SPHY vs. HYLS - ETF Comparison
SPHY - SPDR Portfolio High Yield Bond ETF
The SPDR Portfolio High Yield Bond ETF (SPHY) provides broad exposure to high-yield bonds issued by borrowers with a higher risk of default, offering higher yields than ultra-safe U.S. Treasuries or investment-grade debt. With a competitive expense ratio, this ETF offers a cost-effective way to access the high-yield bond market.
HYLS - First Trust Tactical High Yield ETF
The First Trust Tactical High Yield ETF is an actively managed bond fund that invests in a diversified portfolio of high-yield bonds, primarily in the United States. The fund aims to provide income and capital appreciation by selecting a mix of corporate bonds with varying maturities.
| SPHY | HYLS | |
|---|---|---|
| Fund Name | SPDR Portfolio High Yield Bond ETF | First Trust Tactical High Yield ETF |
| Fund Provider | State Street | First Trust |
| Index | ICE BofAML US High Yield Index | Active (No Index) |
| Asset Class | Bonds | Bonds |
| Listing | US-listed | US-listed |
| Expense Ratio | 0.05% | 1.02% |
| Inception Date | 2012-06-18 | 2013-02-27 |
| Number Of Holdings | 1894 | 311 |
| Currency | USD | USD |
| Region | United States | United States |
| Sector | Financials | Financials |
| Sector Detail | High Yield Bonds | Corporate Bonds |
| Bond Type | High Yield Bonds | High Yield Bonds |
| Leveraged | Non-leveraged | Non-leveraged |
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Key Metrics
Performance Metrics
Risk Metrics
Detailed Returns
Benchmark Comparison
Key Metrics
Performance Metrics
Risk Metrics
Detailed Returns
Benchmark Comparison
Performance Analysis
The performance analysis examines historical data to assess the returns of the investment strategy, including key metrics such as Cumulative returns, End of Year (EoY) returns, and risk-adjusted returns like the Sharpe ratio or the Sortino ratio.
Cumulative Returns
End of Year Returns Table
End of Year Returns
Risk Analysis
The risk analysis refers to an assessment of potential negative events that could lead to a loss of capital. Conducting a risk analysis can help in deciding whether an investment should be made. This is done using risk metrics such as drawdowns, volatility and beta which reflect stakeholders' confidence in the consistency of an investment strategy.
Drawdowns
Drawdowns Table
Monte Carlo Simulation
The Monte Carlo simulation is a statistical method used to forecast portfolio returns by generating a wide range of potential outcomes through random sampling from historical asset price data. It helps investors assess the potential risk and return of a portfolio under various market conditions. The simulation takes into account the initial investment and optionally simulates cash flow scenarios like fixed contributions, fixed withdrawals, or percentage withdrawals.
IMPORTANT: The forecast generated through Monte Carlo simulations is purely hypothetical and does not guarantee future returns. Investment decisions should be made with consideration of various factors, and past performance is not indicative of future results.