IBND vs. SPYM
IBND (SPDR Bloomberg Barclays International Corporate Bond ETF) and SPYM (State Street SPDR Portfolio S&P 500 ETF) are both exchange-traded funds - IBND is a Corporate Bonds fund tracking the Bloomberg Global Aggregate x USD >$1B: Corporate Bond, while SPYM is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, IBND returned 0.56%/yr vs 15.18%/yr for SPYM. At a 0.17 correlation, their price movements are largely independent. IBND charges 0.50%/yr vs 0.02%/yr for SPYM.
Performance
IBND vs. SPYM - Performance Comparison
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Returns By Period
In the year-to-date period, IBND achieves a -2.74% return, which is significantly lower than SPYM's 10.50% return. Over the past 10 years, IBND has underperformed SPYM with an annualized return of 0.56%, while SPYM has yielded a comparatively higher 15.18% annualized return.
IBND
- 1D
- -0.68%
- 1M
- -1.81%
- 6M
- -2.62%
- YTD
- -2.74%
- 1Y
- -1.37%
- 3Y*
- 4.39%
- 5Y*
- -1.48%
- 10Y*
- 0.56%
SPYM
- 1D
- -0.75%
- 1M
- 1.29%
- 6M
- 8.37%
- YTD
- 10.50%
- 1Y
- 21.58%
- 3Y*
- 20.18%
- 5Y*
- 13.01%
- 10Y*
- 15.18%
IBND vs. SPYM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBND SPDR Bloomberg Barclays International Corporate Bond ETF | -2.74% | 16.17% | -2.81% | 10.38% | -19.44% | -8.40% | 11.50% | 4.41% | -6.15% | 14.84% |
SPYM State Street SPDR Portfolio S&P 500 ETF | 10.50% | 17.79% | 25.00% | 26.24% | -18.09% | 28.78% | 18.49% | 31.99% | -4.78% | 21.30% |
Correlation
The correlation between IBND and SPYM is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since May 20, 2010 | 0.17 |
Over the past year, IBND and SPYM have become more correlated (0.40) than their long-term average of 0.17, meaning their price movements have been converging.
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Return for Risk
IBND vs. SPYM — Risk / Return Rank
IBND
SPYM
IBND vs. SPYM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Barclays International Corporate Bond ETF (IBND) and State Street SPDR Portfolio S&P 500 ETF (SPYM). 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.
| IBND | SPYM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.90 | ||
| Sortino ratioReturn per unit of downside risk | -2.58 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.31 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | 2.43 | -2.64 |
| Martin ratioReturn relative to average drawdown | -0.48 | 10.62 | -11.10 |
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Drawdowns
IBND vs. SPYM - Drawdown Comparison
The maximum IBND drawdown since its inception was -35.62%, smaller than the maximum SPYM drawdown of -54.46%. Use the drawdown chart below to compare losses from any high point for IBND and SPYM.
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Drawdown Indicators
| IBND | SPYM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.62% | -54.46% | +18.84% |
Max Drawdown (1Y)Largest decline over 1 year | -6.75% | -8.90% | +2.15% |
Max Drawdown (3Y)Largest decline over 3 years | -9.18% | -18.72% | +9.54% |
Max Drawdown (5Y)Largest decline over 5 years | -33.49% | -24.48% | -9.01% |
Max Drawdown (10Y)Largest decline over 10 years | -35.62% | -33.87% | -1.75% |
Current DrawdownCurrent decline from peak | -10.97% | -1.09% | -9.88% |
Average DrawdownAverage peak-to-trough decline | -10.63% | -7.13% | -3.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | 2.04% | +0.80% |
Volatility
IBND vs. SPYM - Volatility Comparison
The current volatility for SPDR Bloomberg Barclays International Corporate Bond ETF (IBND) is 2.12%, while State Street SPDR Portfolio S&P 500 ETF (SPYM) has a volatility of 4.22%. This indicates that IBND experiences smaller price fluctuations and is considered to be less risky than SPYM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBND | SPYM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.12% | 4.22% | -2.10% |
Volatility (6M)Calculated over the trailing 6-month period | 6.37% | 9.99% | -3.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.01% | 12.55% | -4.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.76% | 16.92% | -7.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.92% | 18.00% | -9.08% |
IBND vs. SPYM - Expense Ratio Comparison
IBND has a 0.50% expense ratio, which is higher than SPYM's 0.02% expense ratio.
Dividends
IBND vs. SPYM - Dividend Comparison
IBND's dividend yield for the trailing twelve months is around 2.81%, more than SPYM's 1.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBND SPDR Bloomberg Barclays International Corporate Bond ETF | 2.81% | 2.49% | 2.61% | 2.08% | 0.54% | 0.38% | 0.45% | 0.67% | 0.71% | 0.34% | 0.01% | 0.01% |
SPYM State Street SPDR Portfolio S&P 500 ETF | 1.03% | 1.13% | 1.28% | 1.44% | 1.69% | 1.25% | 1.54% | 1.79% | 2.23% | 1.75% | 1.97% | 1.98% |
Frequently Asked Questions
IBND and SPYM have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPYM has higher volatility (4.22%) compared to IBND (2.12%). In terms of maximum drawdown, IBND dropped -35.62% vs SPYM's -54.46%.
On 10-year performance, SPYM leads with 15.18% vs 0.56% for IBND. On fees, SPYM is cheaper at 0.02% per year. On volatility, IBND has been the lower-risk option at 2.12%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SPYM has performed better with a 15.18% return vs 0.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPYM is cheaper with a 0.02% expense ratio, compared with 0.50% for IBND.
IBND has the higher dividend yield at 2.81%, compared with 1.03% for SPYM.
IBND is categorized as Corporate Bonds, while SPYM is S&P 500. IBND tracks Bloomberg Global Aggregate x USD >$1B: Corporate Bond, while SPYM tracks S&P 500 Index. Their fees differ too: 0.50% for IBND and 0.02% for SPYM.
SPYM currently has the higher Sharpe Ratio (1.73 vs -0.17), 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.
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