SPTI vs. HYG
Compare and contrast key facts about SPDR Portfolio Intermediate Term Treasury ETF (SPTI) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG).
SPTI and HYG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPTI is a passively managed fund by State Street that tracks the performance of the Bloomberg Barclays U.S. 3-10 Year Treasury Bond Index. It was launched on May 23, 2007. HYG is a passively managed fund by iShares that tracks the performance of the iBoxx $ Liquid High Yield Index. It was launched on Apr 11, 2007. Both SPTI and HYG 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: SPTI or HYG.
Performance
SPTI vs. HYG - Performance Comparison
Returns By Period
In the year-to-date period, SPTI achieves a 1.44% return, which is significantly lower than HYG's 8.59% return. Over the past 10 years, SPTI has underperformed HYG with an annualized return of 1.05%, while HYG has yielded a comparatively higher 3.94% annualized return.
SPTI
1.44%
-1.02%
2.74%
4.76%
-0.22%
1.05%
HYG
8.59%
0.50%
6.74%
13.19%
3.63%
3.94%
Key characteristics
| SPTI | HYG | |
|---|---|---|
| Sharpe Ratio | 0.99 | 2.87 |
| Sortino Ratio | 1.47 | 4.48 |
| Omega Ratio | 1.18 | 1.56 |
| Calmar Ratio | 0.38 | 2.66 |
| Martin Ratio | 2.94 | 21.54 |
| Ulcer Index | 1.68% | 0.62% |
| Daily Std Dev | 4.98% | 4.65% |
| Max Drawdown | -16.11% | -34.24% |
| Current Drawdown | -8.66% | -0.40% |
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SPTI vs. HYG - Expense Ratio Comparison
SPTI has a 0.06% expense ratio, which is lower than HYG's 0.49% expense ratio.
Correlation
The correlation between SPTI and HYG is -0.05. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Risk-Adjusted Performance
SPTI vs. HYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Intermediate Term Treasury ETF (SPTI) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG). 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
SPTI vs. HYG - Dividend Comparison
SPTI's dividend yield for the trailing twelve months is around 3.70%, less than HYG's 6.36% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPTI SPDR Portfolio Intermediate Term Treasury ETF | 3.70% | 2.99% | 1.45% | 0.53% | 0.76% | 2.01% | 1.97% | 1.46% | 1.24% | 1.18% | 1.05% | 1.47% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 6.36% | 5.75% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% | 5.69% | 6.10% |
Drawdowns
SPTI vs. HYG - Drawdown Comparison
The maximum SPTI drawdown since its inception was -16.11%, smaller than the maximum HYG drawdown of -34.24%. Use the drawdown chart below to compare losses from any high point for SPTI and HYG. For additional features, visit the drawdowns tool.
Volatility
SPTI vs. HYG - Volatility Comparison
SPDR Portfolio Intermediate Term Treasury ETF (SPTI) has a higher volatility of 1.20% compared to iShares iBoxx $ High Yield Corporate Bond ETF (HYG) at 1.03%. This indicates that SPTI's price experiences larger fluctuations and is considered to be riskier than HYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.