XHYF vs. HYBL
Compare and contrast key facts about BondBloxx US High Yield Financial & REIT Sector ETF (XHYF) and SPDR Blackstone High Income ETF (HYBL).
XHYF and HYBL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XHYF is a passively managed fund by BondBloxx that tracks the performance of the ICE Diversified US Cash Pay High Yield Financial & REIT. It was launched on Feb 15, 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: XHYF or HYBL.
Key characteristics
| XHYF | HYBL | |
|---|---|---|
| YTD Return | 7.87% | 6.90% |
| 1Y Return | 15.22% | 11.79% |
| Sharpe Ratio | 2.85 | 3.64 |
| Daily Std Dev | 5.28% | 3.23% |
| Max Drawdown | -12.92% | -8.46% |
| Current Drawdown | 0.00% | -0.09% |
Correlation
The correlation between XHYF 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
XHYF vs. HYBL - Performance Comparison
In the year-to-date period, XHYF achieves a 7.87% return, which is significantly higher than HYBL's 6.90% 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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XHYF vs. HYBL - Expense Ratio Comparison
XHYF has a 0.35% expense ratio, which is lower than HYBL's 0.70% expense ratio.
Risk-Adjusted Performance
XHYF vs. HYBL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BondBloxx US High Yield Financial & REIT Sector ETF (XHYF) 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
XHYF vs. HYBL - Dividend Comparison
XHYF's dividend yield for the trailing twelve months is around 7.14%, less than HYBL's 8.23% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
XHYF BondBloxx US High Yield Financial & REIT Sector ETF | 7.14% | 7.00% | 5.47% |
HYBL SPDR Blackstone High Income ETF | 8.23% | 7.93% | 5.10% |
Drawdowns
XHYF vs. HYBL - Drawdown Comparison
The maximum XHYF drawdown since its inception was -12.92%, which is greater than HYBL's maximum drawdown of -8.46%. Use the drawdown chart below to compare losses from any high point for XHYF and HYBL. For additional features, visit the drawdowns tool.
Volatility
XHYF vs. HYBL - Volatility Comparison
BondBloxx US High Yield Financial & REIT Sector ETF (XHYF) has a higher volatility of 1.11% compared to SPDR Blackstone High Income ETF (HYBL) at 0.53%. This indicates that XHYF'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.