HYS vs. SPHY
Compare and contrast key facts about PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS) and SPDR Portfolio High Yield Bond ETF (SPHY).
HYS and SPHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYS is a passively managed fund by PIMCO that tracks the performance of the ICE BofA US High Yield Constrained (0-5 Y). It was launched on Jun 16, 2011. 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 HYS 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYS or SPHY.
Key characteristics
| HYS | SPHY | |
|---|---|---|
| YTD Return | 7.99% | 8.45% |
| 1Y Return | 14.10% | 14.62% |
| 3Y Return (Ann) | 5.07% | 3.34% |
| 5Y Return (Ann) | 4.90% | 4.85% |
| 10Y Return (Ann) | 4.55% | 4.56% |
| Sharpe Ratio | 3.20 | 3.20 |
| Sortino Ratio | 5.05 | 5.12 |
| Omega Ratio | 1.63 | 1.65 |
| Calmar Ratio | 7.22 | 3.06 |
| Martin Ratio | 32.62 | 26.10 |
| Ulcer Index | 0.43% | 0.55% |
| Daily Std Dev | 4.39% | 4.52% |
| Max Drawdown | -20.91% | -21.97% |
| Current Drawdown | -0.66% | -0.50% |
Correlation
The correlation between HYS and SPHY is 0.55, 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
HYS vs. SPHY - Performance Comparison
In the year-to-date period, HYS achieves a 7.99% return, which is significantly lower than SPHY's 8.45% return. Both investments have delivered pretty close results over the past 10 years, with HYS having a 4.55% annualized return and SPHY not far ahead at 4.56%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HYS vs. SPHY - Expense Ratio Comparison
HYS has a 0.56% expense ratio, which is higher than SPHY's 0.10% expense ratio.
Risk-Adjusted Performance
HYS vs. SPHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS) 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
HYS vs. SPHY - Dividend Comparison
HYS's dividend yield for the trailing twelve months is around 8.36%, more than SPHY's 7.78% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYS PIMCO 0-5 Year High Yield Corporate Bond Index ETF | 8.36% | 7.58% | 5.01% | 3.74% | 4.52% | 4.98% | 4.97% | 5.00% | 5.13% | 5.22% | 5.42% | 4.59% |
SPHY SPDR Portfolio High Yield Bond ETF | 7.78% | 7.30% | 6.46% | 5.13% | 5.63% | 5.73% | 4.09% | 4.41% | 4.28% | 4.29% | 3.98% | 4.40% |
Drawdowns
HYS vs. SPHY - Drawdown Comparison
The maximum HYS drawdown since its inception was -20.91%, roughly equal to the maximum SPHY drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for HYS and SPHY. For additional features, visit the drawdowns tool.
Volatility
HYS vs. SPHY - Volatility Comparison
PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS) has a higher volatility of 1.30% compared to SPDR Portfolio High Yield Bond ETF (SPHY) at 1.15%. This indicates that HYS'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.