Correlation
The correlation between FSYD and HYBL is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
FSYD vs. HYBL
Compare and contrast key facts about Fidelity Sustainable High Yield ETF (FSYD) and SPDR Blackstone High Income ETF (HYBL).
FSYD and HYBL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FSYD is an actively managed fund by Fidelity. It was launched on Feb 15, 2022. HYBL is an actively managed fund by SPDR. It was launched on Feb 16, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSYD or HYBL.
Performance
FSYD vs. HYBL - Performance Comparison
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Key characteristics
FSYD:
1.51
HYBL:
1.85
FSYD:
2.20
HYBL:
2.66
FSYD:
1.34
HYBL:
1.48
FSYD:
1.63
HYBL:
1.98
FSYD:
8.38
HYBL:
11.25
FSYD:
1.07%
HYBL:
0.76%
FSYD:
6.04%
HYBL:
4.68%
FSYD:
-12.11%
HYBL:
-8.46%
FSYD:
-0.14%
HYBL:
-0.07%
Returns By Period
In the year-to-date period, FSYD achieves a 2.24% return, which is significantly lower than HYBL's 2.37% return.
FSYD
2.24%
1.45%
1.68%
9.05%
6.18%
N/A
N/A
HYBL
2.37%
1.95%
2.35%
8.59%
7.26%
N/A
N/A
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FSYD vs. HYBL - Expense Ratio Comparison
FSYD has a 0.55% expense ratio, which is lower than HYBL's 0.70% expense ratio.
Risk-Adjusted Performance
FSYD vs. HYBL — Risk-Adjusted Performance Rank
FSYD
HYBL
FSYD vs. HYBL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Sustainable High Yield ETF (FSYD) and SPDR Blackstone High Income ETF (HYBL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
FSYD vs. HYBL - Dividend Comparison
FSYD's dividend yield for the trailing twelve months is around 6.71%, less than HYBL's 7.63% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
FSYD Fidelity Sustainable High Yield ETF | 6.71% | 6.47% | 6.70% | 5.29% |
HYBL SPDR Blackstone High Income ETF | 7.63% | 7.88% | 7.93% | 5.10% |
Drawdowns
FSYD vs. HYBL - Drawdown Comparison
The maximum FSYD drawdown since its inception was -12.11%, which is greater than HYBL's maximum drawdown of -8.46%. Use the drawdown chart below to compare losses from any high point for FSYD and HYBL.
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Volatility
FSYD vs. HYBL - Volatility Comparison
Fidelity Sustainable High Yield ETF (FSYD) has a higher volatility of 1.83% compared to SPDR Blackstone High Income ETF (HYBL) at 1.05%. This indicates that FSYD's price experiences larger fluctuations and is considered to be riskier than HYBL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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