DHF vs SPY
Comparison between BNY Mellon High Yield Strategies Fund (DHF, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed DHF, delivering a return of +13.3% compared to +2.8%
DHF vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
DHF vs SPY - Historical Returns
Returns include dividend reinvestment.
DHF vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | DHF | SPY |
|---|---|---|
| 2026 | +0.34% | +8.26% |
| 2025 | +4.42% | +18.00% |
| 2024 | +20.54% | +25.59% |
| 2023 | +12.87% | +26.72% |
| 2022 | -24.19% | -18.64% |
| 2021 | +11.81% | +30.52% |
| 2020 | +6.03% | +17.28% |
| 2019 | +23.77% | +31.09% |
| 2018 | -10.01% | -5.24% |
| 2017 | +8.75% | +20.78% |
| 2016 | +20.76% | +13.59% |
| 2015 | -5.85% | +1.31% |
| 2014 | -3.44% | +14.56% |
| 2013 | +6.16% | +29.00% |
| 2012 | +2.76% | +14.17% |
| 2011 | +10.98% | +0.85% |
| 2010 | +32.33% | +13.14% |
| 2009 | +77.84% | +22.67% |
| 2008 | -32.39% | -36.25% |
| 2007 | -4.39% | +5.32% |
| 2006 | +17.49% | +13.85% |
| 2005 | -9.02% | +5.32% |
| 2004 | -2.32% | +10.75% |
| 2003 | +56.23% | +24.18% |
| 2002 | -17.18% | -22.42% |
| 2001 | -10.03% | -10.13% |
| 2000 | -30.51% | -8.84% |
| 1999 | -9.65% | +8.61% |
DHF vs SPY Drawdown Comparison
The maximum drawdown for DHF was -60.22%, occurring on Nov 21, 2008. Recovery took 2542 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current DHF drawdown is -3.46%. The current SPY drawdown is -2.90%.
| Rank | DHF | SPY |
|---|---|---|
| #1 | -60.22% Nov 3, 1999 - Dec 11, 2009 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -42.95% Feb 20, 2020 - Nov 23, 2020 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -37.83% Jun 30, 2021 - Jul 17, 2025 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -26.16% Jun 23, 2014 - Aug 23, 2016 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -19.30% Oct 2, 2018 - Apr 1, 2019 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -17.75% Jun 2, 2011 - Apr 2, 2012 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -14.63% May 8, 2013 - Apr 3, 2014 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -14.00% May 2, 2012 - Jan 29, 2013 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -11.38% Nov 10, 2010 - Feb 14, 2011 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -11.34% Sep 2, 2016 - Jan 27, 2017 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -11.34% Apr 5, 2010 - Jul 7, 2010 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -8.67% Feb 10, 2026 - Mar 20, 2026 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -7.54% Oct 10, 2017 - Oct 2, 2018 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -6.34% Jan 12, 2010 - Feb 23, 2010 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -5.19% Mar 2, 2017 - Apr 10, 2017 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between DHF and SPY is 0.90 which considered as a very strong positive correlation - the stocks move almost identically together.
Dividend Comparison (1999 - 2026)
DHF vs SPY dividend yield comparison.
| Year | DHF | SPY |
|---|---|---|
| 2026 | 3.63% | 0.24% |
| 2025 | 8.47% | 1.07% |
| 2024 | 8.14% | 1.21% |
| 2023 | 7.86% | 1.40% |
| 2022 | 10.12% | 1.65% |
| 2021 | 8.24% | 1.20% |
| 2020 | 8.60% | 1.52% |
| 2019 | 8.52% | 1.75% |
| 2018 | 10.41% | 2.04% |
| 2017 | 8.98% | 1.80% |
| 2016 | 9.76% | 2.03% |
| 2015 | 11.30% | 2.06% |
| 2014 | 10.14% | 1.87% |
| 2013 | 9.88% | 1.81% |
| 2012 | 10.92% | 2.18% |
| 2011 | 11.51% | 2.05% |
| 2010 | 11.29% | 1.80% |
| 2009 | 9.97% | 1.95% |
| 2008 | 15.74% | 3.02% |
| 2007 | 9.14% | 1.85% |
| 2006 | 9.15% | 1.73% |
| 2005 | 10.66% | 1.73% |
| 2004 | 10.62% | 1.82% |
| 2003 | 11.56% | 1.47% |
| 2002 | 20.33% | 1.70% |
| 2001 | 16.29% | 1.25% |
| 2000 | 7.76% | 1.15% |
| 1999 | 0.00% | 0.24% |
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