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HYBL vs. BKLN
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

HYBL vs. BKLN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Blackstone High Income ETF (HYBL) and Invesco Senior Loan ETF (BKLN). The values are adjusted to include any dividend payments, if applicable.

0.00%1.00%2.00%3.00%4.00%5.00%JuneJulyAugustSeptemberOctoberNovember
5.44%
4.50%
HYBL
BKLN

Returns By Period

In the year-to-date period, HYBL achieves a 8.68% return, which is significantly higher than BKLN's 7.69% return.


HYBL

YTD

8.68%

1M

0.96%

6M

5.45%

1Y

12.08%

5Y (annualized)

N/A

10Y (annualized)

N/A

BKLN

YTD

7.69%

1M

1.01%

6M

4.50%

1Y

9.95%

5Y (annualized)

4.55%

10Y (annualized)

3.59%

Key characteristics


HYBLBKLN
Sharpe Ratio4.364.24
Sortino Ratio6.916.55
Omega Ratio2.012.16
Calmar Ratio9.775.95
Martin Ratio48.8350.27
Ulcer Index0.25%0.20%
Daily Std Dev2.77%2.33%
Max Drawdown-8.46%-24.17%
Current Drawdown0.00%-0.05%

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HYBL vs. BKLN - Expense Ratio Comparison

HYBL has a 0.70% expense ratio, which is higher than BKLN's 0.65% expense ratio.


HYBL
SPDR Blackstone High Income ETF
Expense ratio chart for HYBL: current value at 0.70% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.70%
Expense ratio chart for BKLN: current value at 0.65% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.65%

Correlation

-0.50.00.51.00.6

The correlation between HYBL and BKLN is 0.63, 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.

Risk-Adjusted Performance

HYBL vs. BKLN - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Blackstone High Income ETF (HYBL) and Invesco Senior Loan ETF (BKLN). 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.


Sharpe ratio
The chart of Sharpe ratio for HYBL, currently valued at 4.36, compared to the broader market0.002.004.004.364.24
The chart of Sortino ratio for HYBL, currently valued at 6.91, compared to the broader market-2.000.002.004.006.008.0010.0012.006.916.55
The chart of Omega ratio for HYBL, currently valued at 2.01, compared to the broader market0.501.001.502.002.503.002.012.16
The chart of Calmar ratio for HYBL, currently valued at 9.77, compared to the broader market0.005.0010.0015.009.775.95
The chart of Martin ratio for HYBL, currently valued at 48.83, compared to the broader market0.0020.0040.0060.0080.00100.00120.0048.8350.27
HYBL
BKLN

The current HYBL Sharpe Ratio is 4.36, which is comparable to the BKLN Sharpe Ratio of 4.24. The chart below compares the historical Sharpe Ratios of HYBL and BKLN, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio3.003.504.004.505.00JuneJulyAugustSeptemberOctoberNovember
4.36
4.24
HYBL
BKLN

Dividends

HYBL vs. BKLN - Dividend Comparison

HYBL's dividend yield for the trailing twelve months is around 8.17%, less than BKLN's 8.53% yield.


TTM20232022202120202019201820172016201520142013
HYBL
SPDR Blackstone High Income ETF
8.17%7.93%5.10%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
BKLN
Invesco Senior Loan ETF
8.53%8.59%4.93%3.11%3.56%4.86%4.51%3.51%4.55%4.11%4.12%4.39%

Drawdowns

HYBL vs. BKLN - Drawdown Comparison

The maximum HYBL drawdown since its inception was -8.46%, smaller than the maximum BKLN drawdown of -24.17%. Use the drawdown chart below to compare losses from any high point for HYBL and BKLN. For additional features, visit the drawdowns tool.


-1.50%-1.00%-0.50%0.00%JuneJulyAugustSeptemberOctoberNovember0
-0.05%
HYBL
BKLN

Volatility

HYBL vs. BKLN - Volatility Comparison

SPDR Blackstone High Income ETF (HYBL) and Invesco Senior Loan ETF (BKLN) have volatilities of 0.54% and 0.54%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


0.40%0.60%0.80%1.00%1.20%1.40%1.60%JuneJulyAugustSeptemberOctoberNovember
0.54%
0.54%
HYBL
BKLN