(HYBL) SSGA Active Trust - Overview
Etf: High Yield Bonds, Senior Loans, CLO Tranches
Dividends
| Dividend Yield | 7.26% |
| Yield on Cost 5y | 8.32% |
| Yield CAGR 5y | 13.88% |
| Payout Consistency | 97.5% |
| Payout Ratio | - |
| Risk 5d forecast | |
|---|---|
| Volatility | 3.15% |
| Relative Tail Risk | -2.58% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.58 |
| Alpha | 0.49 |
| Character TTM | |
|---|---|
| Beta | 0.200 |
| Beta Downside | 0.232 |
| Drawdowns 3y | |
|---|---|
| Max DD | 4.32% |
| CAGR/Max DD | 2.07 |
Description: HYBL SSGA Active Trust December 28, 2025
The SPDR Blackstone High Income ETF (ticker HYBL) is a non-diversified U.S.-based ETF that allocates virtually all of its assets to high-yield debt instruments denominated in U.S. dollars. Its Sub-Adviser may hold any mix of high-yield corporate bonds, senior loans, and debt tranches of U.S. collateralized loan obligations (CLOs), with the flexibility to invest up to 100 % of net assets in either corporate bonds or senior loans and across any maturity bucket.
Key market drivers that will likely influence HYBL’s performance include: (1) the current high-yield spread, which as of late 2024 hovers around 5.8 percentage points over the 10-year Treasury-a level that historically signals elevated credit risk premiums; (2) the U.S. high-yield default rate, which has risen to roughly 3.2 % year-to-date, reflecting tightening credit conditions; and (3) CLO issuance, which has been expanding at a 12 % annualized rate, offering additional supply of senior-loan exposure but also adding complexity to liquidity dynamics.
For a deeper, data-driven view of HYBL’s risk-adjusted returns and sector allocations, you may find the analytics on ValueRay worth exploring.
What is the price of HYBL shares?
Over the past week, the price has changed by -0.10%, over one month by -0.24%, over three months by +1.50% and over the past year by +6.86%.
Is HYBL a buy, sell or hold?
What are the forecasts/targets for the HYBL price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 32.4 | 14.3% |
HYBL Fundamental Data Overview February 05, 2026
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 578.7m USD (578.7m + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 578.7m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 578.7m / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 6.65% (E(578.7m)/V(578.7m) * Re(6.65%) + (debt-free company))
Discount Rate = 6.65% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Fair Price DCF = unknown (Cash Flow 0.0)