HYTR vs. SPYD
Compare and contrast key facts about CP High Yield Trend ETF (HYTR) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD).
HYTR and SPYD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYTR is a passively managed fund by Counterpoint Mutual Funds LLC that tracks the performance of the CP High Yield Trend Index. It was launched on Jan 21, 2020. SPYD is a passively managed fund by State Street that tracks the performance of the S&P 500 High Dividend Index. It was launched on Oct 21, 2015. Both HYTR and SPYD 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: HYTR or SPYD.
Performance
HYTR vs. SPYD - Performance Comparison
Returns By Period
In the year-to-date period, HYTR achieves a 7.04% return, which is significantly lower than SPYD's 20.15% return.
HYTR
7.04%
-0.25%
5.10%
12.15%
N/A
N/A
SPYD
20.15%
-1.32%
12.60%
33.94%
8.08%
N/A
Key characteristics
| HYTR | SPYD | |
|---|---|---|
| Sharpe Ratio | 2.08 | 2.55 |
| Sortino Ratio | 3.09 | 3.55 |
| Omega Ratio | 1.48 | 1.45 |
| Calmar Ratio | 1.38 | 2.07 |
| Martin Ratio | 12.72 | 16.91 |
| Ulcer Index | 0.96% | 1.96% |
| Daily Std Dev | 5.90% | 13.04% |
| Max Drawdown | -13.24% | -46.42% |
| Current Drawdown | -1.62% | -1.32% |
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HYTR vs. SPYD - Expense Ratio Comparison
HYTR has a 0.97% expense ratio, which is higher than SPYD's 0.07% expense ratio.
Correlation
The correlation between HYTR and SPYD 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.
Risk-Adjusted Performance
HYTR vs. SPYD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for CP High Yield Trend ETF (HYTR) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD). 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
HYTR vs. SPYD - Dividend Comparison
HYTR's dividend yield for the trailing twelve months is around 5.67%, more than SPYD's 4.06% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
HYTR CP High Yield Trend ETF | 5.67% | 5.43% | 1.24% | 3.71% | 3.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPYD SPDR Portfolio S&P 500 High Dividend ETF | 4.06% | 4.66% | 5.01% | 3.69% | 4.96% | 4.42% | 4.75% | 4.64% | 4.34% | 1.13% |
Drawdowns
HYTR vs. SPYD - Drawdown Comparison
The maximum HYTR drawdown since its inception was -13.24%, smaller than the maximum SPYD drawdown of -46.42%. Use the drawdown chart below to compare losses from any high point for HYTR and SPYD. For additional features, visit the drawdowns tool.
Volatility
HYTR vs. SPYD - Volatility Comparison
The current volatility for CP High Yield Trend ETF (HYTR) is 1.07%, while SPDR Portfolio S&P 500 High Dividend ETF (SPYD) has a volatility of 3.42%. This indicates that HYTR experiences smaller price fluctuations and is considered to be less risky than SPYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.