Correlation
The correlation between MNDO and SPHY is 0.44, 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.
MNDO vs. SPHY
Compare and contrast key facts about MIND C.T.I. Ltd (MNDO) and SPDR Portfolio High Yield Bond ETF (SPHY).
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: MNDO or SPHY.
Performance
MNDO vs. SPHY - Performance Comparison
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Key characteristics
MNDO:
-0.38
SPHY:
1.70
MNDO:
-0.41
SPHY:
2.48
MNDO:
0.94
SPHY:
1.37
MNDO:
-0.25
SPHY:
1.97
MNDO:
-1.30
SPHY:
10.39
MNDO:
8.26%
SPHY:
0.92%
MNDO:
25.91%
SPHY:
5.64%
MNDO:
-94.27%
SPHY:
-21.97%
MNDO:
-39.13%
SPHY:
0.00%
Returns By Period
In the year-to-date period, MNDO achieves a -15.48% return, which is significantly lower than SPHY's 2.69% return. Over the past 10 years, MNDO has outperformed SPHY with an annualized return of 5.57%, while SPHY has yielded a comparatively lower 4.72% annualized return.
MNDO
-15.48%
-10.82%
-15.70%
-12.15%
-7.30%
5.65%
5.57%
SPHY
2.69%
1.69%
1.97%
9.08%
6.63%
6.00%
4.72%
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Risk-Adjusted Performance
MNDO vs. SPHY — Risk-Adjusted Performance Rank
MNDO
SPHY
MNDO vs. SPHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MIND C.T.I. Ltd (MNDO) 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.
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Dividends
MNDO vs. SPHY - Dividend Comparison
MNDO's dividend yield for the trailing twelve months is around 14.77%, more than SPHY's 7.66% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MNDO MIND C.T.I. Ltd | 14.77% | 12.15% | 12.24% | 12.38% | 8.37% | 9.27% | 10.78% | 13.16% | 11.55% | 10.98% | 11.86% | 6.11% |
SPHY SPDR Portfolio High Yield Bond ETF | 7.66% | 7.80% | 7.30% | 6.47% | 5.14% | 5.63% | 5.73% | 4.09% | 4.41% | 4.27% | 4.29% | 3.98% |
Drawdowns
MNDO vs. SPHY - Drawdown Comparison
The maximum MNDO drawdown since its inception was -94.27%, which is greater than SPHY's maximum drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for MNDO and SPHY.
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Volatility
MNDO vs. SPHY - Volatility Comparison
MIND C.T.I. Ltd (MNDO) has a higher volatility of 13.22% compared to SPDR Portfolio High Yield Bond ETF (SPHY) at 1.47%. This indicates that MNDO'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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