VSHY vs. HYBL
Compare and contrast key facts about Virtus Newfleet Short Duration High Yield Bond ETF (VSHY) and SPDR Blackstone High Income ETF (HYBL).
VSHY and HYBL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VSHY is an actively managed fund by Virtus. It was launched on Dec 5, 2016. 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: VSHY or HYBL.
Correlation
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
Key characteristics
VSHY:
2.28
HYBL:
3.70
VSHY:
3.39
HYBL:
5.48
VSHY:
1.46
HYBL:
1.81
VSHY:
4.42
HYBL:
7.85
VSHY:
14.59
HYBL:
39.39
VSHY:
0.63%
HYBL:
0.25%
VSHY:
4.01%
HYBL:
2.63%
VSHY:
-14.40%
HYBL:
-8.46%
VSHY:
-0.42%
HYBL:
-0.01%
Returns By Period
The year-to-date returns for both stocks are quite close, with VSHY having a 0.94% return and HYBL slightly lower at 0.92%.
VSHY
0.94%
0.92%
4.30%
9.06%
3.97%
N/A
HYBL
0.92%
0.80%
4.90%
9.71%
N/A
N/A
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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.
Risk-Adjusted Performance
VSHY vs. HYBL — Risk-Adjusted Performance Rank
VSHY
HYBL
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.
Dividends
VSHY vs. HYBL - Dividend Comparison
VSHY's dividend yield for the trailing twelve months is around 6.75%, less than HYBL's 7.80% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
VSHY Virtus Newfleet Short Duration High Yield Bond ETF | 6.75% | 6.81% | 7.20% | 6.64% | 4.97% | 3.66% | 5.44% | 5.76% | 4.17% |
HYBL SPDR Blackstone High Income ETF | 7.80% | 7.88% | 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.
Volatility
VSHY vs. HYBL - Volatility Comparison
Virtus Newfleet Short Duration High Yield Bond ETF (VSHY) has a higher volatility of 1.02% compared to SPDR Blackstone High Income ETF (HYBL) at 0.78%. 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.