SPHY vs. USHY
Compare and contrast key facts about SPDR Portfolio High Yield Bond ETF (SPHY) and iShares Broad USD High Yield Corporate Bond ETF (USHY).
SPHY and USHY 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. USHY is a passively managed fund by iShares that tracks the performance of the ICE BofA US High Yield Constrained. It was launched on Oct 25, 2017. Both SPHY and USHY 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 USHY.
Correlation
The correlation between SPHY and USHY is 0.83, 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. USHY - Performance Comparison
Key characteristics
SPHY:
2.05
USHY:
1.77
SPHY:
2.93
USHY:
2.43
SPHY:
1.38
USHY:
1.33
SPHY:
3.75
USHY:
3.35
SPHY:
15.03
USHY:
13.11
SPHY:
0.57%
USHY:
0.59%
SPHY:
4.18%
USHY:
4.37%
SPHY:
-21.97%
USHY:
-22.44%
SPHY:
-1.51%
USHY:
-2.19%
Returns By Period
In the year-to-date period, SPHY achieves a 7.88% return, which is significantly higher than USHY's 7.19% return.
SPHY
7.88%
-0.48%
4.79%
8.16%
4.26%
4.50%
USHY
7.19%
-1.12%
3.97%
7.46%
3.73%
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SPHY vs. USHY - Expense Ratio Comparison
SPHY has a 0.10% expense ratio, which is lower than USHY's 0.15% expense ratio. Despite the difference, 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. USHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio High Yield Bond ETF (SPHY) and iShares Broad USD High Yield Corporate Bond ETF (USHY). 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. USHY - Dividend Comparison
SPHY's dividend yield for the trailing twelve months is around 7.18%, more than USHY's 6.32% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPHY SPDR Portfolio High Yield Bond ETF | 7.18% | 7.30% | 6.46% | 5.13% | 5.63% | 5.73% | 4.09% | 4.41% | 4.28% | 4.29% | 3.98% | 4.40% |
USHY iShares Broad USD High Yield Corporate Bond ETF | 6.32% | 6.62% | 6.08% | 5.07% | 5.31% | 5.91% | 6.30% | 0.73% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SPHY vs. USHY - Drawdown Comparison
The maximum SPHY drawdown since its inception was -21.97%, roughly equal to the maximum USHY drawdown of -22.44%. Use the drawdown chart below to compare losses from any high point for SPHY and USHY. For additional features, visit the drawdowns tool.
Volatility
SPHY vs. USHY - Volatility Comparison
The current volatility for SPDR Portfolio High Yield Bond ETF (SPHY) is 1.31%, while iShares Broad USD High Yield Corporate Bond ETF (USHY) has a volatility of 1.87%. This indicates that SPHY experiences smaller price fluctuations and is considered to be less risky than USHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.