- ISIN
- US78470P8462
- CUSIP
- 78470P846
- Issuer
- State Street
- Inception Date
- Feb 16, 2022
- Region
- North America (U.S.)
- Category
- High Yield Bonds, Bank Loan, CLO, Actively Managed
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $571M
Highlights
- Avg. Volume (1M)
- 88K
- Avg. Volume Value (1M)
- $2.46M
Share Price Chart
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Performance
HYBL Performance Chart
State Street Blackstone High Income ETF (HYBL) is up 1.8% since the beginning of the year. HYBL is currently trading at $28 per share.
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Returns By Period
State Street Blackstone High Income ETF (HYBL) has returned 1.78% so far this year and 5.24% over the past 12 months.
State Street Blackstone High Income ETF
- 1D
- 0.05%
- 1M
- 0.52%
- 6M
- 1.62%
- YTD
- 1.78%
- 1Y
- 5.24%
- 3Y*
- 8.22%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.63%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
HYBL Monthly Returns History
Based on dividend-adjusted daily data since Feb 17, 2022, HYBL's average daily return is +0.02%, while the average monthly return is +0.46%. At this rate, an investment would double in approximately 12.6 years.
Historically, 69% of months were positive and 31% were negative. The best month was Jul 2022 with a return of +4.4%, while the worst month was Jun 2022 at -4.3%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.
On a daily basis, HYBL closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +2.4%, while the worst single day was Apr 4, 2025 at -1.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.16% | -1.16% | -0.04% | 1.94% | 0.43% | -0.21% | 0.68% | 1.78% | |||||
| 2025 | 0.92% | 0.36% | -0.95% | 0.10% | 1.95% | 1.48% | 0.49% | 1.01% | 0.53% | 0.25% | 0.76% | 0.65% | 7.78% |
| 2024 | 0.32% | 0.36% | 1.54% | -0.10% | 0.92% | 0.79% | 1.25% | 1.03% | 1.33% | 0.06% | 1.30% | -0.02% | 9.12% |
| 2023 | 2.53% | -0.85% | 1.40% | 0.86% | -0.87% | 1.82% | 1.13% | 0.65% | -0.42% | -0.64% | 3.07% | 2.68% | 11.86% |
| 2022 | 0.05% | -0.45% | -2.18% | -0.96% | -4.26% | 4.37% | -1.05% | -3.92% | 2.15% | 1.89% | -0.13% | -4.72% |
Benchmark Metrics
State Street Blackstone High Income ETF has an annualized alpha of 3.08%, beta of 0.20, and R2 of 0.57 versus S&P 500 Index. Calculated based on daily prices since February 17, 2022.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (25.25%) than losses (21.38%) - typical of diversified or defensive assets.
- This ETF generated an annualized alpha of 3.08% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.20 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 3.08%
- Beta
- 0.20
- R²
- 0.57
- Upside Capture
- 25.25%
- Downside Capture
- 21.38%
Expense Ratio
HYBL has an expense ratio of 0.70%, placing it in the medium range.
Return for Risk
Risk / Return Rank
HYBL ranks 75 for risk / return — above 75% of ETFs peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for State Street Blackstone High Income ETF (HYBL) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HYBL | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.25 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | 2.00 | +0.11 |
| Martin ratioReturn relative to average drawdown | 7.73 | 8.49 | -0.76 |
Dividends
Dividend History
State Street Blackstone High Income ETF provided a 6.42% dividend yield over the last twelve months, with an annual payout of $1.80 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $1.80 | $2.05 | $2.23 | $2.23 | $1.39 |
Dividend yield | 6.42% | 7.22% | 7.88% | 7.93% | 5.10% |
Monthly Dividends
The table displays the monthly dividend distributions for State Street Blackstone High Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.16 | $0.15 | $0.17 | $0.16 | $0.16 | $0.15 | $0.95 | |||||
| 2025 | $0.00 | $0.18 | $0.16 | $0.18 | $0.16 | $0.18 | $0.17 | $0.18 | $0.17 | $0.17 | $0.18 | $0.33 | $2.05 |
| 2024 | $0.00 | $0.19 | $0.18 | $0.19 | $0.19 | $0.19 | $0.19 | $0.19 | $0.19 | $0.19 | $0.18 | $0.35 | $2.23 |
| 2023 | $0.00 | $0.17 | $0.17 | $0.17 | $0.17 | $0.18 | $0.18 | $0.18 | $0.18 | $0.19 | $0.19 | $0.45 | $2.23 |
| 2022 | $0.12 | $0.12 | $0.12 | $0.13 | $0.13 | $0.15 | $0.15 | $0.15 | $0.32 | $1.39 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the State Street Blackstone High Income ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the State Street Blackstone High Income ETF was 8.46%, occurring on Sep 29, 2022. Recovery took 194 trading sessions.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-8.46%Sep 2022 | 7mo | 9mo 15d | 1y 4moMar 2022 - Jul 2023 | Bear market2022 |
-4.32%Apr 2025 | 1mo 17d | 1mo 4d | 2mo 21dFeb 2025 - May 2025 | 2025 selloff2025 |
-2.41%Mar 2026 | 2mo 17d | 26d | 3mo 13dJan 2026 - Apr 2026 | — |
-1.90%Oct 2023 | 1mo 1d | 14d | 1mo 15dSep 2023 - Nov 2023 | — |
-1.24%Aug 2024 | 4d | 9d | 13dAug 2024 - Aug 2024 | — |
Drawdown Indicators
| HYBL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.46% | -56.78% | +48.32% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -9.10% | +6.69% |
Max Drawdown (3Y)Largest decline over 3 years | -4.32% | -18.90% | +14.58% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.58% | +1.58% |
Average DrawdownAverage peak-to-trough decline | -1.31% | -10.70% | +9.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 2.14% | -1.48% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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