HTAB vs. SPHY
HTAB (Hartford Schroders Tax-Aware Bond ETF) and SPHY (SPDR Portfolio High Yield Bond ETF) are both exchange-traded funds - HTAB is a Intermediate Core Bond fund actively managed by Hartford, while SPHY is a High Yield Bonds fund tracking the ICE BofA US High Yield Index. HTAB is actively managed, while SPHY is passively managed. Over the past 5 years, HTAB returned 0.75%/yr vs 4.30%/yr for SPHY. At a 0.29 correlation, their price movements are largely independent. HTAB charges 0.39%/yr vs 0.05%/yr for SPHY.
Performance
HTAB vs. SPHY - Performance Comparison
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Returns By Period
In the year-to-date period, HTAB achieves a 1.64% return, which is significantly lower than SPHY's 1.85% return.
HTAB
- 1D
- -0.05%
- 1M
- 1.46%
- YTD
- 1.64%
- 6M
- 1.49%
- 1Y
- 6.48%
- 3Y*
- 3.12%
- 5Y*
- 0.75%
- 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%
HTAB vs. SPHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HTAB Hartford Schroders Tax-Aware Bond ETF | 1.64% | 2.86% | 1.52% | 7.16% | -8.33% | -0.12% | 5.41% | 7.86% | 1.43% |
SPHY SPDR Portfolio High Yield Bond ETF | 1.85% | 8.59% | 8.54% | 12.81% | -10.57% | 5.61% | 6.65% | 13.16% | -1.19% |
Correlation
The correlation between HTAB and SPHY is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Apr 19, 2018 | 0.29 |
The correlation between HTAB and SPHY shifts across timeframes, from 0.29 (all time) to 0.49 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
HTAB vs. SPHY — Risk / Return Rank
HTAB
SPHY
HTAB vs. SPHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Schroders Tax-Aware Bond ETF (HTAB) 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.
| HTAB | SPHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.35 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 2.74 | -0.45 |
| Martin ratioReturn relative to average drawdown | 7.10 | 12.33 | -5.23 |
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Drawdowns
HTAB vs. SPHY - Drawdown Comparison
The maximum HTAB drawdown since its inception was -14.76%, smaller than the maximum SPHY drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for HTAB and SPHY.
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Drawdown Indicators
| HTAB | SPHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.76% | -21.97% | +7.21% |
Max Drawdown (1Y)Largest decline over 1 year | -2.85% | -2.41% | -0.44% |
Max Drawdown (3Y)Largest decline over 3 years | -8.42% | -4.85% | -3.57% |
Max Drawdown (5Y)Largest decline over 5 years | -14.76% | -15.29% | +0.53% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.97% | — |
Current DrawdownCurrent decline from peak | -0.70% | -0.17% | -0.53% |
Average DrawdownAverage peak-to-trough decline | -2.88% | -2.28% | -0.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 0.53% | +0.38% |
Volatility
HTAB vs. SPHY - Volatility Comparison
The current volatility for Hartford Schroders Tax-Aware Bond ETF (HTAB) is 0.90%, while SPDR Portfolio High Yield Bond ETF (SPHY) has a volatility of 0.96%. This indicates that HTAB experiences smaller price fluctuations and is considered to be less risky 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
| HTAB | SPHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.90% | 0.96% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 2.97% | -0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.92% | 3.72% | +0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.74% | 7.18% | -1.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.15% | 7.86% | -2.71% |
HTAB vs. SPHY - Expense Ratio Comparison
HTAB has a 0.39% expense ratio, which is higher than SPHY's 0.05% expense ratio.
Dividends
HTAB vs. SPHY - Dividend Comparison
HTAB's dividend yield for the trailing twelve months is around 3.83%, less than SPHY's 7.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HTAB Hartford Schroders Tax-Aware Bond ETF | 3.83% | 3.88% | 3.57% | 3.21% | 2.26% | 2.18% | 1.64% | 2.77% | 1.61% | 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
HTAB and SPHY have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPHY has higher volatility (0.96%) compared to HTAB (0.90%). In terms of maximum drawdown, HTAB dropped -14.76% vs SPHY's -21.97%.
On 5-year performance, SPHY leads with 4.30% vs 0.75% for HTAB. On fees, SPHY is cheaper at 0.05% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SPHY has performed better with a 4.30% return vs 0.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPHY is cheaper with a 0.05% expense ratio, compared with 0.39% for HTAB.
SPHY has the higher dividend yield at 7.24%, compared with 3.83% for HTAB.
HTAB is categorized as Intermediate Core Bond, while SPHY is High Yield Bonds. They also come from different issuers: Hartford and State Street. Their fees differ too: 0.39% for HTAB and 0.05% for SPHY.
SPHY currently has the higher Sharpe Ratio (1.78 vs 1.66), 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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