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PHYL vs SPHY

PGIM Active High Yield Bond ETF vs State Street SPDR Portfolio High Yield Bond ETF

PHYL

PGIM Active High Yield Bond ETF

Annual cost

0.39%

Fund size

$1.3B

SPHY

State Street SPDR Portfolio High Yield Bond ETF

Annual cost

0.05%

Fund size

$10.5B

Key differences

  • SPHY costs 0.34% less per year.
  • SPHY is significantly larger than PHYL — larger funds tend to be more liquid and less likely to close.
  • PHYL follows a active selection strategy; SPHY uses index tracking.
  • SPHY has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

PHYLSPHY
Annual cost (TER)0.39%0.05%
Fund size (AUM)$1.3B$10.5B
Since20182012
Dividend yield7.71%7.29%
Asset classfixed incomefixed income
Regionnorth americanorth america
Strategyactive selectionindex tracking
CAGR 1Y+8.3%+7.8%
CAGR 3Y+9.5%+9.4%
CAGR 5Y+4.3%+4.6%
Sharpe 3Y1.211.10
Volatility 1Y3.26%3.67%
Max drawdown-22.07%-21.97%

Similar to PHYL and SPHY