GNMA vs. SPMB
Compare and contrast key facts about iShares GNMA Bond ETF (GNMA) and SPDR Portfolio Mortgage Backed Bond ETF (SPMB).
GNMA and SPMB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GNMA is a passively managed fund by iShares that tracks the performance of the Barclays Capital GNMA Index. It was launched on Feb 14, 2012. SPMB is a passively managed fund by State Street that tracks the performance of the Bloomberg US Aggregate Securitized - MBS. It was launched on Jan 15, 2009. Both GNMA and SPMB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GNMA or SPMB.
Correlation
The correlation between GNMA and SPMB is 0.58, 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.
Performance
GNMA vs. SPMB - Performance Comparison
Key characteristics
GNMA:
0.90
SPMB:
0.87
GNMA:
1.32
SPMB:
1.28
GNMA:
1.16
SPMB:
1.15
GNMA:
0.44
SPMB:
0.40
GNMA:
2.41
SPMB:
2.27
GNMA:
2.20%
SPMB:
2.32%
GNMA:
5.91%
SPMB:
6.02%
GNMA:
-17.09%
SPMB:
-18.03%
GNMA:
-5.54%
SPMB:
-6.55%
Returns By Period
In the year-to-date period, GNMA achieves a 1.99% return, which is significantly higher than SPMB's 1.61% return. Over the past 10 years, GNMA has underperformed SPMB with an annualized return of 0.80%, while SPMB has yielded a comparatively higher 0.87% annualized return.
GNMA
1.99%
2.06%
-0.41%
5.28%
-0.45%
0.80%
SPMB
1.61%
1.95%
-0.92%
5.32%
-0.72%
0.87%
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GNMA vs. SPMB - Expense Ratio Comparison
GNMA has a 0.15% expense ratio, which is higher than SPMB's 0.04% 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%.
Risk-Adjusted Performance
GNMA vs. SPMB — Risk-Adjusted Performance Rank
GNMA
SPMB
GNMA vs. SPMB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares GNMA Bond ETF (GNMA) and SPDR Portfolio Mortgage Backed Bond ETF (SPMB). 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.
Dividends
GNMA vs. SPMB - Dividend Comparison
GNMA's dividend yield for the trailing twelve months is around 4.32%, more than SPMB's 3.73% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GNMA iShares GNMA Bond ETF | 4.32% | 4.15% | 3.43% | 2.01% | 0.64% | 1.89% | 2.62% | 2.41% | 2.14% | 1.89% | 1.50% | 1.22% |
SPMB SPDR Portfolio Mortgage Backed Bond ETF | 3.73% | 3.76% | 3.21% | 2.97% | 2.60% | 2.95% | 3.24% | 3.36% | 3.14% | 3.00% | 3.05% | 3.54% |
Drawdowns
GNMA vs. SPMB - Drawdown Comparison
The maximum GNMA drawdown since its inception was -17.09%, smaller than the maximum SPMB drawdown of -18.03%. Use the drawdown chart below to compare losses from any high point for GNMA and SPMB. For additional features, visit the drawdowns tool.
Volatility
GNMA vs. SPMB - Volatility Comparison
iShares GNMA Bond ETF (GNMA) and SPDR Portfolio Mortgage Backed Bond ETF (SPMB) have volatilities of 1.54% and 1.61%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.