IQHI vs. HYBL
Compare and contrast key facts about IQ MacKay ESG High Income ETF (IQHI) and SPDR Blackstone High Income ETF (HYBL).
IQHI and HYBL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IQHI is an actively managed fund by IndexIQ. It was launched on Oct 24, 2022. 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: IQHI or HYBL.
Key characteristics
| IQHI | HYBL | |
|---|---|---|
| YTD Return | 7.27% | 8.55% |
| 1Y Return | 14.32% | 13.25% |
| Sharpe Ratio | 3.06 | 4.56 |
| Sortino Ratio | 4.97 | 7.35 |
| Omega Ratio | 1.72 | 2.07 |
| Calmar Ratio | 7.12 | 10.52 |
| Martin Ratio | 24.55 | 52.71 |
| Ulcer Index | 0.56% | 0.25% |
| Daily Std Dev | 4.46% | 2.85% |
| Max Drawdown | -4.19% | -8.46% |
| Current Drawdown | -0.04% | 0.00% |
Correlation
The correlation between IQHI and HYBL is 0.66, 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
IQHI vs. HYBL - Performance Comparison
In the year-to-date period, IQHI achieves a 7.27% return, which is significantly lower than HYBL's 8.55% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IQHI vs. HYBL - Expense Ratio Comparison
IQHI has a 0.40% expense ratio, which is lower than HYBL's 0.70% expense ratio.
Risk-Adjusted Performance
IQHI vs. HYBL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for IQ MacKay ESG High Income ETF (IQHI) 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.
Dividends
IQHI vs. HYBL - Dividend Comparison
IQHI's dividend yield for the trailing twelve months is around 7.35%, less than HYBL's 8.18% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
IQHI IQ MacKay ESG High Income ETF | 7.35% | 6.91% | 1.28% |
HYBL SPDR Blackstone High Income ETF | 8.18% | 7.93% | 5.10% |
Drawdowns
IQHI vs. HYBL - Drawdown Comparison
The maximum IQHI drawdown since its inception was -4.19%, smaller than the maximum HYBL drawdown of -8.46%. Use the drawdown chart below to compare losses from any high point for IQHI and HYBL. For additional features, visit the drawdowns tool.
Volatility
IQHI vs. HYBL - Volatility Comparison
IQ MacKay ESG High Income ETF (IQHI) and SPDR Blackstone High Income ETF (HYBL) have volatilities of 0.60% and 0.60%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.