HYBL vs VYM
HYBL vs VYM
State Street Blackstone High Income ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | HYBL | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.70% | 0.04% | |
| AUM | $569M | $79.0B | |
| Dividend Yield | 7.13% | 2.86% | |
| Holdings | 659 | 568 | |
| YTD Return | -1.81% | +15.80% | |
| 1Y Return | +1.17% | +26.12% | |
| 3Y Return (annualized) | +6.96% | +18.25% | |
| 5Y Return (annualized) | - | +12.51% | |
| Volatility (annualized) | 5.2% | 14.6% | |
| Max Drawdown | -8.5% | -58.8% | |
| Fund Family | State Street Investment Management | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Feb 16, 2022 | Nov 10, 2006 |
HYBL vs VYM Performance
State Street Blackstone High Income ETF (HYBL) is a ETF from State Street Investment Management and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year HYBL returned +1.17% while VYM returned +26.12%. Year to date, HYBL is down 1.81% versus a gain of 15.80% for VYM.
Over three years, HYBL compounded at +6.96% per year against +18.25% for VYM. Across the full 5-year window we track, VYM has the edge at +7.07% annualized vs +4.77%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% 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 -58.8% for VYM. 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 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HYBL charges 0.70% per year while VYM charges 0.04%. On a $10,000 position that is $70 vs $4 annually, a gap of $66 per year that compounds over a long holding period. On income, HYBL currently yields 7.13% against 2.86% for VYM.
Holdings Overlap
HYBL and VYM share 0 holdings out of 610 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 VYM?
HYBL has an expense ratio of 0.70% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $66 per year of difference.
Which performed better, HYBL or VYM?
Over the past year HYBL returned +1.17% vs +26.12% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (5 years), HYBL annualized +4.77% vs +7.07% for VYM. Past performance does not guarantee future results.
Which is riskier, HYBL or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 5.2% for HYBL. Worst drawdown: HYBL -8.5% vs VYM -58.8%.
Should I hold both HYBL and VYM?
HYBL and VYM have a monthly-return correlation of 0.73, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HYBL and VYM?
HYBL and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 610 unique securities.
Which pays a higher dividend, HYBL or VYM?
HYBL yields 7.13% while VYM yields 2.86%, so HYBL currently pays the higher dividend yield.
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