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 -10.18%/yr vs 4.39%/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 -11.46% return, which is significantly lower than SPHY's 1.54% return.
LI
- 1D
- -2.85%
- 1M
- -16.16%
- YTD
- -11.46%
- 6M
- -14.05%
- 1Y
- -49.20%
- 3Y*
- -20.15%
- 5Y*
- -10.18%
- 10Y*
- —
SPHY
- 1D
- -0.21%
- 1M
- 0.42%
- YTD
- 1.54%
- 6M
- 1.93%
- 1Y
- 7.16%
- 3Y*
- 8.97%
- 5Y*
- 4.39%
- 10Y*
- 5.15%
LI vs. SPHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
LI Li Auto Inc. | -11.46% | -29.43% | -35.91% | 83.48% | -36.45% | 11.34% | 75.15% |
SPHY SPDR Portfolio High Yield Bond ETF | 1.54% | 8.59% | 8.54% | 12.81% | -10.57% | 5.61% | 6.87% |
Correlation
The correlation between LI and SPHY is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jul 31, 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.
| LI | SPHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.19 | ||
| Sortino ratioReturn per unit of downside risk | -4.99 | ||
| Omega ratioGain probability vs. loss probability | 0.78 | 1.39 | -0.61 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | 2.98 | -3.89 |
| Martin ratioReturn relative to average drawdown | -1.36 | 13.52 | -14.87 |
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
| LI | SPHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.24 | 1.96 | -3.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.16 | 0.62 | -0.78 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.65 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.02 | 0.64 | -0.66 |
Drawdowns
LI vs. SPHY - Drawdown Comparison
The maximum LI drawdown since its inception was -69.02%, 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 | -69.02% | -21.97% | -47.05% |
Max Drawdown (1Y)Largest decline over 1 year | -54.28% | -2.41% | -51.87% |
Max Drawdown (3Y)Largest decline over 3 years | -68.83% | -4.85% | -63.98% |
Max Drawdown (5Y)Largest decline over 5 years | -68.83% | -15.29% | -53.54% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.97% | — |
Current DrawdownCurrent decline from peak | -67.87% | -0.22% | -67.65% |
Average DrawdownAverage peak-to-trough decline | -39.82% | -2.29% | -37.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.32% | 0.53% | +35.79% |
Volatility
LI vs. SPHY - Volatility Comparison
Li Auto Inc. (LI) has a higher volatility of 17.07% compared to SPDR Portfolio High Yield Bond ETF (SPHY) at 1.14%. 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 | 17.07% | 1.14% | +15.93% |
Volatility (6M)Calculated over the trailing 6-month period | 28.40% | 2.91% | +25.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.42% | 3.68% | +36.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.62% | 7.17% | +56.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 68.39% | 7.89% | +60.50% |
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 7.27%.
| 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 | 7.27% | 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 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LI has higher volatility (17.07%) compared to SPHY (1.14%). In terms of maximum drawdown, LI dropped -69.02% vs SPHY's -21.97%.
SPHY currently has the higher Sharpe Ratio (1.96 vs -1.24), 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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