Correlation
The correlation between SHYPX and SPHY is 0.40, 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.
SHYPX vs. SPHY
Compare and contrast key facts about American Beacon SiM High Yld Opps Fund (SHYPX) and SPDR Portfolio High Yield Bond ETF (SPHY).
SHYPX is managed by American Beacon. It was launched on Feb 14, 2011. 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: SHYPX or SPHY.
Performance
SHYPX vs. SPHY - Performance Comparison
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Key characteristics
SHYPX:
2.10
SPHY:
1.70
SHYPX:
2.78
SPHY:
2.48
SHYPX:
1.44
SPHY:
1.37
SHYPX:
1.75
SPHY:
1.97
SHYPX:
6.86
SPHY:
10.39
SHYPX:
0.97%
SPHY:
0.92%
SHYPX:
3.54%
SPHY:
5.64%
SHYPX:
-24.85%
SPHY:
-21.97%
SHYPX:
-1.24%
SPHY:
0.00%
Returns By Period
In the year-to-date period, SHYPX achieves a 0.91% return, which is significantly lower than SPHY's 2.69% return. Over the past 10 years, SHYPX has outperformed SPHY with an annualized return of 5.36%, while SPHY has yielded a comparatively lower 4.72% annualized return.
SHYPX
0.91%
0.55%
1.03%
7.48%
7.07%
8.16%
5.36%
SPHY
2.69%
1.71%
1.97%
9.50%
6.63%
6.00%
4.72%
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SHYPX vs. SPHY - Expense Ratio Comparison
SHYPX has a 1.10% expense ratio, which is higher than SPHY's 0.10% expense ratio.
Risk-Adjusted Performance
SHYPX vs. SPHY — Risk-Adjusted Performance Rank
SHYPX
SPHY
SHYPX vs. SPHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Beacon SiM High Yld Opps Fund (SHYPX) 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
SHYPX vs. SPHY - Dividend Comparison
SHYPX's dividend yield for the trailing twelve months is around 6.40%, less than SPHY's 7.66% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHYPX American Beacon SiM High Yld Opps Fund | 6.40% | 6.48% | 6.37% | 6.85% | 5.10% | 6.05% | 5.90% | 6.13% | 5.53% | 5.59% | 5.41% | 8.63% |
SPHY SPDR Portfolio High Yield Bond ETF | 7.66% | 7.80% | 7.30% | 6.47% | 5.14% | 5.63% | 5.73% | 4.09% | 4.41% | 4.27% | 4.29% | 3.98% |
Drawdowns
SHYPX vs. SPHY - Drawdown Comparison
The maximum SHYPX drawdown since its inception was -24.85%, which is greater than SPHY's maximum drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for SHYPX and SPHY.
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Volatility
SHYPX vs. SPHY - Volatility Comparison
The current volatility for American Beacon SiM High Yld Opps Fund (SHYPX) is 0.99%, while SPDR Portfolio High Yield Bond ETF (SPHY) has a volatility of 1.47%. This indicates that SHYPX 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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