HIYS vs. HYBL
Compare and contrast key facts about Invesco High Yield Select ETF (HIYS) and SPDR Blackstone High Income ETF (HYBL).
HIYS and HYBL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HIYS is an actively managed fund by Invesco. It was launched on Dec 5, 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: HIYS or HYBL.
Correlation
The correlation between HIYS and HYBL is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
HIYS vs. HYBL - Performance Comparison
Key characteristics
HIYS:
2.36
HYBL:
3.91
HIYS:
3.59
HYBL:
5.93
HIYS:
1.45
HYBL:
1.87
HIYS:
4.58
HYBL:
8.21
HIYS:
13.91
HYBL:
41.68
HIYS:
0.53%
HYBL:
0.24%
HIYS:
3.13%
HYBL:
2.60%
HIYS:
-4.17%
HYBL:
-8.46%
HIYS:
-0.47%
HYBL:
-0.05%
Returns By Period
In the year-to-date period, HIYS achieves a 1.17% return, which is significantly lower than HYBL's 1.29% return.
HIYS
1.17%
0.11%
2.13%
7.38%
N/A
N/A
HYBL
1.29%
0.60%
4.42%
10.19%
N/A
N/A
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HIYS vs. HYBL - Expense Ratio Comparison
HIYS has a 0.50% expense ratio, which is lower than HYBL's 0.70% expense ratio.
Risk-Adjusted Performance
HIYS vs. HYBL — Risk-Adjusted Performance Rank
HIYS
HYBL
HIYS vs. HYBL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco High Yield Select ETF (HIYS) 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.
Dividends
HIYS vs. HYBL - Dividend Comparison
HIYS's dividend yield for the trailing twelve months is around 6.18%, less than HYBL's 7.77% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
HIYS Invesco High Yield Select ETF | 6.18% | 6.80% | 7.43% | 0.00% |
HYBL SPDR Blackstone High Income ETF | 7.77% | 7.88% | 7.93% | 5.10% |
Drawdowns
HIYS vs. HYBL - Drawdown Comparison
The maximum HIYS drawdown since its inception was -4.17%, smaller than the maximum HYBL drawdown of -8.46%. Use the drawdown chart below to compare losses from any high point for HIYS and HYBL. For additional features, visit the drawdowns tool.
Volatility
HIYS vs. HYBL - Volatility Comparison
Invesco High Yield Select ETF (HIYS) has a higher volatility of 0.93% compared to SPDR Blackstone High Income ETF (HYBL) at 0.75%. This indicates that HIYS'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.