Correlation
The correlation between OBND and SPHY is 0.46, 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.
OBND vs. SPHY
Compare and contrast key facts about SPDR Loomis Sayles Opportunistic Bond ETF (OBND) and SPDR Portfolio High Yield Bond ETF (SPHY).
OBND and SPHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OBND is an actively managed fund by SPDR. It was launched on Sep 27, 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: OBND or SPHY.
Performance
OBND vs. SPHY - Performance Comparison
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Key characteristics
OBND:
1.61
SPHY:
1.55
OBND:
2.14
SPHY:
2.12
OBND:
1.28
SPHY:
1.31
OBND:
1.67
SPHY:
1.68
OBND:
6.28
SPHY:
8.85
OBND:
0.91%
SPHY:
0.92%
OBND:
3.80%
SPHY:
5.65%
OBND:
-15.86%
SPHY:
-21.97%
OBND:
-0.81%
SPHY:
-0.60%
Returns By Period
In the year-to-date period, OBND achieves a 1.65% return, which is significantly lower than SPHY's 1.91% return.
OBND
1.65%
0.14%
1.01%
5.94%
4.45%
N/A
N/A
SPHY
1.91%
0.68%
1.53%
8.33%
7.36%
6.20%
4.67%
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OBND vs. SPHY - Expense Ratio Comparison
OBND has a 0.55% expense ratio, which is higher than SPHY's 0.10% expense ratio.
Risk-Adjusted Performance
OBND vs. SPHY — Risk-Adjusted Performance Rank
OBND
SPHY
OBND vs. SPHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Loomis Sayles Opportunistic Bond ETF (OBND) 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
OBND vs. SPHY - Dividend Comparison
OBND's dividend yield for the trailing twelve months is around 6.45%, less than SPHY's 7.72% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OBND SPDR Loomis Sayles Opportunistic Bond ETF | 6.45% | 6.52% | 6.01% | 4.57% | 0.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPHY SPDR Portfolio High Yield Bond ETF | 7.72% | 7.80% | 7.30% | 6.47% | 5.14% | 5.63% | 5.73% | 4.09% | 4.41% | 4.27% | 4.29% | 3.98% |
Drawdowns
OBND vs. SPHY - Drawdown Comparison
The maximum OBND drawdown since its inception was -15.86%, smaller than the maximum SPHY drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for OBND and SPHY.
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Volatility
OBND vs. SPHY - Volatility Comparison
The current volatility for SPDR Loomis Sayles Opportunistic Bond ETF (OBND) is 0.82%, while SPDR Portfolio High Yield Bond ETF (SPHY) has a volatility of 1.52%. This indicates that OBND experiences smaller price fluctuations and is considered to be less risky than SPHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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