AOHY vs. SPHY
Compare and contrast key facts about Angel Oak High Yield Opportunities ETF (AOHY) and SPDR Portfolio High Yield Bond ETF (SPHY).
AOHY and SPHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AOHY is an actively managed fund by Angel Oak. It was launched on Mar 31, 2009. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AOHY or SPHY.
Correlation
The correlation between AOHY and SPHY is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
AOHY vs. SPHY - Performance Comparison
Key characteristics
AOHY:
3.22%
SPHY:
3.98%
AOHY:
-1.64%
SPHY:
-21.97%
AOHY:
-0.20%
SPHY:
-0.04%
Returns By Period
In the year-to-date period, AOHY achieves a 1.34% return, which is significantly lower than SPHY's 1.76% return.
AOHY
1.34%
1.57%
3.58%
N/A
N/A
N/A
SPHY
1.76%
1.81%
4.60%
10.37%
4.40%
4.55%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
AOHY vs. SPHY - Expense Ratio Comparison
AOHY has a 0.55% expense ratio, which is higher than SPHY's 0.10% expense ratio.
Risk-Adjusted Performance
AOHY vs. SPHY — Risk-Adjusted Performance Rank
AOHY
SPHY
AOHY vs. SPHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Angel Oak High Yield Opportunities ETF (AOHY) 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.
Not enough dataDividends
AOHY vs. SPHY - Dividend Comparison
AOHY's dividend yield for the trailing twelve months is around 6.43%, less than SPHY's 7.69% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOHY Angel Oak High Yield Opportunities ETF | 6.43% | 6.05% | 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 | 7.69% | 7.80% | 7.30% | 6.46% | 5.13% | 5.63% | 5.73% | 4.09% | 4.41% | 4.28% | 4.29% | 3.98% |
Drawdowns
AOHY vs. SPHY - Drawdown Comparison
The maximum AOHY drawdown since its inception was -1.64%, smaller than the maximum SPHY drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for AOHY and SPHY. For additional features, visit the drawdowns tool.
Volatility
AOHY vs. SPHY - Volatility Comparison
The current volatility for Angel Oak High Yield Opportunities ETF (AOHY) is 0.99%, while SPDR Portfolio High Yield Bond ETF (SPHY) has a volatility of 1.14%. This indicates that AOHY experiences smaller price fluctuations and is considered to be less risky than SPHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.