HYBL vs. HIGH
Compare and contrast key facts about SPDR Blackstone High Income ETF (HYBL) and Simplify Enhanced Income ETF (HIGH).
HYBL and HIGH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYBL is an actively managed fund by SPDR. It was launched on Feb 16, 2022. HIGH is an actively managed fund by Simplify Asset Management Inc.. It was launched on Oct 27, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYBL or HIGH.
Key characteristics
| HYBL | HIGH | |
|---|---|---|
| YTD Return | 8.51% | 2.75% |
| 1Y Return | 13.13% | 3.58% |
| Sharpe Ratio | 4.66 | 1.10 |
| Sortino Ratio | 7.53 | 1.46 |
| Omega Ratio | 2.10 | 1.28 |
| Calmar Ratio | 10.68 | 1.06 |
| Martin Ratio | 53.54 | 3.04 |
| Ulcer Index | 0.25% | 1.18% |
| Daily Std Dev | 2.84% | 3.27% |
| Max Drawdown | -8.46% | -3.39% |
| Current Drawdown | -0.04% | -1.09% |
Correlation
The correlation between HYBL and HIGH is 0.12, 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.
Performance
HYBL vs. HIGH - Performance Comparison
In the year-to-date period, HYBL achieves a 8.51% return, which is significantly higher than HIGH's 2.75% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
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.
Dividends
HYBL vs. HIGH - Dividend Comparison
HYBL's dividend yield for the trailing twelve months is around 8.18%, less than HIGH's 8.82% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
HYBL SPDR Blackstone High Income ETF | 8.18% | 7.93% | 5.10% |
HIGH Simplify Enhanced Income ETF | 8.82% | 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.
Volatility
HYBL vs. HIGH - Volatility Comparison
The current volatility for SPDR Blackstone High Income ETF (HYBL) is 0.56%, while Simplify Enhanced Income ETF (HIGH) has a volatility of 0.69%. 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.