XB vs. HYBL
Compare and contrast key facts about BondBloxx B Rated USD High Yield Corporate Bond ETF (XB) and SPDR Blackstone High Income ETF (HYBL).
XB and HYBL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XB is a passively managed fund by BondBloxx that tracks the performance of the ICE BofA Single-B US Cash Pay High Yield Constrained Index. It was launched on May 24, 2022. 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: XB or HYBL.
Key characteristics
| XB | HYBL | |
|---|---|---|
| YTD Return | 8.04% | 8.55% |
| 1Y Return | 14.29% | 13.25% |
| Sharpe Ratio | 2.80 | 4.56 |
| Sortino Ratio | 4.41 | 7.35 |
| Omega Ratio | 1.55 | 2.07 |
| Calmar Ratio | 7.07 | 10.52 |
| Martin Ratio | 26.38 | 52.71 |
| Ulcer Index | 0.50% | 0.25% |
| Daily Std Dev | 4.72% | 2.85% |
| Max Drawdown | -9.25% | -8.46% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between XB 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
XB vs. HYBL - Performance Comparison
In the year-to-date period, XB achieves a 8.04% return, which is significantly lower than HYBL's 8.55% 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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XB vs. HYBL - Expense Ratio Comparison
XB has a 0.30% expense ratio, which is lower than HYBL's 0.70% expense ratio.
Risk-Adjusted Performance
XB vs. HYBL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BondBloxx B Rated USD High Yield Corporate Bond ETF (XB) 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
XB vs. HYBL - Dividend Comparison
XB's dividend yield for the trailing twelve months is around 7.67%, less than HYBL's 8.18% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
XB BondBloxx B Rated USD High Yield Corporate Bond ETF | 7.67% | 7.87% | 5.01% |
HYBL SPDR Blackstone High Income ETF | 8.18% | 7.93% | 5.10% |
Drawdowns
XB vs. HYBL - Drawdown Comparison
The maximum XB drawdown since its inception was -9.25%, which is greater than HYBL's maximum drawdown of -8.46%. Use the drawdown chart below to compare losses from any high point for XB and HYBL. For additional features, visit the drawdowns tool.
Volatility
XB vs. HYBL - Volatility Comparison
BondBloxx B Rated USD High Yield Corporate Bond ETF (XB) has a higher volatility of 1.34% compared to SPDR Blackstone High Income ETF (HYBL) at 0.60%. This indicates that XB'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.