HYBL vs. SPHY
Compare and contrast key facts about SPDR Blackstone High Income ETF (HYBL) and SPDR Portfolio High Yield Bond ETF (SPHY).
HYBL and SPHY 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. SPHY is a passively managed fund by State Street that tracks the performance of the ICE BofAML US High Yield Index. It was launched on Jun 18, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYBL or SPHY.
Performance
HYBL vs. SPHY - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with HYBL having a 8.62% return and SPHY slightly lower at 8.54%.
HYBL
8.62%
0.72%
5.34%
12.30%
N/A
N/A
SPHY
8.54%
0.57%
6.34%
13.35%
4.91%
4.62%
Key characteristics
| HYBL | SPHY | |
|---|---|---|
| Sharpe Ratio | 4.38 | 3.05 |
| Sortino Ratio | 6.95 | 4.81 |
| Omega Ratio | 2.01 | 1.61 |
| Calmar Ratio | 9.85 | 3.75 |
| Martin Ratio | 49.24 | 24.03 |
| Ulcer Index | 0.25% | 0.56% |
| Daily Std Dev | 2.78% | 4.40% |
| Max Drawdown | -8.46% | -21.97% |
| Current Drawdown | 0.00% | -0.42% |
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HYBL vs. SPHY - Expense Ratio Comparison
HYBL has a 0.70% expense ratio, which is higher than SPHY's 0.10% expense ratio.
Correlation
The correlation between HYBL and SPHY is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
HYBL vs. SPHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Blackstone High Income ETF (HYBL) and SPDR Portfolio High Yield Bond ETF (SPHY). 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. SPHY - Dividend Comparison
HYBL's dividend yield for the trailing twelve months is around 8.17%, more than SPHY's 7.77% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYBL SPDR Blackstone High Income ETF | 8.17% | 7.93% | 5.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPHY SPDR Portfolio High Yield Bond ETF | 7.77% | 7.30% | 6.46% | 5.13% | 5.63% | 5.73% | 4.09% | 4.41% | 4.28% | 4.29% | 3.98% | 4.40% |
Drawdowns
HYBL vs. SPHY - Drawdown Comparison
The maximum HYBL drawdown since its inception was -8.46%, smaller than the maximum SPHY drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for HYBL and SPHY. For additional features, visit the drawdowns tool.
Volatility
HYBL vs. SPHY - Volatility Comparison
The current volatility for SPDR Blackstone High Income ETF (HYBL) is 0.60%, while SPDR Portfolio High Yield Bond ETF (SPHY) has a volatility of 1.02%. This indicates that HYBL experiences smaller price fluctuations and is considered to be less risky than SPHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.