LDRH vs. SPHY
Compare and contrast key facts about iShares iBonds 1-5 Year High Yield and Income Ladder ETF (LDRH) and SPDR Portfolio High Yield Bond ETF (SPHY).
LDRH and SPHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LDRH is a passively managed fund by iShares that tracks the performance of the BlackRock iBonds 1-5 Year High Yield and Income Ladder Index. It was launched on Nov 7, 2024. 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 LDRH 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.
Performance
LDRH vs. SPHY - Performance Comparison
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LDRH vs. SPHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
LDRH iShares iBonds 1-5 Year High Yield and Income Ladder ETF | 0.51% | 7.18% | 0.21% |
SPHY SPDR Portfolio High Yield Bond ETF | -0.32% | 8.59% | -0.41% |
Returns By Period
In the year-to-date period, LDRH achieves a 0.51% return, which is significantly higher than SPHY's -0.32% return.
LDRH
- 1D
- 0.65%
- 1M
- 0.04%
- YTD
- 0.51%
- 6M
- 1.75%
- 1Y
- 6.58%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPHY
- 1D
- 1.00%
- 1M
- -1.02%
- YTD
- -0.32%
- 6M
- 0.94%
- 1Y
- 7.11%
- 3Y*
- 8.40%
- 5Y*
- 4.31%
- 10Y*
- 5.29%
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LDRH vs. SPHY - Expense Ratio Comparison
LDRH has a 0.35% expense ratio, which is higher than SPHY's 0.10% expense ratio.
Return for Risk
LDRH vs. SPHY — Risk / Return Rank
LDRH
SPHY
LDRH vs. SPHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 1-5 Year High Yield and Income Ladder ETF (LDRH) 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.
| LDRH | SPHY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.70 | 1.30 | +0.40 |
Sortino ratioReturn per unit of downside risk | 2.61 | 1.92 | +0.68 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.31 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 2.32 | 1.76 | +0.56 |
Martin ratioReturn relative to average drawdown | 14.23 | 9.23 | +5.00 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LDRH | SPHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.70 | 1.30 | +0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.61 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.67 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.58 | 0.62 | +0.96 |
Correlation
The correlation between LDRH and SPHY is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
LDRH vs. SPHY - Dividend Comparison
LDRH's dividend yield for the trailing twelve months is around 6.99%, less than SPHY's 7.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LDRH iShares iBonds 1-5 Year High Yield and Income Ladder ETF | 6.99% | 6.41% | 1.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPHY SPDR Portfolio High Yield Bond ETF | 7.39% | 7.38% | 7.80% | 7.30% | 6.47% | 5.13% | 5.63% | 5.73% | 4.09% | 4.41% | 4.27% | 4.29% |
Drawdowns
LDRH vs. SPHY - Drawdown Comparison
The maximum LDRH drawdown since its inception was -3.17%, smaller than the maximum SPHY drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for LDRH and SPHY.
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Drawdown Indicators
| LDRH | SPHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.17% | -21.97% | +18.80% |
Max Drawdown (1Y)Largest decline over 1 year | -2.82% | -4.07% | +1.25% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.29% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.97% | — |
Current DrawdownCurrent decline from peak | -0.46% | -1.31% | +0.85% |
Average DrawdownAverage peak-to-trough decline | -0.25% | -2.32% | +2.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.46% | 0.78% | -0.32% |
Volatility
LDRH vs. SPHY - Volatility Comparison
The current volatility for iShares iBonds 1-5 Year High Yield and Income Ladder ETF (LDRH) is 1.41%, while SPDR Portfolio High Yield Bond ETF (SPHY) has a volatility of 2.23%. This indicates that LDRH experiences smaller price fluctuations and is considered to be less risky than SPHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LDRH | SPHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 2.23% | -0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 2.03% | 2.87% | -0.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.89% | 5.49% | -1.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.62% | 7.15% | -3.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.62% | 7.97% | -4.35% |