MBGYY vs. SPHY
MBGYY (Mercedes-Benz Group AG) 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 3 years, MBGYY returned -7.21%/yr vs 8.56%/yr for SPHY. At a 0.43 correlation, their price movements are largely independent.
Performance
MBGYY vs. SPHY - Performance Comparison
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Returns By Period
In the year-to-date period, MBGYY achieves a -20.85% return, which is significantly lower than SPHY's 2.23% return.
MBGYY
- 1D
- -0.84%
- 1M
- -4.33%
- 6M
- -18.91%
- YTD
- -20.85%
- 1Y
- -7.72%
- 3Y*
- -7.21%
- 5Y*
- —
- 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%
MBGYY vs. SPHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MBGYY Mercedes-Benz Group AG | -20.85% | 38.11% | -13.59% | 13.78% | 16.29% |
SPHY SPDR Portfolio High Yield Bond ETF | 2.23% | 8.59% | 8.54% | 12.81% | 1.22% |
Correlation
The correlation between MBGYY and SPHY is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2022 | 0.43 |
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Return for Risk
MBGYY vs. SPHY — Risk / Return Rank
MBGYY
SPHY
MBGYY vs. SPHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mercedes-Benz Group AG (MBGYY) 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.
| MBGYY | SPHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.01 | ||
| Sortino ratioReturn per unit of downside risk | -2.85 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.35 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.28 | 2.63 | -2.91 |
| Martin ratioReturn relative to average drawdown | -0.69 | 11.94 | -12.63 |
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Drawdowns
MBGYY vs. SPHY - Drawdown Comparison
The maximum MBGYY drawdown since its inception was -33.47%, which is greater than SPHY's maximum drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for MBGYY and SPHY.
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Drawdown Indicators
| MBGYY | SPHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.47% | -21.97% | -11.50% |
Max Drawdown (1Y)Largest decline over 1 year | -27.72% | -2.41% | -25.31% |
Max Drawdown (3Y)Largest decline over 3 years | -33.47% | -4.85% | -28.62% |
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 | -23.00% | -0.04% | -22.96% |
Average DrawdownAverage peak-to-trough decline | -12.11% | -2.27% | -9.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.27% | 0.53% | +10.74% |
Volatility
MBGYY vs. SPHY - Volatility Comparison
Mercedes-Benz Group AG (MBGYY) has a higher volatility of 10.54% compared to SPDR Portfolio High Yield Bond ETF (SPHY) at 0.67%. This indicates that MBGYY'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
| MBGYY | SPHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.54% | 0.67% | +9.87% |
Volatility (6M)Calculated over the trailing 6-month period | 21.19% | 2.98% | +18.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.63% | 3.64% | +24.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.89% | 7.18% | +20.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.89% | 7.83% | +20.06% |
Dividends
MBGYY vs. SPHY - Dividend Comparison
MBGYY's dividend yield for the trailing twelve months is around 7.77%, more than SPHY's 7.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MBGYY Mercedes-Benz Group AG | 7.77% | 6.95% | 10.45% | 8.24% | 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
MBGYY and SPHY have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MBGYY has higher volatility (10.54%) compared to SPHY (0.67%). In terms of maximum drawdown, MBGYY dropped -33.47% vs SPHY's -21.97%.
SPHY currently has the higher Sharpe Ratio (1.74 vs -0.27), 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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