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PCHI vs SPHY

Polen High Income ETF

PCHIFNYSE Arca

State Street SPDR Portfolio High Yield Bond ETF

SPHYANYSE Arca

Overlap

No data

Expense ratio

SPHY −0.48pt a year

PCHI0.53%SPHY0.05%

Avg volume · 30D

SPHY 483.4×the volume

PCHI12.7KSPHY6.12M

PCHI vs SPHY Performance

Nov 7, 2025 – Nov 9, 2026

+0.7%PCHI+2.7%SPHY

Nov 7, 2025 to Nov 9, 2026. PCHI +0.7%. SPHY +2.7%. Use the arrow keys to read each point.0%2%4%Nov 2025May 2026Nov 2026
Expense ratio
PCHI 0.53%
SPHY 0.05%, better
Fund size
PCHI $6M
SPHY $11.9B
1Y total return
PCHI +0.7%
SPHY +2.7%, better
Yield (12M)
PCHI 9.28%, better
SPHY 7.37%
Holdings
PCHI 4
SPHY 1921
Avg volume (30D)
PCHI 12.7K sh
SPHY 6.12M sh, better
NAV per share
PCHI $23.03
SPHY $22.49
52W range

ETF.net Grade

PCHI: Cost 26, Risk 25, Mission 0, Tradability 25, Holdings 20, Durability 25. SPHY: Cost 98, Risk 58, Mission 100, Tradability 77, Holdings 97, Durability 93.
Pillar letters and Scores for PCHI, SPHY, with each pillar’s weight
PillarPCHISPHY
Cost30% weightD26A98Higher
Mission25% weightF0A100Higher
Risk15% weightD25B58Higher
Tradability15% weightD25A77Higher
Holdings10% weightF20A97Higher
Durability5% weightD25A93Higher

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. PCHI 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 3rd and PCHI 79th of 84 funds in the US High Yield Category.

  1. Rank 1AHYLBXtrackers USD High Yield Corporate Bond ETFScore 89
  2. Rank 1ASCYBSchwab High Yield Bond ETFScore 89
  3. Rank 3ASPHYState Street SPDR Portfolio High Yield Bond ETFScore 88
  4. Rank 3AUSHYiShares Broad USD High Yield Corporate Bond ETFScore 88
  5. Rank 78DDYLDLeaderShares Dynamic Yield ETFScore 27
  6. Rank 79FPCHIPolen High Income ETFScore 18
  7. Rank 80FJOJOATAC Credit Rotation ETFScore 16

Our read on each fund

ETF.net Research

PCHIFPolen High Income ETF

SPHYAState Street SPDR Portfolio High Yield Bond ETF

In short

PCHI 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

PCHI 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

PCHI 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

PCHI 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 PCHI profile⁠

Full SPHY profile⁠

PCHI vs SPHY Holdings

How PCHI and SPHY differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

  • Countryby domicile86.1%
  • Asset classBonds100%
  • Sector1 Sector100%

Sector

Sector weights in PCHI and SPHY, widest gap first
SectorMore in PCHIMore in SPHYGap
CorporateSame weight

Country, concentration and asset class

Country by domicile

Country weights in PCHI and SPHY, widest gap first
CountryMore in PCHIMore in SPHYGap
United StatesPCHI +13.9 points
CanadaSPHY +4.0 points
United KingdomSPHY +1.8 points
LuxembourgSPHY +1.5 points
JapanSPHY +1.3 points
FranceSPHY +1.0 points
AustraliaSPHY +0.7 points
IrelandSPHY +0.7 points
Other countries (12)SPHY +2.8 points

Concentration

Weight in the 10 largest Holdings

  • PCHI100.0%
  • SPHY3.4%

Securities held

  • PCHI4
  • SPHY1,893

Asset class

PCHI
Bonds
SPHY
Bonds

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. PCHI holds 4 securities, SPHY 1,893.

All PCHI holdings⁠All 1,945 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.

PCHI vs SPHY Cost

Overpaying PCHI vs SPHY

$9,476

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

  • PCHI 0.53%

    $10,536

  • SPHY 0.05%

    $1,060

$10,000
30 years

Cost over time

  • PCHI 0.53%
  • 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$12.5K051015202530PCHI $10,536SPHY $1,060

Year by year

YearPCHISPHYOverpaying
10$953$92$861
20$3,658$360$3,298
30$10,536$1,060$9,476

Expense ratio

  • 0.53%PCHI
  • 0.05%SPHY, cheaper
  • Middle half of US High Yield funds
  • Median 0.42%

SPHY 2nd cheapest of 84 funds

PCHI 63rd cheapest of 84 funds

PCHI vs SPHY Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
PCHI 9.28%, better
SPHY 7.37%
Payout (12M)
PCHI $2.14
SPHY $1.67
Last payment
PCHI $0.46
SPHY $0.14
Ex-dividend
PCHI Oct 30, 2026
SPHY Nov 2, 2026
Paid on
PCHI Nov 2, 2026
SPHY Nov 5, 2026
Frequency
PCHI Monthly
SPHY Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

PCHIMonthly · 20 paymentsAll PCHI payments⁠
One bar per payment. 20 payments from 2023 to 2026 YTD. Mar 31, 2025 $0.0099; Apr 30, 2025 $0.07; May 30, 2025 $0.15; Jun 30, 2025 $0.16; Jul 31, 2025 $0.17; Aug 29, 2025 $0.15; Sep 30, 2025 $0.17; Oct 31, 2025 $0.17; Nov 28, 2025 $0.15; Dec 31, 2025 $0.20; Jan 30, 2026 $0.16; Feb 27, 2026 $0.15; Mar 31, 2026 $0.17; Apr 30, 2026 $0.16; May 29, 2026 $0.15; Jun 30, 2026 $0.16; Jul 31, 2026 $0.13; Aug 31, 2026 $0.11; Sep 30, 2026 $0.14; Oct 30, 2026 $0.46. Use the arrow keys to read each point.$0$0.5020232026YTD
SPHYMonthly · 46 paymentsAll SPHY payments⁠
One bar per payment. 46 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; Nov 2, 2026 $0.14. Use the arrow keys to read each point.$0$0.5020232026YTD

PCHI vs SPHY Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
PCHI 3.9%since Apr 2025SPHY 4.6%
Return per unit of riskSharpe ratio, 3 years
PCHI −0.23since Apr 2025SPHY 0.88
Worst fallMax drawdown, 5 years
PCHI −6.4%since Mar 2025SPHY −15.3%
Market sensitivityBeta, 5 years
PCHI 0.16SPHY 0.64

PCHI and SPHY in the news

All news⁠

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