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

IHYF vs. HYBL

Last updated May 11, 2025

Compare and contrast key facts about Invesco High Yield Bond Factor ETF (IHYF) and SPDR Blackstone High Income ETF (HYBL).

IHYF and HYBL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IHYF is an actively managed fund by Invesco. It was launched on Nov 30, 2020. HYBL is an actively managed fund by SPDR. It was launched on Feb 16, 2022.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IHYF or HYBL.

Correlation

The correlation between IHYF and HYBL 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

IHYF vs. HYBL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco High Yield Bond Factor ETF (IHYF) and SPDR Blackstone High Income ETF (HYBL). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

IHYF:

1.17

HYBL:

1.52

Sortino Ratio

IHYF:

1.55

HYBL:

2.23

Omega Ratio

IHYF:

1.26

HYBL:

1.39

Calmar Ratio

IHYF:

1.18

HYBL:

1.64

Martin Ratio

IHYF:

5.26

HYBL:

9.28

Ulcer Index

IHYF:

1.17%

HYBL:

0.77%

Daily Std Dev

IHYF:

5.51%

HYBL:

4.62%

Max Drawdown

IHYF:

-15.96%

HYBL:

-8.46%

Current Drawdown

IHYF:

-2.23%

HYBL:

-0.23%

Returns By Period

In the year-to-date period, IHYF achieves a 0.07% return, which is significantly lower than HYBL's 1.11% return.

IHYF

YTD

0.07%

1M

2.60%

6M

0.16%

1Y

6.45%

5Y*

N/A

10Y*

N/A

HYBL

YTD

1.11%

1M

3.32%

6M

1.65%

1Y

7.10%

5Y*

N/A

10Y*

N/A

*Annualized

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IHYF vs. HYBL - Expense Ratio Comparison

IHYF has a 0.39% expense ratio, which is lower than HYBL's 0.70% expense ratio.

HYBL
SPDR Blackstone High Income ETF
IHYF
Invesco High Yield Bond Factor ETF

Risk-Adjusted Performance

IHYF vs. HYBL — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IHYF
The Risk-Adjusted Performance Rank of IHYF is 8686
Overall Rank
The Sharpe Ratio Rank of IHYF is 8787
Sharpe Ratio Rank
The Sortino Ratio Rank of IHYF is 8484
Sortino Ratio Rank
The Omega Ratio Rank of IHYF is 8888
Omega Ratio Rank
The Calmar Ratio Rank of IHYF is 8686
Calmar Ratio Rank
The Martin Ratio Rank of IHYF is 8686
Martin Ratio Rank
HYBL
The Risk-Adjusted Performance Rank of HYBL is 9292
Overall Rank
The Sharpe Ratio Rank of HYBL is 9191
Sharpe Ratio Rank
The Sortino Ratio Rank of HYBL is 9292
Sortino Ratio Rank
The Omega Ratio Rank of HYBL is 9494
Omega Ratio Rank
The Calmar Ratio Rank of HYBL is 9191
Calmar Ratio Rank
The Martin Ratio Rank of HYBL is 9393
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

IHYF vs. HYBL - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco High Yield Bond Factor ETF (IHYF) and SPDR Blackstone High Income ETF (HYBL). 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.

The current IHYF Sharpe Ratio is 1.17, which is comparable to the HYBL Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of IHYF and HYBL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Dividends

IHYF vs. HYBL - Dividend Comparison

IHYF's dividend yield for the trailing twelve months is around 7.34%, less than HYBL's 7.72% yield.

TTM2024202320222021
IHYF
Invesco High Yield Bond Factor ETF		7.34%7.20%6.76%6.16%4.87%
HYBL
SPDR Blackstone High Income ETF		7.72%7.88%7.93%5.10%0.00%

Drawdowns

IHYF vs. HYBL - Drawdown Comparison

The maximum IHYF drawdown since its inception was -15.96%, which is greater than HYBL's maximum drawdown of -8.46%. Use the drawdown chart below to compare losses from any high point for IHYF and HYBL. For additional features, visit the drawdowns tool.

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Volatility

IHYF vs. HYBL - Volatility Comparison

Invesco High Yield Bond Factor ETF (IHYF) has a higher volatility of 2.41% compared to SPDR Blackstone High Income ETF (HYBL) at 2.16%. This indicates that IHYF's price experiences larger fluctuations and is considered to be riskier than HYBL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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