SPDR Portfolio High Yield Bond ETF
Data as of October 30, 2026. SPHY closed at $22.60.
SPHY is among the cheapest high-yield bond ETFs available, holding a broad market portfolio of U.S. dollar junk bonds.
| Issuer | State Street Investment Management |
|---|---|
| Strategy | Tracks the ICE BofA US High Yield Index |
| Category | High-yield bonds |
| Inception | June 18, 2012 |
| Annualized total return | +1.5% over one year, +8.1% a year over three years, +3.8% a year over five years |
| Main risk | Credit risk: junk bonds can default and tend to fall alongside stocks in recessions. |
| Year | Paid per share | Change |
|---|---|---|
| 2026 (to date) | $1.24 | — |
| 2025 | $1.75 | -4.4% |
| 2024 | $1.83 | +7.0% |
| 2023 | $1.71 | +18.8% |
| 2022 | $1.44 | +5.9% |
| 2021 | $1.36 | — |
| Recent ex-date | Amount |
|---|---|
| October 1, 2026 | $0.139 |
| September 1, 2026 | $0.140 |
| August 3, 2026 | $0.136 |
| July 1, 2026 | $0.138 |
| June 1, 2026 | $0.138 |
| May 1, 2026 | $0.137 |
Per-share cash distributions, adjusted for splits. Includes special and capital-gains distributions. Confirm exact amounts with State Street Investment Management.
| Ticker | Yield | Expense Ratio | Pays | 1Y Return | 3Y Return |
|---|---|---|---|---|---|
| SPHY | 7.38% | 0.05% | Monthly | +1.5% | +8.1% |
| USHY | 7.13% | 0.08% | Monthly | +1.6% | +8.1% |
| ANGL | 6.90% | 0.25% | Monthly | +0.3% | +7.5% |
| JNK | 6.81% | 0.40% | Monthly | +1.3% | +7.8% |
| HYG | 6.07% | 0.49% | Monthly | +1.1% | +7.7% |
Returns assume distributions are reinvested; periods over one year are annualized.
7.38% on a trailing 12-month basis as of October 30, 2026: $1.67 of distributions per share on a $22.60 price. That is about $738 a year on a $10,000 investment. The yield moves with the share price and with each payment.
Yes. SPHY pays every month. The most recent ex-dividend date in our data was October 1, 2026, at $0.139 per share.
0.05% a year, or about $5 per $10,000 invested. The cost is taken from the fund's assets, so you never see it as a separate charge.
Interest taxed as ordinary income, which makes a high yield costly in a taxable account. Often held in an IRA or 401(k).
One of the lowest-cost ways to own the high-yield bond market. The main risk: credit risk: junk bonds can default and tend to fall alongside stocks in recessions. This is general information, not personal advice.