SPDR Portfolio High Yield Bond ETF (SPHY)
SPHY is a passive ETF by State Street tracking the investment results of the ICE BofAML US High Yield Index. SPHY launched on Jun 18, 2012 and has a 0.10% expense ratio.
ETF Info
| ISIN | US78468R6062 |
|---|---|
| CUSIP | 78468R606 |
| Issuer | State Street |
| Inception Date | Jun 18, 2012 |
| Region | North America (U.S.) |
| Category | High Yield Bonds |
| Index Tracked | ICE BofAML US High Yield Index |
| Asset Class | Bond |
Expense Ratio
SPHY features an expense ratio of 0.10%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in SPDR Portfolio High Yield Bond ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
SPDR Portfolio High Yield Bond ETF had a return of 2.11% year-to-date (YTD) and 10.89% in the last 12 months. Over the past 10 years, SPDR Portfolio High Yield Bond ETF had an annualized return of 4.10%, while the S&P 500 had an annualized return of 10.71%, indicating that SPDR Portfolio High Yield Bond ETF did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 2.11% | 8.76% |
| 1 month | 1.02% | -0.32% |
| 6 months | 7.58% | 18.48% |
| 1 year | 10.89% | 25.36% |
| 5 years (annualized) | 4.22% | 12.60% |
| 10 years (annualized) | 4.10% | 10.71% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.34% | 0.13% | 1.23% | -1.10% | ||||||||
| 2023 | -0.89% | 4.51% | 3.43% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of SPHY is 75, placing it in the top 25% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
SPHY (SPDR Portfolio High Yield Bond ETF)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for SPDR Portfolio High Yield Bond ETF (SPHY) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
SPDR Portfolio High Yield Bond ETF granted a 7.73% dividend yield in the last twelve months. The annual payout for that period amounted to $1.80 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.80 | $1.71 | $1.44 | $1.36 | $1.49 | $1.51 | $1.01 | $1.17 | $1.11 | $1.03 | $1.04 | $1.11 |
Dividend yield | 7.73% | 7.30% | 6.47% | 5.14% | 5.63% | 5.73% | 4.09% | 4.41% | 4.27% | 4.29% | 3.98% | 4.41% |
Monthly Dividends
The table displays the monthly dividend distributions for SPDR Portfolio High Yield Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.16 | $0.16 | $0.15 | ||||||||
| 2023 | $0.00 | $0.13 | $0.13 | $0.13 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.15 | $0.15 | $0.31 |
| 2022 | $0.00 | $0.11 | $0.11 | $0.11 | $0.12 | $0.12 | $0.12 | $0.12 | $0.13 | $0.13 | $0.13 | $0.27 |
| 2021 | $0.00 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.22 |
| 2020 | $0.00 | $0.13 | $0.13 | $0.12 | $0.13 | $0.12 | $0.12 | $0.13 | $0.12 | $0.13 | $0.13 | $0.23 |
| 2019 | $0.00 | $0.09 | $0.09 | $0.10 | $0.13 | $0.14 | $0.14 | $0.14 | $0.13 | $0.14 | $0.13 | $0.29 |
| 2018 | $0.00 | $0.08 | $0.07 | $0.07 | $0.07 | $0.07 | $0.06 | $0.09 | $0.09 | $0.09 | $0.09 | $0.22 |
| 2017 | $0.00 | $0.09 | $0.09 | $0.08 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.27 |
| 2016 | $0.00 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.19 |
| 2015 | $0.00 | $0.07 | $0.07 | $0.09 | $0.08 | $0.08 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.20 |
| 2014 | $0.00 | $0.10 | $0.09 | $0.08 | $0.09 | $0.09 | $0.09 | $0.10 | $0.09 | $0.07 | $0.08 | $0.18 |
| 2013 | $0.08 | $0.09 | $0.08 | $0.09 | $0.09 | $0.09 | $0.08 | $0.08 | $0.09 | $0.09 | $0.26 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the SPDR Portfolio High Yield Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the SPDR Portfolio High Yield Bond ETF was 21.97%, occurring on Mar 23, 2020. Recovery took 139 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -21.97% | Feb 18, 2020 | 25 | Mar 23, 2020 | 139 | Oct 8, 2020 | 164 |
| -15.29% | Dec 29, 2021 | 188 | Sep 27, 2022 | 306 | Dec 14, 2023 | 494 |
| -8.29% | Apr 17, 2015 | 206 | Feb 9, 2016 | 52 | Apr 25, 2016 | 258 |
| -7.24% | May 3, 2013 | 77 | Aug 21, 2013 | 127 | Feb 24, 2014 | 204 |
| -4.2% | Jan 2, 2018 | 247 | Dec 24, 2018 | 36 | Feb 15, 2019 | 283 |
Volatility
Volatility Chart
The current SPDR Portfolio High Yield Bond ETF volatility is 1.75%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.