LQIG vs. SPHY
Compare and contrast key facts about SPDR MarketAxess Investment Grade 400 Corporate Bond ETF (LQIG) and SPDR Portfolio High Yield Bond ETF (SPHY).
LQIG and SPHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LQIG is a passively managed fund by SPDR that tracks the performance of the MarketAxess U.S. Investment Grade 400 Corporate Bond Index - Benchmark TR Gross. It was launched on May 11, 2022. 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 LQIG 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: LQIG or SPHY.
Correlation
The correlation between LQIG and SPHY is 0.67, 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
LQIG vs. SPHY - Performance Comparison
Key characteristics
LQIG:
0.76
SPHY:
2.64
LQIG:
1.11
SPHY:
3.89
LQIG:
1.13
SPHY:
1.51
LQIG:
0.85
SPHY:
4.56
LQIG:
2.16
SPHY:
18.87
LQIG:
2.28%
SPHY:
0.55%
LQIG:
6.49%
SPHY:
3.95%
LQIG:
-11.86%
SPHY:
-21.97%
LQIG:
-3.27%
SPHY:
-0.04%
Returns By Period
In the year-to-date period, LQIG achieves a 1.13% return, which is significantly lower than SPHY's 1.81% return.
LQIG
1.13%
1.14%
-1.22%
4.86%
N/A
N/A
SPHY
1.81%
0.73%
4.20%
10.18%
4.42%
4.59%
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LQIG vs. SPHY - Expense Ratio Comparison
LQIG has a 0.07% expense ratio, which is lower than SPHY's 0.10% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
LQIG vs. SPHY — Risk-Adjusted Performance Rank
LQIG
SPHY
LQIG vs. SPHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MarketAxess Investment Grade 400 Corporate Bond ETF (LQIG) 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
LQIG vs. SPHY - Dividend Comparison
LQIG's dividend yield for the trailing twelve months is around 5.43%, less than SPHY's 7.68% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LQIG SPDR MarketAxess Investment Grade 400 Corporate Bond ETF | 5.43% | 5.48% | 4.85% | 4.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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
LQIG vs. SPHY - Drawdown Comparison
The maximum LQIG drawdown since its inception was -11.86%, smaller than the maximum SPHY drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for LQIG and SPHY. For additional features, visit the drawdowns tool.
Volatility
LQIG vs. SPHY - Volatility Comparison
SPDR MarketAxess Investment Grade 400 Corporate Bond ETF (LQIG) has a higher volatility of 1.79% compared to SPDR Portfolio High Yield Bond ETF (SPHY) at 0.85%. This indicates that LQIG'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.