XHYI vs. HYBL
Compare and contrast key facts about BondBloxx US High Yield Industrial Sector ETF (XHYI) and SPDR Blackstone High Income ETF (HYBL).
XHYI and HYBL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XHYI is a passively managed fund by BondBloxx that tracks the performance of the ICE Diversified US Cash Pay High Yield Core Industrial Index. 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: XHYI or HYBL.
Key characteristics
| XHYI | HYBL | |
|---|---|---|
| YTD Return | 6.68% | 6.90% |
| 1Y Return | 12.66% | 11.79% |
| Sharpe Ratio | 2.52 | 3.64 |
| Daily Std Dev | 4.92% | 3.23% |
| Max Drawdown | -10.96% | -8.46% |
| Current Drawdown | 0.00% | -0.09% |
Correlation
The correlation between XHYI and HYBL is 0.78, 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
XHYI vs. HYBL - Performance Comparison
The year-to-date returns for both investments are quite close, with XHYI having a 6.68% return and HYBL slightly higher 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.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
XHYI vs. HYBL - Expense Ratio Comparison
XHYI has a 0.35% expense ratio, which is lower than HYBL's 0.70% expense ratio.
Risk-Adjusted Performance
XHYI vs. HYBL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BondBloxx US High Yield Industrial Sector ETF (XHYI) 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
XHYI vs. HYBL - Dividend Comparison
XHYI's dividend yield for the trailing twelve months is around 6.88%, less than HYBL's 8.23% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
XHYI BondBloxx US High Yield Industrial Sector ETF | 6.88% | 6.41% | 5.57% |
HYBL SPDR Blackstone High Income ETF | 8.23% | 7.93% | 5.10% |
Drawdowns
XHYI vs. HYBL - Drawdown Comparison
The maximum XHYI drawdown since its inception was -10.96%, which is greater than HYBL's maximum drawdown of -8.46%. Use the drawdown chart below to compare losses from any high point for XHYI and HYBL. For additional features, visit the drawdowns tool.
Volatility
XHYI vs. HYBL - Volatility Comparison
BondBloxx US High Yield Industrial Sector ETF (XHYI) has a higher volatility of 1.07% compared to SPDR Blackstone High Income ETF (HYBL) at 0.53%. This indicates that XHYI'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.