GLEN.L vs. SPHY
GLEN.L (Glencore plc) is a stock, while SPHY (SPDR Portfolio High Yield Bond ETF) is High Yield Bonds fund tracking the ICE BofA US High Yield Index. Over the past 10 years, GLEN.L returned 20.95%/yr vs 5.75%/yr for SPHY. At a 0.01 correlation, their price movements are largely independent.
Performance
GLEN.L vs. SPHY - Performance Comparison
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Different Trading Currencies
GLEN.L is traded in GBp, while SPHY is traded in USD. To make them comparable, the SPHY values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, GLEN.L achieves a 46.47% return, which is significantly higher than SPHY's 2.37% return. Over the past 10 years, GLEN.L has outperformed SPHY with an annualized return of 20.95%, while SPHY has yielded a comparatively lower 5.75% annualized return.
GLEN.L
- 1D
- 2.56%
- 1M
- -1.17%
- YTD
- 46.47%
- 6M
- 58.58%
- 1Y
- 106.77%
- 3Y*
- 12.95%
- 5Y*
- 17.95%
- 10Y*
- 20.95%
SPHY
- 1D
- 0.13%
- 1M
- 0.65%
- YTD
- 2.37%
- 6M
- 2.16%
- 1Y
- 8.68%
- 3Y*
- 6.70%
- 5Y*
- 5.44%
- 10Y*
- 5.75%
GLEN.L vs. SPHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GLEN.L Glencore plc | 46.47% | 18.34% | -23.37% | -6.11% | 57.13% | 66.99% | -1.00% | -14.47% | -21.89% | 42.98% |
SPHY SPDR Portfolio High Yield Bond ETF | 2.37% | 0.85% | 10.43% | 7.17% | 0.06% | 6.61% | 3.51% | 8.85% | 2.39% | -1.93% |
Correlation
The correlation between GLEN.L and SPHY is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Jun 19, 2012 | 0.01 |
The correlation between GLEN.L and SPHY shifts across timeframes, from -0.11 (5 years) to 0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GLEN.L vs. SPHY — Risk / Return Rank
GLEN.L
SPHY
GLEN.L vs. SPHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Glencore plc (GLEN.L) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GLEN.L | SPHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.99 | ||
| Sortino ratioReturn per unit of downside risk | +2.08 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.27 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 7.74 | 2.36 | +5.38 |
| Martin ratioReturn relative to average drawdown | 24.83 | 7.38 | +17.45 |
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Drawdowns
GLEN.L vs. SPHY - Drawdown Comparison
The maximum GLEN.L drawdown since its inception was -87.37%, which is greater than SPHY's maximum drawdown of -14.38%. Use the drawdown chart below to compare losses from any high point for GLEN.L and SPHY.
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Drawdown Indicators
| GLEN.L | SPHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.37% | -14.38% | -72.99% |
Max Drawdown (1Y)Largest decline over 1 year | -14.09% | -3.73% | -10.36% |
Max Drawdown (3Y)Largest decline over 3 years | -53.56% | -10.70% | -42.86% |
Max Drawdown (5Y)Largest decline over 5 years | -55.24% | -10.70% | -44.54% |
Max Drawdown (10Y)Largest decline over 10 years | -69.99% | -14.38% | -55.61% |
Current DrawdownCurrent decline from peak | -4.24% | -0.66% | -3.58% |
Average DrawdownAverage peak-to-trough decline | -36.33% | -3.73% | -32.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.40% | 1.19% | +3.21% |
Volatility
GLEN.L vs. SPHY - Volatility Comparison
Glencore plc (GLEN.L) has a higher volatility of 10.71% compared to SPDR Portfolio High Yield Bond ETF (SPHY) at 1.34%. This indicates that GLEN.L'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.
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Volatility by Period
| GLEN.L | SPHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.71% | 1.34% | +9.37% |
Volatility (6M)Calculated over the trailing 6-month period | 22.78% | 4.36% | +18.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.50% | 5.99% | +25.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.32% | 8.50% | +23.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.56% | 10.58% | +24.98% |
Dividends
GLEN.L vs. SPHY - Dividend Comparison
GLEN.L's dividend yield for the trailing twelve months is around 1.70%, less than SPHY's 7.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLEN.L Glencore plc | 1.70% | 1.84% | 2.87% | 8.72% | 5.58% | 3.08% | 0.00% | 6.70% | 5.16% | 1.37% | 0.00% | 0.00% |
SPHY SPDR Portfolio High Yield Bond ETF | 7.24% | 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
GLEN.L and SPHY have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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