HWHIX vs. SPHY
Compare and contrast key facts about Hotchkis & Wiley High Yield Fund (HWHIX) and SPDR Portfolio High Yield Bond ETF (SPHY).
HWHIX is managed by Hotchkis & Wiley. It was launched on Mar 31, 2009. SPHY is a passively managed fund by State Street that tracks the performance of the ICE BofAML US High Yield Index. It was launched on Jun 18, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HWHIX or SPHY.
Correlation
The correlation between HWHIX and SPHY is 0.40, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
HWHIX vs. SPHY - Performance Comparison
Key characteristics
HWHIX:
2.97
SPHY:
2.57
HWHIX:
5.23
SPHY:
3.78
HWHIX:
1.73
SPHY:
1.49
HWHIX:
5.03
SPHY:
4.43
HWHIX:
17.51
SPHY:
18.36
HWHIX:
0.52%
SPHY:
0.55%
HWHIX:
3.07%
SPHY:
3.95%
HWHIX:
-23.03%
SPHY:
-21.97%
HWHIX:
-0.19%
SPHY:
-0.13%
Returns By Period
In the year-to-date period, HWHIX achieves a 1.19% return, which is significantly lower than SPHY's 1.81% return. Over the past 10 years, HWHIX has underperformed SPHY with an annualized return of 4.30%, while SPHY has yielded a comparatively higher 4.54% annualized return.
HWHIX
1.19%
0.43%
3.18%
8.91%
4.13%
4.30%
SPHY
1.81%
0.65%
3.59%
9.95%
4.43%
4.54%
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HWHIX vs. SPHY - Expense Ratio Comparison
HWHIX has a 0.70% expense ratio, which is higher than SPHY's 0.10% expense ratio.
Risk-Adjusted Performance
HWHIX vs. SPHY — Risk-Adjusted Performance Rank
HWHIX
SPHY
HWHIX vs. SPHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hotchkis & Wiley High Yield Fund (HWHIX) 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.
Dividends
HWHIX vs. SPHY - Dividend Comparison
HWHIX's dividend yield for the trailing twelve months is around 6.27%, less than SPHY's 7.68% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HWHIX Hotchkis & Wiley High Yield Fund | 6.27% | 6.28% | 5.72% | 5.51% | 4.49% | 5.47% | 5.92% | 6.24% | 5.97% | 6.29% | 6.83% | 5.98% |
SPHY SPDR Portfolio High Yield Bond ETF | 7.68% | 7.80% | 7.30% | 6.46% | 5.13% | 5.63% | 5.73% | 4.09% | 4.41% | 4.28% | 4.29% | 3.98% |
Drawdowns
HWHIX vs. SPHY - Drawdown Comparison
The maximum HWHIX drawdown since its inception was -23.03%, roughly equal to the maximum SPHY drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for HWHIX and SPHY. For additional features, visit the drawdowns tool.
Volatility
HWHIX vs. SPHY - Volatility Comparison
The current volatility for Hotchkis & Wiley High Yield Fund (HWHIX) is 0.78%, while SPDR Portfolio High Yield Bond ETF (SPHY) has a volatility of 0.83%. This indicates that HWHIX 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.