FISR vs. IMTB

Last updated Jun 25, 2026

FISR (SPDR SSGA Fixed Income Sector Rotation ETF) and IMTB (iShares Core 5-10 Year USD Bond ETF) are both Intermediate Core-Plus Bond funds. FISR is actively managed, while IMTB is passively managed. Over the past 5 years, FISR returned -0.66%/yr vs 0.65%/yr for IMTB. Their correlation of 0.85 suggests significant overlap in exposure. FISR charges 0.50%/yr vs 0.06%/yr for IMTB.

Performance

FISR vs. IMTB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR SSGA Fixed Income Sector Rotation ETF (FISR) and iShares Core 5-10 Year USD Bond ETF (IMTB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FISR achieves a 0.85% return, which is significantly higher than IMTB's 0.78% return.

FISR

• 1D: 0.57%
• 1M: 1.27%
• YTD: 0.85%
• 6M: 0.77%
• 1Y: 4.25%
• 3Y*: 3.62%
• 5Y*: -0.66%
• 10Y*: —

IMTB

• 1D: 0.51%
• 1M: 1.14%
• YTD: 0.78%
• 6M: 0.74%
• 1Y: 5.32%
• 3Y*: 4.98%
• 5Y*: 0.65%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FISR vs. IMTB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FISR SPDR SSGA Fixed Income Sector Rotation ETF	0.85%	6.32%	1.01%	5.28%	-15.73%	-1.70%	5.86%	6.74%
IMTB iShares Core 5-10 Year USD Bond ETF	0.78%	8.88%	1.94%	6.10%	-12.75%	-1.41%	6.25%	5.22%

Correlation

The correlation between FISR and IMTB is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (All Time) Calculated using the full available price history since Apr 3, 2019	0.85

The correlation between FISR and IMTB has been stable across timeframes, ranging from 0.85 to 0.92 - a consistent structural relationship.

Return for Risk

FISR vs. IMTB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FISR

FISR Risk / Return Rank: 29
FISR Sharpe Ratio Rank: 30
FISR Sortino Ratio Rank: 29
FISR Omega Ratio Rank: 26
FISR Calmar Ratio Rank: 31
FISR Martin Ratio Rank: 29

IMTB

IMTB Risk / Return Rank: 40
IMTB Sharpe Ratio Rank: 41
IMTB Sortino Ratio Rank: 43
IMTB Omega Ratio Rank: 38
IMTB Calmar Ratio Rank: 41
IMTB Martin Ratio Rank: 38

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FISR vs. IMTB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR SSGA Fixed Income Sector Rotation ETF (FISR) and iShares Core 5-10 Year USD Bond ETF (IMTB). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FISR	IMTB	Difference
Sharpe ratio: Return per unit of total volatility	0.97	1.30	-0.33
Sortino ratio: Return per unit of downside risk	1.45	1.98	-0.53
Omega ratio: Gain probability vs. loss probability	1.17	1.23	-0.06
Calmar ratio: Return relative to maximum drawdown	1.39	1.87	-0.48
Martin ratio: Return relative to average drawdown	3.80	5.42	-1.62

FISR vs. IMTB - Sharpe Ratio Comparison

The current FISR Sharpe Ratio is 0.97, which is comparable to the IMTB Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of FISR and IMTB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FISR vs. IMTB - Drawdown Comparison

The maximum FISR drawdown since its inception was -20.27%, which is greater than IMTB's maximum drawdown of -18.15%. Use the drawdown chart below to compare losses from any high point for FISR and IMTB.

Drawdown Indicators

	FISR	IMTB	Difference
Max Drawdown Largest peak-to-trough decline	-20.27%	-18.15%	-2.12%
Max Drawdown (1Y) Largest decline over 1 year	-3.06%	-2.86%	-0.20%
Max Drawdown (3Y) Largest decline over 3 years	-6.60%	-6.80%	+0.20%
Max Drawdown (5Y) Largest decline over 5 years	-20.10%	-18.11%	-1.99%
Current Drawdown Current decline from peak	-5.56%	-0.95%	-4.61%
Average Drawdown Average peak-to-trough decline	-7.69%	-4.12%	-3.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.12%	0.98%	+0.14%

Volatility

FISR vs. IMTB - Volatility Comparison

SPDR SSGA Fixed Income Sector Rotation ETF (FISR) has a higher volatility of 1.54% compared to iShares Core 5-10 Year USD Bond ETF (IMTB) at 1.45%. This indicates that FISR's price experiences larger fluctuations and is considered to be riskier than IMTB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FISR	IMTB	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.54%	1.45%	+0.09%
Volatility (6M) Calculated over the trailing 6-month period	3.42%	3.19%	+0.23%
Volatility (1Y) Calculated over the trailing 1-year period	4.40%	4.13%	+0.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.61%	6.30%	+0.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.35%	5.18%	+1.17%

FISR vs. IMTB - Expense Ratio Comparison

FISR has a 0.50% expense ratio, which is higher than IMTB's 0.06% expense ratio.

Dividends

FISR vs. IMTB - Dividend Comparison

FISR's dividend yield for the trailing twelve months is around 4.15%, less than IMTB's 4.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FISR SPDR SSGA Fixed Income Sector Rotation ETF	4.15%	3.97%	3.59%	3.50%	2.19%	1.87%	2.47%	2.99%	0.00%	0.00%	0.00%
IMTB iShares Core 5-10 Year USD Bond ETF	4.49%	4.40%	4.42%	4.13%	2.90%	2.49%	2.63%	2.91%	3.04%	2.75%	0.40%

Frequently Asked Questions

Can I hold both FISR and IMTB in my portfolio?

FISR and IMTB have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FISR or IMTB?

FISR has higher volatility (1.54%) compared to IMTB (1.45%). In terms of maximum drawdown, FISR dropped -20.27% vs IMTB's -18.15%.

Which ETF is better, FISR or IMTB?

On 5-year performance, IMTB leads with 0.65% vs -0.66% for FISR. On fees, IMTB is cheaper at 0.06% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FISR or IMTB?

Over the 5-year period, IMTB has performed better with a 0.65% return vs -0.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FISR or IMTB?

IMTB is cheaper with a 0.06% expense ratio, compared with 0.50% for FISR.

Which ETF pays a higher dividend yield, FISR or IMTB?

IMTB has the higher dividend yield at 4.49%, compared with 4.15% for FISR.

What is the main difference between FISR and IMTB?

They also come from different issuers: State Street and iShares. Their fees differ too: 0.50% for FISR and 0.06% for IMTB.

Which has better risk-adjusted returns?

IMTB currently has the higher Sharpe Ratio (1.30 vs 0.97), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.