SPDR Portfolio Short Term Corporate Bond ETF (SPSB)
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.
ETF Info
| ISIN | US78464A4748 |
|---|---|
| CUSIP | 78464A474 |
| Issuer | State Street |
| Inception Date | Dec 16, 2009 |
| Region | North America (U.S.) |
| Category | Corporate Bonds |
| Index Tracked | Bloomberg Barclays U.S. 1-3 Year Corporate Bond Index |
| ETF Home Page | www.ssga.com |
| Asset Class | Bond |
Expense Ratio
The SPDR Portfolio Short Term Corporate Bond ETF has an expense ratio of 0.07% which is considered to be low.
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.
Compare to other instruments
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.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 4.55% | 19.43% |
| 1 month | 1.41% | 4.73% |
| 6 months | 2.90% | 6.79% |
| 1 year | 4.55% | 16.57% |
| 5 years (annualized) | 2.10% | 11.75% |
| 10 years (annualized) | 1.67% | 9.77% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
SPSB SPDR Portfolio Short Term Corporate Bond ETF | 2.10 | ||||
^GSPC S&P 500 | 1.20 |
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.
| Period | TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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.
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, 2020 | 10 | Mar 19, 2020 | 41 | May 18, 2020 | 51 |
| -5.96% | Sep 17, 2021 | 276 | Oct 20, 2022 | 277 | Nov 28, 2023 | 553 |
| -1.39% | Aug 2, 2011 | 81 | Nov 23, 2011 | 31 | Jan 10, 2012 | 112 |
| -1.28% | Dec 21, 2009 | 7 | Dec 30, 2009 | 134 | Jul 14, 2010 | 141 |
| -1.02% | Nov 5, 2010 | 27 | Dec 14, 2010 | 31 | Jan 28, 2011 | 58 |
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.