SBND vs. SPY
Compare and contrast key facts about Columbia Short Duration Bond ETF (SBND) and State Street SPDR S&P 500 ETF (SPY).
SBND and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SBND is a passively managed fund by Columbia that tracks the performance of the Bloomberg Beta Advantage Short Term Bond (-300%). It was launched on Sep 21, 2021. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both SBND and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
SBND vs. SPY - Performance Comparison
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SBND vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SBND Columbia Short Duration Bond ETF | -0.06% | 7.50% | 4.83% | 7.20% | -7.24% | -0.68% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 9.92% |
Returns By Period
In the year-to-date period, SBND achieves a -0.06% return, which is significantly higher than SPY's -4.37% return.
SBND
- 1D
- 0.45%
- 1M
- -1.10%
- YTD
- -0.06%
- 6M
- 1.20%
- 1Y
- 5.81%
- 3Y*
- 5.69%
- 5Y*
- —
- 10Y*
- —
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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SBND vs. SPY - Expense Ratio Comparison
SBND has a 0.25% expense ratio, which is higher than SPY's 0.09% 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%.
Return for Risk
SBND vs. SPY — Risk / Return Rank
SBND
SPY
SBND vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Short Duration Bond ETF (SBND) and State Street SPDR S&P 500 ETF (SPY). 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.
| SBND | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.06 | 0.93 | +1.14 |
Sortino ratioReturn per unit of downside risk | 3.02 | 1.45 | +1.57 |
Omega ratioGain probability vs. loss probability | 1.43 | 1.22 | +0.20 |
Calmar ratioReturn relative to maximum drawdown | 3.41 | 1.53 | +1.88 |
Martin ratioReturn relative to average drawdown | 13.86 | 7.30 | +6.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SBND | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.06 | 0.93 | +1.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.69 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.56 | +0.09 |
Correlation
The correlation between SBND and SPY is 0.35, 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.
Dividends
SBND vs. SPY - Dividend Comparison
SBND's dividend yield for the trailing twelve months is around 4.62%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SBND Columbia Short Duration Bond ETF | 4.62% | 4.65% | 4.58% | 3.90% | 2.80% | 0.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
SBND vs. SPY - Drawdown Comparison
The maximum SBND drawdown since its inception was -10.78%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SBND and SPY.
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Drawdown Indicators
| SBND | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.78% | -55.19% | +44.41% |
Max Drawdown (1Y)Largest decline over 1 year | -1.71% | -12.05% | +10.34% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.50% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -1.10% | -6.24% | +5.14% |
Average DrawdownAverage peak-to-trough decline | -2.96% | -9.09% | +6.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 2.52% | -2.10% |
Volatility
SBND vs. SPY - Volatility Comparison
The current volatility for Columbia Short Duration Bond ETF (SBND) is 1.08%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. This indicates that SBND experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SBND | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 5.31% | -4.23% |
Volatility (6M)Calculated over the trailing 6-month period | 1.67% | 9.47% | -7.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.83% | 19.05% | -16.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.66% | 17.06% | -13.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.66% | 17.92% | -14.26% |