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.
Performance
XHYE vs. SPHY - Performance Comparison
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XHYE vs. SPHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XHYE BondBloxx US High Yield Energy Sector ETF | 2.70% | 6.73% | 7.46% | 11.49% | -1.77% |
SPHY SPDR Portfolio High Yield Bond ETF | -0.07% | 8.59% | 8.54% | 12.81% | -6.69% |
Returns By Period
In the year-to-date period, XHYE achieves a 2.70% return, which is significantly higher than SPHY's -0.07% return.
XHYE
- 1D
- 0.42%
- 1M
- -0.19%
- YTD
- 2.70%
- 6M
- 3.36%
- 1Y
- 8.26%
- 3Y*
- 7.85%
- 5Y*
- —
- 10Y*
- —
SPHY
- 1D
- 0.25%
- 1M
- -0.69%
- YTD
- -0.07%
- 6M
- 1.01%
- 1Y
- 7.16%
- 3Y*
- 8.49%
- 5Y*
- 4.36%
- 10Y*
- 5.32%
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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.
Return for Risk
XHYE vs. SPHY — Risk / Return Rank
XHYE
SPHY
XHYE vs. SPHY - Risk-Adjusted Trends 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.
| XHYE | SPHY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.29 | 1.31 | -0.02 |
Sortino ratioReturn per unit of downside risk | 1.77 | 1.94 | -0.16 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.31 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.48 | 1.81 | -0.33 |
Martin ratioReturn relative to average drawdown | 6.58 | 9.48 | -2.90 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XHYE | SPHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.29 | 1.31 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.61 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.67 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.63 | +0.20 |
Correlation
The correlation between XHYE and SPHY is 0.85, 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.
Dividends
XHYE vs. SPHY - Dividend Comparison
XHYE's dividend yield for the trailing twelve months is around 6.44%, less than SPHY's 7.37% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XHYE BondBloxx US High Yield Energy Sector ETF | 6.44% | 6.55% | 7.04% | 6.46% | 5.46% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPHY SPDR Portfolio High Yield Bond ETF | 7.37% | 7.38% | 7.80% | 7.30% | 6.47% | 5.13% | 5.63% | 5.73% | 4.09% | 4.41% | 4.27% | 4.29% |
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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Drawdown Indicators
| XHYE | SPHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.87% | -21.97% | +13.10% |
Max Drawdown (1Y)Largest decline over 1 year | -5.69% | -4.07% | -1.62% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.29% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.97% | — |
Current DrawdownCurrent decline from peak | -0.27% | -1.06% | +0.79% |
Average DrawdownAverage peak-to-trough decline | -1.47% | -2.32% | +0.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.28% | 0.78% | +0.50% |
Volatility
XHYE vs. SPHY - Volatility Comparison
The current volatility for BondBloxx US High Yield Energy Sector ETF (XHYE) is 1.01%, while SPDR Portfolio High Yield Bond ETF (SPHY) has a volatility of 2.23%. This indicates that XHYE 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.
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Volatility by Period
| XHYE | SPHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 2.23% | -1.22% |
Volatility (6M)Calculated over the trailing 6-month period | 2.52% | 2.88% | -0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.41% | 5.50% | +0.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.73% | 7.16% | +0.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.73% | 7.97% | -0.24% |