SPHY vs. DTCR
SPHY (SPDR Portfolio High Yield Bond ETF) and DTCR (Global X Data Center & Digital Infrastructure ETF) are both exchange-traded funds - SPHY is a High Yield Bonds fund tracking the ICE BofA US High Yield Index, while DTCR is a REIT fund tracking the Solactive Data Center REITs & Digital Infrastructure Index. Both are passively managed. Over the past 5 years, SPHY returned 4.36%/yr vs 14.12%/yr for DTCR. A 0.57 correlation means they provide meaningful diversification when combined. SPHY charges 0.05%/yr vs 0.50%/yr for DTCR.
Performance
SPHY vs. DTCR - Performance Comparison
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Returns By Period
In the year-to-date period, SPHY achieves a 1.85% return, which is significantly lower than DTCR's 47.68% return.
SPHY
- 1D
- 0.04%
- 1M
- 0.67%
- YTD
- 1.85%
- 6M
- 2.41%
- 1Y
- 7.35%
- 3Y*
- 8.90%
- 5Y*
- 4.36%
- 10Y*
- 5.21%
DTCR
- 1D
- 0.23%
- 1M
- 1.80%
- YTD
- 47.68%
- 6M
- 48.56%
- 1Y
- 76.02%
- 3Y*
- 33.82%
- 5Y*
- 14.12%
- 10Y*
- —
SPHY vs. DTCR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SPHY SPDR Portfolio High Yield Bond ETF | 1.85% | 8.59% | 8.54% | 12.81% | -10.57% | 5.61% | 6.40% |
DTCR Global X Data Center & Digital Infrastructure ETF | 47.68% | 28.99% | 14.92% | 18.93% | -30.89% | 20.35% | 6.60% |
Correlation
The correlation between SPHY and DTCR is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2020 | 0.57 |
The correlation between SPHY and DTCR has been stable across timeframes, ranging from 0.52 to 0.58 - a consistent structural relationship.
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Return for Risk
SPHY vs. DTCR — Risk / Return Rank
SPHY
DTCR
SPHY vs. DTCR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio High Yield Bond ETF (SPHY) and Global X Data Center & Digital Infrastructure ETF (DTCR). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SPHY | DTCR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.50 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.94 | 5.64 | -2.69 |
| Martin ratioReturn relative to average drawdown | 13.29 | 17.40 | -4.12 |
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Drawdowns
SPHY vs. DTCR - Drawdown Comparison
The maximum SPHY drawdown since its inception was -21.97%, smaller than the maximum DTCR drawdown of -38.98%. Use the drawdown chart below to compare losses from any high point for SPHY and DTCR.
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Drawdown Indicators
| SPHY | DTCR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.97% | -38.98% | +17.01% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -12.89% | +10.48% |
Max Drawdown (3Y)Largest decline over 3 years | -4.85% | -24.96% | +20.11% |
Max Drawdown (5Y)Largest decline over 5 years | -15.29% | -38.98% | +23.69% |
Max Drawdown (10Y)Largest decline over 10 years | -21.97% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -3.92% | +3.92% |
Average DrawdownAverage peak-to-trough decline | -2.29% | -12.32% | +10.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.53% | 4.17% | -3.64% |
Volatility
SPHY vs. DTCR - Volatility Comparison
The current volatility for SPDR Portfolio High Yield Bond ETF (SPHY) is 1.16%, while Global X Data Center & Digital Infrastructure ETF (DTCR) has a volatility of 9.32%. This indicates that SPHY experiences smaller price fluctuations and is considered to be less risky than DTCR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPHY | DTCR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 9.32% | -8.16% |
Volatility (6M)Calculated over the trailing 6-month period | 2.95% | 18.44% | -15.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.72% | 22.99% | -19.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.18% | 22.04% | -14.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.87% | 22.06% | -14.19% |
SPHY vs. DTCR - Expense Ratio Comparison
SPHY has a 0.05% expense ratio, which is lower than DTCR's 0.50% expense ratio.
Dividends
SPHY vs. DTCR - Dividend Comparison
SPHY's dividend yield for the trailing twelve months is around 7.24%, more than DTCR's 0.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DTCR Global X Data Center & Digital Infrastructure ETF | 0.74% | 1.10% | 1.72% | 1.18% | 2.57% | 1.27% | 0.30% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPHY SPDR Portfolio High Yield Bond ETF | 7.24% | 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 DTCR have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DTCR has higher volatility (9.32%) compared to SPHY (1.16%). In terms of maximum drawdown, SPHY dropped -21.97% vs DTCR's -38.98%.
On 5-year performance, DTCR leads with 14.12% vs 4.36% for SPHY. On fees, SPHY is cheaper at 0.05% per year. On volatility, SPHY has been the lower-risk option at 1.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DTCR has performed better with a 14.12% return vs 4.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPHY is cheaper with a 0.05% expense ratio, compared with 0.50% for DTCR.
SPHY has the higher dividend yield at 7.24%, compared with 0.74% for DTCR.
SPHY is categorized as High Yield Bonds, while DTCR is REIT. SPHY tracks ICE BofA US High Yield Index, while DTCR tracks Solactive Data Center REITs & Digital Infrastructure Index. They also come from different issuers: State Street and Global X. Their fees differ too: 0.05% for SPHY and 0.50% for DTCR.
DTCR currently has the higher Sharpe Ratio (3.16 vs 1.91), 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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