Correlation
The correlation between HYFI and SPHY is 0.60, 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.
HYFI vs. SPHY
Compare and contrast key facts about AB High Yield ETF (HYFI) and SPDR Portfolio High Yield Bond ETF (SPHY).
HYFI and SPHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYFI is an actively managed fund by AB Funds. It was launched on Jul 26, 2016. 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: HYFI or SPHY.
Performance
HYFI vs. SPHY - Performance Comparison
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Key characteristics
HYFI:
1.48
SPHY:
1.70
HYFI:
1.97
SPHY:
2.48
HYFI:
1.34
SPHY:
1.37
HYFI:
1.46
SPHY:
1.97
HYFI:
9.64
SPHY:
10.39
HYFI:
0.96%
SPHY:
0.92%
HYFI:
6.28%
SPHY:
5.64%
HYFI:
-6.34%
SPHY:
-21.97%
HYFI:
0.00%
SPHY:
0.00%
Returns By Period
In the year-to-date period, HYFI achieves a 2.93% return, which is significantly higher than SPHY's 2.69% return.
HYFI
2.93%
1.97%
2.20%
8.83%
N/A
N/A
N/A
SPHY
2.69%
1.69%
1.97%
9.08%
6.63%
6.00%
4.72%
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HYFI vs. SPHY - Expense Ratio Comparison
HYFI has a 0.40% expense ratio, which is higher than SPHY's 0.10% expense ratio.
Risk-Adjusted Performance
HYFI vs. SPHY — Risk-Adjusted Performance Rank
HYFI
SPHY
HYFI vs. SPHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AB High Yield ETF (HYFI) 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.
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Dividends
HYFI vs. SPHY - Dividend Comparison
HYFI's dividend yield for the trailing twelve months is around 6.60%, less than SPHY's 7.66% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYFI AB High Yield ETF | 6.60% | 6.58% | 4.17% | 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 | 7.66% | 7.80% | 7.30% | 6.47% | 5.14% | 5.63% | 5.73% | 4.09% | 4.41% | 4.27% | 4.29% | 3.98% |
Drawdowns
HYFI vs. SPHY - Drawdown Comparison
The maximum HYFI drawdown since its inception was -6.34%, smaller than the maximum SPHY drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for HYFI and SPHY.
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Volatility
HYFI vs. SPHY - Volatility Comparison
The current volatility for AB High Yield ETF (HYFI) is 1.17%, while SPDR Portfolio High Yield Bond ETF (SPHY) has a volatility of 1.47%. This indicates that HYFI 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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