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 83.21% vs 6.00% for SPHY. At a 0.16 correlation, their price movements are largely independent.
Performance
HG vs. SPHY - Performance Comparison
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Returns By Period
In the year-to-date period, HG achieves a 34.81% return, which is significantly higher than SPHY's 1.88% return.
HG
- 1D
- 1.59%
- 1M
- 10.19%
- 6M
- 40.61%
- YTD
- 34.81%
- 1Y
- 83.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPHY
- 1D
- -0.21%
- 1M
- 0.03%
- 6M
- 1.37%
- YTD
- 1.88%
- 1Y
- 6.00%
- 3Y*
- 8.57%
- 5Y*
- 4.21%
- 10Y*
- 4.90%
HG vs. SPHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HG Hamilton Insurance Group Ltd. | 34.81% | 46.61% | 27.29% | -1.97% |
SPHY SPDR Portfolio High Yield Bond ETF | 1.88% | 8.59% | 8.54% | 6.07% |
Correlation
The correlation between HG and SPHY is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Nov 10, 2023 | 0.16 |
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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 | +1.37 | ||
| Sortino ratioReturn per unit of downside risk | +1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.33 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 6.59 | 2.50 | +4.10 |
| Martin ratioReturn relative to average drawdown | 23.72 | 11.33 | +12.39 |
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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.
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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 | 0.00% | -0.39% | +0.39% |
Average DrawdownAverage peak-to-trough decline | -5.30% | -2.27% | -3.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.52% | 0.53% | +2.99% |
Volatility
HG vs. SPHY - Volatility Comparison
Hamilton Insurance Group Ltd. (HG) has a higher volatility of 6.45% compared to SPDR Portfolio High Yield Bond ETF (SPHY) at 0.82%. 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.
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Volatility by Period
| HG | SPHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.45% | 0.82% | +5.63% |
Volatility (6M)Calculated over the trailing 6-month period | 18.75% | 2.98% | +15.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.77% | 3.66% | +24.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.20% | 7.18% | +24.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.20% | 7.84% | +23.36% |
Dividends
HG vs. SPHY - Dividend Comparison
HG's dividend yield for the trailing twelve months is around 5.69%, less than SPHY's 7.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HG Hamilton Insurance Group Ltd. | 5.69% | 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 | 7.25% | 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
HG and SPHY have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HG has higher volatility (6.45%) compared to SPHY (0.82%). In terms of maximum drawdown, HG dropped -21.07% vs SPHY's -21.97%.
HG currently has the higher Sharpe Ratio (3.02 vs 1.65), 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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