SPHY vs. HYGH
Compare and contrast key facts about SPDR Portfolio High Yield Bond ETF (SPHY) and iShares Interest Rate Hedged High Yield Bond ETF (HYGH).
SPHY and HYGH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. HYGH is an actively managed fund by iShares. It was launched on May 27, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPHY or HYGH.
Performance
SPHY vs. HYGH - Performance Comparison
Returns By Period
In the year-to-date period, SPHY achieves a 8.59% return, which is significantly lower than HYGH's 10.57% return. Over the past 10 years, SPHY has underperformed HYGH with an annualized return of 4.63%, while HYGH has yielded a comparatively higher 4.88% annualized return.
SPHY
8.59%
0.28%
6.16%
13.50%
4.94%
4.63%
HYGH
10.57%
1.38%
5.48%
13.16%
6.14%
4.88%
Key characteristics
| SPHY | HYGH | |
|---|---|---|
| Sharpe Ratio | 3.11 | 2.91 |
| Sortino Ratio | 4.89 | 4.01 |
| Omega Ratio | 1.62 | 1.65 |
| Calmar Ratio | 3.73 | 3.57 |
| Martin Ratio | 24.50 | 28.54 |
| Ulcer Index | 0.56% | 0.47% |
| Daily Std Dev | 4.41% | 4.59% |
| Max Drawdown | -21.97% | -23.88% |
| Current Drawdown | -0.38% | -0.14% |
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SPHY vs. HYGH - Expense Ratio Comparison
SPHY has a 0.10% expense ratio, which is lower than HYGH's 0.53% expense ratio.
Correlation
The correlation between SPHY and HYGH is 0.50, 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.
Risk-Adjusted Performance
SPHY vs. HYGH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio High Yield Bond ETF (SPHY) and iShares Interest Rate Hedged High Yield Bond ETF (HYGH). 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.
Dividends
SPHY vs. HYGH - Dividend Comparison
SPHY's dividend yield for the trailing twelve months is around 7.77%, less than HYGH's 8.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPHY SPDR Portfolio High Yield Bond ETF | 7.77% | 7.30% | 6.46% | 5.13% | 5.63% | 5.73% | 4.09% | 4.41% | 4.28% | 4.29% | 3.98% | 4.40% |
HYGH iShares Interest Rate Hedged High Yield Bond ETF | 8.17% | 8.95% | 6.21% | 3.74% | 4.06% | 4.89% | 6.45% | 4.79% | 4.59% | 5.74% | 3.62% | 0.00% |
Drawdowns
SPHY vs. HYGH - Drawdown Comparison
The maximum SPHY drawdown since its inception was -21.97%, smaller than the maximum HYGH drawdown of -23.88%. Use the drawdown chart below to compare losses from any high point for SPHY and HYGH. For additional features, visit the drawdowns tool.
Volatility
SPHY vs. HYGH - Volatility Comparison
SPDR Portfolio High Yield Bond ETF (SPHY) and iShares Interest Rate Hedged High Yield Bond ETF (HYGH) have volatilities of 1.03% and 1.05%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.