HYBL vs. SEIX
HYBL (State Street Blackstone High Income ETF) and SEIX (Virtus Seix Senior Loan ETF) are both exchange-traded funds - HYBL is a High Yield Bonds fund actively managed by State Street, while SEIX is a Bank Loan fund actively managed by Virtus. Both are actively managed. Over the past 3 years, HYBL returned 8.31%/yr vs 7.18%/yr for SEIX. Their 0.33 correlation means their historical movements had little consistent relationship. HYBL charges 0.70%/yr vs 0.57%/yr for SEIX.
Performance
HYBL vs. SEIX - Performance Comparison
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Returns By Period
In the year-to-date period, HYBL achieves a 1.89% return, which is significantly lower than SEIX's 3.10% return.
HYBL
- 1D
- 0.11%
- 1M
- 0.63%
- 6M
- 1.55%
- YTD
- 1.89%
- 1Y
- 5.35%
- 3Y*
- 8.31%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.64%
SEIX
- 1D
- 0.15%
- 1M
- 0.83%
- 6M
- 3.15%
- YTD
- 3.10%
- 1Y
- 5.59%
- 3Y*
- 7.18%
- 5Y*
- 5.79%
- 10Y*
- —
- ALL TIME*
- 5.36%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.24M | $2.71M | $2.98M | |
| $1.85M | $1.52M | $1.74M |
HYBL vs. SEIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HYBL State Street Blackstone High Income ETF | 1.89% | 7.78% | 9.12% | 11.86% | -4.72% |
SEIX Virtus Seix Senior Loan ETF | 3.10% | 5.10% | 8.42% | 12.51% | -1.70% |
Correlation
The correlation between HYBL and SEIX is 0.44, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.44 |
Correlation (3Y) Balances recent behavior with more history. | 0.31 |
Correlation (All Time) Calculated using the full available price history since Feb 17, 2022 | 0.33 |
The correlation between HYBL and SEIX shifts across timeframes, from 0.31 (3 years) to 0.44 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HYBL vs. SEIX — Risk / Return Rank
HYBL
SEIX
HYBL vs. SEIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Blackstone High Income ETF (HYBL) and Virtus Seix Senior Loan ETF (SEIX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HYBL | SEIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.41 | ||
| Sortino ratioReturn per unit of downside risk | -2.41 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.76 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | 4.97 | -2.74 |
| Martin ratioReturn relative to average drawdown | 8.15 | 19.73 | -11.57 |
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Drawdowns
HYBL vs. SEIX - Drawdown Comparison
The maximum HYBL drawdown since its inception was -8.46%, smaller than the maximum SEIX drawdown of -17.51%. Use the drawdown chart below to compare losses from any high point for HYBL and SEIX.
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Drawdown Indicators
| HYBL | SEIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.46% | -17.51% | +9.05% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -1.13% | -1.28% |
Max Drawdown (3Y)Largest decline over 3 years | -4.32% | -3.01% | -1.31% |
Max Drawdown (5Y)Largest decline over 5 years | — | -6.69% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.04% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -1.31% | -0.85% | -0.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 0.28% | +0.38% |
Volatility
HYBL vs. SEIX - Volatility Comparison
State Street Blackstone High Income ETF (HYBL) and Virtus Seix Senior Loan ETF (SEIX) have volatilities of 0.45% and 0.44%, 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.
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Volatility by Period
| HYBL | SEIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.45% | 0.44% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.10% | 1.32% | +0.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.63% | 1.63% | +1.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.50% | 2.92% | +1.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.50% | 4.29% | +0.21% |
HYBL vs. SEIX - Expense Ratio Comparison
HYBL has a 0.70% expense ratio, which is higher than SEIX's 0.57% expense ratio.
Dividends
HYBL vs. SEIX - Dividend Comparison
HYBL's dividend yield for the trailing twelve months is around 7.05%, less than SEIX's 7.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
HYBL State Street Blackstone High Income ETF | 7.05% | 7.22% | 7.88% | 7.93% | 5.10% | 0.00% | 0.00% | 0.00% |
SEIX Virtus Seix Senior Loan ETF | 7.15% | 7.52% | 8.09% | 8.74% | 5.76% | 4.16% | 3.75% | 3.82% |
Frequently Asked Questions
HYBL and SEIX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HYBL has higher volatility (0.45%) compared to SEIX (0.44%). In terms of maximum drawdown, HYBL dropped -8.46% vs SEIX's -17.51%.
On 3-year performance, HYBL leads with 8.31% vs 7.18% for SEIX. On fees, SEIX is cheaper at 0.57% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, HYBL has performed better with a 8.31% return vs 7.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SEIX is cheaper with a 0.57% expense ratio, compared with 0.70% for HYBL.
SEIX has the higher dividend yield at 7.15%, compared with 7.05% for HYBL.
HYBL is categorized as High Yield Bonds, while SEIX is Bank Loan. They also come from different issuers: State Street and Virtus. Their fees differ too: 0.70% for HYBL and 0.57% for SEIX.
SEIX currently has the higher Sharpe Ratio (3.45 vs 2.05), 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.
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