Bonds
Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
BIL SPDR Barclays 1-3 Month T-Bill ETF | Government Bonds | 20% |
ISTB iShares Core 1-5 Year USD Bond ETF | Total Bond Market | 20% |
SHV iShares Short Treasury Bond ETF | Government Bonds | 20% |
SHYG iShares 0-5 Year High Yield Corporate Bond ETF | High Yield Bonds | 20% |
SPSB SPDR Portfolio Short Term Corporate Bond ETF | Corporate Bonds | 20% |
Performance
Performance Chart
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The earliest data available for this chart is Oct 17, 2013, corresponding to the inception date of SHYG
Returns By Period
As of May 31, 2025, the Bonds returned 2.21% Year-To-Date and 2.52% of annualized return in the last 10 years.
| YTD | 1M | 6M | 1Y | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | 0.51% | 6.15% | -2.00% | 12.92% | 14.19% | 10.85% |
| Bonds | 2.21% | 0.46% | 2.33% | 6.33% | 2.98% | 2.52% |
| Portfolio components: | ||||||
BIL SPDR Barclays 1-3 Month T-Bill ETF | 1.72% | 0.36% | 2.13% | 4.73% | 2.61% | 1.79% |
SHV iShares Short Treasury Bond ETF | 1.69% | 0.32% | 2.10% | 4.78% | 2.52% | 1.85% |
ISTB iShares Core 1-5 Year USD Bond ETF | 2.69% | -0.03% | 2.61% | 6.78% | 1.46% | 2.08% |
SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2.66% | 1.52% | 2.23% | 8.94% | 6.01% | 4.37% |
SPSB SPDR Portfolio Short Term Corporate Bond ETF | 2.31% | 0.13% | 2.55% | 6.43% | 2.24% | 2.36% |
Monthly Returns
The table below presents the monthly returns of Bonds, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.62% | 0.62% | 0.05% | 0.45% | 0.46% | 2.21% | |||||||
| 2024 | 0.43% | 0.10% | 0.57% | -0.19% | 0.78% | 0.47% | 1.15% | 0.88% | 0.84% | -0.24% | 0.62% | 0.11% | 5.63% |
| 2023 | 1.19% | -0.47% | 1.00% | 0.37% | -0.15% | 0.45% | 0.58% | 0.36% | -0.15% | 0.08% | 1.62% | 1.26% | 6.30% |
| 2022 | -0.69% | -0.34% | -0.69% | -0.83% | 0.41% | -1.44% | 1.42% | -0.94% | -1.05% | 0.57% | 1.31% | -0.05% | -2.34% |
| 2021 | -0.02% | 0.04% | 0.22% | 0.23% | 0.13% | 0.12% | 0.06% | 0.10% | -0.08% | -0.17% | -0.30% | 0.35% | 0.68% |
| 2020 | 0.31% | 0.07% | -2.56% | 1.47% | 0.85% | 0.28% | 1.02% | 0.13% | -0.14% | 0.08% | 0.80% | 0.44% | 2.74% |
| 2019 | 1.25% | 0.38% | 0.55% | 0.33% | 0.07% | 0.78% | 0.13% | 0.45% | 0.17% | 0.22% | 0.06% | 0.54% | 5.01% |
| 2018 | -0.03% | -0.21% | 0.20% | 0.08% | 0.23% | 0.14% | 0.38% | 0.35% | 0.17% | -0.24% | 0.12% | 0.02% | 1.21% |
| 2017 | 0.27% | 0.34% | 0.03% | 0.31% | 0.28% | 0.07% | 0.30% | 0.18% | 0.10% | 0.08% | -0.20% | 0.18% | 1.95% |
| 2016 | -0.14% | 0.44% | 0.69% | 0.60% | 0.17% | 0.61% | 0.39% | 0.21% | 0.26% | -0.05% | -0.22% | 0.48% | 3.49% |
| 2015 | 0.26% | 0.36% | 0.07% | 0.16% | 0.07% | -0.24% | -0.14% | -0.37% | -0.34% | 0.53% | -0.40% | -0.42% | -0.47% |
| 2014 | 0.13% | 0.28% | 0.01% | 0.13% | 0.14% | 0.11% | -0.30% | 0.38% | -0.45% | 0.33% | -0.06% | -0.21% | 0.46% |
Expense Ratio
Bonds has an expense ratio of 0.14%, which is considered low. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 99, Bonds is among the top 1% of portfolios on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
This table presents a comparison of risk-adjusted performance metrics for positions. Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|
BIL SPDR Barclays 1-3 Month T-Bill ETF | 20.88 | 301.00 | 208.79 | 435.17 | 4,890.74 |
SHV iShares Short Treasury Bond ETF | 20.67 | 289.12 | 149.74 | 532.32 | 4,698.66 |
ISTB iShares Core 1-5 Year USD Bond ETF | 2.99 | 4.71 | 1.61 | 3.72 | 12.95 |
SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 1.68 | 2.48 | 1.40 | 1.98 | 10.88 |
SPSB SPDR Portfolio Short Term Corporate Bond ETF | 3.93 | 6.32 | 1.90 | 8.54 | 27.70 |
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Dividends
Dividend yield
Bonds provided a 5.05% dividend yield over the last twelve months.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 5.05% | 5.13% | 4.65% | 2.45% | 1.53% | 2.05% | 3.02% | 2.83% | 2.18% | 1.90% | 1.64% | 1.33% |
| Portfolio components: | ||||||||||||
BIL SPDR Barclays 1-3 Month T-Bill ETF | 4.68% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% | 0.00% | 0.00% |
SHV iShares Short Treasury Bond ETF | 4.69% | 5.02% | 4.73% | 1.39% | 0.00% | 0.74% | 2.19% | 1.66% | 0.72% | 0.34% | 0.03% | 0.00% |
ISTB iShares Core 1-5 Year USD Bond ETF | 3.93% | 3.83% | 2.97% | 2.01% | 1.63% | 2.20% | 2.75% | 2.57% | 2.06% | 1.90% | 1.58% | 1.07% |
SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 7.10% | 6.93% | 6.54% | 5.57% | 4.83% | 5.07% | 5.33% | 5.90% | 5.49% | 5.53% | 5.17% | 4.33% |
SPSB SPDR Portfolio Short Term Corporate Bond ETF | 4.83% | 4.85% | 4.05% | 1.92% | 1.19% | 1.94% | 2.77% | 2.36% | 1.94% | 1.65% | 1.43% | 1.26% |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Bonds. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Bonds was 6.54%, occurring on Mar 19, 2020. Recovery took 81 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -6.54% | Mar 5, 2020 | 11 | Mar 19, 2020 | 81 | Jul 15, 2020 | 92 |
| -4.54% | Sep 16, 2021 | 260 | Sep 27, 2022 | 197 | Jul 12, 2023 | 457 |
| -2.15% | May 18, 2015 | 187 | Feb 11, 2016 | 47 | Apr 20, 2016 | 234 |
| -1.11% | Sep 2, 2014 | 75 | Dec 16, 2014 | 42 | Feb 18, 2015 | 117 |
| -0.88% | Apr 3, 2025 | 4 | Apr 8, 2025 | 11 | Apr 24, 2025 | 15 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Diversification
Diversification Metrics
Number of Effective Assets
The portfolio contains 5 assets, with an effective number of assets of 5.00, reflecting the diversification based on asset allocation. This number of effective assets indicates a moderate level of diversification, where some assets may have a more significant influence on overall performance.
Asset Correlations Table
| ^GSPC | BIL | SHV | ISTB | SPSB | SHYG | Portfolio | |
|---|---|---|---|---|---|---|---|
| ^GSPC | 1.00 | 0.00 | -0.03 | 0.04 | 0.09 | 0.68 | 0.50 |
| BIL | 0.00 | 1.00 | 0.37 | 0.03 | 0.07 | 0.01 | 0.09 |
| SHV | -0.03 | 0.37 | 1.00 | 0.23 | 0.22 | 0.04 | 0.20 |
| ISTB | 0.04 | 0.03 | 0.23 | 1.00 | 0.62 | 0.22 | 0.63 |
| SPSB | 0.09 | 0.07 | 0.22 | 0.62 | 1.00 | 0.27 | 0.63 |
| SHYG | 0.68 | 0.01 | 0.04 | 0.22 | 0.27 | 1.00 | 0.83 |
| Portfolio | 0.50 | 0.09 | 0.20 | 0.63 | 0.63 | 0.83 | 1.00 |