FTSD vs. SPIB

Last updated Apr 1, 2026

Compare and contrast key facts about Franklin Short Duration U.S. Government ETF (FTSD) and SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB).

FTSD and SPIB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FTSD is an actively managed fund by Franklin Templeton. It was launched on Nov 4, 2013. SPIB is a passively managed fund by State Street that tracks the performance of the Bloomberg US Aggregate Credit - Corporate - Investment Grade - Intermediate. It was launched on Feb 10, 2009.

Performance

FTSD vs. SPIB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Short Duration U.S. Government ETF (FTSD) and SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB). The values are adjusted to include any dividend payments, if applicable.

FTSD vs. SPIB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FTSD Franklin Short Duration U.S. Government ETF	0.40%	5.66%	5.20%	4.84%	-3.13%	-0.90%	3.13%	2.40%	1.64%	0.63%
SPIB SPDR Portfolio Intermediate Term Corporate Bond ETF	-0.08%	7.91%	4.28%	7.27%	-9.65%	-1.24%	7.69%	10.23%	-0.49%	3.76%

Returns By Period

In the year-to-date period, FTSD achieves a 0.40% return, which is significantly higher than SPIB's -0.08% return. Over the past 10 years, FTSD has underperformed SPIB with an annualized return of 2.06%, while SPIB has yielded a comparatively higher 2.91% annualized return.

FTSD

• 1D: 0.06%
• 1M: -0.13%
• YTD: 0.40%
• 6M: 1.94%
• 1Y: 4.66%
• 3Y*: 4.83%
• 5Y*: 2.40%
• 10Y*: 2.06%

SPIB

• 1D: 0.39%
• 1M: -1.31%
• YTD: -0.08%
• 6M: 1.15%
• 1Y: 5.46%
• 3Y*: 5.51%
• 5Y*: 1.89%
• 10Y*: 2.91%

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

FTSD vs. SPIB - Expense Ratio Comparison

FTSD has a 0.25% expense ratio, which is higher than SPIB's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

FTSD

Franklin Short Duration U.S. Government ETF

SPIB

SPDR Portfolio Intermediate Term Corporate Bond ETF

Return for Risk

FTSD vs. SPIB — Risk / Return Rank

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

FTSD

FTSD Risk / Return Rank: 97
FTSD Sharpe Ratio Rank: 95
FTSD Sortino Ratio Rank: 96
FTSD Omega Ratio Rank: 97
FTSD Calmar Ratio Rank: 97
FTSD Martin Ratio Rank: 98

SPIB

SPIB Risk / Return Rank: 86
SPIB Sharpe Ratio Rank: 85
SPIB Sortino Ratio Rank: 87
SPIB Omega Ratio Rank: 83
SPIB Calmar Ratio Rank: 88
SPIB Martin Ratio Rank: 87

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.

FTSD vs. SPIB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Short Duration U.S. Government ETF (FTSD) and SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB). 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.

	FTSD	SPIB	Difference
Sharpe ratio Return per unit of total volatility	2.38	1.64	+0.74
Sortino ratio Return per unit of downside risk	3.39	2.33	+1.06
Omega ratio Gain probability vs. loss probability	1.60	1.32	+0.28
Calmar ratio Return relative to maximum drawdown	4.85	2.72	+2.13
Martin ratio Return relative to average drawdown	22.05	10.05	+12.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FTSD vs. SPIB - Sharpe Ratio Comparison

The current FTSD Sharpe Ratio is 2.38, which is higher than the SPIB Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of FTSD and SPIB, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FTSD	SPIB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.38	1.64	+0.74
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.31	0.43	+0.89
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.15	0.64	+0.52
Sharpe Ratio (All Time) Calculated using the full available price history	1.04	0.88	+0.16

Correlation

The correlation between FTSD and SPIB is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FTSD vs. SPIB - Dividend Comparison

FTSD's dividend yield for the trailing twelve months is around 4.55%, more than SPIB's 4.43% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTSD Franklin Short Duration U.S. Government ETF	4.55%	4.67%	4.75%	4.14%	1.73%	1.01%	1.54%	2.90%	2.63%	2.24%	1.92%	1.52%
SPIB SPDR Portfolio Intermediate Term Corporate Bond ETF	4.43%	4.42%	4.41%	3.84%	2.65%	1.58%	2.18%	3.03%	3.04%	2.79%	2.68%	2.69%

Drawdowns

FTSD vs. SPIB - Drawdown Comparison

The maximum FTSD drawdown since its inception was -5.32%, smaller than the maximum SPIB drawdown of -14.94%. Use the drawdown chart below to compare losses from any high point for FTSD and SPIB.

Drawdown Indicators

	FTSD	SPIB	Difference
Max Drawdown Largest peak-to-trough decline	-5.32%	-14.94%	+9.62%
Max Drawdown (1Y) Largest decline over 1 year	-0.93%	-2.02%	+1.09%
Max Drawdown (5Y) Largest decline over 5 years	-5.08%	-14.80%	+9.72%
Max Drawdown (10Y) Largest decline over 10 years	-5.32%	-14.94%	+9.62%
Current Drawdown Current decline from peak	-0.14%	-1.31%	+1.17%
Average Drawdown Average peak-to-trough decline	-0.61%	-1.91%	+1.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.20%	0.55%	-0.35%

Volatility

FTSD vs. SPIB - Volatility Comparison

The current volatility for Franklin Short Duration U.S. Government ETF (FTSD) is 0.53%, while SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB) has a volatility of 1.40%. This indicates that FTSD experiences smaller price fluctuations and is considered to be less risky than SPIB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTSD	SPIB	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.53%	1.40%	-0.87%
Volatility (6M) Calculated over the trailing 6-month period	0.87%	1.95%	-1.08%
Volatility (1Y) Calculated over the trailing 1-year period	1.97%	3.35%	-1.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.83%	4.45%	-2.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.79%	4.59%	-2.80%