HYBL vs. SPHD
Compare and contrast key facts about SPDR Blackstone High Income ETF (HYBL) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD).
HYBL and SPHD 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. SPHD is a passively managed fund by Invesco that tracks the performance of the S&P Low Volatility High Dividend index. It was launched on Oct 18, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYBL or SPHD.
Key characteristics
| HYBL | SPHD | |
|---|---|---|
| YTD Return | 8.51% | 22.79% |
| 1Y Return | 13.13% | 36.05% |
| Sharpe Ratio | 4.66 | 3.22 |
| Sortino Ratio | 7.53 | 4.65 |
| Omega Ratio | 2.10 | 1.60 |
| Calmar Ratio | 10.68 | 2.17 |
| Martin Ratio | 53.54 | 23.09 |
| Ulcer Index | 0.25% | 1.60% |
| Daily Std Dev | 2.84% | 11.50% |
| Max Drawdown | -8.46% | -41.39% |
| Current Drawdown | -0.04% | -0.82% |
Correlation
The correlation between HYBL and SPHD is 0.54, 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. SPHD - Performance Comparison
In the year-to-date period, HYBL achieves a 8.51% return, which is significantly lower than SPHD's 22.79% 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. SPHD - Expense Ratio Comparison
HYBL has a 0.70% expense ratio, which is higher than SPHD's 0.30% expense ratio.
Risk-Adjusted Performance
HYBL vs. SPHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Blackstone High Income ETF (HYBL) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD). 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. SPHD - Dividend Comparison
HYBL's dividend yield for the trailing twelve months is around 8.18%, more than SPHD's 3.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYBL SPDR Blackstone High Income ETF | 8.18% | 7.93% | 5.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 3.37% | 4.48% | 3.89% | 3.46% | 4.89% | 4.07% | 4.40% | 3.14% | 3.83% | 3.49% | 3.24% | 3.68% |
Drawdowns
HYBL vs. SPHD - Drawdown Comparison
The maximum HYBL drawdown since its inception was -8.46%, smaller than the maximum SPHD drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for HYBL and SPHD. For additional features, visit the drawdowns tool.
Volatility
HYBL vs. SPHD - Volatility Comparison
The current volatility for SPDR Blackstone High Income ETF (HYBL) is 0.56%, while Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) has a volatility of 2.68%. This indicates that HYBL experiences smaller price fluctuations and is considered to be less risky than SPHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.