CGHY vs. SPHY
CGHY (Capital Group High Yield Bond ETF) and SPHY (SPDR Portfolio High Yield Bond ETF) are both High Yield Bonds funds. Their correlation of 0.81 suggests significant overlap in exposure. CGHY charges 0.39%/yr vs 0.05%/yr for SPHY.
Performance
CGHY vs. SPHY - Performance Comparison
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Returns By Period
In the year-to-date period, CGHY achieves a 1.65% return, which is significantly higher than SPHY's 1.24% return.
CGHY
- 1D
- -0.45%
- 1M
- -0.11%
- YTD
- 1.65%
- 6M
- 2.15%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPHY
- 1D
- -0.39%
- 1M
- -0.31%
- YTD
- 1.24%
- 6M
- 1.59%
- 1Y
- 6.84%
- 3Y*
- 8.82%
- 5Y*
- 4.33%
- 10Y*
- 5.04%
CGHY vs. SPHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CGHY Capital Group High Yield Bond ETF | 1.65% | 3.77% |
SPHY SPDR Portfolio High Yield Bond ETF | 1.24% | 4.07% |
Correlation
The correlation between CGHY and SPHY is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 27, 2025 | 0.81 |
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Return for Risk
CGHY vs. SPHY — Risk / Return Rank
CGHY
SPHY
CGHY vs. SPHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital Group High Yield Bond ETF (CGHY) 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.
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Sharpe Ratios by Period
| CGHY | SPHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.86 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.61 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.64 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.74 | 0.63 | +1.11 |
Drawdowns
CGHY vs. SPHY - Drawdown Comparison
The maximum CGHY drawdown since its inception was -2.38%, smaller than the maximum SPHY drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for CGHY and SPHY.
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Drawdown Indicators
| CGHY | SPHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.38% | -21.97% | +19.59% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.41% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.85% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.29% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.97% | — |
Current DrawdownCurrent decline from peak | -0.59% | -0.52% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -0.31% | -2.29% | +1.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.53% | — |
Volatility
CGHY vs. SPHY - Volatility Comparison
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Volatility by Period
| CGHY | SPHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.15% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.93% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.36% | 3.69% | -0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.36% | 7.17% | -3.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.36% | 7.89% | -4.53% |
CGHY vs. SPHY - Expense Ratio Comparison
CGHY has a 0.39% expense ratio, which is higher than SPHY's 0.05% expense ratio.
Dividends
CGHY vs. SPHY - Dividend Comparison
CGHY's dividend yield for the trailing twelve months is around 5.10%, less than SPHY's 7.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGHY Capital Group High Yield Bond ETF | 5.10% | 3.09% | 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 | 7.29% | 7.38% | 7.80% | 7.30% | 6.47% | 5.13% | 5.63% | 5.73% | 4.09% | 4.41% | 4.27% | 4.29% |
Frequently Asked Questions
CGHY and SPHY have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPHY is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPHY is cheaper with a 0.05% expense ratio, compared with 0.39% for CGHY.
SPHY has the higher dividend yield at 7.29%, compared with 5.10% for CGHY.
They also come from different issuers: Capital Group and State Street. Their fees differ too: 0.39% for CGHY and 0.05% for SPHY.
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