MBND vs. SPHY
Compare and contrast key facts about SPDR Nuveen Municipal Bond ETF (MBND) and SPDR Portfolio High Yield Bond ETF (SPHY).
MBND and SPHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MBND is an actively managed fund by SPDR. It was launched on Feb 4, 2021. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MBND or SPHY.
Correlation
The correlation between MBND and SPHY is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
MBND vs. SPHY - Performance Comparison
Key characteristics
MBND:
1.15
SPHY:
2.76
MBND:
1.61
SPHY:
4.07
MBND:
1.23
SPHY:
1.53
MBND:
0.73
SPHY:
4.79
MBND:
3.64
SPHY:
19.82
MBND:
1.01%
SPHY:
0.55%
MBND:
3.21%
SPHY:
3.96%
MBND:
-13.18%
SPHY:
-21.97%
MBND:
-1.38%
SPHY:
0.00%
Returns By Period
In the year-to-date period, MBND achieves a 0.37% return, which is significantly lower than SPHY's 1.85% return.
MBND
0.37%
1.11%
0.72%
3.37%
N/A
N/A
SPHY
1.85%
1.07%
4.38%
10.14%
4.42%
4.58%
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MBND vs. SPHY - Expense Ratio Comparison
MBND has a 0.40% expense ratio, which is higher than SPHY's 0.10% expense ratio.
Risk-Adjusted Performance
MBND vs. SPHY — Risk-Adjusted Performance Rank
MBND
SPHY
MBND vs. SPHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Nuveen Municipal Bond ETF (MBND) 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
MBND vs. SPHY - Dividend Comparison
MBND's dividend yield for the trailing twelve months is around 2.73%, less than SPHY's 7.68% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MBND SPDR Nuveen Municipal Bond ETF | 2.73% | 2.72% | 2.52% | 1.61% | 1.62% | 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
MBND vs. SPHY - Drawdown Comparison
The maximum MBND drawdown since its inception was -13.18%, smaller than the maximum SPHY drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for MBND and SPHY. For additional features, visit the drawdowns tool.
Volatility
MBND vs. SPHY - Volatility Comparison
SPDR Nuveen Municipal Bond ETF (MBND) has a higher volatility of 0.98% compared to SPDR Portfolio High Yield Bond ETF (SPHY) at 0.85%. This indicates that MBND'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.