SHYG vs SPHY
iShares 0-5 Year High Yield Corporate Bond ETF compared with State Street SPDR Portfolio High Yield Bond ETF on yield, payout growth, payment schedule, cost and risk.
SHYG
iShares 0-5 Year High Yield Corporate Bond ETF
TTM yield · Monthly
SPHY
State Street SPDR Portfolio High Yield Bond ETF
TTM yield · Monthly
Quick take
- SPHY yields more today: 7.23% vs 7.04% (forward).
- SHYG has grown its payout faster: 5.6%/yr vs 3.4%/yr over the last 5 years.
- Both pay every month.
- Over the last year SPHY delivered the higher total return: +4.1% vs +4.0% (price change plus payouts).
- SPHY is cheaper to own: 0.05% vs 0.30% expense ratio.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | SHYG | SPHY |
|---|---|---|
| Share price | $41.98 | $23.14 |
| TTM yield | 7.04% | 7.23% |
| Forward yield | 7.04% | 7.23% |
| Annual payout per share | $2.954 | $1.673 |
| Payment frequency | Monthly | Monthly |
| Next ex-date | Oct 1, 2026 (est.) | Oct 1, 2026 (est.) |
| Expense ratio | 0.30% | 0.05% |
| 1-year payout growth | -2.6% | -5.8% |
| 5-year payout CAGR | +5.6% | +3.4% |
| Consecutive years of increases | 0 years | 0 years |
| Payout consistency (last 12) | 98/100 | 98/100 |
| 1-year total return | +4.0% | +4.1% |
| 1-year price return | -2.8% | -2.9% |
| Size (market cap / AUM) | 7.8B | 12.0B |
| Years paying | 12.8 | 14.2 |
| Sector / category | High Yield Bond | High Yield Bond |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| SHYG | SPHY | |
|---|---|---|
| Shares | 238.2 | 432.2 |
| Income per year | $704 | $723 |
| Income per month (avg) | $59 | $60 |
At forward yields, before taxes. Model SHYG · Model SPHY
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| SHYG Oct 1, 2026 | Oct 15, 2026 | $0.2462 | Est. |
| SHYG Oct 31, 2026 | Nov 14, 2026 | $0.2462 | Est. |
| SHYG Nov 30, 2026 | Dec 14, 2026 | $0.2462 | Est. |
| SPHY Oct 1, 2026 | Oct 15, 2026 | $0.1394 | Est. |
| SPHY Oct 31, 2026 | Nov 14, 2026 | $0.1394 | Est. |
| SPHY Nov 30, 2026 | Dec 14, 2026 | $0.1394 | Est. |
Annual payouts per share
SHYGSPHY
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, SHYG or SPHY?
SPHY currently has the higher trailing yield: SHYG yields 7.04% and SPHY yields 7.23%. Yield changes daily with price, so check the live figures above.
How often do SHYG and SPHY pay?
SHYG pays every month and SPHY pays every month. SHYG's next ex-date is Oct 1, 2026 and SPHY's is Oct 1, 2026.
Which has grown its dividend faster, SHYG or SPHY?
SHYG has grown its payout faster: 5.6%/yr vs 3.4%/yr over the last 5 years.
Is SHYG or SPHY better for income?
It depends on what you are optimising for. SHYG and SPHY differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.