EMHC vs. SPHY
Compare and contrast key facts about SPDR Bloomberg Emerging Markets USD Bond ETF (EMHC) and SPDR Portfolio High Yield Bond ETF (SPHY).
EMHC and SPHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EMHC is a passively managed fund by SPDR that tracks the performance of the Bloomberg Emerging USD Bond Core Index - Benchmark TR Net. It was launched on Apr 6, 2021. 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. Both EMHC and SPHY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EMHC or SPHY.
Correlation
The correlation between EMHC and SPHY is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
EMHC vs. SPHY - Performance Comparison
Key characteristics
EMHC:
1.22
SPHY:
2.62
EMHC:
1.76
SPHY:
3.85
EMHC:
1.21
SPHY:
1.50
EMHC:
0.56
SPHY:
4.51
EMHC:
5.01
SPHY:
18.69
EMHC:
1.63%
SPHY:
0.55%
EMHC:
6.71%
SPHY:
3.95%
EMHC:
-28.03%
SPHY:
-21.97%
EMHC:
-6.69%
SPHY:
0.00%
Returns By Period
In the year-to-date period, EMHC achieves a 2.30% return, which is significantly higher than SPHY's 1.93% return.
EMHC
2.30%
0.69%
1.36%
8.32%
N/A
N/A
SPHY
1.93%
0.65%
4.25%
10.42%
4.46%
4.62%
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EMHC vs. SPHY - Expense Ratio Comparison
EMHC has a 0.23% expense ratio, which is higher than SPHY's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
EMHC vs. SPHY — Risk-Adjusted Performance Rank
EMHC
SPHY
EMHC vs. SPHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Emerging Markets USD Bond ETF (EMHC) 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.
Dividends
EMHC vs. SPHY - Dividend Comparison
EMHC's dividend yield for the trailing twelve months is around 5.95%, less than SPHY's 7.67% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMHC SPDR Bloomberg Emerging Markets USD Bond ETF | 5.95% | 5.95% | 5.12% | 5.10% | 2.97% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPHY SPDR Portfolio High Yield Bond ETF | 7.67% | 7.80% | 7.30% | 6.46% | 5.13% | 5.63% | 5.73% | 4.09% | 4.41% | 4.28% | 4.29% | 3.98% |
Drawdowns
EMHC vs. SPHY - Drawdown Comparison
The maximum EMHC drawdown since its inception was -28.03%, which is greater than SPHY's maximum drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for EMHC and SPHY. For additional features, visit the drawdowns tool.
Volatility
EMHC vs. SPHY - Volatility Comparison
SPDR Bloomberg Emerging Markets USD Bond ETF (EMHC) has a higher volatility of 1.72% compared to SPDR Portfolio High Yield Bond ETF (SPHY) at 0.83%. This indicates that EMHC's price experiences larger fluctuations and is considered to be riskier than SPHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.