SIHY vs. HYBL
Compare and contrast key facts about Harbor Scientific Alpha High-Yield ETF (SIHY) and SPDR Blackstone High Income ETF (HYBL).
SIHY and HYBL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SIHY is a passively managed fund by Harbor that tracks the performance of the ICE BofA US High Yield. It was launched on Sep 14, 2021. 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: SIHY or HYBL.
Key characteristics
| SIHY | HYBL | |
|---|---|---|
| YTD Return | 8.00% | 6.90% |
| 1Y Return | 15.46% | 11.79% |
| Sharpe Ratio | 2.82 | 3.64 |
| Daily Std Dev | 5.41% | 3.23% |
| Max Drawdown | -13.30% | -8.46% |
| Current Drawdown | 0.00% | -0.09% |
Correlation
The correlation between SIHY and HYBL is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SIHY vs. HYBL - Performance Comparison
In the year-to-date period, SIHY achieves a 8.00% return, which is significantly higher than HYBL's 6.90% 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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SIHY vs. HYBL - Expense Ratio Comparison
SIHY has a 0.48% expense ratio, which is lower than HYBL's 0.70% expense ratio.
Risk-Adjusted Performance
SIHY vs. HYBL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Harbor Scientific Alpha High-Yield ETF (SIHY) 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
SIHY vs. HYBL - Dividend Comparison
SIHY's dividend yield for the trailing twelve months is around 7.41%, less than HYBL's 8.23% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
SIHY Harbor Scientific Alpha High-Yield ETF | 7.41% | 7.06% | 6.31% | 1.29% |
HYBL SPDR Blackstone High Income ETF | 8.23% | 7.93% | 5.10% | 0.00% |
Drawdowns
SIHY vs. HYBL - Drawdown Comparison
The maximum SIHY drawdown since its inception was -13.30%, which is greater than HYBL's maximum drawdown of -8.46%. Use the drawdown chart below to compare losses from any high point for SIHY and HYBL. For additional features, visit the drawdowns tool.
Volatility
SIHY vs. HYBL - Volatility Comparison
Harbor Scientific Alpha High-Yield ETF (SIHY) has a higher volatility of 1.14% compared to SPDR Blackstone High Income ETF (HYBL) at 0.53%. This indicates that SIHY'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.