HYBL vs SPY
State Street Blackstone High Income ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, HYBL or SPY?
High Yield Bond against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | HYBL | SPY |
|---|---|---|
| Expense Ratio | 0.70% | 0.09%Best |
| AUM | $574M | $811.2B |
| Dividend Yield | 6.99% | 0.98% |
| Holdings | 631 | 1,515 |
| YTD Return | -3.72% | +12.70%Best |
| 1Y Return | -2.09% | +15.53%Best |
| 3Y Return (annualized) | +6.18% | +22.86%Best |
| 5Y Return (annualized) | - | +13.47% |
| Volatility (annualized) | 5.2%Best | 15.5% |
| Max Drawdown | -8.5%Best | -22.1% |
| $10,000 over 4.6 years | $12,067 | $18,575Best |
| Fund Family | State Street Investment Management | State Street Investment Management |
| Category | Fixed Income | Equity |
| Style | High Yield Bond | Large Cap Blend |
| Inception | Feb 16, 2022 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4.6 years row, are measured over the window both funds cover: Feb 17, 2022 to Oct 1, 2026 (4.6 years).
HYBL vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4.6 years both funds cover.
HYBL vs SPY Performance
State Street Blackstone High Income ETF (HYBL) is an ETF from State Street Investment Management and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year HYBL returned -2.09% while SPY returned +15.53%. Year to date, HYBL is down 3.72% versus a gain of 12.70% for SPY.
Over three years, HYBL compounded at +6.18% per year against +22.86% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.5% 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 -22.1% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HYBL charges 0.70% per year while SPY charges 0.09%. On a $10,000 position that is $70 vs $9 annually, a gap of $61 per year that compounds over a long holding period. On income, HYBL currently yields 6.99% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 47 holdings in HYBL and 504 in SPY, totalling 8.0% and 99.8% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 47 positions we hold weights for in HYBL and 504 in SPY, against full books of 631 and 1,515.
You are not choosing between two funds in isolation.
Whichever of HYBL and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, HYBL or SPY?
HYBL has an expense ratio of 0.70% while SPY charges 0.09%. SPY is the cheaper option, by $61 a year on a $10,000 investment.
Which performed better, HYBL or SPY?
Over the past year HYBL returned -2.09% vs +15.53% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HYBL or SPY?
SPY has been the more volatile fund at 15.5% annualized versus 5.2% for HYBL. Worst drawdown: HYBL -8.5% vs SPY -22.1%.
Should I hold both HYBL and SPY?
HYBL and SPY have a monthly-return correlation of 0.82, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, HYBL or SPY?
HYBL yields 6.99% while SPY yields 0.98%, so HYBL currently pays the higher dividend yield.
Is SPY better than HYBL?
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.