GIGL vs. SPLB
GIGL (Goldman Sachs Corporate Bond ETF) and SPLB (SPDR Portfolio Long Term Corporate Bond ETF) are both Corporate Bonds funds. Over the past year, GIGL returned 4.94% vs 6.62% for SPLB. Their correlation of 0.94 suggests significant overlap in exposure. GIGL charges 0.29%/yr vs 0.07%/yr for SPLB.
Performance
GIGL vs. SPLB - Performance Comparison
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Returns By Period
In the year-to-date period, GIGL achieves a 1.13% return, which is significantly lower than SPLB's 2.28% return.
GIGL
- 1D
- 0.06%
- 1M
- 1.03%
- YTD
- 1.13%
- 6M
- 0.93%
- 1Y
- 4.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPLB
- 1D
- 0.04%
- 1M
- 1.85%
- YTD
- 2.28%
- 6M
- 1.56%
- 1Y
- 6.62%
- 3Y*
- 4.44%
- 5Y*
- -1.98%
- 10Y*
- 2.17%
GIGL vs. SPLB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GIGL Goldman Sachs Corporate Bond ETF | 1.13% | 3.76% |
SPLB SPDR Portfolio Long Term Corporate Bond ETF | 2.28% | 4.24% |
Correlation
The correlation between GIGL and SPLB is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | 0.94 |
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Return for Risk
GIGL vs. SPLB — Risk / Return Rank
GIGL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SPLB
GIGL vs. SPLB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Corporate Bond ETF (GIGL) and SPDR Portfolio Long Term Corporate Bond ETF (SPLB). 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.
| GIGL | SPLB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.15 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.23 | — |
| Martin ratioReturn relative to average drawdown | — | 2.98 | — |
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Drawdowns
GIGL vs. SPLB - Drawdown Comparison
The maximum GIGL drawdown since its inception was -3.13%, smaller than the maximum SPLB drawdown of -34.46%. Use the drawdown chart below to compare losses from any high point for GIGL and SPLB.
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Drawdown Indicators
| GIGL | SPLB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.13% | -34.46% | +31.33% |
Max Drawdown (1Y)Largest decline over 1 year | -3.13% | -5.42% | +2.29% |
Max Drawdown (3Y)Largest decline over 3 years | — | -12.91% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.46% | — |
Current DrawdownCurrent decline from peak | -0.39% | -13.38% | +12.99% |
Average DrawdownAverage peak-to-trough decline | -0.72% | -8.03% | +7.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.22% | — |
Volatility
GIGL vs. SPLB - Volatility Comparison
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Volatility by Period
| GIGL | SPLB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.96% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 5.93% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.17% | 7.94% | -3.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.17% | 12.69% | -8.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.17% | 12.95% | -8.78% |
GIGL vs. SPLB - Expense Ratio Comparison
GIGL has a 0.29% expense ratio, which is higher than SPLB's 0.07% expense ratio.
Dividends
GIGL vs. SPLB - Dividend Comparison
GIGL's dividend yield for the trailing twelve months is around 3.75%, less than SPLB's 5.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GIGL Goldman Sachs Corporate Bond ETF | 3.75% | 2.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPLB SPDR Portfolio Long Term Corporate Bond ETF | 5.30% | 5.25% | 5.20% | 4.60% | 4.53% | 3.00% | 3.01% | 3.79% | 4.50% | 4.06% | 4.34% | 4.70% |
Frequently Asked Questions
With a correlation of 0.94, GIGL and SPLB move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On 1-year performance, SPLB leads with 6.62% vs 4.94% for GIGL. On fees, SPLB is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SPLB has performed better with a 6.62% return vs 4.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPLB is cheaper with a 0.07% expense ratio, compared with 0.29% for GIGL.
SPLB has the higher dividend yield at 5.30%, compared with 3.75% for GIGL.
They also come from different issuers: Goldman Sachs and State Street. Their fees differ too: 0.29% for GIGL and 0.07% for SPLB.
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