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

Performance

HYBL vs. HIGH - Performance Comparison

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

-2.00%0.00%2.00%4.00%6.00%JuneJulyAugustSeptemberOctoberNovember
5.44%
0.12%
HYBL
HIGH

Returns By Period

In the year-to-date period, HYBL achieves a 8.68% return, which is significantly higher than HIGH's 3.23% return.


HYBL

YTD

8.68%

1M

0.96%

6M

5.45%

1Y

12.08%

5Y (annualized)

N/A

10Y (annualized)

N/A

HIGH

YTD

3.23%

1M

1.15%

6M

0.12%

1Y

4.15%

5Y (annualized)

N/A

10Y (annualized)

N/A

Key characteristics


HYBLHIGH
Sharpe Ratio4.361.23
Sortino Ratio6.911.64
Omega Ratio2.011.31
Calmar Ratio9.771.22
Martin Ratio48.833.48
Ulcer Index0.25%1.19%
Daily Std Dev2.77%3.36%
Max Drawdown-8.46%-3.39%
Current Drawdown0.00%-0.63%

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HYBL vs. HIGH - Expense Ratio Comparison

HYBL has a 0.70% expense ratio, which is higher than HIGH's 0.51% 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 HIGH: current value at 0.51% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.51%

Correlation

-0.50.00.51.00.1

The correlation between HYBL and HIGH is 0.13, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Risk-Adjusted Performance

HYBL vs. HIGH - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Blackstone High Income ETF (HYBL) and Simplify Enhanced Income ETF (HIGH). 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 market0.002.004.004.361.23
The chart of Sortino ratio for HYBL, currently valued at 6.91, compared to the broader market-2.000.002.004.006.008.0010.0012.006.911.64
The chart of Omega ratio for HYBL, currently valued at 2.01, compared to the broader market0.501.001.502.002.503.002.011.31
The chart of Calmar ratio for HYBL, currently valued at 9.77, compared to the broader market0.005.0010.0015.0020.009.771.22
The chart of Martin ratio for HYBL, currently valued at 48.83, compared to the broader market0.0020.0040.0060.0080.00100.0048.833.48
HYBL
HIGH

The current HYBL Sharpe Ratio is 4.36, which is higher than the HIGH Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of HYBL and HIGH, 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 Ratio1.002.003.004.005.00JuneJulyAugustSeptemberOctoberNovember
4.36
1.23
HYBL
HIGH

Dividends

HYBL vs. HIGH - Dividend Comparison

HYBL's dividend yield for the trailing twelve months is around 8.17%, less than HIGH's 8.78% yield.


TTM20232022
HYBL
SPDR Blackstone High Income ETF
8.17%7.93%5.10%
HIGH
Simplify Enhanced Income ETF
8.78%9.39%0.62%

Drawdowns

HYBL vs. HIGH - Drawdown Comparison

The maximum HYBL drawdown since its inception was -8.46%, which is greater than HIGH's maximum drawdown of -3.39%. Use the drawdown chart below to compare losses from any high point for HYBL and HIGH. For additional features, visit the drawdowns tool.


-3.50%-3.00%-2.50%-2.00%-1.50%-1.00%-0.50%0.00%JuneJulyAugustSeptemberOctoberNovember0
-0.63%
HYBL
HIGH

Volatility

HYBL vs. HIGH - Volatility Comparison

The current volatility for SPDR Blackstone High Income ETF (HYBL) is 0.54%, while Simplify Enhanced Income ETF (HIGH) has a volatility of 1.09%. This indicates that HYBL experiences smaller price fluctuations and is considered to be less risky than HIGH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.50%1.00%1.50%2.00%2.50%JuneJulyAugustSeptemberOctoberNovember
0.54%
1.09%
HYBL
HIGH