Correlation
The correlation between PHYD and HYBL is 0.61, 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.
PHYD vs. HYBL
Compare and contrast key facts about Putnam ESG High Yield ETF - (PHYD) and SPDR Blackstone High Income ETF (HYBL).
PHYD and HYBL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PHYD is an actively managed fund by Putnam. It was launched on Jan 19, 2023. 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: PHYD or HYBL.
Performance
PHYD vs. HYBL - Performance Comparison
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Key characteristics
PHYD:
1.85
HYBL:
1.85
PHYD:
2.77
HYBL:
2.66
PHYD:
1.42
HYBL:
1.48
PHYD:
2.17
HYBL:
1.98
PHYD:
12.67
HYBL:
11.25
PHYD:
0.71%
HYBL:
0.76%
PHYD:
5.05%
HYBL:
4.68%
PHYD:
-4.33%
HYBL:
-8.46%
PHYD:
0.00%
HYBL:
-0.07%
Returns By Period
In the year-to-date period, PHYD achieves a 3.07% return, which is significantly higher than HYBL's 2.37% return.
PHYD
3.07%
1.78%
2.62%
8.69%
N/A
N/A
N/A
HYBL
2.37%
1.98%
2.35%
8.39%
7.26%
N/A
N/A
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PHYD vs. HYBL - Expense Ratio Comparison
PHYD has a 0.55% expense ratio, which is lower than HYBL's 0.70% expense ratio.
Risk-Adjusted Performance
PHYD vs. HYBL — Risk-Adjusted Performance Rank
PHYD
HYBL
PHYD vs. HYBL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam ESG High Yield ETF - (PHYD) 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.
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Dividends
PHYD vs. HYBL - Dividend Comparison
PHYD's dividend yield for the trailing twelve months is around 6.41%, less than HYBL's 7.63% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
PHYD Putnam ESG High Yield ETF - | 6.41% | 6.80% | 6.15% | 0.00% |
HYBL SPDR Blackstone High Income ETF | 7.63% | 7.88% | 7.93% | 5.10% |
Drawdowns
PHYD vs. HYBL - Drawdown Comparison
The maximum PHYD drawdown since its inception was -4.33%, smaller than the maximum HYBL drawdown of -8.46%. Use the drawdown chart below to compare losses from any high point for PHYD and HYBL.
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Volatility
PHYD vs. HYBL - Volatility Comparison
Putnam ESG High Yield ETF - (PHYD) has a higher volatility of 1.27% compared to SPDR Blackstone High Income ETF (HYBL) at 1.05%. This indicates that PHYD'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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