PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
SPHY vs. GLEN.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SPHY vs. GLEN.L

Last updated Jun 13, 2026

SPHY (SPDR Portfolio High Yield Bond ETF) is High Yield Bonds fund tracking the ICE BofA US High Yield Index, while GLEN.L (Glencore plc) is a stock. Over the past 10 years, SPHY returned 5.21%/yr vs 20.32%/yr for GLEN.L. At a 0.20 correlation, their price movements are largely independent.

Performance

SPHY vs. GLEN.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Portfolio High Yield Bond ETF (SPHY) and Glencore plc (GLEN.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

SPHY is traded in USD, while GLEN.L is traded in GBp. To make them comparable, the GLEN.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, SPHY achieves a 1.85% return, which is significantly lower than GLEN.L's 45.81% return. Over the past 10 years, SPHY has underperformed GLEN.L with an annualized return of 5.21%, while GLEN.L has yielded a comparatively higher 20.32% annualized 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%

GLEN.L

1D
2.39%
1M
-1.48%
YTD
45.81%
6M
58.94%
1Y
106.32%
3Y*
15.24%
5Y*
16.73%
10Y*
20.32%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SPHY vs. GLEN.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SPHY
SPDR Portfolio High Yield Bond ETF		1.85%8.59%8.54%12.81%-10.57%5.61%6.65%13.16%-3.35%7.35%
GLEN.L
Glencore plc		45.81%27.27%-24.64%-1.15%40.33%65.47%2.03%-11.04%-26.31%56.59%

Correlation

The correlation between SPHY and GLEN.L is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.27

Correlation (3Y)
Calculated over the trailing 3-year period

0.27

Correlation (5Y)
Calculated over the trailing 5-year period

0.25

Correlation (10Y)
Calculated over the trailing 10-year period

0.23

Correlation (All Time)
Calculated using the full available price history since Jun 19, 2012

0.20

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

SPDR Portfolio High Yield Bond ETF

Glencore plc

Often compared with SPHY:
SPHY vs. SCYBSPHY vs. HYGSPHY vs. USHYSPHY vs. SCHDSPHY vs. JNKSPHY vs. SHYGSPHY vs. VWEAX
Often compared with GLEN.L:
GLEN.L vs. RIOGLEN.L vs. VALEGLEN.L vs. BA.LGLEN.L vs. KOGLEN.L vs. GSKGLEN.L vs. WMAT.ASGLEN.L vs. NWG

Return for Risk

SPHY vs. GLEN.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SPHY
SPHY Risk / Return Rank: 7373
Overall Rank
SPHY Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
SPHY Sortino Ratio Rank: 7676
Sortino Ratio Rank
SPHY Omega Ratio Rank: 7575
Omega Ratio Rank
SPHY Calmar Ratio Rank: 6767
Calmar Ratio Rank
SPHY Martin Ratio Rank: 7979
Martin Ratio Rank
GLEN.L
GLEN.L Risk / Return Rank: 9696
Overall Rank
GLEN.L Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
GLEN.L Sortino Ratio Rank: 9696
Sortino Ratio Rank
GLEN.L Omega Ratio Rank: 9595
Omega Ratio Rank
GLEN.L Calmar Ratio Rank: 9696
Calmar Ratio Rank
GLEN.L Martin Ratio Rank: 9797
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPHY vs. GLEN.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio High Yield Bond ETF (SPHY) and Glencore plc (GLEN.L). 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.

SPHYGLEN.LDifference
Sharpe ratioReturn per unit of total volatility
1.91
3.22

-1.31

Sortino ratioReturn per unit of downside risk
2.91
3.90

-0.99

Omega ratioGain probability vs. loss probability

1.38

1.49

-0.11

Calmar ratioReturn relative to maximum drawdown

2.94

7.07

-4.12

Martin ratioReturn relative to average drawdown

13.29

21.94

-8.65

SPHY vs. GLEN.L - Sharpe Ratio Comparison

The current SPHY Sharpe Ratio is 1.91, which is lower than the GLEN.L Sharpe Ratio of 3.22. The chart below compares the historical Sharpe Ratios of SPHY and GLEN.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

SPHY vs. GLEN.L - Drawdown Comparison

The maximum SPHY drawdown since its inception was -21.97%, smaller than the maximum GLEN.L drawdown of -88.55%. Use the drawdown chart below to compare losses from any high point for SPHY and GLEN.L.

Loading charts...

Drawdown Indicators

SPHYGLEN.LDifference

Max Drawdown

Largest peak-to-trough decline

-21.97%

-88.55%

+66.58%

Max Drawdown (1Y)

Largest decline over 1 year

-2.41%

-14.96%

+12.55%

Max Drawdown (3Y)

Largest decline over 3 years

-4.85%

-53.53%

+48.68%

Max Drawdown (5Y)

Largest decline over 5 years

-15.29%

-54.01%

+38.72%

Max Drawdown (10Y)

Largest decline over 10 years

-21.97%

-75.39%

+53.42%

Current Drawdown

Current decline from peak

0.00%

-4.75%

+4.75%

Average Drawdown

Average peak-to-trough decline

-2.29%

-40.97%

+38.68%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.53%

4.83%

-4.30%

Volatility

SPHY vs. GLEN.L - Volatility Comparison

The current volatility for SPDR Portfolio High Yield Bond ETF (SPHY) is 1.16%, while Glencore plc (GLEN.L) has a volatility of 11.37%. This indicates that SPHY experiences smaller price fluctuations and is considered to be less risky than GLEN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

SPHYGLEN.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.16%

11.37%

-10.21%

Volatility (6M)

Calculated over the trailing 6-month period

2.95%

24.07%

-21.12%

Volatility (1Y)

Calculated over the trailing 1-year period

3.72%

32.88%

-29.16%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

7.18%

35.19%

-28.01%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

7.87%

38.23%

-30.36%

Dividends

SPHY vs. GLEN.L - Dividend Comparison

SPHY's dividend yield for the trailing twelve months is around 7.24%, more than GLEN.L's 1.70% yield.

PositionTTM20252024202320222021202020192018201720162015
GLEN.L
Glencore plc		1.70%1.84%2.87%8.72%5.58%3.08%0.00%6.70%5.16%1.37%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 GLEN.L have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Portfolio Optimizer

Find the right allocation for SPHY and GLEN.L

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer