ADAMH vs. SPHY

Last updated Apr 1, 2026

Compare and contrast key facts about Adamas Trust, Inc. (ADAMH) and SPDR Portfolio High Yield Bond ETF (SPHY).

SPHY is a passively managed fund by State Street that tracks the performance of the ICE BofAML US High Yield Index. It was launched on Jun 18, 2012.

Performance

ADAMH vs. SPHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Adamas Trust, Inc. (ADAMH) and SPDR Portfolio High Yield Bond ETF (SPHY). The values are adjusted to include any dividend payments, if applicable.

ADAMH vs. SPHY - Yearly Performance Comparison

	2026 (YTD)	2025
ADAMH Adamas Trust, Inc.	-1.57%	6.34%
SPHY SPDR Portfolio High Yield Bond ETF	-0.32%	2.16%

Returns By Period

In the year-to-date period, ADAMH achieves a -1.57% return, which is significantly lower than SPHY's -0.32% return.

ADAMH

• 1D: -0.20%
• 1M: -1.19%
• YTD: -1.57%
• 6M: 3.25%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPHY

• 1D: 1.00%
• 1M: -1.02%
• YTD: -0.32%
• 6M: 0.94%
• 1Y: 7.11%
• 3Y*: 8.40%
• 5Y*: 4.31%
• 10Y*: 5.29%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

ADAMH vs. SPHY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPHY

SPHY Risk / Return Rank: 79
SPHY Sharpe Ratio Rank: 75
SPHY Sortino Ratio Rank: 79
SPHY Omega Ratio Rank: 82
SPHY Calmar Ratio Rank: 73
SPHY Martin Ratio Rank: 85

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ADAMH vs. SPHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Adamas Trust, Inc. (ADAMH) and SPDR Portfolio High Yield Bond ETF (SPHY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ADAMH	SPHY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.30	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.61	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.67	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.75	0.62	+1.12

Correlation

The correlation between ADAMH and SPHY is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

ADAMH vs. SPHY - Dividend Comparison

ADAMH's dividend yield for the trailing twelve months is around 7.26%, less than SPHY's 7.39% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ADAMH Adamas Trust, Inc.	7.26%	4.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPHY SPDR Portfolio High Yield Bond ETF	7.39%	7.38%	7.80%	7.30%	6.47%	5.13%	5.63%	5.73%	4.09%	4.41%	4.27%	4.29%

Drawdowns

ADAMH vs. SPHY - Drawdown Comparison

The maximum ADAMH drawdown since its inception was -1.81%, smaller than the maximum SPHY drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for ADAMH and SPHY.

Drawdown Indicators

	ADAMH	SPHY	Difference
Max Drawdown Largest peak-to-trough decline	-1.81%	-21.97%	+20.16%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.07%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-15.29%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-21.97%	—
Current Drawdown Current decline from peak	-1.57%	-1.31%	-0.26%
Average Drawdown Average peak-to-trough decline	-0.53%	-2.32%	+1.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.78%	—

Volatility

Volatility by Period

	ADAMH	SPHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.23%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.87%	—
Volatility (1Y) Calculated over the trailing 1-year period	4.77%	5.49%	-0.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.77%	7.15%	-2.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.77%	7.97%	-3.20%