FISR vs. SPHY
Compare and contrast key facts about SPDR SSGA Fixed Income Sector Rotation ETF (FISR) and SPDR Portfolio High Yield Bond ETF (SPHY).
FISR and SPHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FISR is an actively managed fund by State Street. It was launched on Apr 2, 2019. 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
FISR vs. SPHY - Performance Comparison
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FISR vs. SPHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FISR SPDR SSGA Fixed Income Sector Rotation ETF | -0.07% | 6.32% | 1.01% | 5.28% | -15.73% | -1.70% | 5.86% | 6.81% |
SPHY SPDR Portfolio High Yield Bond ETF | -0.07% | 8.59% | 8.54% | 12.81% | -10.57% | 5.61% | 6.65% | 6.59% |
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with FISR at -0.07% and SPHY at -0.07%.
FISR
- 1D
- -0.01%
- 1M
- -1.44%
- YTD
- -0.07%
- 6M
- 0.55%
- 1Y
- 3.07%
- 3Y*
- 2.98%
- 5Y*
- -0.58%
- 10Y*
- —
SPHY
- 1D
- 0.25%
- 1M
- -0.69%
- YTD
- -0.07%
- 6M
- 1.01%
- 1Y
- 7.16%
- 3Y*
- 8.49%
- 5Y*
- 4.36%
- 10Y*
- 5.32%
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FISR vs. SPHY - Expense Ratio Comparison
FISR has a 0.50% expense ratio, which is higher than SPHY's 0.10% expense ratio.
Return for Risk
FISR vs. SPHY — Risk / Return Rank
FISR
SPHY
FISR vs. SPHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR SSGA Fixed Income Sector Rotation ETF (FISR) 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.
| FISR | SPHY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.62 | 1.31 | -0.69 |
Sortino ratioReturn per unit of downside risk | 0.87 | 1.94 | -1.07 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.31 | -0.20 |
Calmar ratioReturn relative to maximum drawdown | 1.05 | 1.81 | -0.76 |
Martin ratioReturn relative to average drawdown | 2.83 | 9.48 | -6.65 |
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
| FISR | SPHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 1.31 | -0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.09 | 0.61 | -0.70 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.67 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.13 | 0.63 | -0.50 |
Correlation
The correlation between FISR and SPHY is 0.42, 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.
Dividends
FISR vs. SPHY - Dividend Comparison
FISR's dividend yield for the trailing twelve months is around 4.11%, less than SPHY's 7.37% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FISR SPDR SSGA Fixed Income Sector Rotation ETF | 4.11% | 3.97% | 3.59% | 3.50% | 2.19% | 1.87% | 2.47% | 2.99% | 0.00% | 0.00% | 0.00% | 0.00% |
SPHY SPDR Portfolio High Yield Bond ETF | 7.37% | 7.38% | 7.80% | 7.30% | 6.47% | 5.13% | 5.63% | 5.73% | 4.09% | 4.41% | 4.27% | 4.29% |
Drawdowns
FISR vs. SPHY - Drawdown Comparison
The maximum FISR drawdown since its inception was -20.27%, smaller than the maximum SPHY drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for FISR and SPHY.
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Drawdown Indicators
| FISR | SPHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.27% | -21.97% | +1.70% |
Max Drawdown (1Y)Largest decline over 1 year | -3.31% | -4.07% | +0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -20.10% | -15.29% | -4.81% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.97% | — |
Current DrawdownCurrent decline from peak | -6.43% | -1.06% | -5.37% |
Average DrawdownAverage peak-to-trough decline | -7.74% | -2.32% | -5.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.23% | 0.78% | +0.45% |
Volatility
FISR vs. SPHY - Volatility Comparison
The current volatility for SPDR SSGA Fixed Income Sector Rotation ETF (FISR) is 1.97%, while SPDR Portfolio High Yield Bond ETF (SPHY) has a volatility of 2.23%. This indicates that FISR 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
| FISR | SPHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.97% | 2.23% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 3.06% | 2.88% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.99% | 5.50% | -0.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.56% | 7.16% | -0.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.39% | 7.97% | -1.58% |