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GBHI vs SPHY

Gabelli High Income ETF

GBHICNYSE Arca

State Street SPDR Portfolio High Yield Bond ETF

SPHYANYSE Arca

Overlap

No data

Expense ratio

SPHY −0.51pt a year

GBHI0.56%SPHY0.05%

Avg volume · 30D

SPHY 30371.9×the volume

GBHI196SPHY5.95M

GBHI vs SPHY Performance

Dec 31, 2025 – Oct 30, 2026

+2.5%GBHI+0.7%SPHY

Dec 31, 2025 to Oct 30, 2026. GBHI +2.5%. SPHY +0.7%. Use the arrow keys to read each point.−1%0%2%Dec 2025Jun 2026Oct 2026
Expense ratio
GBHI 0.56%
SPHY 0.05%, better
Fund size
GBHI $6M
SPHY $11.9B
1Y total return
GBHI No data
SPHY +2.0%
Yield (12M)
GBHI No data
SPHY 7.37%
Holdings
GBHI 97
SPHY 1913
Avg volume (30D)
GBHI 196 sh
SPHY 5.95M sh, better
NAV per share
GBHI $24.65
SPHY $22.58
52W range

ETF.net Grade

GBHI: Cost 21, Risk 71, Mission 85, Tradability 0, Holdings 40, Durability 3. SPHY: Cost 98, Risk 59, Mission 100, Tradability 89, Holdings 97, Durability 93.
Pillar letters and Scores for GBHI, SPHY, with each pillar’s weight
PillarGBHISPHY
Cost30% weightF21A98Higher
Mission25% weightA85A100Higher
Risk15% weightA71HigherB59
Tradability15% weightF0A89Higher
Holdings10% weightC40A97Higher
Durability5% weightF3A93Higher

Rank among US High Yield funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. GBHI and SPHY are both graded against the same 84 US High Yield funds, so their Grades compare head to head.

US High Yield⁠

Category · 84 funds
See all 84 ›

SPHY ranks 1st and GBHI 65th of 84 funds in the US High Yield Category.

  1. Rank 1ASCYBSchwab High Yield Bond ETFScore 90
  2. Rank 1ASPHYState Street SPDR Portfolio High Yield Bond ETFScore 90
  3. Rank 3AHYLBXtrackers USD High Yield Corporate Bond ETFScore 89
  4. Rank 64CFLXNHorizon Flexible Income ETFScore 43
  5. Rank 65CGBHIGabelli High Income ETFScore 42
  6. Rank 66CBKLNInvesco Senior Loan ETFScore 40

Our read on each fund

ETF.net Research

GBHICGabelli High Income ETF

SPHYAState Street SPDR Portfolio High Yield Bond ETF

In short

GBHI No data

SPHY State Street's junk-bond workhorse: roughly 1,900 US high yield bonds in one wrapper for 0.05% a year, a fraction of what the typical high yield ETF charges, with income paid monthly.

Stated mandate

GBHI No data

SPHY The fund seeks to track, before fees and expenses, the price and yield performance of the ICE BofA US High Yield Index.

Why people hold it

GBHI No data

  • SPHY 0.05% a year against a peer-group median about eight times higher. In high yield, the fee comes straight out of coupon income, so the gap does real work.
  • Holds about 1,900 bonds tracking the ICE BofA US High Yield Index, broad enough that no single issuer's trouble dominates the portfolio.ssga.com
  • Live since 2012, a multi-billion-dollar fund that trades actively and has stuck tightly to its stated index rather than drifting from the mandate.
  • Distributions arrive monthly, in step with how the underlying coupons come in.

Worth knowing

GBHI No data

  • SPHY This is below-investment-grade credit. Defaults and spread moves drive the price far more than Treasury yields do, and sell-offs in this asset class can be sharp.
  • Fees here are already near the floor: SCYB lists 0.03% and HYLB matches at 0.05%, so the cost edge over the strongest peers is narrow.
  • Scope is US high yield corporates, full stop. No investment-grade ballast, no emerging market debt, nothing to soften a credit drawdown from inside the fund.ssga.com

Full GBHI profile⁠

Full SPHY profile⁠

GBHI vs SPHY Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

GBHI vs SPHY Cost

Overpaying GBHI vs SPHY

$10,028

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • GBHI 0.56%

    $11,088

  • SPHY 0.05%

    $1,060

$10,000
30 years

Cost over time

  • GBHI 0.56%
  • SPHY 0.05%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530GBHI $11,088SPHY $1,060

Year by year

YearGBHISPHYOverpaying
10$1,006$92$914
20$3,855$360$3,495
30$11,088$1,060$10,028

Expense ratio

  • 0.56%GBHI
  • 0.05%SPHY, cheaper
  • Middle half of US High Yield funds
  • Median 0.42%

SPHY 2nd cheapest of 84 funds

GBHI 70th cheapest of 84 funds

GBHI vs SPHY Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
GBHI No data
SPHY 7.37%
Payout (12M)
GBHI No data
SPHY $1.67
Last payment
GBHI $0.36
SPHY $0.14
Ex-dividend
GBHI Sep 28, 2026
SPHY Oct 1, 2026
Paid on
GBHI Oct 8, 2026
SPHY Oct 6, 2026
Frequency
GBHI Quarterly
SPHY Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

GBHIQuarterly · 4 paymentsAll GBHI payments⁠
One bar per payment. 4 payments from 2023 to 2026 YTD. Dec 29, 2025 $0.15; Mar 27, 2026 $0.32; Jun 26, 2026 $0.35; Sep 28, 2026 $0.36. Use the arrow keys to read each point.$0$0.2520232026YTD
SPHYMonthly · 45 paymentsAll SPHY payments⁠
One bar per payment. 45 payments from 2023 to 2026 YTD. Feb 1, 2023 $0.13; Mar 1, 2023 $0.13; Apr 3, 2023 $0.13; May 1, 2023 $0.14; Jun 1, 2023 $0.14; Jul 3, 2023 $0.14; Aug 1, 2023 $0.14; Sep 1, 2023 $0.14; Oct 2, 2023 $0.15; Nov 1, 2023 $0.15; Dec 1, 2023 $0.15; Dec 18, 2023 $0.16; Feb 1, 2024 $0.16; Mar 1, 2024 $0.16; Apr 1, 2024 $0.15; May 1, 2024 $0.15; Jun 3, 2024 $0.15; Jul 1, 2024 $0.15; Aug 1, 2024 $0.15; Sep 3, 2024 $0.16; Oct 1, 2024 $0.15; Nov 1, 2024 $0.15; Dec 2, 2024 $0.15; Dec 19, 2024 $0.14; Feb 3, 2025 $0.15; Mar 3, 2025 $0.15; Apr 1, 2025 $0.15; May 1, 2025 $0.15; Jun 2, 2025 $0.15; Jul 1, 2025 $0.15; Aug 1, 2025 $0.15; Sep 2, 2025 $0.15; Oct 1, 2025 $0.14; Nov 3, 2025 $0.14; Dec 1, 2025 $0.14; Dec 18, 2025 $0.14; Feb 2, 2026 $0.14; Mar 2, 2026 $0.14; Apr 1, 2026 $0.14; May 1, 2026 $0.14; Jun 1, 2026 $0.14; Jul 1, 2026 $0.14; Aug 3, 2026 $0.14; Sep 1, 2026 $0.14; Oct 1, 2026 $0.14. Use the arrow keys to read each point.$0$0.2520232026YTD

GBHI vs SPHY Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
GBHI No dataSPHY 4.6%
Return per unit of riskSharpe ratio, 3 years
GBHI No dataSPHY 0.88
Worst fallMax drawdown, 5 years
GBHI No dataSPHY −15.3%
Market sensitivityBeta, 5 years
GBHI 0.21SPHY 0.64

GBHI and SPHY in the news

All news⁠

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