DHY vs SPY
Comparison between Credit Suisse High Yield Bond Fund (DHY, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed DHY, delivering a return of +13.3% compared to +1.6%
DHY vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
DHY vs SPY - Historical Returns
Returns include dividend reinvestment.
DHY vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | DHY | SPY |
|---|---|---|
| 2026 | -10.35% | +8.26% |
| 2025 | +0.78% | +18.00% |
| 2024 | +17.58% | +25.59% |
| 2023 | +23.41% | +26.72% |
| 2022 | -22.08% | -18.64% |
| 2021 | +18.55% | +30.52% |
| 2020 | +0.59% | +17.28% |
| 2019 | +25.60% | +31.09% |
| 2018 | -15.79% | -5.24% |
| 2017 | +18.13% | +20.78% |
| 2016 | +32.65% | +13.59% |
| 2015 | -8.86% | +1.31% |
| 2014 | -0.67% | +14.56% |
| 2013 | +4.61% | +29.00% |
| 2012 | +21.25% | +14.17% |
| 2011 | +9.52% | +0.85% |
| 2010 | +8.51% | +13.14% |
| 2009 | +102.22% | +22.67% |
| 2008 | -45.94% | -36.25% |
| 2007 | -14.13% | +5.32% |
| 2006 | +4.53% | +13.85% |
| 2005 | -6.40% | +5.32% |
| 2004 | +7.04% | +10.75% |
| 2003 | +42.02% | +24.18% |
| 2002 | -8.65% | -22.42% |
| 2001 | +3.39% | -10.13% |
| 2000 | -15.75% | -8.84% |
| 1999 | -14.97% | +8.61% |
DHY vs SPY Drawdown Comparison
The maximum drawdown for DHY was -71.49%, occurring on Nov 20, 2008. Recovery took 670 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current DHY drawdown is -13.05%. The current SPY drawdown is -2.90%.
| Rank | DHY | SPY |
|---|---|---|
| #1 | -71.49% May 10, 2007 - Jan 6, 2010 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -41.32% Feb 18, 2020 - Dec 16, 2020 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -39.82% Apr 12, 2000 - Dec 12, 2003 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -28.43% May 19, 2014 - Aug 4, 2016 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -27.24% Nov 10, 2021 - Mar 13, 2024 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -21.39% Jan 8, 2018 - Apr 4, 2019 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -20.16% Jun 2, 2011 - Feb 3, 2012 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -20.12% Jan 13, 2004 - Aug 27, 2004 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -17.56% Nov 4, 1999 - Apr 10, 2000 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -15.89% Sep 16, 2005 - Sep 21, 2006 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -15.59% Jan 11, 2010 - Jul 26, 2010 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -13.75% May 20, 2013 - Feb 18, 2014 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -13.29% Dec 13, 2004 - Jul 11, 2005 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -13.05% Sep 22, 2025 - Jun 5, 2026 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -12.63% Sep 30, 2024 - Jun 30, 2025 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between DHY and SPY is 0.94 which considered as a very strong positive correlation - the stocks move almost identically together.
Dividend Comparison (1999 - 2026)
DHY vs SPY dividend yield comparison.
| Year | DHY | SPY |
|---|---|---|
| 2026 | 4.48% | 0.24% |
| 2025 | 9.30% | 1.07% |
| 2024 | 8.69% | 1.21% |
| 2023 | 9.39% | 1.40% |
| 2022 | 10.57% | 1.65% |
| 2021 | 7.61% | 1.20% |
| 2020 | 8.68% | 1.52% |
| 2019 | 9.02% | 1.75% |
| 2018 | 11.20% | 2.04% |
| 2017 | 9.40% | 1.80% |
| 2016 | 10.52% | 2.03% |
| 2015 | 12.63% | 2.06% |
| 2014 | 10.29% | 1.87% |
| 2013 | 10.28% | 1.81% |
| 2012 | 9.94% | 2.18% |
| 2011 | 11.04% | 2.05% |
| 2010 | 11.00% | 1.80% |
| 2009 | 10.85% | 1.95% |
| 2008 | 26.00% | 3.02% |
| 2007 | 12.23% | 1.85% |
| 2006 | 10.26% | 1.73% |
| 2005 | 11.72% | 1.73% |
| 2004 | 11.37% | 1.82% |
| 2003 | 10.88% | 1.47% |
| 2002 | 19.28% | 1.70% |
| 2001 | 16.48% | 1.25% |
| 2000 | 7.18% | 1.15% |
| 1999 | 0.00% | 0.24% |
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