HG vs. SPHY
HG (Hamilton Insurance Group Ltd.) 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 year, HG returned 63.47% vs 6.57% for SPHY. At a 0.16 correlation, their price movements are largely independent.
Performance
HG vs. SPHY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HG achieves a 24.15% return, which is significantly higher than SPHY's 1.85% return.
HG
- 1D
- 2.27%
- 1M
- 2.60%
- YTD
- 24.15%
- 6M
- 21.71%
- 1Y
- 63.47%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPHY
- 1D
- -0.04%
- 1M
- 0.59%
- YTD
- 1.85%
- 6M
- 2.02%
- 1Y
- 6.57%
- 3Y*
- 9.19%
- 5Y*
- 4.30%
- 10Y*
- 5.16%
HG vs. SPHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HG Hamilton Insurance Group Ltd. | 24.15% | 46.61% | 27.29% | -1.97% |
SPHY SPDR Portfolio High Yield Bond ETF | 1.85% | 8.59% | 8.54% | 6.07% |
Correlation
The correlation between HG and SPHY is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Nov 10, 2023 | 0.16 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HG vs. SPHY — Risk / Return Rank
HG
SPHY
HG vs. SPHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hamilton Insurance Group Ltd. (HG) 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.
| HG | SPHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.35 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 5.03 | 2.74 | +2.29 |
| Martin ratioReturn relative to average drawdown | 17.68 | 12.33 | +5.34 |
Loading charts...
Drawdowns
HG vs. SPHY - Drawdown Comparison
The maximum HG drawdown since its inception was -21.07%, roughly equal to the maximum SPHY drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for HG and SPHY.
Loading charts...
Drawdown Indicators
| HG | SPHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.07% | -21.97% | +0.90% |
Max Drawdown (1Y)Largest decline over 1 year | -12.69% | -2.41% | -10.28% |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.85% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.29% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.97% | — |
Current DrawdownCurrent decline from peak | -1.28% | -0.17% | -1.11% |
Average DrawdownAverage peak-to-trough decline | -5.39% | -2.28% | -3.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.60% | 0.53% | +3.07% |
Volatility
HG vs. SPHY - Volatility Comparison
Hamilton Insurance Group Ltd. (HG) has a higher volatility of 8.25% compared to SPDR Portfolio High Yield Bond ETF (SPHY) at 0.96%. This indicates that HG'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.
Loading charts...
Volatility by Period
| HG | SPHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.25% | 0.96% | +7.29% |
Volatility (6M)Calculated over the trailing 6-month period | 18.38% | 2.97% | +15.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.78% | 3.72% | +24.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.31% | 7.18% | +24.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.31% | 7.86% | +23.45% |
Dividends
HG vs. SPHY - Dividend Comparison
HG's dividend yield for the trailing twelve months is around 6.18%, less than SPHY's 7.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HG Hamilton Insurance Group Ltd. | 6.18% | 0.00% | 0.00% | 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 | 7.24% | 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
HG and SPHY have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HG has higher volatility (8.25%) compared to SPHY (0.96%). In terms of maximum drawdown, HG dropped -21.07% vs SPHY's -21.97%.
HG currently has the higher Sharpe Ratio (2.30 vs 1.78), 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.
Find the right allocation for HG and SPHY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer