State Street Blackstone High Income ETF

HYBL

Market cap $556M

State Street® Blackstone High Income ETF delivers a 7% yield via diversified exposure to high-yield bonds, senior loans, and CLOs. HYBL has outperformed the junk bond benchmark HYG since inception, with notably lower volatility and superior risk-adjusted returns. The HYBL fund maintains broad sector diversification, short maturities, and low issuer concentration.

If 2025 has taught investors anything about investing, it's that the markets have a mind of their own.

Income-focused investors face a persistent challenge: finding yield without sacrificing capital stability.

Unfortunately, you won't earn high yields with today's savings accounts. So, if it's dependability you're after, with yield to boot, you can't go wrong with a safe ETF.

HYBL has marginally outperformed its benchmark, but high fees and increased credit risk limit its appeal versus passive alternatives. Current credit spreads are historically low, making credit-exposed ETFs like HYBL vulnerable if spreads widen or economic cracks emerge. Falling interest rates may benefit HYBL somewhat thanks to duration, but sector exposures and credit risk could mitigate the YTM decreases associated to falling benchmark rates.

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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.

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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.