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HYGV vs. SPHY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between HYGV and SPHY is 0.67, 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.


-0.50.00.51.0
Correlation: 0.7

Performance

HYGV vs. SPHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FlexShares High Yield Value-Scored US Bond Index Fund (HYGV) and SPDR Portfolio High Yield Bond ETF (SPHY). The values are adjusted to include any dividend payments, if applicable.

30.00%32.00%34.00%36.00%38.00%40.00%42.00%NovemberDecember2025FebruaryMarchApril
34.87%
40.22%
HYGV
SPHY

Key characteristics

Sharpe Ratio

HYGV:

1.16

SPHY:

1.59

Sortino Ratio

HYGV:

1.63

SPHY:

2.32

Omega Ratio

HYGV:

1.26

SPHY:

1.34

Calmar Ratio

HYGV:

1.28

SPHY:

1.82

Martin Ratio

HYGV:

6.48

SPHY:

9.82

Ulcer Index

HYGV:

1.10%

SPHY:

0.90%

Daily Std Dev

HYGV:

6.14%

SPHY:

5.58%

Max Drawdown

HYGV:

-23.47%

SPHY:

-21.97%

Current Drawdown

HYGV:

-1.63%

SPHY:

-0.99%

Returns By Period

In the year-to-date period, HYGV achieves a 0.33% return, which is significantly lower than SPHY's 1.22% return.


HYGV

YTD

0.33%

1M

-0.29%

6M

1.29%

1Y

7.24%

5Y*

6.49%

10Y*

N/A

SPHY

YTD

1.22%

1M

0.12%

6M

2.15%

1Y

8.94%

5Y*

6.82%

10Y*

4.50%

*Annualized

Compare stocks, funds, or ETFs

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HYGV vs. SPHY - Expense Ratio Comparison

HYGV has a 0.37% expense ratio, which is higher than SPHY's 0.10% expense ratio.


Expense ratio chart for HYGV: current value is 0.37%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
HYGV: 0.37%
Expense ratio chart for SPHY: current value is 0.10%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SPHY: 0.10%

Risk-Adjusted Performance

HYGV vs. SPHY — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HYGV
The Risk-Adjusted Performance Rank of HYGV is 8686
Overall Rank
The Sharpe Ratio Rank of HYGV is 8484
Sharpe Ratio Rank
The Sortino Ratio Rank of HYGV is 8383
Sortino Ratio Rank
The Omega Ratio Rank of HYGV is 8787
Omega Ratio Rank
The Calmar Ratio Rank of HYGV is 8787
Calmar Ratio Rank
The Martin Ratio Rank of HYGV is 8888
Martin Ratio Rank

SPHY
The Risk-Adjusted Performance Rank of SPHY is 9292
Overall Rank
The Sharpe Ratio Rank of SPHY is 9191
Sharpe Ratio Rank
The Sortino Ratio Rank of SPHY is 9191
Sortino Ratio Rank
The Omega Ratio Rank of SPHY is 9292
Omega Ratio Rank
The Calmar Ratio Rank of SPHY is 9292
Calmar Ratio Rank
The Martin Ratio Rank of SPHY is 9393
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

HYGV vs. SPHY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for FlexShares High Yield Value-Scored US Bond Index Fund (HYGV) 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.


The chart of Sharpe ratio for HYGV, currently valued at 1.16, compared to the broader market-1.000.001.002.003.004.00
HYGV: 1.16
SPHY: 1.59
The chart of Sortino ratio for HYGV, currently valued at 1.63, compared to the broader market-2.000.002.004.006.008.00
HYGV: 1.63
SPHY: 2.32
The chart of Omega ratio for HYGV, currently valued at 1.26, compared to the broader market0.501.001.502.002.50
HYGV: 1.26
SPHY: 1.34
The chart of Calmar ratio for HYGV, currently valued at 1.28, compared to the broader market0.002.004.006.008.0010.0012.00
HYGV: 1.28
SPHY: 1.82
The chart of Martin ratio for HYGV, currently valued at 6.48, compared to the broader market0.0020.0040.0060.00
HYGV: 6.48
SPHY: 9.82

The current HYGV Sharpe Ratio is 1.16, which is comparable to the SPHY Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of HYGV and SPHY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
1.16
1.59
HYGV
SPHY

Dividends

HYGV vs. SPHY - Dividend Comparison

HYGV's dividend yield for the trailing twelve months is around 8.00%, more than SPHY's 7.76% yield.


TTM20242023202220212020201920182017201620152014
HYGV
FlexShares High Yield Value-Scored US Bond Index Fund
8.00%8.20%8.77%7.64%6.07%6.18%7.95%5.63%0.00%0.00%0.00%0.00%
SPHY
SPDR Portfolio High Yield Bond ETF
7.76%7.80%7.30%6.47%5.14%5.63%5.73%4.09%4.41%4.27%4.29%3.98%

Drawdowns

HYGV vs. SPHY - Drawdown Comparison

The maximum HYGV drawdown since its inception was -23.47%, which is greater than SPHY's maximum drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for HYGV and SPHY. For additional features, visit the drawdowns tool.


-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%0.00%NovemberDecember2025FebruaryMarchApril
-1.63%
-0.99%
HYGV
SPHY

Volatility

HYGV vs. SPHY - Volatility Comparison

FlexShares High Yield Value-Scored US Bond Index Fund (HYGV) has a higher volatility of 4.84% compared to SPDR Portfolio High Yield Bond ETF (SPHY) at 4.19%. This indicates that HYGV'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.


1.00%2.00%3.00%4.00%5.00%NovemberDecember2025FebruaryMarchApril
4.84%
4.19%
HYGV
SPHY