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Upturn AI SWOT - About
SPDR Portfolio High Yield Bond (SPHY)
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Upturn Advisory Summary
07/11/2025: SPHY (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type ETF | Historic Profit 13.73% | Avg. Invested days 84 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  4.0 | ETF Returns Performance  3.0 |
| Profits based on simulation | Last Close 07/11/2025 |
Key Highlights
Volume (30-day avg) - | Beta 0.8 | 52 Weeks Range 21.50 - 23.75 | Updated Date 06/30/2025 |
52 Weeks Range 21.50 - 23.75 | Updated Date 06/30/2025 |
Upturn AI SWOT
SPDR Portfolio High Yield Bond
ETF Overview
Overview
The SPDR Portfolio High Yield Bond ETF (SPHY) seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the ICE BofA US High Yield Index. It focuses on high-yield corporate bonds (junk bonds) to generate income.
Reputation and Reliability
State Street Global Advisors (SSGA) is a reputable and well-established ETF provider with a long history in the investment management industry.
Management Expertise
SSGA has a dedicated team of fixed-income professionals with extensive experience in managing high-yield bond portfolios.
Investment Objective
Goal
Seeks to track the investment results of the ICE BofA US High Yield Index.
Investment Approach and Strategy
Strategy: SPHY employs a passive management strategy, seeking to replicate the performance of its underlying index.
Composition The ETF holds a diversified portfolio of high-yield corporate bonds, primarily rated below investment grade.
Market Position
Market Share: SPHY holds a moderate market share in the high-yield bond ETF segment.
Total Net Assets (AUM): 5117000000
Competitors
Key Competitors
- HYG
- JNK
- SJNK
Competitive Landscape
The high-yield bond ETF market is competitive, with HYG and JNK being dominant players. SPHY offers a lower cost alternative, but its AUM is smaller. The advantage of SPHY is its lower expense ratio. A disadvantage is its smaller AUM and potentially lower liquidity compared to HYG and JNK.
Financial Performance
Historical Performance: Historical performance can be assessed through annual reports and financial analysis sites, showing a cyclical pattern dependent on economic conditions and credit spreads.
Benchmark Comparison: SPHY aims to closely track the ICE BofA US High Yield Index, so its performance should be similar, with slight deviations due to fees and tracking error.
Expense Ratio: 0.05
Liquidity
Average Trading Volume
SPHY's average trading volume is moderate, which is adequate for most investors.
Bid-Ask Spread
The bid-ask spread is typically tight, indicating good liquidity.
Market Dynamics
Market Environment Factors
Economic growth, interest rates, credit spreads, and inflation expectations significantly impact SPHY's performance.
Growth Trajectory
Growth is tied to investor demand for high-yield bonds, influenced by the economic cycle and risk appetite. No major changes in strategy have been noted.
Moat and Competitive Advantages
Competitive Edge
SPHY's competitive edge lies in its very low expense ratio, making it an attractive option for cost-conscious investors seeking exposure to high-yield bonds. It provides access to a diversified portfolio of high-yield corporate debt. Its passive management strategy allows for predictable index tracking. The fund is backed by State Street, a well-known and reputable ETF provider.
Risk Analysis
Volatility
SPHY exhibits moderate volatility due to the inherent risks associated with high-yield bonds.
Market Risk
SPHY is susceptible to credit risk (default risk) and interest rate risk, as well as broader economic downturns that could negatively impact high-yield bond prices.
Investor Profile
Ideal Investor Profile
SPHY is suitable for investors seeking income and willing to accept a higher level of risk in exchange for potentially higher yields. It is appropriate for those who understand the risks associated with high-yield bonds.
Market Risk
SPHY is more appropriate for long-term investors looking for income, rather than active traders.
Summary
The SPDR Portfolio High Yield Bond ETF (SPHY) offers a cost-effective way to access the high-yield corporate bond market. Its low expense ratio is a significant advantage, making it appealing to cost-conscious investors. SPHY tracks the ICE BofA US High Yield Index and is suitable for long-term investors who understand and are willing to accept the risks associated with high-yield debt. The fund's performance is influenced by economic conditions and credit spreads and it is backed by State Street.
Peer Comparison
Sources and Disclaimers
Data Sources:
- State Street Global Advisors (SSGA)
- ETF.com
- Bloomberg
- Morningstar
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered investment advice. Investment decisions should be made based on your own research and consultation with a qualified financial advisor. Market share data can fluctuate. Performance is not indicative of future results.
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.
About SPDR Portfolio High Yield Bond
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund invests substantially all, but at least 80%, of its total assets in the securities comprising the index and in securities that the Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. The index is designed to measure the performance of U.S. dollar denominated below investment grade corporate debt publicly issued in the U.S. domestic market.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.