HYBL vs. PBDC
Compare and contrast key facts about SPDR Blackstone High Income ETF (HYBL) and Putnam BDC Income ETF (PBDC).
HYBL and PBDC 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. PBDC is an actively managed fund by Putnam. It was launched on Sep 29, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYBL or PBDC.
Key characteristics
| HYBL | PBDC | |
|---|---|---|
| YTD Return | 7.00% | 10.74% |
| 1Y Return | 11.85% | 16.87% |
| Sharpe Ratio | 3.70 | 1.46 |
| Daily Std Dev | 3.23% | 12.00% |
| Max Drawdown | -8.46% | -10.57% |
| Current Drawdown | 0.00% | -3.09% |
Correlation
The correlation between HYBL and PBDC is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
HYBL vs. PBDC - Performance Comparison
In the year-to-date period, HYBL achieves a 7.00% return, which is significantly lower than PBDC's 10.74% 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. PBDC - Expense Ratio Comparison
HYBL has a 0.70% expense ratio, which is lower than PBDC's 6.79% expense ratio.
Risk-Adjusted Performance
HYBL vs. PBDC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Blackstone High Income ETF (HYBL) and Putnam BDC Income ETF (PBDC). 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. PBDC - Dividend Comparison
HYBL's dividend yield for the trailing twelve months is around 8.22%, less than PBDC's 9.49% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
HYBL SPDR Blackstone High Income ETF | 8.22% | 7.93% | 5.10% |
PBDC Putnam BDC Income ETF | 9.49% | 9.84% | 3.40% |
Drawdowns
HYBL vs. PBDC - Drawdown Comparison
The maximum HYBL drawdown since its inception was -8.46%, smaller than the maximum PBDC drawdown of -10.57%. Use the drawdown chart below to compare losses from any high point for HYBL and PBDC. For additional features, visit the drawdowns tool.
Volatility
HYBL vs. PBDC - Volatility Comparison
The current volatility for SPDR Blackstone High Income ETF (HYBL) is 0.53%, while Putnam BDC Income ETF (PBDC) has a volatility of 2.64%. This indicates that HYBL experiences smaller price fluctuations and is considered to be less risky than PBDC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.