SFHIX vs. SPY
Compare and contrast key facts about Shenkman Capital Floating Rate High Income Fund (SFHIX) and State Street SPDR S&P 500 ETF (SPY).
SFHIX is managed by Shenkman Funds. It was launched on Oct 14, 2014. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
SFHIX vs. SPY - Performance Comparison
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SFHIX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SFHIX Shenkman Capital Floating Rate High Income Fund | -1.02% | 5.70% | 8.14% | 11.50% | -0.95% | 3.90% | 1.77% | 588.11% | 0.53% | 3.64% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, SFHIX achieves a -1.02% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, SFHIX has outperformed SPY with an annualized return of 26.07%, while SPY has yielded a comparatively lower 13.98% annualized return.
SFHIX
- 1D
- -0.11%
- 1M
- 0.69%
- YTD
- -1.02%
- 6M
- 0.21%
- 1Y
- 4.11%
- 3Y*
- 7.06%
- 5Y*
- 5.11%
- 10Y*
- 26.07%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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SFHIX vs. SPY - Expense Ratio Comparison
SFHIX has a 0.54% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
SFHIX vs. SPY — Risk / Return Rank
SFHIX
SPY
SFHIX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Shenkman Capital Floating Rate High Income Fund (SFHIX) and State Street SPDR S&P 500 ETF (SPY). 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.
| SFHIX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.79 | 0.93 | +0.87 |
Sortino ratioReturn per unit of downside risk | 2.50 | 1.45 | +1.04 |
Omega ratioGain probability vs. loss probability | 1.49 | 1.22 | +0.26 |
Calmar ratioReturn relative to maximum drawdown | 1.71 | 1.53 | +0.19 |
Martin ratioReturn relative to average drawdown | 5.65 | 7.30 | -1.65 |
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
| SFHIX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.79 | 0.93 | +0.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.59 | 0.69 | +1.90 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.78 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.56 | -0.04 |
Correlation
The correlation between SFHIX and SPY is 0.32, 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.
Dividends
SFHIX vs. SPY - Dividend Comparison
SFHIX's dividend yield for the trailing twelve months is around 7.01%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SFHIX Shenkman Capital Floating Rate High Income Fund | 7.01% | 7.61% | 8.07% | 8.06% | 4.99% | 3.20% | 3.93% | 142.83% | 5.03% | 4.00% | 4.22% | 4.58% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
SFHIX vs. SPY - Drawdown Comparison
The maximum SFHIX drawdown since its inception was -19.94%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SFHIX and SPY.
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Drawdown Indicators
| SFHIX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.94% | -55.19% | +35.25% |
Max Drawdown (1Y)Largest decline over 1 year | -2.25% | -12.05% | +9.80% |
Max Drawdown (5Y)Largest decline over 5 years | -5.57% | -24.50% | +18.93% |
Max Drawdown (10Y)Largest decline over 10 years | -19.94% | -33.72% | +13.78% |
Current DrawdownCurrent decline from peak | -1.46% | -6.24% | +4.78% |
Average DrawdownAverage peak-to-trough decline | -0.84% | -9.09% | +8.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | 2.52% | -1.84% |
Volatility
SFHIX vs. SPY - Volatility Comparison
The current volatility for Shenkman Capital Floating Rate High Income Fund (SFHIX) is 0.70%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. This indicates that SFHIX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SFHIX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.70% | 5.31% | -4.61% |
Volatility (6M)Calculated over the trailing 6-month period | 1.34% | 9.47% | -8.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.16% | 19.05% | -16.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.98% | 17.06% | -15.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.68% | 17.92% | +28.76% |