SPLB vs. HBB
Compare and contrast key facts about SPDR Portfolio Long Term Corporate Bond ETF (SPLB) and Hamilton Beach Brands Holding Company (HBB).
SPLB is a passively managed fund by State Street that tracks the performance of the Bloomberg Barclays Long U.S. Corporate Index. It was launched on Mar 10, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPLB or HBB.
Correlation
The correlation between SPLB and HBB is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
SPLB vs. HBB - Performance Comparison
Key characteristics
SPLB:
0.19
HBB:
-0.57
SPLB:
0.30
HBB:
-0.48
SPLB:
1.04
HBB:
0.93
SPLB:
0.08
HBB:
-0.63
SPLB:
0.40
HBB:
-1.15
SPLB:
4.69%
HBB:
31.77%
SPLB:
11.44%
HBB:
66.73%
SPLB:
-34.46%
HBB:
-81.89%
SPLB:
-21.12%
HBB:
-56.19%
Returns By Period
In the year-to-date period, SPLB achieves a -0.29% return, which is significantly higher than HBB's -12.85% return.
SPLB
-0.29%
1.90%
-3.30%
2.19%
-1.75%
2.33%
HBB
-12.85%
-14.24%
-33.15%
-37.76%
7.90%
N/A
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Risk-Adjusted Performance
SPLB vs. HBB — Risk-Adjusted Performance Rank
SPLB
HBB
SPLB vs. HBB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Long Term Corporate Bond ETF (SPLB) and Hamilton Beach Brands Holding Company (HBB). 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
SPLB vs. HBB - Dividend Comparison
SPLB's dividend yield for the trailing twelve months is around 5.36%, more than HBB's 3.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPLB SPDR Portfolio Long Term Corporate Bond ETF | 5.36% | 5.20% | 4.60% | 4.53% | 3.00% | 3.01% | 3.79% | 4.50% | 4.06% | 4.34% | 4.70% | 4.25% |
HBB Hamilton Beach Brands Holding Company | 3.16% | 2.70% | 2.49% | 3.35% | 2.75% | 2.11% | 1.86% | 1.45% | 0.33% | 0.00% | 0.00% | 0.00% |
Drawdowns
SPLB vs. HBB - Drawdown Comparison
The maximum SPLB drawdown since its inception was -34.46%, smaller than the maximum HBB drawdown of -81.89%. Use the drawdown chart below to compare losses from any high point for SPLB and HBB. For additional features, visit the drawdowns tool.
Volatility
SPLB vs. HBB - Volatility Comparison
The current volatility for SPDR Portfolio Long Term Corporate Bond ETF (SPLB) is 5.07%, while Hamilton Beach Brands Holding Company (HBB) has a volatility of 30.71%. This indicates that SPLB experiences smaller price fluctuations and is considered to be less risky than HBB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.