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ETFs

SPDR Blackstone High Income ETF

HYBL
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Feb 16, 2022
Expense Ratio
0.7%
Type
US Bonds
Fund Owner
State Street (SPDR)
Volume (1m avg. daily)
$2,551,572
AUM
$125,745,545
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

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Invest with HYBL
Trade HYBL Options

What is HYBL?

The SPDR Blackstone High Income ETF is an actively managed strategy that seeks to provide risk adjusted total return and high current income, with less volatility than the general bond and loan segments over full market cycles. HYBL invests in high yield corporate bonds, senior loans, and debt tranches of US collateralized loan obligations (CLOs), utilizing a top down asset allocation approach to determine the relative weights of each asset class, coupled with a bottom up security selection process to build the portfolio.

1M
3M
6M
YTD
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3Y
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HYBL
Performance Measures**

for the time period Feb 17, 2022 to Dec 15, 2025

Returns

1M Trailing Return: 1.0%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 1.2%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -8.5%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 4.7%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 1.25

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.70

The annualized return divided by the max drawdown for the selected time period.

ETFs related toHYBL

ETFs correlated to HYBL include HYDB, HYLB, UJB

HYBL
SSgA Active Trust - SPDR Blackstone High Income ETF
HYDB
BlackRock Institutional Trust Company N.A. - iShares High Yield Bond Factor ETF
HYLB
DBX ETF Trust - Xtrackers USD High Yield Corporate Bond ETF
UJB
ProShares Trust - ProShares Ultra High Yield 2x Shares
HYG
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD High Yield Corporate Bond ETF
JNK
SPDR Series Trust - SPDR Bloomberg High Yield Bond ETF
BBHY
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders USD High Yield Corporate Bond ETF
SHYG
BlackRock Institutional Trust Company N.A. - iShares 0-5 Year High Yield Corporate Bond ETF
HYBB
iShares Trust - iShares BB Rated Corporate Bond ETF
USHY
BlackRock Institutional Trust Company N.A. - iShares Broad USD High Yield Corporate Bond ETF
HYGV
FlexShares Trust - FlexShares High Yield Value Scored Bond Index ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Trading Strategies
Related toHYBL

SPDRverse

Category

Cross-asset momentum, sector rotation, SPDR ETFs, daily rebalancing, tactical allocation

OOS Cumulative Return

-3.07%

Create your own algorithmic trading strategy with HYBL using Composer

FAQ

HYBL is a US Bonds ETF. The SPDR Blackstone High Income ETF is an actively managed strategy that seeks to provide risk adjusted total return and high current income, with less volatility than the general bond and loan segments over full market cycles. HYBL invests in high yield corporate bonds, senior loans, and debt tranches of US collateralized loan obligations (CLOs), utilizing a top down asset allocation approach to determine the relative weights of each asset class, coupled with a bottom up security selection process to build the portfolio.

Yes, HYBL is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, HYBL is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on HYBL is 0.0049%. This is the percent change in the value of HYBL over the most recent 1-month period. The 3-month return on HYBL is 0.0217%. This is the percent change in the value of HYBL over the most recent 3-month period.

The standard deviation of HYBL for the past year is 0.0576%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to HYBL include GVI, BLV, and BSV.

ETFs correlated to HYBL include HYDB, HYLB, and UJB.

ETFs that are inversely correlated to HYBL include SJB, HIBS, and EFZ.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.