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Upturn AI Summary
SPDR Portfolio High Yield Bond(SPHY)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for SPHY
10/01/2026: SPHY (3-star) is currently NOT-A-BUY. Pass it for now.
SPHY is a cost-effective ETF designed to provide broad exposure to the U.S. high-yield corporate bond market. By tracking the ICE BofA US High Yield Index, it offers investors a diversified collection of below-investment-grade debt, focusing on yield generation. Its primary strengths are its industry-leading low expense ratio and solid liquidity, making it a compelling choice for those looking to optimize their income portfolio costs. Investors should be aware of the inherent risks, including sensitivity to interest rates, credit default risk, and general market volatility in the junk bond space. It is best suited for income-focused investors who can tolerate the credit risks associated with high-yield debt.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Weak fit | This fund focuses on income generation through high-yield debt rather than capital appreciation from equities. |
| Momentum investor | Mixed fit | Momentum investors may find opportunities during market cycles of credit expansion, subject to positive macro signals. |
| Value investor | Mixed fit | Investors seeking yield in corporate debt may view high-yield bonds as a value play when spreads are wide. |
| Dividend/Income investor | Strong fit | The fund is specifically designed to provide regular income distributions from corporate debt obligations. |
| Low-risk investor | Weak fit | High-yield bonds carry significant credit and volatility risk compared to government bonds or investment-grade debt. |
Investor Profile
Ideal Investor Profile
The ideal investor is an income-oriented individual or institution seeking yield enhancements beyond government bonds and willing to accept higher credit risk.
Suitability
SPHY is best suited for long-term investors looking to diversify an income-focused portfolio, though it can be utilized by active traders monitoring credit cycles.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | Medium / high | High-yield bonds are sensitive to economic cycles and market sentiment changes. |
| Market risk | High | Broader equity and credit market downturns can negatively impact bond prices. |
| Concentration | Medium | The fund is well-diversified, though it remains concentrated in the below-investment-grade corporate sector. |
| Tracking/expense | Low | The low expense ratio and efficient tracking minimize drag on performance. |
| Liquidity | Medium | Underlying bond markets can experience liquidity crunches during periods of financial stress. |
| Business/sector quality | High | The risk of issuer default is higher for non-investment grade companies. |
Risk Analysis
Volatility
SPHY exhibits volatility levels typical of the high-yield corporate bond market, characterized by sensitivity to macro-economic data and credit market spreads.
Market Risk
The primary risk is credit default risk, where the underlying companies may fail to meet interest or principal obligations, especially during economic stress.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Fixed-income type | U.S. Corporate High Yield Bonds | 98.5 | This represents the core basket of below-investment-grade corporate debt providing high income potential. |
| Cash/collateral | Cash and Cash Equivalents | 1.5 | Small cash position held for liquidity and operational purposes. |
Price Behavior
Flat / Range-Bound
The stock price has been trading within a narrow range with minimal directional movement.
Very Smooth
The stock has followed a highly orderly price path with minimal short-term disruption.
Analysis of Past Performance
Type ETF | Historic Profit 10.18% | Avg. Invested days 87 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  4.0 | ETF Returns Performance  3.0 |
| Profits based on simulation | Last Close 10/01/2026 |
ETF Fundamentals 
Source: EOD Historical Data • Updated Oct 2, 2026
Fund Basics
| Metric | Value |
|---|---|
| Fund Size (AUM) | $11.79B |
| Issuer | State Street Investment Management |
| Expense Ratio | 0.05% |
| Distribution Yield | 7.19% |
| Inception | Jun 18, 2012 |
Performance
| Period | Total Return |
|---|---|
| YTD | +0.88% |
| 1 Year | +2.41% |
| 3 Year | +8.32% |
| 5 Year | +3.81% |
| 10 Year | +4.64% |
Risk Metrics
| Metric | Value |
|---|---|
| 1Y Volatility | 2.39% |
| 3Y Volatility | 4.36% |
| 3Y Sharpe Ratio | 0.86 |
Ratings
| Metric | Value |
|---|---|
| Morningstar Rating | ★★★★★ |
Market Cap Distribution
| Cap Size | Weight |
|---|---|
| Large Cap | 0.05% |
| Small Cap | 0.00% |
Top Sectors
| Sector | Weight |
|---|---|
| Basic Materials | 0.00% |
| Consumer Cyclicals | 0.00% |
| Financial Services | 0.00% |
| Real Estate | 0.00% |
Asset Allocation
Portfolio Characteristics
| Metric | Value |
|---|---|
| Portfolio P/E | 22.43x |
| Portfolio P/B | 2.86x |
| Portfolio P/S | 2.84x |
| Holdings Turnover | 28.0% |
Top Holdings
| Holding | Weight |
|---|---|
| Baytex Energy | 0.00% |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
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