Last updated: Jul 01, 2026

Profit Margin Distribution

< 0%

29%

1y 3y N/A N/A

0 - 5%

29%

1y 3y N/A N/A

5 - 10%

21%

1y 3y N/A N/A

10 - 15%

1y 3y N/A N/A

15 - 20%

1y 3y N/A N/A

20 - 30%

1y 3y N/A N/A

30 - 40%

1y 3y N/A N/A

> 40%

1y 3y N/A N/A

P/E Ratio Distribution

< 0

27%

1y 3y N/A N/A

0 - 10

13%

1y 3y N/A N/A

10 - 15

12%

1y 3y N/A N/A

15 - 20

10%

1y 3y N/A N/A

20 - 25

1y 3y N/A N/A

25 - 35

1y 3y N/A N/A

35 - 50

1y 3y N/A N/A

> 50

19%

1y 3y N/A N/A

Discounted Cash Flow

Weighted Average Undervaluation

N/A

Undervalued

> 60%

1y 3y N/A N/A

45 - 60%

1y 3y N/A N/A

30 - 45%

1y 3y N/A N/A

15 - 30%

1y 3y N/A N/A

Fair (±15%)

1y 3y N/A N/A

Overvalued

15 - 30%

1y 3y N/A N/A

30 - 45%

1y 3y N/A N/A

45 - 60%

1y 3y N/A N/A

> 60%

1y 3y N/A N/A

Market Cap Size Distribution

Micro Cap

1.6%

1y 3y N/A N/A

Small Cap

15.0%

1y 3y N/A N/A

Mid Cap

46.7%

1y 3y N/A N/A

Large Cap

36.7%

1y 3y N/A N/A

Mega Cap

0.0%

1y 3y N/A N/A

Micro: < $300M Small: $300M–$2B Mid: $2B–$10B Large: $10B–$200B Mega: > $200B

Average metrics of all companies in portfolio

Last updated: Jun 28, 2026

Market
Average

Market Cap The market value of the company. It's calculated by multiplying the share price by the number of outstanding shares.	$11.1B	-
Dividend Yield Yearly payout to shareholders per share. The percentage indicates the payout in relation to the share price.	2.13%	2.01%
Beta Indicates the relationship between the price performance of a share and the market.	1.35	-
P/E Ratio Ratio between share price and earnings per share. A low ratio could indicate that the stock is undervalued or investors aren't expecting high growth. A high ratio could indicate that the stock is overvalued or investors are expecting high growth.	51.86	28.61
Negative P/E Ratio a negative P/E ratio shows that the company is not profitable, and it shows how many years it would take the company to lose its entire market capitalisation if it did not change anything	-51.15	-
Profitable Companies	72%	-
PEG The ratio between the P/E ratio and the growth rate of the company's earnings per share in the last twelve months. A lower PEG could mean that a stock is undervalued.	186.95	18.04
Price to Sales Ratio Market cap divided by the revenue in the most recent year.	1.71	8.09
Price to Book Ratio Price to Book Ratio is the Market cap divided by the Book value of the company	3.01	10.18

Market
Average

Enterprise Value to EBIT Enterprise Value divided by EBIT	20.2	20.33
Enterprise Value to Revenue Enterprise value divided by revenue	2.8	7.98
Total Debt to Enterprise Value Total debt divided by enterprise value	0.47	0.04
Debt to Equity A higher ratio indicates a higher risk. However, the ratio is difficult to compare between industries where common amounts of debt vary.	-	0.27
Profit Margin Net income divided by revenue of the last 4 quarters. It indicates the company's profitability.	-195.59%	20.81%
Quarterly Earnings Growth (YoY) The rate at which the company's net income has increased to the same quarter one year ago.	-	-118.0%
Return on Equity Equity divided by market cap.	-28.75%	2.67%
Return on Assets Indicates a company's profitability in relation to its total assets.	-2.33%	4.17%
Return on Invested Capital Return on invested capital (ROIC) is net income after dividends divided by the sum of debt and equity. It shows how effective a company is at turning capital invested by shareholders and other debtholders into profits.	0.56%	3.72%

Sectors

Manufacturing	8.5%
Information	2.7%
Mining, Quarrying, and Oil and Gas Extraction	2.2%
Health Care and Social Assistance	2.1%
Finance and Insurance	2.1%
Retail Trade	2.0%
Professional, Scientific, and Technical Services	1.3%
Administrative and Support and Waste Management and Remediation Services	1.2%
Transportation and Warehousing	1.2%
Utilities	1.0%
Real Estate and Rental and Leasing	0.8%
Construction	0.6%
Arts, Entertainment, and Recreation	0.6%
Wholesale Trade	0.4%
Accommodation and Food Services	0.4%
Communications	0.3%
Management of Companies and Enterprises	0.3%
Other Services (except Public Administration)	0.2%
Educational Services	0.1%
Energy	0.1%
Industrials	0.1%
Energy Minerals	0.0%
Technology	0.0%
Other	71.8%

Countries

United States	85.8%
Canada	4.4%
United Kingdom	2.1%
Luxembourg	1.6%
France	1.1%
Japan	0.8%
Ireland	0.7%
Australia	0.7%
Netherlands	0.6%
Cayman Islands	0.6%
Germany	0.3%
Italy	0.2%
Other	0.2%
Bermuda	0.2%
Singapore	0.2%
Denmark	0.1%
Malta	0.1%
Switzerland	0.1%
Spain	0.1%
Mauritius	0.1%
Norway	0.0%
Greece	0.0%
Finland	0.0%
Puerto Rico	0.0%
Other	0.0%

Limit holdings to companies in a single sector.

$0B >$1T

Ratio between share price and earnings per share. A low ratio could indicate undervaluation.

<0 >50

Ratio of dividends in the last 12 months to current share price.

0% 3%

Revenue increase compared to the same quarter one year ago.

0% 30%

Net income increase compared to the same quarter one year ago.

0% 30%

Profitability of the last quarter.

<-30% >30%

A higher ratio indicates a higher risk. The ratio is difficult to compare between industries.

<0 >3

Discounted cash flow valuation vs. current price. Positive = undervalued, negative = overvalued.

<-50% >+100%

Market Cap

P/E Ratio

Total Investment

Weight

EchoStar Corp - Ordinary Shares - Class A

SATS - Manufacturing

Market Cap $27.95B

P/E Ratio 162.2

Dividends 0.0%

Total Investment $42.35M

Weight 0.42%

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Dish Network Corp - Class A

DISH - Information

Market Cap $3.08B

P/E Ratio 162.2

Dividends 0.0%

Total Investment $24.26M

Weight 0.24%

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Carnival Corp. - Ordinary Shares (Paired Stock)

CCL - Administrative and Support and Waste Management and Remediation Services

Market Cap $39.88B

P/E Ratio 12.6

Dividends 1.0%

Total Investment $20.85M

Weight 0.21%

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DaVita Inc

DVA - Health Care and Social Assistance

Market Cap $13.93B

P/E Ratio 21.4

Dividends 0.0%

Total Investment $19.08M

Weight 0.19%

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Vodafone Group plc - ADR

VOD - Communications

Market Cap $32.01B

P/E Ratio -6213.7

Dividends 3.8%

Total Investment $18.98M

Weight 0.19%

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Carvana Co. - Ordinary Shares - Class A

CVNA - Retail Trade

Market Cap $68.34B

P/E Ratio 22.8

Dividends 0.0%

Total Investment $18.44M

Weight 0.18%

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SM Energy Co

SM - Mining, Quarrying, and Oil and Gas Extraction

Market Cap $6.31B

P/E Ratio 22.9

Dividends 3.2%

Total Investment $17.29M

Weight 0.17%

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CVS Health Corp

CVS - Retail Trade

Market Cap $133.13B

P/E Ratio 45.2

Dividends 2.5%

Total Investment $17.12M

Weight 0.17%

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Beacon Roofing Supply Inc - Ordinary Shares - Class A

BECN - Wholesale Trade

Market Cap $7.72B

P/E Ratio -19.5

Dividends 0.0%

Total Investment $16.64M

Weight 0.17%

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Entegris Inc

ENTG - Manufacturing

Market Cap $24.59B

P/E Ratio 92.8

Dividends 0.2%

Total Investment $16.18M

Weight 0.16%

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EchoStar Corp - Ordinary Shares - Class A

SATS - Manufacturing

Market Cap $27.95B

P/E Ratio 162.2

Dividends 0.0%

Total Investment $15.95M

Weight 0.16%

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Block Inc - Ordinary Shares - Class A

SQ - Information

Market Cap $51.73B

P/E Ratio 59.8

Dividends 0.0%

Total Investment $15.07M

Weight 0.15%

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NRG Energy Inc.

NRG - Utilities

Market Cap $31.51B

P/E Ratio 173.7

Dividends 1.2%

Total Investment $14.77M

Weight 0.15%

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Tenet Healthcare Corp.

THC - Health Care and Social Assistance

Market Cap $16.28B

P/E Ratio 9.7

Dividends 0.0%

Total Investment $14.35M

Weight 0.14%

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Community Health Systems, Inc.

CYH - Health Care and Social Assistance

Market Cap $462.21M

P/E Ratio -4.9

Dividends 0.0%

Total Investment $14.19M

Weight 0.14%

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Ardagh Group S.A. - Class A

ARD - Manufacturing

Market Cap $0

P/E Ratio 165.0

Dividends 7.5%

Total Investment $13.98M

Weight 0.14%

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Carvana Co. - Ordinary Shares - Class A

CVNA - Retail Trade

Market Cap $68.34B

P/E Ratio 22.8

Dividends 0.0%

Total Investment $13.4M

Weight 0.13%

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Bausch + Lomb Corp

BLCO

Market Cap $5.82B

P/E Ratio -26.4

Dividends 0.0%

Total Investment $13.2M

Weight 0.13%

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Tenet Healthcare Corp.

THC - Health Care and Social Assistance

Market Cap $16.28B

P/E Ratio 9.7

Dividends 0.0%

Total Investment $12.64M

Weight 0.13%

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Advance Auto Parts Inc

AAP - Retail Trade

Market Cap $3.75B

P/E Ratio 84.8

Dividends 1.6%

Total Investment $12.33M

Weight 0.12%

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Key Metrics

Compare similar ETFs

Historical Return

Risk & Analysis Metrics

Volatility

Max Drawdown

Sharpe Ratio

Return Triangle (Heatmap)

Distributions

Profit Margin Distribution

P/E Ratio Distribution

Discounted Cash Flow

Market Cap Size Distribution

Portfolio Concentration

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Average metrics of all companies in portfolio

Sectors

Countries