HYI vs SPY
Comparison between Western Asset High Yield Defined Opportunity Fund Inc (HYI, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed HYI, delivering a return of +13.3% compared to +1.5%
HYI vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
HYI vs SPY - Historical Returns
Returns include dividend reinvestment.
HYI vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | HYI | SPY |
|---|---|---|
| 2026 | -1.26% | +8.26% |
| 2025 | +3.47% | +18.00% |
| 2024 | +7.19% | +25.59% |
| 2023 | +7.84% | +26.72% |
| 2022 | -13.47% | -18.64% |
| 2021 | +10.82% | +30.52% |
| 2020 | +7.09% | +17.28% |
| 2019 | +26.70% | +31.09% |
| 2018 | -6.90% | -5.24% |
| 2017 | +8.07% | +20.78% |
| 2016 | +17.18% | +13.59% |
| 2015 | -2.30% | +1.31% |
| 2014 | -4.39% | +14.56% |
| 2013 | +3.50% | +29.00% |
| 2012 | +18.60% | +14.17% |
| 2011 | -0.27% | +0.85% |
| 2010 | -7.98% | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
HYI vs SPY Drawdown Comparison
The maximum drawdown for HYI was -36.03%, occurring on Mar 23, 2020. Recovery took 197 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current HYI drawdown is -5.83%. The current SPY drawdown is -2.90%.
| Rank | HYI | SPY |
|---|---|---|
| #1 | -36.03% Feb 18, 2020 - Nov 25, 2020 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -26.34% Nov 5, 2021 - Feb 18, 2025 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -18.70% Jul 8, 2011 - Jan 25, 2012 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -18.60% Jun 30, 2014 - Jul 11, 2016 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -10.69% May 15, 2013 - May 8, 2014 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -10.68% Sep 27, 2012 - Mar 13, 2013 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -9.67% Oct 17, 2018 - Feb 1, 2019 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -8.88% Nov 1, 2010 - May 12, 2011 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -8.19% Sep 16, 2025 - Mar 30, 2026 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -7.44% Mar 30, 2012 - Jul 9, 2012 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -6.52% Sep 30, 2016 - Jan 3, 2017 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -5.74% Feb 25, 2025 - May 29, 2025 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -4.59% Oct 13, 2017 - Oct 17, 2018 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -4.13% Aug 1, 2019 - Sep 18, 2019 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -4.01% May 3, 2019 - Jun 19, 2019 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between HYI and SPY is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.
Dividend Comparison (1999 - 2026)
HYI vs SPY dividend yield comparison.
| Year | HYI | SPY |
|---|---|---|
| 2026 | 4.51% | 0.24% |
| 2025 | 10.22% | 1.07% |
| 2024 | 9.64% | 1.21% |
| 2023 | 9.40% | 1.40% |
| 2022 | 9.09% | 1.65% |
| 2021 | 7.19% | 1.20% |
| 2020 | 7.35% | 1.52% |
| 2019 | 6.87% | 1.75% |
| 2018 | 8.10% | 2.04% |
| 2017 | 7.81% | 1.80% |
| 2016 | 8.73% | 2.03% |
| 2015 | 9.36% | 2.06% |
| 2014 | 8.75% | 1.87% |
| 2013 | 8.98% | 1.81% |
| 2012 | 9.52% | 2.18% |
| 2011 | 10.65% | 2.05% |
| 2010 | 0.80% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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