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VSHY vs. HYBL
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


VSHYHYBL
YTD Return6.91%6.90%
1Y Return12.45%11.79%
Sharpe Ratio2.463.64
Daily Std Dev5.03%3.23%
Max Drawdown-14.40%-8.46%
Current Drawdown0.00%-0.09%

Correlation

-0.50.00.51.00.6

The correlation between VSHY and HYBL is 0.55, 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

VSHY vs. HYBL - Performance Comparison

The year-to-date returns for both stocks are quite close, with VSHY having a 6.91% return and HYBL slightly lower at 6.90%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-2.00%0.00%2.00%4.00%6.00%AprilMayJuneJulyAugustSeptember
5.61%
5.21%
VSHY
HYBL

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VSHY vs. HYBL - Expense Ratio Comparison

VSHY has a 0.40% expense ratio, which is lower than HYBL's 0.70% expense ratio.


HYBL
SPDR Blackstone High Income ETF
Expense ratio chart for HYBL: current value at 0.70% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.70%
Expense ratio chart for VSHY: current value at 0.40% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.40%

Risk-Adjusted Performance

VSHY vs. HYBL - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Newfleet Short Duration High Yield Bond ETF (VSHY) 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.


VSHY
Sharpe ratio
The chart of Sharpe ratio for VSHY, currently valued at 2.46, compared to the broader market0.002.004.002.46
Sortino ratio
The chart of Sortino ratio for VSHY, currently valued at 3.77, compared to the broader market-2.000.002.004.006.008.0010.0012.003.77
Omega ratio
The chart of Omega ratio for VSHY, currently valued at 1.51, compared to the broader market0.501.001.502.002.503.001.51
Calmar ratio
The chart of Calmar ratio for VSHY, currently valued at 2.75, compared to the broader market0.005.0010.0015.002.75
Martin ratio
The chart of Martin ratio for VSHY, currently valued at 13.36, compared to the broader market0.0020.0040.0060.0080.00100.0013.36
HYBL
Sharpe ratio
The chart of Sharpe ratio for HYBL, currently valued at 3.64, compared to the broader market0.002.004.003.64
Sortino ratio
The chart of Sortino ratio for HYBL, currently valued at 5.78, compared to the broader market-2.000.002.004.006.008.0010.0012.005.78
Omega ratio
The chart of Omega ratio for HYBL, currently valued at 1.80, compared to the broader market0.501.001.502.002.503.001.80
Calmar ratio
The chart of Calmar ratio for HYBL, currently valued at 6.18, compared to the broader market0.005.0010.0015.006.18
Martin ratio
The chart of Martin ratio for HYBL, currently valued at 24.41, compared to the broader market0.0020.0040.0060.0080.00100.0024.41

VSHY vs. HYBL - Sharpe Ratio Comparison

The current VSHY Sharpe Ratio is 2.46, which is lower than the HYBL Sharpe Ratio of 3.64. The chart below compares the 12-month rolling Sharpe Ratio of VSHY and HYBL.


Rolling 12-month Sharpe Ratio1.502.002.503.003.50AprilMayJuneJulyAugustSeptember
2.46
3.64
VSHY
HYBL

Dividends

VSHY vs. HYBL - Dividend Comparison

VSHY's dividend yield for the trailing twelve months is around 7.30%, less than HYBL's 8.23% yield.


TTM2023202220212020201920182017
VSHY
Virtus Newfleet Short Duration High Yield Bond ETF
6.57%7.20%6.63%4.96%3.66%5.44%5.76%4.17%
HYBL
SPDR Blackstone High Income ETF
8.23%7.93%5.10%0.00%0.00%0.00%0.00%0.00%

Drawdowns

VSHY vs. HYBL - Drawdown Comparison

The maximum VSHY drawdown since its inception was -14.40%, which is greater than HYBL's maximum drawdown of -8.46%. Use the drawdown chart below to compare losses from any high point for VSHY and HYBL. For additional features, visit the drawdowns tool.


-2.00%-1.50%-1.00%-0.50%0.00%AprilMayJuneJulyAugustSeptember0
-0.09%
VSHY
HYBL

Volatility

VSHY vs. HYBL - Volatility Comparison

Virtus Newfleet Short Duration High Yield Bond ETF (VSHY) has a higher volatility of 1.11% compared to SPDR Blackstone High Income ETF (HYBL) at 0.53%. This indicates that VSHY'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.


0.40%0.60%0.80%1.00%1.20%1.40%AprilMayJuneJulyAugustSeptember
1.11%
0.53%
VSHY
HYBL