SPHY vs. LI
SPHY (SPDR Portfolio High Yield Bond ETF) is High Yield Bonds fund tracking the ICE BofA US High Yield Index, while LI (Li Auto Inc.) is a stock. Over the past 5 years, SPHY returned 4.36%/yr vs -12.64%/yr for LI. At a 0.26 correlation, their price movements are largely independent.
Performance
SPHY vs. LI - Performance Comparison
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Returns By Period
In the year-to-date period, SPHY achieves a 1.85% return, which is significantly higher than LI's -15.53% 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%
LI
- 1D
- 3.77%
- 1M
- -25.79%
- YTD
- -15.53%
- 6M
- -16.28%
- 1Y
- -48.49%
- 3Y*
- -23.14%
- 5Y*
- -12.64%
- 10Y*
- —
SPHY vs. LI - 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% | 6.79% |
LI Li Auto Inc. | -15.53% | -29.43% | -35.91% | 83.48% | -36.45% | 11.34% | 86.00% |
Correlation
The correlation between SPHY and LI is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2020 | 0.26 |
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Return for Risk
SPHY vs. LI — Risk / Return Rank
SPHY
LI
SPHY vs. LI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio High Yield Bond ETF (SPHY) and Li Auto Inc. (LI). 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 | LI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.17 | ||
| Sortino ratioReturn per unit of downside risk | +4.99 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 0.78 | +0.60 |
| Calmar ratioReturn relative to maximum drawdown | 2.94 | -0.89 | +3.83 |
| Martin ratioReturn relative to average drawdown | 13.29 | -1.35 | +14.64 |
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Drawdowns
SPHY vs. LI - Drawdown Comparison
The maximum SPHY drawdown since its inception was -21.97%, smaller than the maximum LI drawdown of -70.65%. Use the drawdown chart below to compare losses from any high point for SPHY and LI.
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Drawdown Indicators
| SPHY | LI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.97% | -70.65% | +48.68% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -56.95% | +54.54% |
Max Drawdown (3Y)Largest decline over 3 years | -4.85% | -70.65% | +65.80% |
Max Drawdown (5Y)Largest decline over 5 years | -15.29% | -70.65% | +55.36% |
Max Drawdown (10Y)Largest decline over 10 years | -21.97% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -69.35% | +69.35% |
Average DrawdownAverage peak-to-trough decline | -2.29% | -39.93% | +37.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.53% | 37.41% | -36.88% |
Volatility
SPHY vs. LI - Volatility Comparison
The current volatility for SPDR Portfolio High Yield Bond ETF (SPHY) is 1.16%, while Li Auto Inc. (LI) has a volatility of 15.12%. This indicates that SPHY experiences smaller price fluctuations and is considered to be less risky than LI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPHY | LI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 15.12% | -13.96% |
Volatility (6M)Calculated over the trailing 6-month period | 2.95% | 28.81% | -25.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.72% | 40.30% | -36.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.18% | 63.52% | -56.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.87% | 68.32% | -60.45% |
Dividends
SPHY vs. LI - Dividend Comparison
SPHY's dividend yield for the trailing twelve months is around 7.24%, while LI has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LI Li Auto Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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 LI have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LI has higher volatility (15.12%) compared to SPHY (1.16%). In terms of maximum drawdown, SPHY dropped -21.97% vs LI's -70.65%.
SPHY currently has the higher Sharpe Ratio (1.91 vs -1.26), 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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