HYXF vs. SPHY
Compare and contrast key facts about iShares ESG Advanced High Yield Corporate Bond ETF (HYXF) and SPDR Portfolio High Yield Bond ETF (SPHY).
HYXF and SPHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYXF is a passively managed fund by iShares that tracks the performance of the Bloomberg MSCI US High Yield Corporate Choice ESG Screened. It was launched on Jun 14, 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. Both HYXF 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: HYXF or SPHY.
Correlation
The correlation between HYXF and SPHY is 0.69, 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
HYXF vs. SPHY - Performance Comparison
Key characteristics
HYXF:
2.33
SPHY:
2.57
HYXF:
3.41
SPHY:
3.79
HYXF:
1.43
SPHY:
1.49
HYXF:
4.11
SPHY:
4.43
HYXF:
14.83
SPHY:
18.35
HYXF:
0.69%
SPHY:
0.55%
HYXF:
4.38%
SPHY:
3.95%
HYXF:
-18.75%
SPHY:
-21.97%
HYXF:
-0.15%
SPHY:
0.00%
Returns By Period
In the year-to-date period, HYXF achieves a 1.72% return, which is significantly lower than SPHY's 1.85% return.
HYXF
1.72%
0.77%
3.94%
10.14%
3.20%
N/A
SPHY
1.85%
0.77%
4.03%
10.18%
4.45%
4.59%
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HYXF vs. SPHY - Expense Ratio Comparison
HYXF has a 0.35% expense ratio, which is higher than SPHY's 0.10% expense ratio.
Risk-Adjusted Performance
HYXF vs. SPHY — Risk-Adjusted Performance Rank
HYXF
SPHY
HYXF vs. SPHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Advanced High Yield Corporate Bond ETF (HYXF) 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
HYXF vs. SPHY - Dividend Comparison
HYXF's dividend yield for the trailing twelve months is around 6.36%, less than SPHY's 7.68% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYXF iShares ESG Advanced High Yield Corporate Bond ETF | 6.36% | 6.41% | 5.92% | 5.37% | 4.56% | 5.35% | 5.29% | 6.14% | 5.85% | 3.15% | 0.00% | 0.00% |
SPHY SPDR Portfolio High Yield Bond ETF | 7.68% | 7.80% | 7.30% | 6.46% | 5.13% | 5.63% | 5.73% | 4.09% | 4.41% | 4.28% | 4.29% | 3.98% |
Drawdowns
HYXF vs. SPHY - Drawdown Comparison
The maximum HYXF drawdown since its inception was -18.75%, smaller than the maximum SPHY drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for HYXF and SPHY. For additional features, visit the drawdowns tool.
Volatility
HYXF vs. SPHY - Volatility Comparison
iShares ESG Advanced High Yield Corporate Bond ETF (HYXF) has a higher volatility of 1.05% compared to SPDR Portfolio High Yield Bond ETF (SPHY) at 0.84%. This indicates that HYXF'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.