Correlation
The correlation between XHYE and SPHY is 0.67, 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.
XHYE vs. SPHY
Compare and contrast key facts about BondBloxx US High Yield Energy Sector ETF (XHYE) and SPDR Portfolio High Yield Bond ETF (SPHY).
XHYE and SPHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XHYE is a passively managed fund by BondBloxx that tracks the performance of the ICE Diversified US Cash Pay High Yield Energy Index. It was launched on Feb 15, 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 XHYE 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: XHYE or SPHY.
Performance
XHYE vs. SPHY - Performance Comparison
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Key characteristics
XHYE:
0.63
SPHY:
1.70
XHYE:
0.91
SPHY:
2.48
XHYE:
1.14
SPHY:
1.37
XHYE:
0.67
SPHY:
1.97
XHYE:
2.72
SPHY:
10.39
XHYE:
1.58%
SPHY:
0.92%
XHYE:
6.76%
SPHY:
5.64%
XHYE:
-8.87%
SPHY:
-21.97%
XHYE:
-1.79%
SPHY:
0.00%
Returns By Period
In the year-to-date period, XHYE achieves a 0.34% return, which is significantly lower than SPHY's 2.69% return.
XHYE
0.34%
2.19%
-0.71%
4.25%
5.77%
N/A
N/A
SPHY
2.69%
1.71%
1.97%
9.50%
6.63%
6.00%
4.72%
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XHYE vs. SPHY - Expense Ratio Comparison
XHYE has a 0.35% expense ratio, which is higher than SPHY's 0.10% expense ratio.
Risk-Adjusted Performance
XHYE vs. SPHY — Risk-Adjusted Performance Rank
XHYE
SPHY
XHYE vs. SPHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BondBloxx US High Yield Energy Sector ETF (XHYE) 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.
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Dividends
XHYE vs. SPHY - Dividend Comparison
XHYE's dividend yield for the trailing twelve months is around 7.32%, less than SPHY's 7.66% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XHYE BondBloxx US High Yield Energy Sector ETF | 7.32% | 7.04% | 6.46% | 5.46% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPHY SPDR Portfolio High Yield Bond ETF | 7.66% | 7.80% | 7.30% | 6.47% | 5.14% | 5.63% | 5.73% | 4.09% | 4.41% | 4.27% | 4.29% | 3.98% |
Drawdowns
XHYE vs. SPHY - Drawdown Comparison
The maximum XHYE drawdown since its inception was -8.87%, smaller than the maximum SPHY drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for XHYE and SPHY.
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Volatility
XHYE vs. SPHY - Volatility Comparison
BondBloxx US High Yield Energy Sector ETF (XHYE) has a higher volatility of 2.18% compared to SPDR Portfolio High Yield Bond ETF (SPHY) at 1.47%. This indicates that XHYE'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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