EVHY vs. SPHY
Compare and contrast key facts about Eaton Vance High Yield ETF (EVHY) and SPDR Portfolio High Yield Bond ETF (SPHY).
EVHY and SPHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EVHY is an actively managed fund by Eaton Vance. It was launched on Oct 16, 2023. 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: EVHY or SPHY.
Correlation
The correlation between EVHY and SPHY is 0.95, 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
EVHY vs. SPHY - Performance Comparison
Key characteristics
EVHY:
2.29
SPHY:
2.62
EVHY:
3.38
SPHY:
3.85
EVHY:
1.44
SPHY:
1.50
EVHY:
3.95
SPHY:
4.51
EVHY:
14.03
SPHY:
18.69
EVHY:
0.59%
SPHY:
0.55%
EVHY:
3.64%
SPHY:
3.95%
EVHY:
-2.11%
SPHY:
-21.97%
EVHY:
0.00%
SPHY:
0.00%
Returns By Period
The year-to-date returns for both investments are quite close, with EVHY having a 1.87% return and SPHY slightly higher at 1.93%.
EVHY
1.87%
0.63%
2.65%
8.33%
N/A
N/A
SPHY
1.93%
0.65%
4.25%
10.42%
4.46%
4.62%
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EVHY vs. SPHY - Expense Ratio Comparison
EVHY has a 0.48% expense ratio, which is higher than SPHY's 0.10% expense ratio.
Risk-Adjusted Performance
EVHY vs. SPHY — Risk-Adjusted Performance Rank
EVHY
SPHY
EVHY vs. SPHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance High Yield ETF (EVHY) 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
EVHY vs. SPHY - Dividend Comparison
EVHY's dividend yield for the trailing twelve months is around 7.55%, less than SPHY's 7.67% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVHY Eaton Vance High Yield ETF | 7.55% | 7.66% | 1.44% | 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 | 7.67% | 7.80% | 7.30% | 6.46% | 5.13% | 5.63% | 5.73% | 4.09% | 4.41% | 4.28% | 4.29% | 3.98% |
Drawdowns
EVHY vs. SPHY - Drawdown Comparison
The maximum EVHY drawdown since its inception was -2.11%, smaller than the maximum SPHY drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for EVHY and SPHY. For additional features, visit the drawdowns tool.
Volatility
EVHY vs. SPHY - Volatility Comparison
Eaton Vance High Yield ETF (EVHY) and SPDR Portfolio High Yield Bond ETF (SPHY) have volatilities of 0.84% and 0.83%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.