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HYBL vs. SRLN
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


HYBLSRLN
YTD Return8.51%7.68%
1Y Return13.13%10.21%
Sharpe Ratio4.665.45
Sortino Ratio7.538.39
Omega Ratio2.102.60
Calmar Ratio10.687.53
Martin Ratio53.5462.50
Ulcer Index0.25%0.16%
Daily Std Dev2.84%1.89%
Max Drawdown-8.46%-22.29%
Current Drawdown-0.04%0.00%

Correlation

-0.50.00.51.00.7

The correlation between HYBL and SRLN is 0.67, 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. SRLN - Performance Comparison

In the year-to-date period, HYBL achieves a 8.51% return, which is significantly higher than SRLN's 7.68% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%1.00%2.00%3.00%4.00%5.00%JuneJulyAugustSeptemberOctoberNovember
5.43%
4.52%
HYBL
SRLN

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HYBL vs. SRLN - Expense Ratio Comparison

Both HYBL and SRLN have an expense ratio of 0.70%.


HYBL
SPDR Blackstone High Income ETF
Expense ratio chart for HYBL: current value at 0.70% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.70%
Expense ratio chart for SRLN: current value at 0.70% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.70%

Risk-Adjusted Performance

HYBL vs. SRLN - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Blackstone High Income ETF (HYBL) and SPDR Blackstone Senior Loan ETF (SRLN). 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.


HYBL
Sharpe ratio
The chart of Sharpe ratio for HYBL, currently valued at 4.66, compared to the broader market-2.000.002.004.006.004.66
Sortino ratio
The chart of Sortino ratio for HYBL, currently valued at 7.53, compared to the broader market0.005.0010.007.53
Omega ratio
The chart of Omega ratio for HYBL, currently valued at 2.10, compared to the broader market1.001.502.002.503.002.10
Calmar ratio
The chart of Calmar ratio for HYBL, currently valued at 10.68, compared to the broader market0.005.0010.0015.0010.68
Martin ratio
The chart of Martin ratio for HYBL, currently valued at 53.54, compared to the broader market0.0020.0040.0060.0080.00100.00120.0053.54
SRLN
Sharpe ratio
The chart of Sharpe ratio for SRLN, currently valued at 5.45, compared to the broader market-2.000.002.004.006.005.45
Sortino ratio
The chart of Sortino ratio for SRLN, currently valued at 8.39, compared to the broader market0.005.0010.008.39
Omega ratio
The chart of Omega ratio for SRLN, currently valued at 2.60, compared to the broader market1.001.502.002.503.002.60
Calmar ratio
The chart of Calmar ratio for SRLN, currently valued at 7.53, compared to the broader market0.005.0010.0015.007.53
Martin ratio
The chart of Martin ratio for SRLN, currently valued at 62.50, compared to the broader market0.0020.0040.0060.0080.00100.00120.0062.50

HYBL vs. SRLN - Sharpe Ratio Comparison

The current HYBL Sharpe Ratio is 4.66, which is comparable to the SRLN Sharpe Ratio of 5.45. The chart below compares the historical Sharpe Ratios of HYBL and SRLN, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio3.004.005.006.007.00JuneJulyAugustSeptemberOctoberNovember
4.66
5.45
HYBL
SRLN

Dividends

HYBL vs. SRLN - Dividend Comparison

HYBL's dividend yield for the trailing twelve months is around 8.18%, less than SRLN's 8.83% yield.


TTM20232022202120202019201820172016201520142013
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%
SRLN
SPDR Blackstone Senior Loan ETF
8.83%8.44%5.72%4.45%4.91%5.39%4.98%4.01%3.94%4.43%3.66%1.91%

Drawdowns

HYBL vs. SRLN - Drawdown Comparison

The maximum HYBL drawdown since its inception was -8.46%, smaller than the maximum SRLN drawdown of -22.29%. Use the drawdown chart below to compare losses from any high point for HYBL and SRLN. For additional features, visit the drawdowns tool.


-1.40%-1.20%-1.00%-0.80%-0.60%-0.40%-0.20%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.04%
0
HYBL
SRLN

Volatility

HYBL vs. SRLN - Volatility Comparison

SPDR Blackstone High Income ETF (HYBL) has a higher volatility of 0.56% compared to SPDR Blackstone Senior Loan ETF (SRLN) at 0.53%. This indicates that HYBL's price experiences larger fluctuations and is considered to be riskier than SRLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.20%0.40%0.60%0.80%1.00%1.20%JuneJulyAugustSeptemberOctoberNovember
0.56%
0.53%
HYBL
SRLN