SPDR Portfolio Corporate Bond ETF (SPBO)
SPBO is a passive ETF by State Street tracking the investment results of the Bloomberg Barclays U.S. Corporate Bond Index. SPBO launched on Apr 6, 2011 and has a 0.03% expense ratio.
ETF Info
| ISIN | US78464A1447 |
|---|---|
| CUSIP | 78464A144 |
| Issuer | State Street |
| Inception Date | Apr 6, 2011 |
| Region | Developed Markets (Broad) |
| Category | Corporate Bonds |
| 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.
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
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.
Returns By Period
SPDR Portfolio Corporate Bond ETF had a return of 2.89% year-to-date (YTD) and 9.15% in the last 12 months. Over the past 10 years, SPDR Portfolio Corporate Bond ETF had an annualized return of 2.49%, while the S&P 500 had an annualized return of 11.11%, indicating that SPDR Portfolio Corporate Bond ETF did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 2.89% | 23.08% |
| 1 month | -2.13% | 0.48% |
| 6 months | 3.56% | 10.70% |
| 1 year | 9.15% | 30.22% |
| 5 years (annualized) | 0.76% | 13.50% |
| 10 years (annualized) | 2.49% | 11.11% |
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.07% | -1.41% | 1.34% | -2.56% | 1.98% | 0.55% | 2.40% | 1.77% | 1.72% | -2.52% | 2.89% | ||
| 2023 | 4.40% | -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% |
| 2020 | 2.28% | 0.96% | -5.95% | 4.32% | 2.03% | 2.05% | 3.06% | -1.43% | -0.28% | -0.40% | 3.20% | 0.39% | 10.26% |
| 2019 | 2.36% | -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% |
| 2017 | 0.48% | 1.08% | 0.11% | 0.60% | 1.11% | 0.42% | 0.48% | 0.76% | -0.13% | 0.08% | -0.14% | 0.50% | 5.46% |
| 2016 | 0.58% | 0.65% | 2.06% | 1.16% | -0.03% | 2.29% | 1.32% | 0.30% | -0.06% | -0.91% | -2.42% | 0.02% | 4.98% |
| 2015 | 3.02% | -1.39% | 0.30% | -0.49% | -1.64% | -1.42% | 0.63% | -0.80% | 0.86% | 0.56% | 0.32% | -1.38% | -1.52% |
| 2014 | 2.07% | 0.63% | 0.79% | 0.94% | 1.00% | 0.67% | -0.57% | 1.95% | -0.88% | 0.25% | -0.16% | 1.28% | 8.24% |
| 2013 | 0.68% | 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 48, 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.
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.
Dividends
Dividend History
SPDR Portfolio Corporate Bond ETF provided a 5.21% 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.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 5.21% | 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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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.
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 7.26%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -22.04% | Sep 23, 2021 | 272 | Oct 20, 2022 | — | — | — |
| -20.04% | Mar 9, 2020 | 9 | Mar 19, 2020 | 60 | Jun 15, 2020 | 69 |
| -9.01% | May 2, 2013 | 76 | Aug 19, 2013 | 177 | May 2, 2014 | 253 |
| -5.58% | Jan 4, 2021 | 52 | Mar 18, 2021 | 84 | Jul 19, 2021 | 136 |
| -5.1% | Apr 27, 2015 | 47 | Jul 1, 2015 | 212 | May 4, 2016 | 259 |
Volatility
Volatility Chart
The current SPDR Portfolio Corporate Bond ETF volatility is 1.97%, 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.