INKM vs. SPHY
Compare and contrast key facts about SPDR SSgA Income Allocation ETF (INKM) and SPDR Portfolio High Yield Bond ETF (SPHY).
INKM and SPHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. INKM is an actively managed fund by State Street. It was launched on Apr 25, 2012. 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: INKM or SPHY.
Correlation
The correlation between INKM and SPHY is 0.50, 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
INKM vs. SPHY - Performance Comparison
Key characteristics
INKM:
1.75
SPHY:
2.64
INKM:
2.47
SPHY:
3.89
INKM:
1.31
SPHY:
1.51
INKM:
1.57
SPHY:
4.56
INKM:
7.29
SPHY:
18.87
INKM:
1.44%
SPHY:
0.55%
INKM:
5.99%
SPHY:
3.95%
INKM:
-28.58%
SPHY:
-21.97%
INKM:
-0.94%
SPHY:
-0.04%
Returns By Period
In the year-to-date period, INKM achieves a 2.46% return, which is significantly higher than SPHY's 1.81% return. Over the past 10 years, INKM has underperformed SPHY with an annualized return of 3.90%, while SPHY has yielded a comparatively higher 4.59% annualized return.
INKM
2.46%
1.14%
1.92%
9.97%
2.70%
3.90%
SPHY
1.81%
0.73%
4.20%
10.18%
4.42%
4.59%
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INKM vs. SPHY - Expense Ratio Comparison
INKM has a 0.50% expense ratio, which is higher than SPHY's 0.10% expense ratio.
Risk-Adjusted Performance
INKM vs. SPHY — Risk-Adjusted Performance Rank
INKM
SPHY
INKM vs. SPHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR SSgA Income Allocation ETF (INKM) 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
INKM vs. SPHY - Dividend Comparison
INKM's dividend yield for the trailing twelve months is around 4.71%, less than SPHY's 7.68% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INKM SPDR SSgA Income Allocation ETF | 4.71% | 4.83% | 4.56% | 5.03% | 3.74% | 3.88% | 4.38% | 4.08% | 3.10% | 3.39% | 3.45% | 3.47% |
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
INKM vs. SPHY - Drawdown Comparison
The maximum INKM drawdown since its inception was -28.58%, which is greater than SPHY's maximum drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for INKM and SPHY. For additional features, visit the drawdowns tool.
Volatility
INKM vs. SPHY - Volatility Comparison
SPDR SSgA Income Allocation ETF (INKM) has a higher volatility of 1.81% compared to SPDR Portfolio High Yield Bond ETF (SPHY) at 0.85%. This indicates that INKM'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.