MIN vs. SPHY
MIN (MFS Intermediate Income Trust) 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 10 years, MIN returned 2.87%/yr vs 4.90%/yr for SPHY. At a 0.14 correlation, their price movements are largely independent.
Performance
MIN vs. SPHY - Performance Comparison
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Returns By Period
In the year-to-date period, MIN achieves a -1.38% return, which is significantly lower than SPHY's 1.88% return. Over the past 10 years, MIN has underperformed SPHY with an annualized return of 2.87%, while SPHY has yielded a comparatively higher 4.90% annualized return.
MIN
- 1D
- 0.41%
- 1M
- 1.17%
- 6M
- -2.87%
- YTD
- -1.38%
- 1Y
- 0.35%
- 3Y*
- 5.56%
- 5Y*
- 0.75%
- 10Y*
- 2.87%
SPHY
- 1D
- -0.21%
- 1M
- 0.03%
- 6M
- 1.37%
- YTD
- 1.88%
- 1Y
- 6.00%
- 3Y*
- 8.57%
- 5Y*
- 4.21%
- 10Y*
- 4.90%
MIN vs. SPHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MIN MFS Intermediate Income Trust | -1.38% | 6.92% | 8.59% | 6.33% | -15.68% | 2.79% | 9.71% | 13.42% | -2.99% | 2.36% |
SPHY SPDR Portfolio High Yield Bond ETF | 1.88% | 8.59% | 8.54% | 12.81% | -10.57% | 5.61% | 6.65% | 13.16% | -3.35% | 7.35% |
Correlation
The correlation between MIN and SPHY is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jun 19, 2012 | 0.14 |
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Return for Risk
MIN vs. SPHY — Risk / Return Rank
MIN
SPHY
MIN vs. SPHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Intermediate Income Trust (MIN) 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.
| MIN | SPHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.62 | ||
| Sortino ratioReturn per unit of downside risk | -2.38 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.33 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 0.06 | 2.50 | -2.44 |
| Martin ratioReturn relative to average drawdown | 0.13 | 11.33 | -11.21 |
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Drawdowns
MIN vs. SPHY - Drawdown Comparison
The maximum MIN drawdown since its inception was -31.15%, which is greater than SPHY's maximum drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for MIN and SPHY.
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Drawdown Indicators
| MIN | SPHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.15% | -21.97% | -9.18% |
Max Drawdown (1Y)Largest decline over 1 year | -6.20% | -2.41% | -3.79% |
Max Drawdown (3Y)Largest decline over 3 years | -7.08% | -4.85% | -2.23% |
Max Drawdown (5Y)Largest decline over 5 years | -19.31% | -15.29% | -4.02% |
Max Drawdown (10Y)Largest decline over 10 years | -19.31% | -21.97% | +2.66% |
Current DrawdownCurrent decline from peak | -3.23% | -0.39% | -2.84% |
Average DrawdownAverage peak-to-trough decline | -8.83% | -2.27% | -6.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.78% | 0.53% | +2.25% |
Volatility
MIN vs. SPHY - Volatility Comparison
MFS Intermediate Income Trust (MIN) has a higher volatility of 1.90% compared to SPDR Portfolio High Yield Bond ETF (SPHY) at 0.82%. This indicates that MIN'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
| MIN | SPHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.90% | 0.82% | +1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 8.87% | 2.98% | +5.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.78% | 3.66% | +7.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.19% | 7.18% | +4.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.40% | 7.84% | +2.56% |
Dividends
MIN vs. SPHY - Dividend Comparison
MIN's dividend yield for the trailing twelve months is around 9.38%, more than SPHY's 7.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MIN MFS Intermediate Income Trust | 9.38% | 8.78% | 9.11% | 9.36% | 10.04% | 8.97% | 8.90% | 9.04% | 9.70% | 9.37% | 9.39% | 9.71% |
SPHY SPDR Portfolio High Yield Bond ETF | 7.25% | 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
MIN and SPHY have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MIN has higher volatility (1.90%) compared to SPHY (0.82%). In terms of maximum drawdown, MIN dropped -31.15% vs SPHY's -21.97%.
SPHY currently has the higher Sharpe Ratio (1.65 vs 0.03), 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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