Correlation
The correlation between VCRB and HYBL is 0.16, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
VCRB vs. HYBL
Compare and contrast key facts about Vanguard Core Bond ETF (VCRB) and SPDR Blackstone High Income ETF (HYBL).
VCRB and HYBL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VCRB is an actively managed fund by Vanguard. It was launched on Dec 14, 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: VCRB or HYBL.
Performance
VCRB vs. HYBL - Performance Comparison
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Key characteristics
VCRB:
1.21
HYBL:
1.85
VCRB:
1.74
HYBL:
2.66
VCRB:
1.21
HYBL:
1.48
VCRB:
1.39
HYBL:
1.98
VCRB:
3.30
HYBL:
11.25
VCRB:
1.93%
HYBL:
0.76%
VCRB:
5.31%
HYBL:
4.68%
VCRB:
-4.59%
HYBL:
-8.46%
VCRB:
-1.22%
HYBL:
-0.07%
Returns By Period
In the year-to-date period, VCRB achieves a 2.61% return, which is significantly higher than HYBL's 2.37% return.
VCRB
2.61%
-0.34%
1.00%
5.90%
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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VCRB vs. HYBL - Expense Ratio Comparison
VCRB has a 0.10% expense ratio, which is lower than HYBL's 0.70% expense ratio.
Risk-Adjusted Performance
VCRB vs. HYBL — Risk-Adjusted Performance Rank
VCRB
HYBL
VCRB vs. HYBL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Core Bond ETF (VCRB) 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
VCRB vs. HYBL - Dividend Comparison
VCRB's dividend yield for the trailing twelve months is around 4.32%, less than HYBL's 7.63% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
VCRB Vanguard Core Bond ETF | 4.32% | 4.22% | 0.16% | 0.00% |
HYBL SPDR Blackstone High Income ETF | 7.63% | 7.88% | 7.93% | 5.10% |
Drawdowns
VCRB vs. HYBL - Drawdown Comparison
The maximum VCRB drawdown since its inception was -4.59%, smaller than the maximum HYBL drawdown of -8.46%. Use the drawdown chart below to compare losses from any high point for VCRB and HYBL.
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Volatility
VCRB vs. HYBL - Volatility Comparison
Vanguard Core Bond ETF (VCRB) has a higher volatility of 1.45% compared to SPDR Blackstone High Income ETF (HYBL) at 1.05%. This indicates that VCRB'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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