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.
Correlation
The correlation between OBND and SPHY is 0.69, 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.
Performance
OBND vs. SPHY - Performance Comparison
Key characteristics
OBND:
1.30
SPHY:
2.05
OBND:
1.85
SPHY:
2.93
OBND:
1.23
SPHY:
1.38
OBND:
1.00
SPHY:
3.75
OBND:
6.45
SPHY:
15.03
OBND:
0.74%
SPHY:
0.57%
OBND:
3.67%
SPHY:
4.18%
OBND:
-15.85%
SPHY:
-21.97%
OBND:
-2.04%
SPHY:
-1.51%
Returns By Period
In the year-to-date period, OBND achieves a 4.16% return, which is significantly lower than SPHY's 7.88% return.
OBND
4.16%
-0.70%
2.69%
4.44%
N/A
N/A
SPHY
7.88%
-0.48%
4.79%
8.16%
4.26%
4.50%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 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.
Dividends
OBND vs. SPHY - Dividend Comparison
OBND's dividend yield for the trailing twelve months is around 6.07%, less than SPHY's 7.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OBND SPDR Loomis Sayles Opportunistic Bond ETF | 6.07% | 6.01% | 4.57% | 0.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPHY SPDR Portfolio High Yield Bond ETF | 7.18% | 7.30% | 6.46% | 5.13% | 5.63% | 5.73% | 4.09% | 4.41% | 4.28% | 4.29% | 3.98% | 4.40% |
Drawdowns
OBND vs. SPHY - Drawdown Comparison
The maximum OBND drawdown since its inception was -15.85%, 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. For additional features, visit the drawdowns tool.
Volatility
OBND vs. SPHY - Volatility Comparison
SPDR Loomis Sayles Opportunistic Bond ETF (OBND) and SPDR Portfolio High Yield Bond ETF (SPHY) have volatilities of 1.30% and 1.29%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.