LI vs. SPHY
LI (Li Auto Inc.) is a stock, while SPHY (SPDR Portfolio High Yield Bond ETF) is High Yield Bonds fund tracking the ICE BofA US High Yield Index. Over the past 5 years, LI returned -15.76%/yr vs 4.31%/yr for SPHY. At a 0.26 correlation, their price movements are largely independent.
Performance
LI vs. SPHY - Performance Comparison
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Returns By Period
In the year-to-date period, LI achieves a -24.04% return, which is significantly lower than SPHY's 2.23% return.
LI
- 1D
- 1.02%
- 1M
- -8.40%
- 6M
- -21.54%
- YTD
- -24.04%
- 1Y
- -56.26%
- 3Y*
- -30.43%
- 5Y*
- -15.76%
- 10Y*
- —
SPHY
- 1D
- 0.00%
- 1M
- 0.21%
- 6M
- 1.67%
- YTD
- 2.23%
- 1Y
- 6.32%
- 3Y*
- 8.56%
- 5Y*
- 4.31%
- 10Y*
- 4.94%
LI vs. SPHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
LI Li Auto Inc. | -24.04% | -29.43% | -35.91% | 83.48% | -36.45% | 11.34% | 86.00% |
SPHY SPDR Portfolio High Yield Bond ETF | 2.23% | 8.59% | 8.54% | 12.81% | -10.57% | 5.61% | 6.79% |
Correlation
The correlation between LI and SPHY is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2020 | 0.26 |
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Return for Risk
LI vs. SPHY — Risk / Return Rank
LI
SPHY
LI vs. SPHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Li Auto Inc. (LI) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| LI | SPHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.17 | ||
| Sortino ratioReturn per unit of downside risk | -5.14 | ||
| Omega ratioGain probability vs. loss probability | 0.73 | 1.35 | -0.62 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | 2.63 | -3.52 |
| Martin ratioReturn relative to average drawdown | -1.36 | 11.94 | -13.30 |
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Drawdowns
LI vs. SPHY - Drawdown Comparison
The maximum LI drawdown since its inception was -74.83%, which is greater than SPHY's maximum drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for LI and SPHY.
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Drawdown Indicators
| LI | SPHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.83% | -21.97% | -52.86% |
Max Drawdown (1Y)Largest decline over 1 year | -63.08% | -2.41% | -60.67% |
Max Drawdown (3Y)Largest decline over 3 years | -74.83% | -4.85% | -69.98% |
Max Drawdown (5Y)Largest decline over 5 years | -74.83% | -15.29% | -59.54% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.97% | — |
Current DrawdownCurrent decline from peak | -72.43% | -0.04% | -72.39% |
Average DrawdownAverage peak-to-trough decline | -40.42% | -2.27% | -38.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 41.45% | 0.53% | +40.92% |
Volatility
LI vs. SPHY - Volatility Comparison
Li Auto Inc. (LI) has a higher volatility of 10.14% compared to SPDR Portfolio High Yield Bond ETF (SPHY) at 0.67%. This indicates that LI'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.
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Volatility by Period
| LI | SPHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.14% | 0.67% | +9.47% |
Volatility (6M)Calculated over the trailing 6-month period | 29.03% | 2.98% | +26.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.58% | 3.64% | +35.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.18% | 7.18% | +56.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 67.94% | 7.83% | +60.11% |
Dividends
LI vs. SPHY - Dividend Comparison
LI has not paid dividends to shareholders, while SPHY's dividend yield for the trailing twelve months is around 7.22%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LI Li Auto Inc. | 0.00% | 0.00% | 0.00% | 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 | 7.22% | 7.38% | 7.80% | 7.30% | 6.47% | 5.13% | 5.63% | 5.73% | 4.09% | 4.41% | 4.27% | 4.29% |
Frequently Asked Questions
LI and SPHY have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LI has higher volatility (10.14%) compared to SPHY (0.67%). In terms of maximum drawdown, LI dropped -74.83% vs SPHY's -21.97%.
SPHY currently has the higher Sharpe Ratio (1.74 vs -1.43), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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