SPHY vs. SHYG
Compare and contrast key facts about SPDR Portfolio High Yield Bond ETF (SPHY) and iShares 0-5 Year High Yield Corporate Bond ETF (SHYG).
SPHY and SHYG 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. SHYG is a passively managed fund by iShares that tracks the performance of the Markit iBoxx USD Liquid High Yield 0-5 Index. It was launched on Oct 15, 2013. Both SPHY and SHYG 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 SHYG.
Correlation
The correlation between SPHY and SHYG is 0.59, 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.
Performance
SPHY vs. SHYG - Performance Comparison
Key characteristics
SPHY:
2.03
SHYG:
2.38
SPHY:
2.92
SHYG:
3.50
SPHY:
1.37
SHYG:
1.44
SPHY:
3.74
SHYG:
4.78
SPHY:
14.64
SHYG:
18.98
SPHY:
0.58%
SHYG:
0.44%
SPHY:
4.21%
SHYG:
3.48%
SPHY:
-21.97%
SHYG:
-19.26%
SPHY:
-1.07%
SHYG:
-0.68%
Returns By Period
The year-to-date returns for both stocks are quite close, with SPHY having a 8.37% return and SHYG slightly lower at 8.13%. Both investments have delivered pretty close results over the past 10 years, with SPHY having a 4.57% annualized return and SHYG not far behind at 4.41%.
SPHY
8.37%
-0.16%
5.22%
8.23%
4.32%
4.57%
SHYG
8.13%
0.11%
4.93%
8.03%
4.25%
4.41%
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SPHY vs. SHYG - Expense Ratio Comparison
SPHY has a 0.10% expense ratio, which is lower than SHYG's 0.30% expense ratio.
Risk-Adjusted Performance
SPHY vs. SHYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio High Yield Bond ETF (SPHY) and iShares 0-5 Year High Yield Corporate Bond ETF (SHYG). 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. SHYG - Dividend Comparison
SPHY's dividend yield for the trailing twelve months is around 7.81%, more than SHYG's 6.93% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPHY SPDR Portfolio High Yield Bond ETF | 7.81% | 7.30% | 6.46% | 5.13% | 5.63% | 5.73% | 4.09% | 4.41% | 4.28% | 4.29% | 3.98% | 4.40% |
SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 6.93% | 6.54% | 5.57% | 4.84% | 5.07% | 5.32% | 5.90% | 5.49% | 5.53% | 5.17% | 4.33% | 0.85% |
Drawdowns
SPHY vs. SHYG - Drawdown Comparison
The maximum SPHY drawdown since its inception was -21.97%, which is greater than SHYG's maximum drawdown of -19.26%. Use the drawdown chart below to compare losses from any high point for SPHY and SHYG. For additional features, visit the drawdowns tool.
Volatility
SPHY vs. SHYG - Volatility Comparison
SPDR Portfolio High Yield Bond ETF (SPHY) has a higher volatility of 1.45% compared to iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) at 1.27%. This indicates that SPHY's price experiences larger fluctuations and is considered to be riskier than SHYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.