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SPDR® Blackstone High Income ETF (HYBL) focuses on high-yield debt, including corporate bonds, senior loans, and CLOs. HYBL is diversified across sectors and holdings, and has outperformed a junk bond benchmark and high-yield bond ETFs since its inception. However, HYBL track record is short and already shows a decay in value.
HYBL is an actively managed ETF investing in high-yield bonds and senior loans. It offers investors a strong 8.2% yield and a reasonable performance track record. It is also more expensive than average, with a 0.70% expense ratio. It has failed to outperform relevant benchmarks since inception and has underperformed several of my top picks in these segments.
SPDR® Blackstone High Income ETF offers active management in the bond market with potential for stronger risk-adjusted returns. The HYBL ETF's investment process combines top-down asset allocation and bottom-up security selection. The fund has a diversified asset mix of high-yield corporate bonds, senior loans, and collateralized loan obligations.
SPDR Blackstone High Income ETF is an actively managed high-yield debt fund with a distribution yield of 7.67% and an expense ratio of 0.70%. The fund focuses on risk-adjusted total return and high current income, investing in high yield debt securities, including corporate bonds, senior loans, and collateralized loan obligations (CLOs). HYBL has performed well compared to its peers, but the historical data is too short to determine how it will manage the risks associated with its underlying asset classes.
SPDR Blackstone High Income ETF (HYBL) aims to generate high income from leveraged loans, high-yield bonds, and CLO debt tranches. The HYBL inexplicably compares itself against the AGG Index, making it appear to be an outperforming fund. Measured against the appropriate underlying asset classes, HYBL has underperformed. Although the HYBL ETF pays an attractive 7.1% distribution yield, investors should be mindful of rising defaults within the high-yield space that could detract from total returns.
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