IG vs. SPBO
IG (Principal Investment Grade Corporate Active ETF) and SPBO (SPDR Portfolio Corporate Bond ETF) are both Corporate Bonds funds. IG is actively managed, while SPBO is passively managed. With a 0.96 correlation, they move nearly in lockstep. IG charges 0.26%/yr vs 0.03%/yr for SPBO.
Performance
IG vs. SPBO - Performance Comparison
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Returns By Period
IG
- 1D
- 0.46%
- 1M
- 1.35%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPBO
- 1D
- 0.41%
- 1M
- 1.15%
- YTD
- 1.32%
- 6M
- 1.08%
- 1Y
- 5.29%
- 3Y*
- 5.63%
- 5Y*
- 0.62%
- 10Y*
- 2.78%
IG vs. SPBO - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
IG Principal Investment Grade Corporate Active ETF | 0.58% |
SPBO SPDR Portfolio Corporate Bond ETF | 0.64% |
Correlation
The correlation between IG and SPBO is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Apr 22, 2026 | 0.96 |
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Return for Risk
IG vs. SPBO — Risk / Return Rank
IG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SPBO
IG vs. SPBO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Investment Grade Corporate Active ETF (IG) and SPDR Portfolio Corporate Bond ETF (SPBO). 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.
| IG | SPBO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.22 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.85 | — |
| Martin ratioReturn relative to average drawdown | — | 5.73 | — |
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Drawdowns
IG vs. SPBO - Drawdown Comparison
The maximum IG drawdown since its inception was -1.75%, smaller than the maximum SPBO drawdown of -22.23%. Use the drawdown chart below to compare losses from any high point for IG and SPBO.
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Drawdown Indicators
| IG | SPBO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.75% | -22.23% | +20.48% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.87% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -6.41% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.23% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.23% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.29% | +0.29% |
Average DrawdownAverage peak-to-trough decline | -0.44% | -4.03% | +3.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.93% | — |
Volatility
IG vs. SPBO - Volatility Comparison
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Volatility by Period
| IG | SPBO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.22% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.30% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.88% | 4.36% | +0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.88% | 7.18% | -2.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.88% | 7.49% | -2.61% |
IG vs. SPBO - Expense Ratio Comparison
IG has a 0.26% expense ratio, which is higher than SPBO's 0.03% 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%.
Dividends
IG vs. SPBO - Dividend Comparison
IG's dividend yield for the trailing twelve months is around 0.84%, less than SPBO's 5.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IG Principal Investment Grade Corporate Active ETF | 0.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPBO SPDR Portfolio Corporate Bond ETF | 5.08% | 5.09% | 5.28% | 4.73% | 3.54% | 2.42% | 2.75% | 3.46% | 3.60% | 3.15% | 3.35% | 3.07% |
Frequently Asked Questions
With a correlation of 0.96, IG and SPBO 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 fees, SPBO is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPBO is cheaper with a 0.03% expense ratio, compared with 0.26% for IG.
SPBO has the higher dividend yield at 5.08%, compared with 0.84% for IG.
They also come from different issuers: Principal and State Street. Their fees differ too: 0.26% for IG and 0.03% for SPBO.
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