HYBL vs VGM

Comparison between STATE STREET(R) BLACKSTONE HIGH INCOME ETF (HYBL, ETF) and Invesco Trust for Investment Grade Municipals (VGM, ETF).

HYBL vs VGM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HYBL(ETF)	VGM(ETF)
Net Assets	$563M	$562M
Expense Ratio	0.70%	N/A
Max Drawdown	11.06%	56.97%
Sharpe Ratio	0.82	1.13
5Y Beta	0.18	0.21
5Y Dividends CAGR	N/A	4.04%

Net Assets

Winner

HYBL

$563M

VGM

$562M

Expense Ratio

HYBL

0.70%

VGM

N/A

Max Drawdown

Winner

HYBL

11.06%

VGM

56.97%

Sharpe Ratio

HYBL

0.82

Winner

VGM

1.13

5Y Beta

Winner

HYBL

0.18

VGM

0.21

5Y Dividends CAGR

HYBL

N/A

VGM

4.04%

HYBL vs VGM - Historical Returns

Returns include dividend reinvestment.

Period	HYBL	VGM
1 month	+0.04%	-1.02%
3 months	+2.71%	+0.81%
6 months	+1.67%	+2.69%
1 year	+6.06%	+15.92%
5 years(CAGR)	+5.65%	-0.23%
10 years(CAGR)	N/A	+2.13%
Max(CAGR)	+5.65%	+5.28%

Winner

HYBL

+0.04%

VGM

-1.02%

Winner

HYBL

+2.71%

VGM

+0.81%

HYBL

+1.67%

Winner

VGM

+2.69%

HYBL

+6.06%

Winner

VGM

+15.92%

5Y(CAGR)

Winner

HYBL

+5.65%

VGM

-0.23%

10Y(CAGR)

HYBL

N/A

VGM

+2.13%

Max(CAGR)

Winner

HYBL

+5.65%

VGM

+5.28%

HYBL vs VGM - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	HYBL	VGM
2026	+1.06%	+1.07%
2025	+7.54%	+10.26%
2024	+9.55%	+9.33%
2023	+11.59%	+4.12%
2022	-4.72%	-24.02%
2021	N/A	+11.38%
2020	N/A	+7.57%
2019	N/A	+15.89%
2018	N/A	-7.78%
2017	N/A	+9.59%
2016	N/A	+0.84%
2015	N/A	+6.74%
2014	N/A	+16.53%
2013	N/A	-16.11%
2012	N/A	+9.31%
2011	N/A	+21.70%
2010	N/A	+3.53%
2009	N/A	+55.64%
2008	N/A	-32.30%
2007	N/A	-6.33%
2006	N/A	+11.93%
2005	N/A	+4.42%
2004	N/A	+1.63%
2003	N/A	+7.57%
2002	N/A	+16.03%
2001	N/A	+8.58%
2000	N/A	+10.93%
1999	N/A	-6.34%

HYBL vs VGM Drawdown Comparison

The maximum drawdown for HYBL was -8.46%, occurring on Sep 29, 2022. Recovery took 340 trading sessions.

The maximum drawdown for VGM was -49.32%, occurring on Dec 16, 2008. Recovery took 581 trading sessions.

The current HYBL drawdown is -0.18%. The current VGM drawdown is -5.29%.

Rank	HYBL	VGM
#1	-8.46% Mar 2, 2022 - Jul 11, 2023	-49.32% May 16, 2007 - Sep 3, 2009
#2	-4.32% Feb 19, 2025 - May 12, 2025	-36.59% Sep 22, 2021 - Oct 25, 2023
#3	-2.41% Jan 8, 2026 - Apr 22, 2026	-24.75% Feb 11, 2020 - Nov 30, 2020
#4	-1.90% Sep 14, 2023 - Nov 3, 2023	-23.11% Jan 25, 2013 - Feb 2, 2015
#5	-1.24% Jul 31, 2024 - Aug 14, 2024	-17.26% Nov 5, 2010 - Sep 7, 2011
#6	-1.03% Apr 9, 2024 - May 3, 2024	-15.75% Mar 11, 2004 - Aug 25, 2005
#7	-0.86% Sep 29, 2025 - Oct 24, 2025	-15.16% Jul 8, 2016 - Jun 28, 2019
#8	-0.79% Jul 31, 2023 - Aug 23, 2023	-12.53% Nov 5, 1999 - Aug 21, 2000
#9	-0.71% May 11, 2026 - May 29, 2026	-10.76% Oct 6, 2009 - Mar 8, 2010
#10	-0.69% Dec 27, 2023 - Jan 11, 2024	-10.20% Jun 16, 2003 - Jan 14, 2004
#11	-0.67% May 16, 2024 - Jun 6, 2024	-9.87% Sep 30, 2002 - Apr 10, 2003
#12	-0.64% Dec 11, 2024 - Jan 3, 2025	-7.48% Feb 2, 2015 - Nov 23, 2015
#13	-0.61% Nov 11, 2025 - Nov 25, 2025	-7.01% Nov 13, 2001 - Jan 18, 2002
#14	-0.56% Jul 13, 2023 - Jul 31, 2023	-6.40% Sep 27, 2012 - Jan 25, 2013
#15	-0.55% Feb 1, 2024 - Feb 22, 2024	-6.33% Aug 21, 2000 - Dec 28, 2000

Correlation

Correlation between HYBL and VGM is 0.83 which considered as a strong positive correlation - the stocks tend to move together.

0.83

-101

Dividend Comparison (2000 - 2026)

HYBL vs VGM dividend yield comparison.

Year	HYBL	VGM
2026	2.83%	3.16%
2025	7.22%	7.48%
2024	7.88%	6.35%
2023	7.93%	4.42%
2022	5.10%	5.67%
2021	0.00%	4.65%
2020	0.00%	4.65%
2019	0.00%	4.82%
2018	0.00%	5.97%
2017	0.00%	5.79%
2016	0.00%	6.50%
2015	0.00%	6.62%
2014	0.00%	6.64%
2013	0.00%	7.68%
2012	0.00%	6.91%
2011	0.00%	7.05%
2010	0.00%	7.91%
2009	0.00%	6.61%
2008	0.00%	9.50%
2007	0.00%	5.80%
2006	0.00%	5.33%
2005	0.00%	7.95%
2004	0.00%	6.67%
2003	0.00%	7.36%
2002	0.00%	8.71%
2001	0.00%	7.55%
2000	0.00%	2.67%