HYFC.L vs. SPHY
Compare and contrast key facts about Invesco US High Yield Fallen Angels UCITS ETF Acc (HYFC.L) and SPDR Portfolio High Yield Bond ETF (SPHY).
HYFC.L and SPHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYFC.L is a passively managed fund by Invesco that tracks the performance of the FTSE Time-Weighted US Fallen Angel Bond Select Index. It was launched on Jul 27, 2022. 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. Both HYFC.L and SPHY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
HYFC.L vs. SPHY - Performance Comparison
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HYFC.L vs. SPHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HYFC.L Invesco US High Yield Fallen Angels UCITS ETF Acc | -1.65% | 9.62% | 5.17% | 10.23% | -3.05% |
SPHY SPDR Portfolio High Yield Bond ETF | -0.07% | 8.59% | 8.54% | 12.81% | -2.56% |
Returns By Period
In the year-to-date period, HYFC.L achieves a -1.65% return, which is significantly lower than SPHY's -0.07% return.
HYFC.L
- 1D
- 1.20%
- 1M
- -1.81%
- YTD
- -1.65%
- 6M
- -0.60%
- 1Y
- 5.63%
- 3Y*
- 7.05%
- 5Y*
- —
- 10Y*
- —
SPHY
- 1D
- 0.25%
- 1M
- -0.69%
- YTD
- -0.07%
- 6M
- 1.01%
- 1Y
- 7.16%
- 3Y*
- 8.49%
- 5Y*
- 4.36%
- 10Y*
- 5.32%
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HYFC.L vs. SPHY - Expense Ratio Comparison
HYFC.L has a 0.45% expense ratio, which is higher than SPHY's 0.10% expense ratio.
Return for Risk
HYFC.L vs. SPHY — Risk / Return Rank
HYFC.L
SPHY
HYFC.L vs. SPHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco US High Yield Fallen Angels UCITS ETF Acc (HYFC.L) 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.
| HYFC.L | SPHY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.89 | 1.31 | -0.42 |
Sortino ratioReturn per unit of downside risk | 1.24 | 1.94 | -0.70 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.31 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 0.93 | 1.81 | -0.88 |
Martin ratioReturn relative to average drawdown | 3.62 | 9.48 | -5.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HYFC.L | SPHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 1.31 | -0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.61 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.67 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 0.63 | +0.15 |
Correlation
The correlation between HYFC.L and SPHY is 0.56, 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.
Dividends
HYFC.L vs. SPHY - Dividend Comparison
HYFC.L has not paid dividends to shareholders, while SPHY's dividend yield for the trailing twelve months is around 7.37%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYFC.L Invesco US High Yield Fallen Angels UCITS ETF Acc | 0.00% | 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 | 7.37% | 7.38% | 7.80% | 7.30% | 6.47% | 5.13% | 5.63% | 5.73% | 4.09% | 4.41% | 4.27% | 4.29% |
Drawdowns
HYFC.L vs. SPHY - Drawdown Comparison
The maximum HYFC.L drawdown since its inception was -8.42%, smaller than the maximum SPHY drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for HYFC.L and SPHY.
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Drawdown Indicators
| HYFC.L | SPHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.42% | -21.97% | +13.55% |
Max Drawdown (1Y)Largest decline over 1 year | -5.95% | -4.07% | -1.88% |
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 | -4.28% | -1.06% | -3.22% |
Average DrawdownAverage peak-to-trough decline | -1.64% | -2.32% | +0.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.53% | 0.78% | +0.75% |
Volatility
HYFC.L vs. SPHY - Volatility Comparison
Invesco US High Yield Fallen Angels UCITS ETF Acc (HYFC.L) and SPDR Portfolio High Yield Bond ETF (SPHY) have volatilities of 2.23% and 2.23%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYFC.L | SPHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.23% | 2.23% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 4.52% | 2.88% | +1.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.30% | 5.50% | +0.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.92% | 7.16% | -0.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.92% | 7.97% | -1.05% |