QLTA vs. SPAB
Compare and contrast key facts about iShares Aaa - A Rated Corporate Bond ETF (QLTA) and SPDR Portfolio Aggregate Bond ETF (SPAB).
QLTA and SPAB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QLTA is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Corporate Aaa - A Capped Index. It was launched on Feb 14, 2012. SPAB is a passively managed fund by State Street that tracks the performance of the Bloomberg US Aggregate. It was launched on May 23, 2007. Both QLTA and SPAB 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: QLTA or SPAB.
Correlation
The correlation between QLTA and SPAB is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
QLTA vs. SPAB - Performance Comparison
Key characteristics
QLTA:
0.54
SPAB:
0.55
QLTA:
0.80
SPAB:
0.81
QLTA:
1.09
SPAB:
1.10
QLTA:
0.21
SPAB:
0.22
QLTA:
1.47
SPAB:
1.41
QLTA:
2.10%
SPAB:
2.09%
QLTA:
5.70%
SPAB:
5.32%
QLTA:
-22.27%
SPAB:
-18.56%
QLTA:
-10.11%
SPAB:
-8.89%
Returns By Period
In the year-to-date period, QLTA achieves a 0.22% return, which is significantly lower than SPAB's 0.27% return. Over the past 10 years, QLTA has outperformed SPAB with an annualized return of 1.81%, while SPAB has yielded a comparatively lower 1.22% annualized return.
QLTA
0.22%
1.55%
-1.40%
3.95%
-0.60%
1.81%
SPAB
0.27%
1.32%
-1.66%
3.85%
-0.72%
1.22%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
QLTA vs. SPAB - Expense Ratio Comparison
QLTA has a 0.15% expense ratio, which is higher than SPAB'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%.
Risk-Adjusted Performance
QLTA vs. SPAB — Risk-Adjusted Performance Rank
QLTA
SPAB
QLTA vs. SPAB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Aaa - A Rated Corporate Bond ETF (QLTA) and SPDR Portfolio Aggregate Bond ETF (SPAB). 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
QLTA vs. SPAB - Dividend Comparison
QLTA's dividend yield for the trailing twelve months is around 4.14%, more than SPAB's 3.90% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QLTA iShares Aaa - A Rated Corporate Bond ETF | 4.14% | 4.11% | 3.39% | 2.79% | 1.96% | 2.31% | 2.99% | 3.09% | 2.67% | 2.59% | 2.99% | 2.32% |
SPAB SPDR Portfolio Aggregate Bond ETF | 3.90% | 3.86% | 3.34% | 2.59% | 2.11% | 2.43% | 2.92% | 2.96% | 2.67% | 2.63% | 2.61% | 2.43% |
Drawdowns
QLTA vs. SPAB - Drawdown Comparison
The maximum QLTA drawdown since its inception was -22.27%, which is greater than SPAB's maximum drawdown of -18.56%. Use the drawdown chart below to compare losses from any high point for QLTA and SPAB. For additional features, visit the drawdowns tool.
Volatility
QLTA vs. SPAB - Volatility Comparison
iShares Aaa - A Rated Corporate Bond ETF (QLTA) has a higher volatility of 1.56% compared to SPDR Portfolio Aggregate Bond ETF (SPAB) at 1.47%. This indicates that QLTA's price experiences larger fluctuations and is considered to be riskier than SPAB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.