HYBL vs. LDRH

Last updated Jun 4, 2026

HYBL (SPDR Blackstone High Income ETF) and LDRH (iShares iBonds 1-5 Year High Yield and Income Ladder ETF) are both High Yield Bonds funds. HYBL is actively managed, while LDRH is passively managed. Over the past year, HYBL returned 6.35% vs 6.43% for LDRH. A 0.75 correlation means they provide meaningful diversification when combined. HYBL charges 0.70%/yr vs 0.35%/yr for LDRH.

Performance

HYBL vs. LDRH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Blackstone High Income ETF (HYBL) and iShares iBonds 1-5 Year High Yield and Income Ladder ETF (LDRH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HYBL achieves a 1.11% return, which is significantly lower than LDRH's 1.79% return.

HYBL

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

LDRH

• 1D: -0.20%
• 1M: 0.18%
• YTD: 1.79%
• 6M: 2.28%
• 1Y: 6.43%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HYBL vs. LDRH - Yearly Performance Comparison

	2026 (YTD)	2025	2024
HYBL SPDR Blackstone High Income ETF	1.11%	7.78%	0.54%
LDRH iShares iBonds 1-5 Year High Yield and Income Ladder ETF	1.79%	7.18%	0.21%

Correlation

The correlation between HYBL and LDRH is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.72
Correlation (All Time) Calculated using the full available price history since Nov 11, 2024	0.75

The correlation between HYBL and LDRH has been stable across timeframes, ranging from 0.72 to 0.75 - a consistent structural relationship.

Return for Risk

HYBL vs. LDRH — 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

LDRH

LDRH Risk / Return Rank: 85
LDRH Sharpe Ratio Rank: 76
LDRH Sortino Ratio Rank: 87
LDRH Omega Ratio Rank: 81
LDRH Calmar Ratio Rank: 88
LDRH Martin Ratio Rank: 91

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. LDRH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Blackstone High Income ETF (HYBL) and iShares iBonds 1-5 Year High Yield and Income Ladder ETF (LDRH). 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	LDRH	Difference
Sharpe ratio: Return per unit of total volatility	2.40	2.48	-0.08
Sortino ratio: Return per unit of downside risk	3.66	3.99	-0.34
Omega ratio: Gain probability vs. loss probability	1.48	1.49	0.00
Calmar ratio: Return relative to maximum drawdown	2.64	5.24	-2.60
Martin ratio: Return relative to average drawdown	9.71	21.81	-12.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HYBL vs. LDRH - Sharpe Ratio Comparison

The current HYBL Sharpe Ratio is 2.40, which is comparable to the LDRH Sharpe Ratio of 2.48. The chart below compares the historical Sharpe Ratios of HYBL and LDRH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HYBL	LDRH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.40	2.48	-0.08
Sharpe Ratio (All Time) Calculated using the full available price history	1.25	1.69	-0.44

Drawdowns

HYBL vs. LDRH - Drawdown Comparison

The maximum HYBL drawdown since its inception was -8.46%, which is greater than LDRH's maximum drawdown of -3.17%. Use the drawdown chart below to compare losses from any high point for HYBL and LDRH.

Drawdown Indicators

	HYBL	LDRH	Difference
Max Drawdown Largest peak-to-trough decline	-8.46%	-3.17%	-5.29%
Max Drawdown (1Y) Largest decline over 1 year	-2.41%	-1.23%	-1.18%
Max Drawdown (3Y) Largest decline over 3 years	-4.32%	—	—
Current Drawdown Current decline from peak	-0.20%	-0.20%	0.00%
Average Drawdown Average peak-to-trough decline	-1.35%	-0.24%	-1.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.66%	0.30%	+0.36%

Volatility

HYBL vs. LDRH - Volatility Comparison

SPDR Blackstone High Income ETF (HYBL) and iShares iBonds 1-5 Year High Yield and Income Ladder ETF (LDRH) have volatilities of 0.68% and 0.69%, 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.

Volatility by Period

	HYBL	LDRH	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.68%	0.69%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	2.14%	1.97%	+0.17%
Volatility (1Y) Calculated over the trailing 1-year period	2.66%	2.61%	+0.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.57%	3.52%	+1.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.57%	3.52%	+1.05%

HYBL vs. LDRH - Expense Ratio Comparison

HYBL has a 0.70% expense ratio, which is higher than LDRH's 0.35% expense ratio.

Dividends

HYBL vs. LDRH - Dividend Comparison

HYBL's dividend yield for the trailing twelve months is around 7.12%, more than LDRH's 7.00% yield.

Position	TTM	2025	2024	2023	2022
HYBL SPDR Blackstone High Income ETF	7.12%	7.22%	7.88%	7.93%	5.10%
LDRH iShares iBonds 1-5 Year High Yield and Income Ladder ETF	7.00%	6.41%	1.13%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HYBL and LDRH in my portfolio?

HYBL and LDRH have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HYBL or LDRH?

LDRH has higher volatility (0.69%) compared to HYBL (0.68%). In terms of maximum drawdown, HYBL dropped -8.46% vs LDRH's -3.17%.

Which ETF is better, HYBL or LDRH?

On 1-year performance, LDRH leads with 6.43% vs 6.35% for HYBL. On fees, LDRH is cheaper at 0.35% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HYBL or LDRH?

Over the 1-year period, LDRH has performed better with a 6.43% return vs 6.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HYBL or LDRH?

LDRH is cheaper with a 0.35% expense ratio, compared with 0.70% for HYBL.

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

HYBL has the higher dividend yield at 7.12%, compared with 7.00% for LDRH.

What is the main difference between HYBL and LDRH?

They also come from different issuers: State Street and iShares. Their fees differ too: 0.70% for HYBL and 0.35% for LDRH.

Which has better risk-adjusted returns?

LDRH currently has the higher Sharpe Ratio (2.48 vs 2.40), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.