QHY vs. SPHY
Compare and contrast key facts about WisdomTree U.S. Short-Term Corporate Bond Fund (QHY) and SPDR Portfolio High Yield Bond ETF (SPHY).
QHY and SPHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QHY is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree U.S. High Yield Corporate Bond Index. It was launched on Apr 27, 2016. 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. Both QHY and SPHY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
QHY vs. SPHY - Performance Comparison
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QHY vs. SPHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QHY WisdomTree U.S. Short-Term Corporate Bond Fund | -0.34% | 9.61% | 5.92% | 10.12% | -11.81% | 4.12% | 5.99% | 15.65% | -0.06% | 5.66% |
SPHY SPDR Portfolio High Yield Bond ETF | -0.07% | 8.59% | 8.54% | 12.81% | -10.57% | 5.61% | 6.65% | 13.16% | -3.35% | 7.35% |
Returns By Period
In the year-to-date period, QHY achieves a -0.34% return, which is significantly lower than SPHY's -0.07% return.
QHY
- 1D
- 0.09%
- 1M
- -1.04%
- YTD
- -0.34%
- 6M
- 0.83%
- 1Y
- 7.33%
- 3Y*
- 7.25%
- 5Y*
- 3.13%
- 10Y*
- —
SPHY
- 1D
- 0.25%
- 1M
- -0.69%
- YTD
- -0.07%
- 6M
- 1.01%
- 1Y
- 7.16%
- 3Y*
- 8.49%
- 5Y*
- 4.36%
- 10Y*
- 5.32%
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QHY vs. SPHY - Expense Ratio Comparison
QHY has a 0.38% expense ratio, which is higher than SPHY's 0.10% expense ratio.
Return for Risk
QHY vs. SPHY — Risk / Return Rank
QHY
SPHY
QHY vs. SPHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. Short-Term Corporate Bond Fund (QHY) 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.
| QHY | SPHY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.30 | 1.31 | -0.01 |
Sortino ratioReturn per unit of downside risk | 1.88 | 1.94 | -0.06 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.31 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.89 | 1.81 | +0.08 |
Martin ratioReturn relative to average drawdown | 8.98 | 9.48 | -0.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QHY | SPHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 1.31 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.61 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.67 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.63 | -0.03 |
Correlation
The correlation between QHY 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.
Dividends
QHY vs. SPHY - Dividend Comparison
QHY's dividend yield for the trailing twelve months is around 6.34%, less than SPHY's 7.37% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QHY WisdomTree U.S. Short-Term Corporate Bond Fund | 6.34% | 6.26% | 6.40% | 6.11% | 5.44% | 4.09% | 4.80% | 5.21% | 5.93% | 6.47% | 4.39% | 0.00% |
SPHY SPDR Portfolio High Yield Bond ETF | 7.37% | 7.38% | 7.80% | 7.30% | 6.47% | 5.13% | 5.63% | 5.73% | 4.09% | 4.41% | 4.27% | 4.29% |
Drawdowns
QHY vs. SPHY - Drawdown Comparison
The maximum QHY drawdown since its inception was -22.74%, roughly equal to the maximum SPHY drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for QHY and SPHY.
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Drawdown Indicators
| QHY | SPHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.74% | -21.97% | -0.77% |
Max Drawdown (1Y)Largest decline over 1 year | -4.02% | -4.07% | +0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -16.21% | -15.29% | -0.92% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.97% | — |
Current DrawdownCurrent decline from peak | -1.43% | -1.06% | -0.37% |
Average DrawdownAverage peak-to-trough decline | -2.79% | -2.32% | -0.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 0.78% | +0.07% |
Volatility
QHY vs. SPHY - Volatility Comparison
The current volatility for WisdomTree U.S. Short-Term Corporate Bond Fund (QHY) is 2.09%, while SPDR Portfolio High Yield Bond ETF (SPHY) has a volatility of 2.23%. This indicates that QHY 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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Volatility by Period
| QHY | SPHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.09% | 2.23% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 2.78% | 2.88% | -0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.67% | 5.50% | +0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.55% | 7.16% | +0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.22% | 7.97% | +0.25% |