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.
Performance
SPHY vs. HYGV - Performance Comparison
Returns By Period
In the year-to-date period, SPHY achieves a 8.31% return, which is significantly higher than HYGV's 7.73% return.
SPHY
8.31%
0.02%
5.89%
13.56%
4.76%
4.53%
HYGV
7.73%
0.05%
5.22%
12.95%
4.63%
N/A
Key characteristics
| SPHY | HYGV | |
|---|---|---|
| Sharpe Ratio | 3.09 | 2.96 |
| Sortino Ratio | 4.86 | 4.64 |
| Omega Ratio | 1.62 | 1.59 |
| Calmar Ratio | 3.43 | 1.92 |
| Martin Ratio | 24.42 | 22.17 |
| Ulcer Index | 0.56% | 0.59% |
| Daily Std Dev | 4.40% | 4.45% |
| Max Drawdown | -21.97% | -23.47% |
| Current Drawdown | -0.63% | -0.72% |
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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.
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.
Risk-Adjusted Performance
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 7.79%, less than HYGV's 8.29% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPHY SPDR Portfolio High Yield Bond ETF | 7.79% | 7.30% | 6.46% | 5.13% | 5.63% | 5.73% | 4.09% | 4.41% | 4.28% | 4.29% | 3.98% | 4.40% |
HYGV FlexShares High Yield Value-Scored US Bond Index Fund | 8.29% | 8.77% | 7.64% | 7.15% | 6.18% | 7.95% | 5.63% | 0.00% | 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
SPDR Portfolio High Yield Bond ETF (SPHY) and FlexShares High Yield Value-Scored US Bond Index Fund (HYGV) have volatilities of 1.09% and 1.13%, 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.