SPHY vs. SCHD
Compare and contrast key facts about SPDR Portfolio High Yield Bond ETF (SPHY) and Schwab US Dividend Equity ETF (SCHD).
SPHY and SCHD 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. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011. Both SPHY and SCHD 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 SCHD.
Correlation
The correlation between SPHY and SCHD is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
SPHY vs. SCHD - Performance Comparison
Key characteristics
SPHY:
0.96
SCHD:
-0.29
SPHY:
1.27
SCHD:
-0.29
SPHY:
1.18
SCHD:
0.96
SPHY:
0.92
SCHD:
-0.25
SPHY:
6.07
SCHD:
-1.13
SPHY:
0.73%
SCHD:
3.62%
SPHY:
4.64%
SCHD:
14.07%
SPHY:
-21.97%
SCHD:
-33.37%
SPHY:
-4.85%
SCHD:
-16.13%
Returns By Period
In the year-to-date period, SPHY achieves a -2.73% return, which is significantly higher than SCHD's -10.18% return. Over the past 10 years, SPHY has underperformed SCHD with an annualized return of 4.10%, while SCHD has yielded a comparatively higher 9.78% annualized return.
SPHY
-2.73%
-4.52%
-2.08%
4.28%
5.39%
4.10%
SCHD
-10.18%
-13.78%
-11.71%
-4.22%
12.31%
9.78%
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SPHY vs. SCHD - Expense Ratio Comparison
SPHY has a 0.10% expense ratio, which is higher than SCHD's 0.06% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
SPHY vs. SCHD — Risk-Adjusted Performance Rank
SPHY
SCHD
SPHY vs. SCHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio High Yield Bond ETF (SPHY) and Schwab US Dividend Equity ETF (SCHD). 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. SCHD - Dividend Comparison
SPHY's dividend yield for the trailing twelve months is around 8.07%, more than SCHD's 4.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPHY SPDR Portfolio High Yield Bond ETF | 8.07% | 7.80% | 7.30% | 6.47% | 5.14% | 5.63% | 5.73% | 4.09% | 4.41% | 4.27% | 4.29% | 3.98% |
SCHD Schwab US Dividend Equity ETF | 4.27% | 3.64% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% |
Drawdowns
SPHY vs. SCHD - Drawdown Comparison
The maximum SPHY drawdown since its inception was -21.97%, smaller than the maximum SCHD drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for SPHY and SCHD. For additional features, visit the drawdowns tool.
Volatility
SPHY vs. SCHD - Volatility Comparison
The current volatility for SPDR Portfolio High Yield Bond ETF (SPHY) is 2.48%, while Schwab US Dividend Equity ETF (SCHD) has a volatility of 8.08%. This indicates that SPHY experiences smaller price fluctuations and is considered to be less risky than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.