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SPDR Portfolio Corporate Bond ETF (SPBO)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

ISIN

US78464A1447

CUSIP

78464A144

Issuer

State Street

Inception Date

Apr 6, 2011

Region

Developed Markets (Broad)

Leveraged

1x

Index Tracked

Bloomberg Barclays U.S. Corporate Bond Index

Asset Class

Bond

Expense Ratio

SPBO has an expense ratio of 0.03%, which is considered low compared to other funds.


Expense ratio chart for SPBO: current value at 0.03% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.03%

Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Popular comparisons:
SPBO vs. SPIB SPBO vs. GIGB SPBO vs. USHY SPBO vs. USIG SPBO vs. BSCS SPBO vs. BSCQ SPBO vs. SPHY SPBO vs. BND SPBO vs. AGG SPBO vs. EPI
Popular comparisons:
SPBO vs. SPIB SPBO vs. GIGB SPBO vs. USHY SPBO vs. USIG SPBO vs. BSCS SPBO vs. BSCQ SPBO vs. SPHY SPBO vs. BND SPBO vs. AGG SPBO vs. EPI

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in SPDR Portfolio Corporate Bond ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
4.99%
13.67%
SPBO (SPDR Portfolio Corporate Bond ETF)
Benchmark (^GSPC)

Returns By Period

SPDR Portfolio Corporate Bond ETF had a return of 4.16% year-to-date (YTD) and 8.04% in the last 12 months. Over the past 10 years, SPDR Portfolio Corporate Bond ETF had an annualized return of 2.54%, while the S&P 500 had an annualized return of 11.34%, indicating that SPDR Portfolio Corporate Bond ETF did not perform as well as the benchmark.


SPBO

YTD

4.16%

1M

0.74%

6M

5.44%

1Y

8.04%

5Y (annualized)

0.83%

10Y (annualized)

2.54%

^GSPC (Benchmark)

YTD

25.76%

1M

2.84%

6M

14.58%

1Y

31.82%

5Y (annualized)

13.85%

10Y (annualized)

11.34%

Monthly Returns

The table below presents the monthly returns of SPBO, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024-0.07%-1.41%1.34%-2.56%1.98%0.55%2.40%1.77%1.72%-2.52%4.16%
20234.40%-3.31%2.88%0.79%-1.53%0.64%0.22%-0.78%-2.79%-1.80%6.20%4.05%8.80%
2022-3.05%-2.00%-2.82%-5.35%1.20%-2.88%3.60%-3.60%-5.13%-0.92%5.63%-1.01%-15.68%
2021-1.41%-1.90%-1.34%1.16%0.49%1.75%1.28%-0.22%-1.27%0.46%-0.20%-0.07%-1.33%
20202.28%0.96%-5.95%4.32%2.03%2.05%3.06%-1.43%-0.28%-0.40%3.20%0.39%10.26%
20192.36%-0.13%3.19%0.34%1.41%2.51%0.36%3.32%-0.60%0.28%0.60%0.23%14.68%
2018-0.50%-1.42%0.18%-1.13%0.57%-0.32%0.35%0.51%-0.24%-1.40%0.06%1.58%-1.78%
20170.48%1.08%0.11%0.60%1.11%0.42%0.48%0.76%-0.13%0.08%-0.14%0.50%5.46%
20160.58%0.65%2.06%1.16%-0.03%2.29%1.32%0.30%-0.06%-0.91%-2.42%0.02%4.98%
20153.02%-1.39%0.30%-0.49%-1.64%-1.42%0.63%-0.80%0.86%0.56%0.32%-1.38%-1.52%
20142.07%0.63%0.79%0.94%1.00%0.67%-0.57%1.95%-0.88%0.25%-0.16%1.28%8.24%
20130.68%1.04%-0.39%1.46%-2.20%-3.90%0.48%-0.32%1.04%1.33%-0.15%-0.44%-1.49%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of SPBO is 43, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.


The Risk-Adjusted Performance Rank of SPBO is 4343
Overall Rank
The Sharpe Ratio Rank of SPBO is 4848
Sharpe Ratio Rank
The Sortino Ratio Rank of SPBO is 5050
Sortino Ratio Rank
The Omega Ratio Rank of SPBO is 4646
Omega Ratio Rank
The Calmar Ratio Rank of SPBO is 2828
Calmar Ratio Rank
The Martin Ratio Rank of SPBO is 4242
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for SPDR Portfolio Corporate Bond ETF (SPBO) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


Sharpe ratio
The chart of Sharpe ratio for SPBO, currently valued at 1.45, compared to the broader market-2.000.002.004.001.452.59
The chart of Sortino ratio for SPBO, currently valued at 2.17, compared to the broader market-2.000.002.004.006.008.0010.0012.002.173.45
The chart of Omega ratio for SPBO, currently valued at 1.26, compared to the broader market0.501.001.502.002.503.001.261.48
The chart of Calmar ratio for SPBO, currently valued at 0.66, compared to the broader market0.005.0010.0015.000.663.74
The chart of Martin ratio for SPBO, currently valued at 5.49, compared to the broader market0.0020.0040.0060.0080.00100.005.4916.58
SPBO
^GSPC

The current SPDR Portfolio Corporate Bond ETF Sharpe ratio is 1.45. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of SPDR Portfolio Corporate Bond ETF with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio1.001.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
1.45
2.59
SPBO (SPDR Portfolio Corporate Bond ETF)
Benchmark (^GSPC)

Dividends

Dividend History

SPDR Portfolio Corporate Bond ETF provided a 5.15% dividend yield over the last twelve months, with an annual payout of $1.51 per share. The fund has been increasing its distributions for 2 consecutive years.


3.00%3.50%4.00%4.50%$0.00$0.20$0.40$0.60$0.80$1.00$1.20$1.4020132014201520162017201820192020202120222023
Dividends
Dividend Yield
PeriodTTM20232022202120202019201820172016201520142013
Dividend$1.51$1.39$1.01$0.92$1.03$1.17$1.10$1.02$0.98$0.95$1.04$1.16

Dividend yield

5.15%4.73%3.54%2.65%2.84%3.46%3.60%3.15%3.09%3.07%3.21%3.76%

Monthly Dividends

The table displays the monthly dividend distributions for SPDR Portfolio Corporate Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.00$0.13$0.12$0.13$0.13$0.13$0.13$0.13$0.13$0.13$0.13$1.26
2023$0.00$0.11$0.11$0.11$0.11$0.11$0.11$0.12$0.12$0.12$0.12$0.25$1.39
2022$0.00$0.07$0.07$0.07$0.07$0.07$0.08$0.08$0.09$0.10$0.10$0.20$1.01
2021$0.00$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.22$0.92
2020$0.00$0.09$0.09$0.09$0.09$0.09$0.09$0.08$0.08$0.08$0.08$0.18$1.03
2019$0.00$0.10$0.10$0.10$0.10$0.10$0.10$0.10$0.10$0.10$0.09$0.19$1.17
2018$0.00$0.08$0.09$0.09$0.09$0.09$0.09$0.09$0.10$0.10$0.10$0.20$1.10
2017$0.00$0.08$0.08$0.08$0.08$0.09$0.09$0.09$0.09$0.09$0.09$0.17$1.02
2016$0.00$0.08$0.08$0.08$0.08$0.08$0.08$0.08$0.08$0.08$0.08$0.17$0.98
2015$0.00$0.08$0.08$0.08$0.08$0.08$0.08$0.08$0.08$0.09$0.08$0.16$0.95
2014$0.00$0.09$0.09$0.09$0.09$0.09$0.09$0.09$0.10$0.08$0.08$0.16$1.04
2013$0.09$0.09$0.09$0.09$0.09$0.09$0.09$0.09$0.09$0.09$0.25$1.16

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.


-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-6.11%
-0.38%
SPBO (SPDR Portfolio Corporate Bond ETF)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the SPDR Portfolio Corporate Bond ETF. 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 SPDR Portfolio Corporate Bond ETF was 22.04%, occurring on Oct 20, 2022. The portfolio has not yet recovered.

The current SPDR Portfolio Corporate Bond ETF drawdown is 6.11%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-22.04%Sep 23, 2021272Oct 20, 2022
-20.04%Mar 9, 20209Mar 19, 202060Jun 15, 202069
-9.01%May 2, 201376Aug 19, 2013177May 2, 2014253
-5.58%Jan 4, 202152Mar 18, 202184Jul 19, 2021136
-5.1%Apr 27, 201547Jul 1, 2015212May 4, 2016259

Volatility

Volatility Chart

The current SPDR Portfolio Corporate Bond ETF volatility is 2.11%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
2.11%
4.03%
SPBO (SPDR Portfolio Corporate Bond ETF)
Benchmark (^GSPC)
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The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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