XHLF vs. SPHY
Compare and contrast key facts about BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF) and SPDR Portfolio High Yield Bond ETF (SPHY).
XHLF and SPHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XHLF is a passively managed fund by BondBloxx that tracks the performance of the Bloomberg US Treasury 6 Month Duration Index. It was launched on Sep 13, 2022. 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. Both XHLF and SPHY 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: XHLF or SPHY.
Key characteristics
| XHLF | SPHY | |
|---|---|---|
| YTD Return | 4.35% | 8.91% |
| 1Y Return | 5.29% | 14.95% |
| Sharpe Ratio | 11.85 | 3.44 |
| Sortino Ratio | 33.72 | 5.54 |
| Omega Ratio | 7.39 | 1.71 |
| Calmar Ratio | 88.86 | 3.28 |
| Martin Ratio | 438.07 | 28.03 |
| Ulcer Index | 0.01% | 0.55% |
| Daily Std Dev | 0.45% | 4.50% |
| Max Drawdown | -0.11% | -21.97% |
| Current Drawdown | -0.02% | -0.08% |
Correlation
The correlation between XHLF and SPHY is 0.09, 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
XHLF vs. SPHY - Performance Comparison
In the year-to-date period, XHLF achieves a 4.35% return, which is significantly lower than SPHY's 8.91% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XHLF vs. SPHY - Expense Ratio Comparison
XHLF has a 0.03% expense ratio, which is lower than SPHY's 0.10% 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
XHLF vs. SPHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF) 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.
Dividends
XHLF vs. SPHY - Dividend Comparison
XHLF's dividend yield for the trailing twelve months is around 5.10%, less than SPHY's 7.75% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XHLF BondBloxx Bloomberg Six Month Target Duration US Treasury ETF | 5.10% | 4.51% | 0.86% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPHY SPDR Portfolio High Yield Bond ETF | 7.75% | 7.30% | 6.46% | 5.13% | 5.63% | 5.73% | 4.09% | 4.41% | 4.28% | 4.29% | 3.98% | 4.40% |
Drawdowns
XHLF vs. SPHY - Drawdown Comparison
The maximum XHLF drawdown since its inception was -0.11%, smaller than the maximum SPHY drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for XHLF and SPHY. For additional features, visit the drawdowns tool.
Volatility
XHLF vs. SPHY - Volatility Comparison
The current volatility for BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF) is 0.13%, while SPDR Portfolio High Yield Bond ETF (SPHY) has a volatility of 1.05%. This indicates that XHLF experiences smaller price fluctuations and is considered to be less risky than SPHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.