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State Street SPDR Portfolio High Yield Bond ETF (SPHY)

High Yield Bond | Exchange Traded Fund | NYSEArca
23.28 USD -0.05 (-0.214%) ⇩ (July 13, 2026, 4 p.m. EDT)
Short-term:★★⯪☆☆Long-term:★★★☆☆Dividends:★★★★☆
Hot Take ↕ | July 11, 2026, 3:56 a.m. EDT

This high-yield bond ETF offers a compelling income floor with a 7.24% yield that has been consistently maintained and even increased recently, rising from roughly $0.11 per share in early 2022 to $0.14+ in 2026. This demonstrates strong distribution coverage despite the asset class's sensitivity to credit spreads. However, the capital appreciation story is muted; the fund is currently trading near its 52-week lows and is down nearly 10% over the last nine years, reflecting the market's ongoing pricing of higher default risks in the high-yield sector. While the yield provides a robust cushion, the price action suggests investors remain cautious about a sustained recovery in credit spreads. The short-term outlook remains neutral as the statistical forecast shows virtually no directional bias, and options activity confirms a lack of speculative urgency.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoETS ✓0.007386
AutoTheta0.007472
MSTL0.007864
AutoARIMA0.007936

Forecast horizon: 45 days | Selected: AutoETS

Forecast Reliability
Score 79%
H-stat 0.82
Ljung-Box p 0.000
Jarque-Bera p 0.720
Excess Kurtosis -0.21
Attribute Value
Trailing P/E 58.16

As of July 11, 2026, 3:56 a.m. EDT: Speculator positioning is extremely light across all expirations, with open interest concentrated in out-of-the-money strikes rather than protective puts. Implied volatility is notably compressed for October expiration, suggesting a lack of fear regarding a significant downside event in the near term. The flow indicates a passive stance rather than aggressive directional betting.

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.59% 7.17% 7.58% 6.99%
Dividend History
Date Dividend Yield %
2026-07-01 0.138 0.592021
2026-06-01 0.138 0.590501
2026-05-01 0.137 0.584222
2026-04-01 0.138 0.593804
2026-03-02 0.140 0.594732
2026-02-02 0.138 0.582278
2025-12-18 0.141 0.597205
2025-12-01 0.140 0.591966
2025-11-03 0.143 0.606189
2025-10-01 0.144 0.604027
2025-09-02 0.145 0.612849
2025-08-01 0.147 0.624204
2025-07-01 0.146 0.618120
2025-06-02 0.146 0.625268
2025-05-01 0.146 0.631761
2025-04-01 0.148 0.634648
2025-03-03 0.148 0.625528
2025-02-03 0.153 0.648030
2024-12-19 0.145 0.622585
2024-12-02 0.148 0.621849
2024-11-01 0.154 0.654762
2024-10-01 0.150 0.628141
2024-09-03 0.155 0.657616
2024-08-01 0.152 0.649573
2024-07-01 0.153 0.664062
2024-06-03 0.150 0.647948
2024-05-01 0.154 0.669565
2024-04-01 0.154 0.662936
2024-03-01 0.156 0.669815
2024-02-01 0.160 0.683469
2023-12-18 0.156 0.671545
2023-12-01 0.153 0.666957
2023-11-01 0.149 0.674208
2023-10-02 0.152 0.686850
2023-09-01 0.144 0.630749
2023-08-01 0.140 0.615114
2023-07-03 0.136 0.599912
2023-06-01 0.142 0.630551
2023-05-01 0.138 0.607929
2023-04-03 0.133 0.582057
2023-03-01 0.133 0.590586
2023-02-01 0.131 0.562232
2022-12-19 0.138 0.614152
2022-12-01 0.129 0.564058
2022-11-01 0.127 0.568233
2022-10-03 0.126 0.575342
2022-09-01 0.129 0.568532
2022-08-01 0.119 0.504237
2022-07-01 0.124 0.552339
2022-06-01 0.116 0.482328
2022-05-02 0.115 0.481575
2022-04-01 0.105 0.418493
2022-03-01 0.108 0.425197
2022-02-01 0.107 0.413606
2021-12-17 0.109 0.413662
2021-12-01 0.109 0.417625
2021-11-01 0.110 0.415408
2021-10-01 0.109 0.408087
2021-09-01 0.108 0.402685
2021-08-02 0.109 0.407934
2021-07-01 0.114 0.424898
2021-06-01 0.116 0.436418
2021-05-03 0.115 0.432656
2021-04-01 0.118 0.445619
2021-03-01 0.122 0.458819
2021-02-01 0.125 0.472233
2020-12-18 0.110 0.418251
2020-12-01 0.123 0.470363
2020-11-02 0.125 0.495835
2020-10-01 0.128 0.508946
2020-09-01 0.118 0.460758
2020-08-03 0.128 0.503343
2020-07-01 0.121 0.493878
2020-06-01 0.123 0.502246
2020-05-01 0.132 0.566038
2020-04-01 0.125 0.565099
2020-03-02 0.131 0.506770
2020-02-03 0.127 0.485103
2019-12-20 0.151 0.575457
2019-12-02 0.134 0.518375
2019-11-01 0.133 0.512327
2019-10-01 0.137 0.526923
2019-09-03 0.126 0.485549
2019-08-01 0.139 0.533999
2019-07-01 0.138 0.530157
2019-06-03 0.135 0.530035
2019-05-01 0.131 0.502686
2019-04-01 0.098 0.377504
2019-03-01 0.095 0.372257
2019-02-01 0.093 0.366719
2018-12-19 0.126 0.508885
2018-12-03 0.093 0.374396
2018-11-01 0.092 0.368885
2018-10-01 0.092 0.360784
2018-09-04 0.091 0.357143
2018-08-01 0.090 0.352250
2018-07-02 0.063 0.249406
2018-06-01 0.071 0.278650
2018-05-01 0.071 0.278650
2018-04-02 0.073 0.284822
2018-03-01 0.070 0.271634
2018-02-01 0.078 0.297937
2017-12-19 0.180 0.681302
2017-12-01 0.088 0.331450
2017-11-01 0.091 0.341207
2017-10-02 0.088 0.330206
2017-09-01 0.091 0.341207
2017-08-01 0.091 0.341977
2017-07-03 0.091 0.343915
2017-06-01 0.091 0.340824
2017-05-01 0.091 0.345482
2017-04-03 0.083 0.317036
2017-03-01 0.094 0.356601
2017-02-01 0.094 0.360291
2016-12-28 0.094 0.363918
2016-12-01 0.094 0.370955
2016-11-01 0.093 0.353747
2016-10-03 0.093 0.352006
2016-09-01 0.093 0.351474
2016-08-01 0.093 0.355233
2016-07-01 0.094 0.364624
2016-06-01 0.093 0.366430
2016-05-03 0.091 0.357143
2016-05-02 0.091 0.356164
2016-04-01 0.089 0.355858
2016-03-01 0.090 0.369458
2016-02-01 0.090 0.372362
2015-12-29 0.106 0.439834
2015-12-01 0.089 0.356856
2015-11-02 0.087 0.344009
2015-10-01 0.087 0.348279
2015-09-01 0.087 0.344146
2015-08-03 0.089 0.349843
2015-07-01 0.086 0.336200
2015-06-01 0.085 0.324924
2015-05-01 0.084 0.320488
2015-04-01 0.089 0.337505
2015-03-02 0.070 0.266059
2015-02-02 0.073 0.276201
2014-12-29 0.101 0.389060
2014-12-01 0.078 0.299080
2014-11-03 0.084 0.320244
2014-10-01 0.071 0.272135
2014-09-02 0.086 0.322339
2014-08-01 0.096 0.366133
2014-07-01 0.087 0.327560
2014-06-02 0.085 0.321726
2014-05-01 0.086 0.328244
2014-04-01 0.075 0.289017
2014-03-03 0.090 0.344960
2014-02-03 0.095 0.369650
2013-12-27 0.177 0.690328
2013-12-02 0.086 0.336859
2013-11-01 0.086 0.335152
2013-10-01 0.088 0.347277
2013-09-03 0.085 0.340955
2013-08-01 0.082 0.323599
2013-07-01 0.086 0.338583
2013-06-03 0.085 0.328059
2013-05-01 0.086 0.320656
2013-04-01 0.083 0.313800
2013-03-01 0.088 0.333333
2013-02-01 0.077 0.289365
2012-12-27 0.085 0.318830
2012-12-03 0.105 0.398482
2012-10-01 0.087 0.329795
2012-09-04 0.092 0.351413
2012-08-01 0.090 0.342466
2012-07-02 0.032 0.124659
Additional Data
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
dividendYield 7.24

Info Dump

Attribute Value
All Time High 27.46
All Time Low 20.29
Ask 0.0
Ask Size 56,800
Average Daily Volume10 Day 3,943,530
Average Daily Volume3 Month 4,435,608
Average Volume 4,435,608
Average Volume10Days 3,943,530
Beta3 Year 0.64
Bid 0.0
Bid Size 34,000
Category High Yield Bond
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 23.325
Day Low 23.26
Dividend Yield 7.24
Eps Trailing Twelve Months 0.40025845
Esg Populated 0
Exchange PCX
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 23.3928
Fifty Day Average Change -0.11279869
Fifty Day Average Change Percent -0.004821941
Fifty Two Week Change Percent -1.1859357
Fifty Two Week High 23.99
Fifty Two Week High Change -0.7099991
Fifty Two Week High Change Percent -0.029595627
Fifty Two Week Low 23.02
Fifty Two Week Low Change 0.26000023
Fifty Two Week Low Change Percent 0.011294536
Fifty Two Week Range 23.02 - 23.99
First Trade Date Milliseconds 1,340,112,600,000
Five Year Average Return 0.0421505
Full Exchange Name NYSEArca
Fund Family State Street Investment Management
Fund Inception Date 1,339,977,600
Gmt Off Set Milliseconds -14,400,000
Has Pre Post Market Data 1
Language en-US
Legal Type Exchange Traded Fund
Long Business Summary 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.
Long Name State Street SPDR Portfolio High Yield Bond ETF
Market us_market
Market State PRE
Max Age 86,400
Message Board Id finmb_209210880
Nav Price 23.30906
Net Assets 11,327,878,100.0
Net Expense Ratio 0.05
Open 23.32
Pre Market Change 0.059999466
Pre Market Change Percent 0.25772965
Pre Market Price 23.34
Pre Market Time 1,784,016,132
Previous Close 23.33
Price Hint 2
Quote Source Name Delayed Quote
Quote Type ETF
Region US
Regular Market Change -0.0499992
Regular Market Change Percent -0.214313
Regular Market Day High 23.325
Regular Market Day Low 23.26
Regular Market Day Range 23.26 - 23.325
Regular Market Open 23.32
Regular Market Previous Close 23.33
Regular Market Price 23.28
Regular Market Time 1,783,972,800
Regular Market Volume 3,699,556
Short Name State Street SPDR Portfolio Hig
Source Interval 15
Symbol SPHY
Three Year Average Return 0.0829457
Total Assets 11,327,878,144
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing P E 58.162422
Trailing Peg Ratio None
Trailing Three Month Nav Returns 2.4558
Trailing Three Month Returns 2.4558
Triggerable 1
Two Hundred Day Average 23.5817
Two Hundred Day Average Change -0.30169868
Two Hundred Day Average Change Percent -0.012793764
Type Disp ETF
Volume 3,699,556
Yield 0.072399996
Ytd Return 1.96974