HYBL vs. QQQI
Compare and contrast key facts about SPDR Blackstone High Income ETF (HYBL) and NEOS Nasdaq 100 High Income ETF (QQQI).
HYBL and QQQI 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. QQQI is an actively managed fund by Neos. It was launched on Jan 30, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYBL or QQQI.
Correlation
The correlation between HYBL and QQQI is 0.65, 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. QQQI - Performance Comparison
Key characteristics
HYBL:
1.56
QQQI:
0.57
HYBL:
2.26
QQQI:
0.94
HYBL:
1.40
QQQI:
1.14
HYBL:
1.68
QQQI:
0.61
HYBL:
9.66
QQQI:
2.37
HYBL:
0.75%
QQQI:
5.12%
HYBL:
4.63%
QQQI:
21.34%
HYBL:
-8.46%
QQQI:
-20.00%
HYBL:
-0.92%
QQQI:
-9.83%
Returns By Period
In the year-to-date period, HYBL achieves a 0.41% return, which is significantly higher than QQQI's -5.24% return.
HYBL
0.41%
0.06%
1.66%
7.34%
N/A
N/A
QQQI
-5.24%
0.99%
-1.43%
10.64%
N/A
N/A
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HYBL vs. QQQI - Expense Ratio Comparison
HYBL has a 0.70% expense ratio, which is higher than QQQI's 0.68% expense ratio.
Risk-Adjusted Performance
HYBL vs. QQQI — Risk-Adjusted Performance Rank
HYBL
QQQI
HYBL vs. QQQI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Blackstone High Income ETF (HYBL) and NEOS Nasdaq 100 High Income ETF (QQQI). 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. QQQI - Dividend Comparison
HYBL's dividend yield for the trailing twelve months is around 7.82%, less than QQQI's 15.42% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
HYBL SPDR Blackstone High Income ETF | 7.82% | 7.88% | 7.93% | 5.10% |
QQQI NEOS Nasdaq 100 High Income ETF | 15.42% | 12.85% | 0.00% | 0.00% |
Drawdowns
HYBL vs. QQQI - Drawdown Comparison
The maximum HYBL drawdown since its inception was -8.46%, smaller than the maximum QQQI drawdown of -20.00%. Use the drawdown chart below to compare losses from any high point for HYBL and QQQI. For additional features, visit the drawdowns tool.
Volatility
HYBL vs. QQQI - Volatility Comparison
The current volatility for SPDR Blackstone High Income ETF (HYBL) is 3.88%, while NEOS Nasdaq 100 High Income ETF (QQQI) has a volatility of 15.20%. This indicates that HYBL experiences smaller price fluctuations and is considered to be less risky than QQQI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.