OCCI vs. SPHY
Compare and contrast key facts about OFS Credit Company, Inc. (OCCI) 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: OCCI or SPHY.
Correlation
The correlation between OCCI and SPHY is 0.19, 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
OCCI vs. SPHY - Performance Comparison
Key characteristics
OCCI:
1.37
SPHY:
2.62
OCCI:
2.01
SPHY:
3.85
OCCI:
1.26
SPHY:
1.50
OCCI:
0.78
SPHY:
4.51
OCCI:
7.04
SPHY:
18.69
OCCI:
3.24%
SPHY:
0.55%
OCCI:
16.56%
SPHY:
3.95%
OCCI:
-66.45%
SPHY:
-21.97%
OCCI:
-10.50%
SPHY:
0.00%
Returns By Period
In the year-to-date period, OCCI achieves a 2.66% return, which is significantly higher than SPHY's 1.93% return.
OCCI
2.66%
0.75%
7.94%
26.10%
2.56%
N/A
SPHY
1.93%
0.65%
4.25%
10.42%
4.46%
4.62%
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Risk-Adjusted Performance
OCCI vs. SPHY — Risk-Adjusted Performance Rank
OCCI
SPHY
OCCI vs. SPHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for OFS Credit Company, Inc. (OCCI) 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
OCCI vs. SPHY - Dividend Comparison
OCCI's dividend yield for the trailing twelve months is around 18.67%, more than SPHY's 7.67% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OCCI OFS Credit Company, Inc. | 18.67% | 18.14% | 30.19% | 27.09% | 16.28% | 18.04% | 13.21% | 2.93% | 0.00% | 0.00% | 0.00% | 0.00% |
SPHY SPDR Portfolio High Yield Bond ETF | 7.67% | 7.80% | 7.30% | 6.46% | 5.13% | 5.63% | 5.73% | 4.09% | 4.41% | 4.28% | 4.29% | 3.98% |
Drawdowns
OCCI vs. SPHY - Drawdown Comparison
The maximum OCCI drawdown since its inception was -66.45%, which is greater than SPHY's maximum drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for OCCI and SPHY. For additional features, visit the drawdowns tool.
Volatility
OCCI vs. SPHY - Volatility Comparison
OFS Credit Company, Inc. (OCCI) has a higher volatility of 2.88% compared to SPDR Portfolio High Yield Bond ETF (SPHY) at 0.83%. This indicates that OCCI'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.