HYBL vs. HYGH
Compare and contrast key facts about SPDR Blackstone High Income ETF (HYBL) and iShares Interest Rate Hedged High Yield Bond ETF (HYGH).
HYBL and HYGH 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. HYGH is an actively managed fund by iShares. It was launched on May 27, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYBL or HYGH.
Key characteristics
| HYBL | HYGH | |
|---|---|---|
| YTD Return | 8.36% | 10.38% |
| 1Y Return | 13.01% | 13.82% |
| Sharpe Ratio | 4.56 | 2.89 |
| Sortino Ratio | 7.37 | 4.01 |
| Omega Ratio | 2.07 | 1.64 |
| Calmar Ratio | 10.49 | 3.59 |
| Martin Ratio | 52.52 | 28.81 |
| Ulcer Index | 0.25% | 0.47% |
| Daily Std Dev | 2.84% | 4.64% |
| Max Drawdown | -8.46% | -23.88% |
| Current Drawdown | -0.18% | -0.31% |
Correlation
The correlation between HYBL and HYGH is 0.70, 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
HYBL vs. HYGH - Performance Comparison
In the year-to-date period, HYBL achieves a 8.36% return, which is significantly lower than HYGH's 10.38% 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. HYGH - Expense Ratio Comparison
HYBL has a 0.70% expense ratio, which is higher than HYGH's 0.53% expense ratio.
Risk-Adjusted Performance
HYBL vs. HYGH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Blackstone High Income ETF (HYBL) and iShares Interest Rate Hedged High Yield Bond ETF (HYGH). 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. HYGH - Dividend Comparison
HYBL's dividend yield for the trailing twelve months is around 8.19%, which matches HYGH's 8.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
HYBL SPDR Blackstone High Income ETF | 8.19% | 7.93% | 5.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HYGH iShares Interest Rate Hedged High Yield Bond ETF | 8.18% | 8.95% | 6.21% | 3.74% | 4.06% | 4.89% | 6.45% | 4.79% | 4.59% | 5.74% | 3.62% |
Drawdowns
HYBL vs. HYGH - Drawdown Comparison
The maximum HYBL drawdown since its inception was -8.46%, smaller than the maximum HYGH drawdown of -23.88%. Use the drawdown chart below to compare losses from any high point for HYBL and HYGH. For additional features, visit the drawdowns tool.
Volatility
HYBL vs. HYGH - Volatility Comparison
The current volatility for SPDR Blackstone High Income ETF (HYBL) is 0.59%, while iShares Interest Rate Hedged High Yield Bond ETF (HYGH) has a volatility of 1.12%. This indicates that HYBL experiences smaller price fluctuations and is considered to be less risky than HYGH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.