VTI vs. HYBL
VTI (Vanguard Total Stock Market ETF) and HYBL (SPDR Blackstone High Income ETF) are both exchange-traded funds - VTI is a Large Cap Blend Equities fund tracking the CRSP US Total Market Index, while HYBL is a High Yield Bonds fund actively managed by State Street. VTI is passively managed, while HYBL is actively managed. Over the past 3 years, VTI returned 21.05%/yr vs 8.36%/yr for HYBL. A 0.69 correlation means they provide meaningful diversification when combined. VTI charges 0.03%/yr vs 0.70%/yr for HYBL.
Performance
VTI vs. HYBL - Performance Comparison
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Returns By Period
In the year-to-date period, VTI achieves a 9.05% return, which is significantly higher than HYBL's 0.93% return.
VTI
- 1D
- 0.30%
- 1M
- 0.44%
- YTD
- 9.05%
- 6M
- 8.94%
- 1Y
- 24.96%
- 3Y*
- 21.05%
- 5Y*
- 12.25%
- 10Y*
- 14.84%
HYBL
- 1D
- -0.02%
- 1M
- -0.18%
- YTD
- 0.93%
- 6M
- 1.49%
- 1Y
- 6.08%
- 3Y*
- 8.36%
- 5Y*
- —
- 10Y*
- —
VTI vs. HYBL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
VTI Vanguard Total Stock Market ETF | 9.05% | 17.10% | 23.81% | 26.05% | -12.14% |
HYBL SPDR Blackstone High Income ETF | 0.93% | 7.78% | 9.12% | 11.86% | -4.72% |
Correlation
The correlation between VTI and HYBL is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2022 | 0.69 |
The correlation between VTI and HYBL has been stable across timeframes, ranging from 0.64 to 0.69 - a consistent structural relationship.
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Return for Risk
VTI vs. HYBL — Risk / Return Rank
VTI
HYBL
VTI vs. HYBL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Stock Market ETF (VTI) 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.
| VTI | HYBL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.46 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.81 | 2.53 | +0.28 |
| Martin ratioReturn relative to average drawdown | 12.85 | 9.29 | +3.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VTI | HYBL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.02 | 2.30 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 1.24 | -0.74 |
Drawdowns
VTI vs. HYBL - Drawdown Comparison
The maximum VTI drawdown since its inception was -55.45%, which is greater than HYBL's maximum drawdown of -8.46%. Use the drawdown chart below to compare losses from any high point for VTI and HYBL.
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Drawdown Indicators
| VTI | HYBL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.45% | -8.46% | -46.99% |
Max Drawdown (1Y)Largest decline over 1 year | -8.92% | -2.41% | -6.51% |
Max Drawdown (3Y)Largest decline over 3 years | -19.30% | -4.32% | -14.98% |
Max Drawdown (5Y)Largest decline over 5 years | -25.36% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.00% | — | — |
Current DrawdownCurrent decline from peak | -2.64% | -0.37% | -2.27% |
Average DrawdownAverage peak-to-trough decline | -8.02% | -1.35% | -6.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 0.66% | +1.29% |
Volatility
VTI vs. HYBL - Volatility Comparison
Vanguard Total Stock Market ETF (VTI) has a higher volatility of 3.88% compared to SPDR Blackstone High Income ETF (HYBL) at 0.68%. This indicates that VTI'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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Volatility by Period
| VTI | HYBL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.88% | 0.68% | +3.20% |
Volatility (6M)Calculated over the trailing 6-month period | 9.55% | 2.15% | +7.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.44% | 2.66% | +9.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.44% | 4.57% | +12.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.33% | 4.57% | +13.76% |
VTI vs. HYBL - Expense Ratio Comparison
VTI has a 0.03% expense ratio, which is lower than HYBL's 0.70% expense ratio.
Dividends
VTI vs. HYBL - Dividend Comparison
VTI's dividend yield for the trailing twelve months is around 1.03%, less than HYBL's 7.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYBL SPDR Blackstone High Income ETF | 7.13% | 7.22% | 7.88% | 7.93% | 5.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VTI Vanguard Total Stock Market ETF | 1.03% | 1.12% | 1.27% | 1.44% | 1.66% | 1.21% | 1.42% | 1.78% | 2.04% | 1.71% | 1.92% | 1.98% |
Frequently Asked Questions
VTI and HYBL have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VTI has higher volatility (3.88%) compared to HYBL (0.68%). In terms of maximum drawdown, VTI dropped -55.45% vs HYBL's -8.46%.
On 3-year performance, VTI leads with 21.05% vs 8.36% for HYBL. On fees, VTI is cheaper at 0.03% per year. On volatility, HYBL has been the lower-risk option at 0.68%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, VTI has performed better with a 21.05% return vs 8.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VTI is cheaper with a 0.03% expense ratio, compared with 0.70% for HYBL.
HYBL has the higher dividend yield at 7.13%, compared with 1.03% for VTI.
VTI is categorized as Large Cap Blend Equities, while HYBL is High Yield Bonds. They also come from different issuers: Vanguard and State Street. Their fees differ too: 0.03% for VTI and 0.70% for HYBL.
HYBL currently has the higher Sharpe Ratio (2.30 vs 2.02), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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