Correlation
The correlation between SGYAX and SPHY is 0.42, 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.
SGYAX vs. SPHY
Compare and contrast key facts about SEI Institutional Investments Trust High Yield Bond Fund (SGYAX) and SPDR Portfolio High Yield Bond ETF (SPHY).
SGYAX is managed by SEI. It was launched on Dec 5, 2005. 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: SGYAX or SPHY.
Performance
SGYAX vs. SPHY - Performance Comparison
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Key characteristics
SGYAX:
2.40
SPHY:
1.73
SGYAX:
3.60
SPHY:
2.35
SGYAX:
1.58
SPHY:
1.35
SGYAX:
2.28
SPHY:
1.86
SGYAX:
9.58
SPHY:
9.82
SGYAX:
1.00%
SPHY:
0.92%
SGYAX:
4.23%
SPHY:
5.65%
SGYAX:
-36.45%
SPHY:
-21.97%
SGYAX:
-0.57%
SPHY:
0.00%
Returns By Period
In the year-to-date period, SGYAX achieves a 1.56% return, which is significantly lower than SPHY's 2.56% return. Over the past 10 years, SGYAX has outperformed SPHY with an annualized return of 5.48%, while SPHY has yielded a comparatively lower 4.64% annualized return.
SGYAX
1.56%
1.25%
2.46%
10.03%
6.66%
7.72%
5.48%
SPHY
2.56%
1.06%
2.06%
9.69%
6.37%
5.97%
4.64%
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SGYAX vs. SPHY - Expense Ratio Comparison
SGYAX has a 0.56% expense ratio, which is higher than SPHY's 0.10% expense ratio.
Risk-Adjusted Performance
SGYAX vs. SPHY — Risk-Adjusted Performance Rank
SGYAX
SPHY
SGYAX vs. SPHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Investments Trust High Yield Bond Fund (SGYAX) 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
SGYAX vs. SPHY - Dividend Comparison
SGYAX's dividend yield for the trailing twelve months is around 9.06%, more than SPHY's 7.67% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SGYAX SEI Institutional Investments Trust High Yield Bond Fund | 9.06% | 9.41% | 12.64% | 11.10% | 5.83% | 7.30% | 7.14% | 7.37% | 7.28% | 7.30% | 7.74% | 5.99% |
SPHY SPDR Portfolio High Yield Bond ETF | 7.67% | 7.80% | 7.30% | 6.47% | 5.14% | 5.63% | 5.73% | 4.09% | 4.41% | 4.27% | 4.29% | 3.98% |
Drawdowns
SGYAX vs. SPHY - Drawdown Comparison
The maximum SGYAX drawdown since its inception was -36.45%, which is greater than SPHY's maximum drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for SGYAX and SPHY.
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Volatility
SGYAX vs. SPHY - Volatility Comparison
The current volatility for SEI Institutional Investments Trust High Yield Bond Fund (SGYAX) is 1.03%, while SPDR Portfolio High Yield Bond ETF (SPHY) has a volatility of 1.59%. This indicates that SGYAX 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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