SPHY vs. BRK-B
SPHY (SPDR Portfolio High Yield Bond ETF) is High Yield Bonds fund tracking the ICE BofA US High Yield Index, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 10 years, SPHY returned 5.04%/yr vs 13.19%/yr for BRK-B. At a 0.29 correlation, their price movements are largely independent.
Performance
SPHY vs. BRK-B - Performance Comparison
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Returns By Period
In the year-to-date period, SPHY achieves a 1.24% return, which is significantly higher than BRK-B's -2.89% return. Over the past 10 years, SPHY has underperformed BRK-B with an annualized return of 5.04%, while BRK-B has yielded a comparatively higher 13.19% annualized return.
SPHY
- 1D
- -0.39%
- 1M
- -0.31%
- YTD
- 1.24%
- 6M
- 1.59%
- 1Y
- 6.84%
- 3Y*
- 8.82%
- 5Y*
- 4.33%
- 10Y*
- 5.04%
BRK-B
- 1D
- 1.98%
- 1M
- 3.90%
- YTD
- -2.89%
- 6M
- -3.21%
- 1Y
- -0.12%
- 3Y*
- 13.55%
- 5Y*
- 10.78%
- 10Y*
- 13.19%
SPHY vs. BRK-B - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPHY SPDR Portfolio High Yield Bond ETF | 1.24% | 8.59% | 8.54% | 12.81% | -10.57% | 5.61% | 6.65% | 13.16% | -3.35% | 7.35% |
BRK-B Berkshire Hathaway Inc. | -2.89% | 10.89% | 27.09% | 15.46% | 3.31% | 28.95% | 2.37% | 10.93% | 3.01% | 21.62% |
Correlation
The correlation between SPHY and BRK-B is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 2012 | 0.29 |
The correlation between SPHY and BRK-B shifts across timeframes, from 0.16 (1 year) to 0.41 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SPHY vs. BRK-B — Risk / Return Rank
SPHY
BRK-B
SPHY vs. BRK-B - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio High Yield Bond ETF (SPHY) and Berkshire Hathaway Inc. (BRK-B). 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.
| SPHY | BRK-B | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.87 | ||
| Sortino ratioReturn per unit of downside risk | +2.74 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.01 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 2.85 | -0.01 | +2.86 |
| Martin ratioReturn relative to average drawdown | 12.89 | -0.03 | +12.92 |
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
| SPHY | BRK-B | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.86 | -0.01 | +1.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.63 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.68 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.48 | +0.15 |
Drawdowns
SPHY vs. BRK-B - Drawdown Comparison
The maximum SPHY drawdown since its inception was -21.97%, smaller than the maximum BRK-B drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for SPHY and BRK-B.
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Drawdown Indicators
| SPHY | BRK-B | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.97% | -53.86% | +31.89% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -9.42% | +7.01% |
Max Drawdown (3Y)Largest decline over 3 years | -4.85% | -14.95% | +10.10% |
Max Drawdown (5Y)Largest decline over 5 years | -15.29% | -26.58% | +11.29% |
Max Drawdown (10Y)Largest decline over 10 years | -21.97% | -29.57% | +7.60% |
Current DrawdownCurrent decline from peak | -0.52% | -9.57% | +9.05% |
Average DrawdownAverage peak-to-trough decline | -2.29% | -11.07% | +8.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.53% | 4.47% | -3.94% |
Volatility
SPHY vs. BRK-B - Volatility Comparison
The current volatility for SPDR Portfolio High Yield Bond ETF (SPHY) is 1.15%, while Berkshire Hathaway Inc. (BRK-B) has a volatility of 4.08%. This indicates that SPHY experiences smaller price fluctuations and is considered to be less risky than BRK-B based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPHY | BRK-B | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 4.08% | -2.93% |
Volatility (6M)Calculated over the trailing 6-month period | 2.93% | 10.87% | -7.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.69% | 14.39% | -10.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.17% | 17.13% | -9.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.89% | 19.43% | -11.54% |
Dividends
SPHY vs. BRK-B - Dividend Comparison
SPHY's dividend yield for the trailing twelve months is around 7.29%, while BRK-B has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRK-B Berkshire Hathaway Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPHY SPDR Portfolio High Yield Bond ETF | 7.29% | 7.38% | 7.80% | 7.30% | 6.47% | 5.13% | 5.63% | 5.73% | 4.09% | 4.41% | 4.27% | 4.29% |
Frequently Asked Questions
SPHY and BRK-B have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BRK-B has higher volatility (4.08%) compared to SPHY (1.15%). In terms of maximum drawdown, SPHY dropped -21.97% vs BRK-B's -53.86%.
SPHY currently has the higher Sharpe Ratio (1.86 vs -0.01), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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