HYBL vs QQQ
State Street Blackstone High Income ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. HYBL offers more diversification with 631 holdings.
Side-by-Side Comparison
| Metric | HYBL | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.70% | 0.18% | |
| AUM | $577M | $496.3B | |
| Dividend Yield | 7.07% | 0.44% | |
| Holdings | 631 | 108 | |
| YTD Return | -1.69% | +16.64% | |
| 1Y Return | +1.17% | +27.27% | |
| 3Y Return (annualized) | +7.00% | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 5.2% | 30.6% | |
| Max Drawdown | -8.5% | -83.0% | |
| Fund Family | State Street Investment Management | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Feb 16, 2022 | Mar 10, 1999 |
HYBL vs QQQ Performance
State Street Blackstone High Income ETF (HYBL) is a ETF from State Street Investment Management and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year HYBL returned +1.17% while QQQ returned +27.27%. Year to date, HYBL is down 1.69% versus a gain of 16.64% for QQQ.
Over three years, HYBL compounded at +7.00% per year against +25.96% for QQQ. Across the full 5-year window we track, QQQ has the edge at +13.03% annualized vs +4.76%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 5.2% for HYBL. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -8.5% for HYBL and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HYBL charges 0.70% per year while QQQ charges 0.18%. On a $10,000 position that is $70 vs $18 annually, a gap of $52 per year that compounds over a long holding period. On income, HYBL currently yields 7.07% against 0.44% for QQQ.
Holdings Overlap
HYBL and QQQ share 0 holdings out of 144 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, HYBL or QQQ?
HYBL has an expense ratio of 0.70% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $52 per year of difference.
Which performed better, HYBL or QQQ?
Over the past year HYBL returned +1.17% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (5 years), HYBL annualized +4.76% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, HYBL or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 5.2% for HYBL. Worst drawdown: HYBL -8.5% vs QQQ -83.0%.
Should I hold both HYBL and QQQ?
HYBL and QQQ have a monthly-return correlation of 0.72, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HYBL and QQQ?
HYBL and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 144 unique securities.
Which pays a higher dividend, HYBL or QQQ?
HYBL yields 7.07% while QQQ yields 0.44%, so HYBL currently pays the higher dividend yield.
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