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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
09/17/2026: SPHY (3-star) is a SELL. SELL for 3 days. Simulated Profits (0.13%). Updated daily EoD!
SPHY provides low-cost, broad exposure to the U.S. high-yield corporate bond market by tracking the ICE BofA US High Yield Index. Its primary strengths are a very low expense ratio, high liquidity, and issuer reliability, making it an efficient tool for income generation. It is best used as a component of a diversified portfolio to capture yield, though it carries significant credit and interest-rate risks. Investors should monitor economic indicators like default rates and interest rate trends, as these are the primary drivers of performance.
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 is a fixed-income instrument and generally lacks the capital appreciation potential of equities. |
| Momentum investor | Mixed fit | Strong fit while signal remains positive, as high-yield bonds can capture momentum in narrowing credit spreads. |
| Value investor | Mixed fit | It offers income value, but investors must assess the credit risk relative to the yield offered. |
| Dividend/Income investor | Strong fit | The fund is specifically designed to provide consistent income through higher-yielding corporate bonds. |
| Low-risk investor | Weak fit | High-yield bonds carry significant credit and volatility risks unsuitable for conservative portfolios. |
Investor Profile
Ideal Investor Profile
Investors seeking current income who are comfortable with the volatility and credit risks associated with below-investment-grade corporate bonds.
Suitability
Best for long-term income-focused investors; less suitable for active short-term traders or those with very low risk tolerance.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | Medium / high | High-yield bonds are more volatile than investment-grade debt due to credit sensitivity. |
| Market risk | Medium / high | Broad market downturns typically correlate with widening credit spreads and lower bond prices. |
| Concentration | Medium | The fund is diversified across many issuers, but the entire portfolio is concentrated in the non-investment grade sector. |
| Tracking/expense | Low | The fund has a very low expense ratio and effectively replicates its benchmark. |
| Liquidity | Medium | Underlying high-yield markets can become illiquid during periods of severe market stress. |
| Business/sector quality | High | The underlying issuers are generally lower-rated companies with higher risk of default. |
Risk Analysis
Volatility
SPHY exhibits moderate to high volatility, trailing equity markets but exceeding investment-grade bond markets.
Market Risk
The primary risk is default risk of the underlying companies, exacerbated by sensitivity to economic cycles and interest rate shifts.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Fixed-income type | US High Yield Corporate Bonds | 98 | This exposure offers higher yield potential compared to investment-grade bonds but carries higher default risk. |
| Cash/collateral | Cash and Cash Equivalents | 2 | Maintained for liquidity purposes to manage fund inflows, outflows, and operational expenses. |
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 17.33% | Avg. Invested days 100 | Today’s Advisory SELL |
Upturn Advisory Rating  | Upturn Advisory Performance  5.0 | ETF Returns Performance  3.0 |
| Profits based on simulation | Last Close 09/17/2026 |
ETF Fundamentals 
Source: EOD Historical Data • Updated Sep 18, 2026
Fund Basics
| Metric | Value |
|---|---|
| Fund Size (AUM) | $11.95B |
| Issuer | State Street Investment Management |
| Expense Ratio | 0.05% |
| Distribution Yield | 7.19% |
| Inception | Jun 18, 2012 |
Performance
| Period | Total Return |
|---|---|
| YTD | +1.72% |
| 1 Year | +3.31% |
| 3 Year | +8.12% |
| 5 Year | +3.98% |
| 10 Year | +4.86% |
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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