HYBL vs. XLE
HYBL (State Street Blackstone High Income ETF) and XLE (State Street Energy Select Sector SPDR ETF) are both exchange-traded funds - HYBL is a High Yield Bonds fund actively managed by State Street, while XLE is a Energy Equities fund tracking the Energy Select Sector Index. HYBL is actively managed, while XLE is passively managed. Over the past 3 years, HYBL returned 8.31%/yr vs 14.20%/yr for XLE. Their 0.23 correlation means their historical movements had little consistent relationship. HYBL charges 0.70%/yr vs 0.08%/yr for XLE.
Performance
HYBL vs. XLE - 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 XLE's 33.31% 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%
XLE
- 1D
- -1.28%
- 1M
- 10.47%
- 6M
- 19.08%
- YTD
- 33.31%
- 1Y
- 41.66%
- 3Y*
- 14.20%
- 5Y*
- 23.80%
- 10Y*
- 10.08%
- ALL TIME*
- 8.81%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.24M | $2.71M | $2.98M | |
| $1.70B | $1.73B | $1.97B |
HYBL vs. XLE - 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% |
XLE State Street Energy Select Sector SPDR ETF | 33.31% | 7.88% | 5.56% | -0.63% | 32.98% |
Correlation
The correlation between HYBL and XLE is -0.12, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.12 |
Correlation (3Y) Balances recent behavior with more history. | 0.13 |
Correlation (All Time) Calculated using the full available price history since Feb 17, 2022 | 0.23 |
The correlation between HYBL and XLE shifts across timeframes, from -0.12 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HYBL vs. XLE — Risk / Return Rank
HYBL
XLE
HYBL vs. XLE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Blackstone High Income ETF (HYBL) and State Street Energy Select Sector SPDR ETF (XLE). 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 | XLE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.32 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | 2.79 | -0.57 |
| Martin ratioReturn relative to average drawdown | 8.15 | 7.45 | +0.70 |
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Drawdowns
HYBL vs. XLE - Drawdown Comparison
The maximum HYBL drawdown since its inception was -8.46%, smaller than the maximum XLE drawdown of -71.26%. Use the drawdown chart below to compare losses from any high point for HYBL and XLE.
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Drawdown Indicators
| HYBL | XLE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.46% | -71.26% | +62.80% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -14.98% | +12.57% |
Max Drawdown (3Y)Largest decline over 3 years | -4.32% | -20.14% | +15.82% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.04% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -66.81% | — |
Current DrawdownCurrent decline from peak | 0.00% | -5.35% | +5.35% |
Average DrawdownAverage peak-to-trough decline | -1.31% | -17.93% | +16.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 5.60% | -4.94% |
Volatility
HYBL vs. XLE - Volatility Comparison
The current volatility for State Street Blackstone High Income ETF (HYBL) is 0.45%, while State Street Energy Select Sector SPDR ETF (XLE) has a volatility of 6.13%. This indicates that HYBL experiences smaller price fluctuations and is considered to be less risky than XLE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYBL | XLE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.45% | 6.13% | -5.68% |
Volatility (6M)Calculated over the trailing 6-month period | 2.10% | 16.74% | -14.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.63% | 21.04% | -18.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.50% | 25.77% | -21.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.50% | 29.58% | -25.08% |
HYBL vs. XLE - Expense Ratio Comparison
HYBL has a 0.70% expense ratio, which is higher than XLE's 0.08% expense ratio.
Dividends
HYBL vs. XLE - Dividend Comparison
HYBL's dividend yield for the trailing twelve months is around 7.05%, more than XLE's 2.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYBL State Street Blackstone High Income ETF | 7.05% | 7.22% | 7.88% | 7.93% | 5.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLE State Street Energy Select Sector SPDR ETF | 2.58% | 3.28% | 3.36% | 3.55% | 3.68% | 4.21% | 5.62% | 6.72% | 3.54% | 3.03% | 2.26% | 3.39% |
Frequently Asked Questions
HYBL and XLE have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XLE has higher volatility (6.13%) compared to HYBL (0.45%). In terms of maximum drawdown, HYBL dropped -8.46% vs XLE's -71.26%.
On 3-year performance, XLE leads with 14.20% vs 8.31% for HYBL. On fees, XLE is cheaper at 0.08% per year. On volatility, HYBL has been the lower-risk option at 0.45%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, XLE has performed better with a 14.20% return vs 8.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XLE is cheaper with a 0.08% expense ratio, compared with 0.70% for HYBL.
HYBL has the higher dividend yield at 7.05%, compared with 2.58% for XLE.
HYBL is categorized as High Yield Bonds, while XLE is Energy Equities. Their fees differ too: 0.70% for HYBL and 0.08% for XLE.
HYBL currently has the higher Sharpe Ratio (2.05 vs 1.99), 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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