HYBL vs. BSJO

Last updated Jun 4, 2026

HYBL (SPDR Blackstone High Income ETF) and BSJO (Invesco BulletShares 2024 High Yield Corporate Bond ETF) are both High Yield Bonds funds. HYBL is actively managed, while BSJO is passively managed. HYBL charges 0.70%/yr vs 0.42%/yr for BSJO.

Performance

HYBL vs. BSJO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Blackstone High Income ETF (HYBL) and Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HYBL

• 1D: -0.20%
• 1M: 0.16%
• YTD: 1.11%
• 6M: 1.71%
• 1Y: 6.35%
• 3Y*: 8.58%
• 5Y*: —
• 10Y*: —

BSJO

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HYBL vs. BSJO - Yearly Performance Comparison

	2026 (YTD)
HYBL SPDR Blackstone High Income ETF	1.06%
BSJO Invesco BulletShares 2024 High Yield Corporate Bond ETF	0.00%

Return for Risk

HYBL vs. BSJO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HYBL

HYBL Risk / Return Rank: 68
HYBL Sharpe Ratio Rank: 72
HYBL Sortino Ratio Rank: 80
HYBL Omega Ratio Rank: 80
HYBL Calmar Ratio Rank: 52
HYBL Martin Ratio Rank: 55

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HYBL vs. BSJO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Blackstone High Income ETF (HYBL) and Invesco BulletShares 2024 High Yield Corporate Bond ETF (BSJO). 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.

	HYBL	BSJO	Difference
Sharpe ratio Return per unit of total volatility	2.40	—	—
Sortino ratio Return per unit of downside risk	3.66	—	—
Omega ratio Gain probability vs. loss probability	1.48	—	—
Calmar ratio Return relative to maximum drawdown	2.64	—	—
Martin ratio Return relative to average drawdown	9.71	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	HYBL	BSJO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.40	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.25	—	—

Drawdowns

HYBL vs. BSJO - Drawdown Comparison

The maximum HYBL drawdown since its inception was -8.46%, which is greater than BSJO's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for HYBL and BSJO.

Drawdown Indicators

	HYBL	BSJO	Difference
Max Drawdown Largest peak-to-trough decline	-8.46%	0.00%	-8.46%
Max Drawdown (1Y) Largest decline over 1 year	-2.41%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-4.32%	—	—
Current Drawdown Current decline from peak	-0.20%	0.00%	-0.20%
Average Drawdown Average peak-to-trough decline	-1.35%	0.00%	-1.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.66%	—	—

Volatility

Volatility by Period

	HYBL	BSJO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.68%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.14%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.66%	0.00%	+2.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.57%	0.00%	+4.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.57%	0.00%	+4.57%

HYBL vs. BSJO - Expense Ratio Comparison

HYBL has a 0.70% expense ratio, which is higher than BSJO's 0.42% expense ratio.

Dividends

HYBL vs. BSJO - Dividend Comparison

HYBL's dividend yield for the trailing twelve months is around 7.12%, while BSJO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
BSJO Invesco BulletShares 2024 High Yield Corporate Bond ETF	0.00%	0.00%	0.00%	0.00%	0.00%
HYBL SPDR Blackstone High Income ETF	7.12%	7.22%	7.88%	7.93%	5.10%

Frequently Asked Questions

Which ETF is better, HYBL or BSJO?

On fees, BSJO is cheaper at 0.42% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HYBL or BSJO?

BSJO is cheaper with a 0.42% expense ratio, compared with 0.70% for HYBL.

Which ETF pays a higher dividend yield, HYBL or BSJO?

HYBL has the higher dividend yield at 7.12%, compared with 0.00% for BSJO.

What is the main difference between HYBL and BSJO?

They also come from different issuers: State Street and Invesco. Their fees differ too: 0.70% for HYBL and 0.42% for BSJO.