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 80.22% vs 5.77% for SPHY. Their 0.15 correlation means their historical movements had little consistent relationship.
Performance
HG vs. SPHY - Performance Comparison
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Returns By Period
In the year-to-date period, HG achieves a 36.62% return, which is significantly higher than SPHY's 2.13% return.
HG
- 1D
- -0.95%
- 1M
- 3.43%
- 6M
- 37.06%
- YTD
- 36.62%
- 1Y
- 80.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 39.88%
SPHY
- 1D
- 0.28%
- 1M
- -0.02%
- 6M
- 1.41%
- YTD
- 2.13%
- 1Y
- 5.77%
- 3Y*
- 8.59%
- 5Y*
- 4.30%
- 10Y*
- 4.86%
- ALL TIME*
- 4.96%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $15.79M | $16.41M | $15.94M | |
| $261.99M | $177.04M | $128.39M |
HG vs. SPHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HG Hamilton Insurance Group Ltd. | 36.62% | 46.61% | 27.29% | -1.97% |
SPHY SPDR Portfolio High Yield Bond ETF | 2.13% | 8.59% | 8.54% | 6.07% |
Correlation
The correlation between HG and SPHY is 0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.05 |
Correlation (All Time) Calculated using the full available price history since Nov 10, 2023 | 0.15 |
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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 | +1.29 | ||
| Sortino ratioReturn per unit of downside risk | +1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.31 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 6.36 | 2.40 | +3.95 |
| Martin ratioReturn relative to average drawdown | 22.68 | 10.68 | +11.99 |
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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 | -4.45% | -0.15% | -4.30% |
Average DrawdownAverage peak-to-trough decline | -5.22% | -2.27% | -2.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.55% | 0.54% | +3.01% |
Volatility
HG vs. SPHY - Volatility Comparison
Hamilton Insurance Group Ltd. (HG) has a higher volatility of 8.13% compared to SPDR Portfolio High Yield Bond ETF (SPHY) at 0.79%. 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 | 8.13% | 0.79% | +7.34% |
Volatility (6M)Calculated over the trailing 6-month period | 19.43% | 3.03% | +16.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.23% | 3.69% | +24.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.19% | 7.18% | +24.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.19% | 7.83% | +23.36% |
Dividends
HG vs. SPHY - Dividend Comparison
HG's dividend yield for the trailing twelve months is around 5.61%, less than SPHY's 7.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HG Hamilton Insurance Group Ltd. | 5.61% | 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 | 7.23% | 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 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HG has higher volatility (8.13%) compared to SPHY (0.79%). In terms of maximum drawdown, HG dropped -21.07% vs SPHY's -21.97%.
HG currently has the higher Sharpe Ratio (2.86 vs 1.58), 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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