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 |
| Home Page | www.ssga.com |
| Asset Class | Bond |
Expense Ratio
SPSB has an expense ratio of 0.07% which is considered to be low.
Share Price Chart
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Performance
Performance Chart
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.
Returns By Period
SPDR Portfolio Short Term Corporate Bond ETF had a return of 1.22% year-to-date (YTD) and 5.03% in the last 12 months. Over the past 10 years, SPDR Portfolio Short Term Corporate Bond ETF had an annualized return of 1.81%, while the S&P 500 had an annualized return of 10.90%, indicating that SPDR Portfolio Short Term Corporate Bond ETF did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.22% | 11.05% |
| 1 month | 0.92% | 4.86% |
| 6 months | 3.22% | 17.50% |
| 1 year | 5.03% | 27.37% |
| 5 years (annualized) | 1.97% | 13.14% |
| 10 years (annualized) | 1.81% | 10.90% |
Monthly Returns
The table below presents the monthly returns of SPSB, 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 | 0.47% | -0.28% | 0.55% | -0.20% | 1.22% | ||||||||
| 2023 | 1.09% | -0.69% | 1.03% | 0.44% | -0.20% | 0.04% | 0.54% | 0.25% | -0.15% | 0.23% | 1.58% | 1.33% | 5.60% |
| 2022 | -0.84% | -0.51% | -1.22% | -0.74% | 0.68% | -0.94% | 1.02% | -0.91% | -1.34% | -0.15% | 1.35% | 0.27% | -3.31% |
| 2021 | 0.00% | -0.02% | -0.04% | 0.16% | 0.16% | -0.07% | 0.12% | 0.01% | -0.05% | -0.37% | -0.22% | 0.14% | -0.19% |
| 2020 | 0.58% | 0.40% | -2.47% | 2.46% | 1.06% | 0.62% | 0.45% | 0.15% | -0.04% | 0.08% | 0.36% | 0.19% | 3.83% |
| 2019 | 0.90% | 0.27% | 0.67% | 0.27% | 0.54% | 0.67% | 0.08% | 0.72% | 0.14% | 0.36% | 0.09% | 0.40% | 5.21% |
| 2018 | -0.23% | -0.35% | 0.16% | 0.06% | 0.34% | -0.02% | 0.30% | 0.44% | -0.04% | -0.04% | 0.16% | 0.67% | 1.45% |
| 2017 | 0.20% | 0.21% | 0.15% | 0.24% | 0.25% | 0.05% | 0.35% | 0.25% | -0.04% | 0.12% | -0.33% | 0.13% | 1.58% |
| 2016 | -0.07% | 0.49% | 0.60% | 0.36% | -0.09% | 0.63% | 0.33% | -0.09% | 0.14% | -0.06% | -0.42% | 0.25% | 2.09% |
| 2015 | 0.41% | 0.23% | 0.15% | -0.05% | -0.01% | -0.08% | 0.12% | -0.31% | 0.28% | 0.29% | 0.12% | -0.30% | 0.86% |
| 2014 | 0.16% | 0.32% | -0.05% | 0.19% | 0.29% | -0.04% | -0.13% | 0.22% | -0.20% | 0.30% | 0.03% | -0.24% | 0.86% |
| 2013 | 0.13% | 0.17% | 0.02% | 0.36% | -0.22% | -0.36% | 0.36% | -0.26% | 0.69% | 0.20% | 0.26% | -0.04% | 1.32% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of SPSB is 91, placing it in the top 9% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
SPSB (SPDR Portfolio Short Term Corporate Bond ETF)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for SPDR Portfolio Short Term Corporate Bond ETF (SPSB) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
SPDR Portfolio Short Term Corporate Bond ETF granted a 4.48% dividend yield in the last twelve months. The annual payout for that period amounted to $1.33 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.33 | $1.21 | $0.56 | $0.37 | $0.61 | $0.85 | $0.71 | $0.59 | $0.50 | $0.44 | $0.38 | $0.43 |
Dividend yield | 4.48% | 4.05% | 1.92% | 1.19% | 1.94% | 2.77% | 2.36% | 1.94% | 1.65% | 1.43% | 1.24% | 1.41% |
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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.12 | $0.11 | $0.12 | $0.12 | $0.47 | |||||||
| 2023 | $0.00 | $0.08 | $0.08 | $0.09 | $0.09 | $0.09 | $0.10 | $0.10 | $0.11 | $0.11 | $0.11 | $0.24 | $1.21 |
| 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 | $0.56 |
| 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 | $0.37 |
| 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 | $0.61 |
| 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 | $0.85 |
| 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 | $0.71 |
| 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 | $0.59 |
| 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 | $0.50 |
| 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 | $0.44 |
| 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 | $0.38 |
| 2013 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.12 | $0.43 |
Drawdowns
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.
The current SPDR Portfolio Short Term Corporate Bond ETF drawdown is 0.07%.
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
Volatility Chart
The current SPDR Portfolio Short Term Corporate Bond ETF volatility is 0.44%, 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.