WFC vs. SPHY
WFC (Wells Fargo & Company) is a stock, while SPHY (SPDR Portfolio High Yield Bond ETF) is High Yield Bonds fund tracking the ICE BofA US High Yield Index. Over the past 10 years, WFC returned 8.95%/yr vs 5.21%/yr for SPHY. At a 0.24 correlation, their price movements are largely independent.
Performance
WFC vs. SPHY - Performance Comparison
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Returns By Period
In the year-to-date period, WFC achieves a -9.20% return, which is significantly lower than SPHY's 1.85% return. Over the past 10 years, WFC has outperformed SPHY with an annualized return of 8.95%, while SPHY has yielded a comparatively lower 5.21% annualized return.
WFC
- 1D
- 1.61%
- 1M
- 13.87%
- YTD
- -9.20%
- 6M
- -8.77%
- 1Y
- 15.62%
- 3Y*
- 28.38%
- 5Y*
- 15.64%
- 10Y*
- 8.95%
SPHY
- 1D
- 0.04%
- 1M
- 0.63%
- YTD
- 1.85%
- 6M
- 2.41%
- 1Y
- 7.07%
- 3Y*
- 8.90%
- 5Y*
- 4.36%
- 10Y*
- 5.21%
WFC vs. SPHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WFC Wells Fargo & Company | -9.20% | 35.57% | 46.48% | 22.94% | -11.92% | 61.15% | -41.65% | 21.44% | -21.83% | 13.21% |
SPHY SPDR Portfolio High Yield Bond ETF | 1.85% | 8.59% | 8.54% | 12.81% | -10.57% | 5.61% | 6.65% | 13.16% | -3.35% | 7.35% |
Correlation
The correlation between WFC and SPHY is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Jun 19, 2012 | 0.24 |
The correlation between WFC and SPHY shifts across timeframes, from 0.24 (all time) to 0.42 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
WFC vs. SPHY — Risk / Return Rank
WFC
SPHY
WFC vs. SPHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wells Fargo & Company (WFC) and SPDR Portfolio High Yield Bond ETF (SPHY). 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.
| WFC | SPHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.32 | ||
| Sortino ratioReturn per unit of downside risk | -1.97 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.38 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.68 | 2.94 | -2.26 |
| Martin ratioReturn relative to average drawdown | 1.54 | 13.29 | -11.75 |
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Drawdowns
WFC vs. SPHY - Drawdown Comparison
The maximum WFC drawdown since its inception was -79.01%, which is greater than SPHY's maximum drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for WFC and SPHY.
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Drawdown Indicators
| WFC | SPHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.01% | -21.97% | -57.04% |
Max Drawdown (1Y)Largest decline over 1 year | -23.02% | -2.41% | -20.61% |
Max Drawdown (3Y)Largest decline over 3 years | -24.73% | -4.85% | -19.88% |
Max Drawdown (5Y)Largest decline over 5 years | -37.10% | -15.29% | -21.81% |
Max Drawdown (10Y)Largest decline over 10 years | -64.46% | -21.97% | -42.49% |
Current DrawdownCurrent decline from peak | -12.21% | 0.00% | -12.21% |
Average DrawdownAverage peak-to-trough decline | -15.35% | -2.29% | -13.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.18% | 0.53% | +9.65% |
Volatility
WFC vs. SPHY - Volatility Comparison
Wells Fargo & Company (WFC) has a higher volatility of 5.95% compared to SPDR Portfolio High Yield Bond ETF (SPHY) at 1.16%. This indicates that WFC's price experiences larger fluctuations and is considered to be riskier than SPHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WFC | SPHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.95% | 1.16% | +4.79% |
Volatility (6M)Calculated over the trailing 6-month period | 19.95% | 2.95% | +17.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.75% | 3.72% | +23.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.23% | 7.18% | +23.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.28% | 7.87% | +24.41% |
Dividends
WFC vs. SPHY - Dividend Comparison
WFC's dividend yield for the trailing twelve months is around 2.15%, less than SPHY's 7.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
WFC Wells Fargo & Company | 2.15% | 1.82% | 2.14% | 2.64% | 2.66% | 1.25% | 4.04% | 3.57% | 3.56% | 2.54% | 2.75% | 2.71% |
Frequently Asked Questions
WFC and SPHY have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WFC has higher volatility (5.95%) compared to SPHY (1.16%). In terms of maximum drawdown, WFC dropped -79.01% vs SPHY's -21.97%.
SPHY currently has the higher Sharpe Ratio (1.91 vs 0.59), 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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