FLOW.AS vs. SPHY

Last updated Apr 2, 2026

Compare and contrast key facts about Flow Traders BV (FLOW.AS) and SPDR Portfolio High Yield Bond ETF (SPHY).

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

FLOW.AS vs. SPHY - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Flow Traders BV (FLOW.AS) and SPDR Portfolio High Yield Bond ETF (SPHY). The values are adjusted to include any dividend payments, if applicable.

FLOW.AS vs. SPHY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLOW.AS Flow Traders BV	9.71%	16.51%	21.00%	-12.74%	-29.80%	31.04%	45.22%	-18.45%	48.30%	-36.54%
SPHY SPDR Portfolio High Yield Bond ETF	1.47%	-4.30%	15.70%	9.43%	-5.03%	13.51%	-2.14%	15.71%	1.19%	-5.84%

Different Trading Currencies

FLOW.AS is traded in EUR, while SPHY is traded in USD. To make them comparable, the SPHY values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, FLOW.AS achieves a 9.71% return, which is significantly higher than SPHY's 1.47% return. Over the past 10 years, FLOW.AS has underperformed SPHY with an annualized return of 1.53%, while SPHY has yielded a comparatively higher 5.16% annualized return.

FLOW.AS

• 1D: -0.51%
• 1M: 2.07%
• YTD: 9.71%
• 6M: 9.19%
• 1Y: 2.15%
• 3Y*: 3.01%
• 5Y*: -1.82%
• 10Y*: 1.53%

SPHY

• 1D: 0.15%
• 1M: 0.36%
• YTD: 1.47%
• 6M: 2.44%
• 1Y: -0.01%
• 3Y*: 6.17%
• 5Y*: 4.73%
• 10Y*: 5.16%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

FLOW.AS vs. SPHY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FLOW.AS

FLOW.AS Risk / Return Rank: 39
FLOW.AS Sharpe Ratio Rank: 42
FLOW.AS Sortino Ratio Rank: 36
FLOW.AS Omega Ratio Rank: 38
FLOW.AS Calmar Ratio Rank: 38
FLOW.AS Martin Ratio Rank: 38

SPHY

SPHY Risk / Return Rank: 75
SPHY Sharpe Ratio Rank: 71
SPHY Sortino Ratio Rank: 75
SPHY Omega Ratio Rank: 79
SPHY Calmar Ratio Rank: 69
SPHY Martin Ratio Rank: 82

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FLOW.AS vs. SPHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Flow Traders BV (FLOW.AS) 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.

	FLOW.AS	SPHY	Difference
Sharpe ratio Return per unit of total volatility	0.06	-0.00	+0.06
Sortino ratio Return per unit of downside risk	0.29	0.06	+0.23
Omega ratio Gain probability vs. loss probability	1.05	1.01	+0.04
Calmar ratio Return relative to maximum drawdown	-0.09	0.05	-0.14
Martin ratio Return relative to average drawdown	-0.15	0.13	-0.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLOW.AS vs. SPHY - Sharpe Ratio Comparison

The current FLOW.AS Sharpe Ratio is 0.06, which is higher than the SPHY Sharpe Ratio of -0.00. The chart below compares the historical Sharpe Ratios of FLOW.AS and SPHY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FLOW.AS	SPHY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.06	-0.00	+0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.06	0.56	-0.61
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.05	0.53	-0.48
Sharpe Ratio (All Time) Calculated using the full available price history	0.09	0.55	-0.46

Correlation

The correlation between FLOW.AS and SPHY is -0.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

FLOW.AS vs. SPHY - Dividend Comparison

FLOW.AS has not paid dividends to shareholders, while SPHY's dividend yield for the trailing twelve months is around 7.37%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLOW.AS Flow Traders BV	0.00%	0.00%	0.70%	6.12%	4.85%	10.87%	16.81%	6.27%	6.11%	5.00%	4.73%	1.10%
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

FLOW.AS vs. SPHY - Drawdown Comparison

The maximum FLOW.AS drawdown since its inception was -61.93%, which is greater than SPHY's maximum drawdown of -21.55%. Use the drawdown chart below to compare losses from any high point for FLOW.AS and SPHY.

Drawdown Indicators

	FLOW.AS	SPHY	Difference
Max Drawdown Largest peak-to-trough decline	-61.93%	-21.97%	-39.96%
Max Drawdown (1Y) Largest decline over 1 year	-26.42%	-4.07%	-22.35%
Max Drawdown (5Y) Largest decline over 5 years	-54.52%	-15.29%	-39.23%
Max Drawdown (10Y) Largest decline over 10 years	-54.74%	-21.97%	-32.77%
Current Drawdown Current decline from peak	-16.60%	-1.06%	-15.54%
Average Drawdown Average peak-to-trough decline	-29.65%	-2.32%	-27.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.90%	0.78%	+15.12%

Volatility

FLOW.AS vs. SPHY - Volatility Comparison

Flow Traders BV (FLOW.AS) has a higher volatility of 5.69% compared to SPDR Portfolio High Yield Bond ETF (SPHY) at 1.84%. This indicates that FLOW.AS'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.

Volatility by Period

	FLOW.AS	SPHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.69%	1.84%	+3.85%
Volatility (6M) Calculated over the trailing 6-month period	16.80%	4.45%	+12.35%
Volatility (1Y) Calculated over the trailing 1-year period	33.89%	9.65%	+24.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.90%	8.55%	+22.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.54%	9.76%	+21.78%