HYBL vs. SPY
Compare and contrast key facts about SPDR Blackstone High Income ETF (HYBL) and SPDR S&P 500 ETF (SPY).
HYBL and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYBL or SPY.
Key characteristics
| HYBL | SPY | |
|---|---|---|
| YTD Return | 8.51% | 27.16% |
| 1Y Return | 13.13% | 37.73% |
| Sharpe Ratio | 4.66 | 3.25 |
| Sortino Ratio | 7.53 | 4.32 |
| Omega Ratio | 2.10 | 1.61 |
| Calmar Ratio | 10.68 | 4.74 |
| Martin Ratio | 53.54 | 21.51 |
| Ulcer Index | 0.25% | 1.85% |
| Daily Std Dev | 2.84% | 12.20% |
| Max Drawdown | -8.46% | -55.19% |
| Current Drawdown | -0.04% | 0.00% |
Correlation
The correlation between HYBL and SPY is 0.68, 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. SPY - Performance Comparison
In the year-to-date period, HYBL achieves a 8.51% return, which is significantly lower than SPY's 27.16% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
HYBL vs. SPY - Expense Ratio Comparison
HYBL has a 0.70% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
HYBL vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Blackstone High Income ETF (HYBL) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
HYBL's dividend yield for the trailing twelve months is around 8.18%, more than SPY's 1.17% 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% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
HYBL vs. SPY - Drawdown Comparison
The maximum HYBL drawdown since its inception was -8.46%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for HYBL and SPY. For additional features, visit the drawdowns tool.
Volatility
HYBL vs. SPY - Volatility Comparison
The current volatility for SPDR Blackstone High Income ETF (HYBL) is 0.56%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.92%. This indicates that HYBL experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.