SPF1.DE vs. HYLD
SPF1.DE (SPDR FTSE Global Convertible Bond EUR Hedged UCITS ETF Accumulating) and HYLD (High Yield ETF) are both exchange-traded funds - SPF1.DE is a Convertible Bonds fund tracking the FTSE Qualified Global Convertible Index (EUR Hedged), while HYLD is a High Yield Bonds fund actively managed by Eve Capital. SPF1.DE is passively managed, while HYLD is actively managed. At a 0.03 correlation, their price movements are largely independent. SPF1.DE charges 0.55%/yr vs 1.29%/yr for HYLD.
Performance
SPF1.DE vs. HYLD - Performance Comparison
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Different Trading Currencies
SPF1.DE is traded in EUR, while HYLD is traded in USD. To make them comparable, the HYLD values have been converted to EUR using the latest available exchange rates.
Returns By Period
SPF1.DE
- 1D
- 0.59%
- 1M
- 4.99%
- YTD
- 17.82%
- 6M
- 20.07%
- 1Y
- 34.78%
- 3Y*
- 17.81%
- 5Y*
- 5.89%
- 10Y*
- —
HYLD
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPF1.DE vs. HYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SPF1.DE SPDR FTSE Global Convertible Bond EUR Hedged UCITS ETF Accumulating | 17.82% | 20.76% | 8.42% | 12.25% | -20.28% | -1.66% | 32.01% | 12.41% | -7.89% |
HYLD High Yield ETF | 0.00% | 0.00% | 0.00% | 1.96% | -5.99% | 13.30% | -5.39% | 9.58% | -2.22% |
Correlation
The correlation between SPF1.DE and HYLD is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since May 25, 2018 | 0.03 |
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Return for Risk
SPF1.DE vs. HYLD — Risk / Return Rank
SPF1.DE
HYLD
SPF1.DE vs. HYLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR FTSE Global Convertible Bond EUR Hedged UCITS ETF Accumulating (SPF1.DE) and High Yield ETF (HYLD). 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.
| SPF1.DE | HYLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.56 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 5.04 | — | — |
| Martin ratioReturn relative to average drawdown | 21.39 | — | — |
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
| SPF1.DE | HYLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.91 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | — | — |
Drawdowns
SPF1.DE vs. HYLD - Drawdown Comparison
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Drawdown Indicators
| SPF1.DE | HYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.44% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -6.86% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -9.62% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -26.99% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | — | — |
Average DrawdownAverage peak-to-trough decline | -11.33% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.62% | — | — |
Volatility
SPF1.DE vs. HYLD - Volatility Comparison
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Volatility by Period
| SPF1.DE | HYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.91% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 9.94% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 11.88% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.63% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.68% | — | — |
SPF1.DE vs. HYLD - Expense Ratio Comparison
SPF1.DE has a 0.55% expense ratio, which is lower than HYLD's 1.29% expense ratio.
Dividends
SPF1.DE vs. HYLD - Dividend Comparison
Neither SPF1.DE nor HYLD has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYLD High Yield ETF | 0.00% | 0.00% | 0.00% | 4.67% | 7.86% | 6.45% | 7.52% | 7.46% | 7.97% | 7.18% | 6.59% | 10.87% |
SPF1.DE SPDR FTSE Global Convertible Bond EUR Hedged UCITS ETF Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPF1.DE and HYLD have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPF1.DE is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPF1.DE is cheaper with a 0.55% expense ratio, compared with 1.29% for HYLD.
SPF1.DE is categorized as Convertible Bonds, while HYLD is High Yield Bonds. They also come from different issuers: SPDR and Eve Capital. Their fees differ too: 0.55% for SPF1.DE and 1.29% for HYLD.
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