APIUX vs. SPHY
Compare and contrast key facts about Yorktown Multi-Sector Bond Fund (APIUX) and SPDR Portfolio High Yield Bond ETF (SPHY).
APIUX is managed by Yorktown Funds. It was launched on Jul 1, 1997. 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
APIUX vs. SPHY - Performance Comparison
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APIUX vs. SPHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
APIUX Yorktown Multi-Sector Bond Fund | -0.49% | 6.49% | 5.34% | 7.10% | -12.71% | 3.77% | -1.98% | 15.34% | -6.75% | 10.04% |
SPHY SPDR Portfolio High Yield Bond ETF | -0.32% | 8.59% | 8.54% | 12.81% | -10.57% | 5.61% | 6.65% | 13.16% | -3.35% | 7.35% |
Returns By Period
In the year-to-date period, APIUX achieves a -0.49% return, which is significantly lower than SPHY's -0.32% return. Over the past 10 years, APIUX has underperformed SPHY with an annualized return of 3.57%, while SPHY has yielded a comparatively higher 5.29% annualized return.
APIUX
- 1D
- 0.35%
- 1M
- -1.60%
- YTD
- -0.49%
- 6M
- 0.57%
- 1Y
- 4.13%
- 3Y*
- 5.78%
- 5Y*
- 1.46%
- 10Y*
- 3.57%
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%
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APIUX vs. SPHY - Expense Ratio Comparison
APIUX has a 1.17% expense ratio, which is higher than SPHY's 0.10% expense ratio.
Return for Risk
APIUX vs. SPHY — Risk / Return Rank
APIUX
SPHY
APIUX vs. SPHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Yorktown Multi-Sector Bond Fund (APIUX) 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.
| APIUX | SPHY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.51 | 1.30 | +0.21 |
Sortino ratioReturn per unit of downside risk | 2.12 | 1.92 | +0.19 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.31 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 2.32 | 1.76 | +0.56 |
Martin ratioReturn relative to average drawdown | 8.86 | 9.23 | -0.37 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| APIUX | SPHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.51 | 1.30 | +0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.61 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.74 | 0.67 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.62 | -0.38 |
Correlation
The correlation between APIUX and SPHY is 0.38, 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
APIUX vs. SPHY - Dividend Comparison
APIUX's dividend yield for the trailing twelve months is around 4.20%, less than SPHY's 7.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
APIUX Yorktown Multi-Sector Bond Fund | 4.20% | 4.16% | 4.14% | 4.11% | 4.35% | 3.42% | 4.02% | 4.46% | 4.60% | 5.86% | 6.90% | 8.50% |
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
APIUX vs. SPHY - Drawdown Comparison
The maximum APIUX drawdown since its inception was -34.31%, which is greater than SPHY's maximum drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for APIUX and SPHY.
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Drawdown Indicators
| APIUX | SPHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.31% | -21.97% | -12.34% |
Max Drawdown (1Y)Largest decline over 1 year | -1.98% | -4.07% | +2.09% |
Max Drawdown (5Y)Largest decline over 5 years | -16.44% | -15.29% | -1.15% |
Max Drawdown (10Y)Largest decline over 10 years | -22.80% | -21.97% | -0.83% |
Current DrawdownCurrent decline from peak | -1.60% | -1.31% | -0.29% |
Average DrawdownAverage peak-to-trough decline | -4.43% | -2.32% | -2.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.52% | 0.78% | -0.26% |
Volatility
APIUX vs. SPHY - Volatility Comparison
The current volatility for Yorktown Multi-Sector Bond Fund (APIUX) is 1.22%, while SPDR Portfolio High Yield Bond ETF (SPHY) has a volatility of 2.23%. This indicates that APIUX 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.
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Volatility by Period
| APIUX | SPHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 2.23% | -1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 1.76% | 2.87% | -1.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.83% | 5.49% | -2.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.67% | 7.15% | -3.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.85% | 7.97% | -3.12% |