LDRH vs. HYBL
LDRH (iShares iBonds 1-5 Year High Yield and Income Ladder ETF) and HYBL (SPDR Blackstone High Income ETF) are both High Yield Bonds funds. LDRH is passively managed, while HYBL is actively managed. Over the past year, LDRH returned 6.24% vs 5.92% for HYBL. A 0.75 correlation means they provide meaningful diversification when combined. LDRH charges 0.35%/yr vs 0.70%/yr for HYBL.
Performance
LDRH vs. HYBL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, LDRH achieves a 2.08% return, which is significantly higher than HYBL's 1.31% return.
LDRH
- 1D
- -0.16%
- 1M
- 0.44%
- YTD
- 2.08%
- 6M
- 2.37%
- 1Y
- 6.24%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYBL
- 1D
- 0.04%
- 1M
- 0.34%
- YTD
- 1.31%
- 6M
- 1.63%
- 1Y
- 5.92%
- 3Y*
- 8.64%
- 5Y*
- —
- 10Y*
- —
LDRH vs. HYBL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
LDRH iShares iBonds 1-5 Year High Yield and Income Ladder ETF | 2.08% | 7.18% | 0.21% |
HYBL SPDR Blackstone High Income ETF | 1.31% | 7.78% | 0.61% |
Correlation
The correlation between LDRH and HYBL is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2024 | 0.75 |
The correlation between LDRH and HYBL has been stable across timeframes, ranging from 0.71 to 0.75 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
LDRH vs. HYBL — Risk / Return Rank
LDRH
HYBL
LDRH vs. HYBL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 1-5 Year High Yield and Income Ladder ETF (LDRH) 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.
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.
| LDRH | HYBL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.45 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 5.09 | 2.46 | +2.63 |
| Martin ratioReturn relative to average drawdown | 21.08 | 9.03 | +12.04 |
Loading charts...
Drawdowns
LDRH vs. HYBL - Drawdown Comparison
The maximum LDRH drawdown since its inception was -3.17%, smaller than the maximum HYBL drawdown of -8.46%. Use the drawdown chart below to compare losses from any high point for LDRH and HYBL.
Loading charts...
Drawdown Indicators
| LDRH | HYBL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.17% | -8.46% | +5.29% |
Max Drawdown (1Y)Largest decline over 1 year | -1.23% | -2.41% | +1.18% |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.32% | — |
Current DrawdownCurrent decline from peak | -0.16% | -0.04% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -0.24% | -1.34% | +1.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.30% | 0.66% | -0.36% |
Volatility
LDRH vs. HYBL - Volatility Comparison
iShares iBonds 1-5 Year High Yield and Income Ladder ETF (LDRH) has a higher volatility of 0.60% compared to SPDR Blackstone High Income ETF (HYBL) at 0.52%. This indicates that LDRH'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.
Loading charts...
Volatility by Period
| LDRH | HYBL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.60% | 0.52% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 1.97% | 2.16% | -0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.61% | 2.66% | -0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.48% | 4.55% | -1.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.48% | 4.55% | -1.07% |
LDRH vs. HYBL - Expense Ratio Comparison
LDRH has a 0.35% expense ratio, which is lower than HYBL's 0.70% expense ratio.
Dividends
LDRH vs. HYBL - Dividend Comparison
LDRH's dividend yield for the trailing twelve months is around 6.98%, less than HYBL's 7.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
HYBL SPDR Blackstone High Income ETF | 7.10% | 7.22% | 7.88% | 7.93% | 5.10% |
LDRH iShares iBonds 1-5 Year High Yield and Income Ladder ETF | 6.98% | 6.41% | 1.13% | 0.00% | 0.00% |
Frequently Asked Questions
LDRH and HYBL have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LDRH has higher volatility (0.60%) compared to HYBL (0.52%). In terms of maximum drawdown, LDRH dropped -3.17% vs HYBL's -8.46%.
On 1-year performance, LDRH leads with 6.24% vs 5.92% for HYBL. On fees, LDRH is cheaper at 0.35% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, LDRH has performed better with a 6.24% return vs 5.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LDRH is cheaper with a 0.35% expense ratio, compared with 0.70% for HYBL.
HYBL has the higher dividend yield at 7.10%, compared with 6.98% for LDRH.
They also come from different issuers: iShares and State Street. Their fees differ too: 0.35% for LDRH and 0.70% for HYBL.
LDRH currently has the higher Sharpe Ratio (2.41 vs 2.24), 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.
Find the right allocation for LDRH and HYBL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer