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SPDR Portfolio Short Term Corporate Bond ETF (SPSB)

ETF · Currency in USD · Last updated Dec 8, 2023

SPSB is a passive ETF by State Street tracking the investment results of the Bloomberg Barclays U.S. 1-3 Year Corporate Bond Index. SPSB launched on Dec 16, 2009 and has a 0.07% expense ratio.

Summary

ETF Info

ISINUS78464A4748
CUSIP78464A474
IssuerState Street
Inception DateDec 16, 2009
RegionNorth America (U.S.)
CategoryCorporate Bonds
Index TrackedBloomberg Barclays U.S. 1-3 Year Corporate Bond Index
ETF Home Pagewww.ssga.com
Asset ClassBond

Expense Ratio

The SPDR Portfolio Short Term Corporate Bond ETF has an expense ratio of 0.07% which is considered to be low.


0.07%
0.00%2.15%

Share Price Chart


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Performance

The chart shows the growth of an initial investment of $10,000 in SPDR Portfolio Short Term 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.


-4.00%-2.00%0.00%2.00%4.00%6.00%8.00%JulyAugustSeptemberOctoberNovemberDecember
2.90%
6.79%
SPSB (SPDR Portfolio Short Term Corporate Bond ETF)
Benchmark (^GSPC)

S&P 500

Compare to other instruments

Search for stocks, ETFs, and funds to compare with SPSB

SPDR Portfolio Short Term Corporate Bond ETF

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Return

SPDR Portfolio Short Term Corporate Bond ETF had a return of 4.55% year-to-date (YTD) and 4.55% in the last 12 months. Over the past 10 years, SPDR Portfolio Short Term Corporate Bond ETF had an annualized return of 1.67%, while the S&P 500 had an annualized return of 9.77%, indicating that SPDR Portfolio Short Term Corporate Bond ETF did not perform as well as the benchmark.


PeriodReturnBenchmark
Year-To-Date4.55%19.43%
1 month1.41%4.73%
6 months2.90%6.79%
1 year4.55%16.57%
5 years (annualized)2.10%11.75%
10 years (annualized)1.67%9.77%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
2023-0.20%0.04%0.54%0.25%-0.15%0.23%1.58%

Risk-Adjusted Performance

This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Short Term Corporate Bond ETF (SPSB) and S&P 500 (^GSPC). 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 ratioSortino ratioOmega ratioCalmar ratioUlcer Index
SPSB
SPDR Portfolio Short Term Corporate Bond ETF
2.10
^GSPC
S&P 500
1.20

Sharpe Ratio

The current SPDR Portfolio Short Term Corporate Bond ETF Sharpe ratio is 2.10. A Sharpe ratio higher than 2.0 is considered very good.


Rolling 12-month Sharpe Ratio0.000.501.001.502.00JulyAugustSeptemberOctoberNovemberDecember
2.10
1.20
SPSB (SPDR Portfolio Short Term Corporate Bond ETF)
Benchmark (^GSPC)

Dividend History

SPDR Portfolio Short Term Corporate Bond ETF granted a 3.92% dividend yield in the last twelve months. The annual payout for that period amounted to $1.16 per share.


PeriodTTM20222021202020192018201720162015201420132012
Dividend$1.16$0.56$0.37$0.61$0.85$0.71$0.59$0.50$0.44$0.38$0.43$0.48

Dividend yield

3.92%1.92%1.19%1.94%2.77%2.36%1.94%1.65%1.43%1.24%1.41%1.55%

Monthly Dividends

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


JanFebMarAprMayJunJulAugSepOctNovDec
2023$0.00$0.08$0.08$0.09$0.09$0.09$0.10$0.10$0.11$0.11$0.11
2022$0.00$0.02$0.03$0.03$0.03$0.04$0.04$0.05$0.05$0.06$0.06$0.15
2021$0.00$0.03$0.04$0.03$0.03$0.03$0.03$0.02$0.02$0.02$0.02$0.09
2020$0.00$0.06$0.06$0.06$0.06$0.05$0.05$0.05$0.05$0.04$0.04$0.08
2019$0.00$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.13
2018$0.00$0.04$0.05$0.05$0.05$0.05$0.06$0.06$0.07$0.07$0.07$0.14
2017$0.00$0.04$0.05$0.04$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.13
2016$0.00$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.09
2015$0.00$0.03$0.04$0.03$0.04$0.03$0.04$0.04$0.04$0.04$0.04$0.08
2014$0.00$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.08
2013$0.00$0.03$0.04$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.12
2012$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.03$0.09

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-15.00%-10.00%-5.00%0.00%JulyAugustSeptemberOctoberNovemberDecember0
-4.40%
SPSB (SPDR Portfolio Short Term Corporate Bond ETF)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the SPDR Portfolio Short Term 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 Short Term Corporate Bond ETF was 11.75%, occurring on Mar 19, 2020. Recovery took 41 trading sessions.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-11.75%Mar 6, 202010Mar 19, 202041May 18, 202051
-5.96%Sep 17, 2021276Oct 20, 2022277Nov 28, 2023553
-1.39%Aug 2, 201181Nov 23, 201131Jan 10, 2012112
-1.28%Dec 21, 20097Dec 30, 2009134Jul 14, 2010141
-1.02%Nov 5, 201027Dec 14, 201031Jan 28, 201158

Volatility Chart

The current SPDR Portfolio Short Term Corporate Bond ETF volatility is 0.74%, 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.


0.00%1.00%2.00%3.00%4.00%5.00%JulyAugustSeptemberOctoberNovemberDecember
0.74%
2.98%
SPSB (SPDR Portfolio Short Term Corporate Bond ETF)
Benchmark (^GSPC)