GOOG vs. SPHY
GOOG (Alphabet Inc) 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, GOOG returned 25.03%/yr vs 4.92%/yr for SPHY. Their 0.37 correlation means their historical movements had little consistent relationship.
Performance
GOOG vs. SPHY - Performance Comparison
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Returns By Period
In the year-to-date period, GOOG achieves a 13.80% return, which is significantly higher than SPHY's 1.84% return. Over the past 10 years, GOOG has outperformed SPHY with an annualized return of 25.03%, while SPHY has yielded a comparatively lower 4.92% annualized return.
GOOG
- 1D
- 6.88%
- 1M
- -0.35%
- 6M
- 5.49%
- YTD
- 13.80%
- 1Y
- 85.45%
- 3Y*
- 39.73%
- 5Y*
- 21.62%
- 10Y*
- 25.03%
- ALL TIME*
- 22.84%
SPHY
- 1D
- 0.04%
- 1M
- -0.17%
- 6M
- 1.20%
- YTD
- 1.84%
- 1Y
- 5.46%
- 3Y*
- 8.43%
- 5Y*
- 4.19%
- 10Y*
- 4.92%
- ALL TIME*
- 4.94%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
GOOG Alphabet Inc | $7.78B | $6.87B | $7.98B |
| $242.17M | $164.39M | $124.54M |
GOOG vs. SPHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GOOG Alphabet Inc | 13.80% | 65.42% | 35.62% | 58.83% | -38.67% | 65.17% | 31.03% | 29.10% | -1.03% | 35.58% |
SPHY SPDR Portfolio High Yield Bond ETF | 1.84% | 8.59% | 8.54% | 12.81% | -10.57% | 5.61% | 6.65% | 13.16% | -3.35% | 7.35% |
Correlation
The correlation between GOOG and SPHY is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.54 |
Correlation (3Y) Balances recent behavior with more history. | 0.43 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.51 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.43 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2014 | 0.37 |
The correlation between GOOG and SPHY shifts across timeframes, from 0.37 (all time) to 0.54 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GOOG vs. SPHY — Risk / Return Rank
GOOG
SPHY
GOOG vs. SPHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alphabet Inc (GOOG) 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.
| GOOG | SPHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.22 | ||
| Sortino ratioReturn per unit of downside risk | +1.48 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.29 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 4.14 | 2.27 | +1.87 |
| Martin ratioReturn relative to average drawdown | 11.53 | 10.10 | +1.43 |
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Drawdowns
GOOG vs. SPHY - Drawdown Comparison
The maximum GOOG drawdown since its inception was -44.60%, which is greater than SPHY's maximum drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for GOOG and SPHY.
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Drawdown Indicators
| GOOG | SPHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.60% | -21.97% | -22.63% |
Max Drawdown (1Y)Largest decline over 1 year | -20.75% | -2.41% | -18.34% |
Max Drawdown (3Y)Largest decline over 3 years | -29.35% | -4.85% | -24.50% |
Max Drawdown (5Y)Largest decline over 5 years | -44.60% | -15.29% | -29.31% |
Max Drawdown (10Y)Largest decline over 10 years | -44.60% | -21.97% | -22.63% |
Current DrawdownCurrent decline from peak | -10.57% | -0.43% | -10.14% |
Average DrawdownAverage peak-to-trough decline | -8.93% | -2.27% | -6.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.44% | 0.54% | +6.90% |
Volatility
GOOG vs. SPHY - Volatility Comparison
Alphabet Inc (GOOG) has a higher volatility of 13.08% compared to SPDR Portfolio High Yield Bond ETF (SPHY) at 0.75%. This indicates that GOOG'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
| GOOG | SPHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.08% | 0.75% | +12.33% |
Volatility (6M)Calculated over the trailing 6-month period | 24.59% | 3.02% | +21.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.77% | 3.67% | +28.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.80% | 7.18% | +24.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.34% | 7.83% | +21.51% |
Dividends
GOOG vs. SPHY - Dividend Comparison
GOOG's dividend yield for the trailing twelve months is around 0.24%, less than SPHY's 7.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOOG Alphabet Inc | 0.24% | 0.26% | 0.32% | 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 | 7.25% | 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
GOOG and SPHY have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GOOG has higher volatility (13.08%) compared to SPHY (0.75%). In terms of maximum drawdown, GOOG dropped -44.60% vs SPHY's -21.97%.
GOOG currently has the higher Sharpe Ratio (2.71 vs 1.49), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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