SPHY vs. HYGV
Compare and contrast key facts about SPDR Portfolio High Yield Bond ETF (SPHY) and FlexShares High Yield Value-Scored US Bond Index Fund (HYGV).
SPHY and HYGV 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. HYGV is a passively managed fund by Northern Trust that tracks the performance of the Northern Trust High Yield Value-Scored US Corporate Bond Index. It was launched on Jul 17, 2018. Both SPHY and HYGV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPHY or HYGV.
Correlation
The correlation between SPHY and HYGV is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SPHY vs. HYGV - Performance Comparison
Key characteristics
SPHY:
2.35
HYGV:
2.22
SPHY:
3.43
HYGV:
3.22
SPHY:
1.45
HYGV:
1.42
SPHY:
4.29
HYGV:
3.58
SPHY:
17.27
HYGV:
15.61
SPHY:
0.57%
HYGV:
0.61%
SPHY:
4.17%
HYGV:
4.28%
SPHY:
-21.97%
HYGV:
-23.47%
SPHY:
-0.01%
HYGV:
-0.11%
Returns By Period
The year-to-date returns for both stocks are quite close, with SPHY having a 0.89% return and HYGV slightly lower at 0.88%.
SPHY
0.89%
0.49%
4.92%
10.14%
4.37%
4.55%
HYGV
0.88%
1.53%
4.79%
9.33%
4.12%
N/A
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SPHY vs. HYGV - Expense Ratio Comparison
SPHY has a 0.10% expense ratio, which is lower than HYGV's 0.37% expense ratio.
Risk-Adjusted Performance
SPHY vs. HYGV — Risk-Adjusted Performance Rank
SPHY
HYGV
SPHY vs. HYGV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio High Yield Bond ETF (SPHY) and FlexShares High Yield Value-Scored US Bond Index Fund (HYGV). 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. HYGV - Dividend Comparison
SPHY's dividend yield for the trailing twelve months is around 7.73%, less than HYGV's 8.13% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPHY SPDR Portfolio High Yield Bond ETF | 7.73% | 7.80% | 7.30% | 6.46% | 5.13% | 5.63% | 5.73% | 4.09% | 4.41% | 4.63% | 4.29% | 3.98% |
HYGV FlexShares High Yield Value-Scored US Bond Index Fund | 8.13% | 8.20% | 8.77% | 7.64% | 7.15% | 6.18% | 7.95% | 5.63% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SPHY vs. HYGV - Drawdown Comparison
The maximum SPHY drawdown since its inception was -21.97%, smaller than the maximum HYGV drawdown of -23.47%. Use the drawdown chart below to compare losses from any high point for SPHY and HYGV. For additional features, visit the drawdowns tool.
Volatility
SPHY vs. HYGV - Volatility Comparison
The current volatility for SPDR Portfolio High Yield Bond ETF (SPHY) is 1.74%, while FlexShares High Yield Value-Scored US Bond Index Fund (HYGV) has a volatility of 1.86%. This indicates that SPHY experiences smaller price fluctuations and is considered to be less risky than HYGV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.