SPHY vs PVAL
Comparison between STATE STREET(R) SPDR(R) PORTFOLIO HIGH YIELD BOND ETF (SPHY, ETF) and Putnam Focused Large Cap Value ETF (PVAL, ETF).
5-Year PerformancePVAL has outperformed SPHY, delivering a return of +16.3% compared to +4.3%
SPHY vs PVAL - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
SPHY vs PVAL - Historical Returns
Returns include dividend reinvestment.
SPHY vs PVAL - Annual Returns (2012 - 2026)
Returns include dividend reinvestment.
| Year | SPHY | PVAL |
|---|---|---|
| 2026 | +1.76% | +12.03% |
| 2025 | +8.31% | +24.59% |
| 2024 | +8.81% | +18.93% |
| 2023 | +12.80% | +18.99% |
| 2022 | -10.48% | -2.65% |
| 2021 | +5.74% | +11.43% |
| 2020 | +6.44% | N/A |
| 2019 | +13.55% | N/A |
| 2018 | -2.69% | N/A |
| 2017 | +6.73% | N/A |
| 2016 | +11.15% | N/A |
| 2015 | -3.64% | N/A |
| 2014 | +6.53% | N/A |
| 2013 | -1.34% | N/A |
| 2012 | +7.21% | N/A |
SPHY vs PVAL Drawdown Comparison
The maximum drawdown for SPHY was -21.97%, occurring on Mar 23, 2020. Recovery took 164 trading sessions.
The maximum drawdown for PVAL was -16.64%, occurring on Sep 30, 2022. Recovery took 211 trading sessions.
| Rank | SPHY | PVAL |
|---|---|---|
| #1 | -21.97% Feb 14, 2020 - Oct 8, 2020 | -16.64% Mar 30, 2022 - Feb 1, 2023 |
| #2 | -15.29% Dec 28, 2021 - Dec 14, 2023 | -15.40% Nov 29, 2024 - Jun 24, 2025 |
| #3 | -8.30% Apr 16, 2015 - Apr 25, 2016 | -8.75% Feb 14, 2023 - Jun 15, 2023 |
| #4 | -7.23% May 2, 2013 - Feb 24, 2014 | -8.67% Jul 31, 2023 - Dec 1, 2023 |
| #5 | -4.86% Feb 26, 2025 - May 12, 2025 | -7.63% Jan 4, 2022 - Mar 29, 2022 |
| #6 | -4.21% Dec 29, 2017 - Feb 15, 2019 | -7.22% Feb 9, 2026 - Apr 17, 2026 |
| #7 | -4.17% Oct 24, 2016 - Jan 18, 2017 | -6.98% Jul 16, 2024 - Aug 30, 2024 |
| #8 | -2.48% Aug 21, 2014 - Jan 14, 2015 | -5.37% Nov 24, 2021 - Dec 29, 2021 |
| #9 | -2.41% Feb 20, 2026 - Apr 8, 2026 | -4.28% Mar 28, 2024 - May 9, 2024 |
| #10 | -2.36% Nov 9, 2021 - Dec 23, 2021 | -4.27% Jun 8, 2021 - Jul 2, 2021 |
| #11 | -2.29% Mar 27, 2024 - May 3, 2024 | -4.18% Jul 2, 2021 - Aug 3, 2021 |
| #12 | -2.28% Jan 29, 2013 - Apr 16, 2013 | -3.86% Aug 30, 2024 - Sep 19, 2024 |
| #13 | -2.07% Sep 17, 2012 - Oct 11, 2012 | -3.83% Aug 27, 2021 - Oct 14, 2021 |
| #14 | -1.99% Mar 1, 2017 - Apr 10, 2017 | -3.46% Jul 23, 2025 - Aug 20, 2025 |
| #15 | -1.84% Feb 27, 2015 - Apr 15, 2015 | -3.36% Nov 12, 2025 - Nov 26, 2025 |
Correlation
Correlation between SPHY and PVAL is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.
Dividend Comparison (2012 - 2026)
SPHY vs PVAL dividend yield comparison.
| Year | SPHY | PVAL |
|---|---|---|
| 2026 | 2.95% | 0.27% |
| 2025 | 7.38% | 1.00% |
| 2024 | 7.80% | 1.34% |
| 2023 | 7.30% | 1.33% |
| 2022 | 6.47% | 0.59% |
| 2021 | 5.13% | 0.47% |
| 2020 | 5.63% | 0.00% |
| 2019 | 5.73% | 0.00% |
| 2018 | 4.09% | 0.00% |
| 2017 | 4.41% | 0.00% |
| 2016 | 4.27% | 0.00% |
| 2015 | 4.29% | 0.00% |
| 2014 | 3.98% | 0.00% |
| 2013 | 4.41% | 0.00% |
| 2012 | 2.17% | 0.00% |
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