SPY vs. SBND
Compare and contrast key facts about SPDR S&P 500 ETF (SPY) and Columbia Short Duration Bond ETF (SBND).
SPY and SBND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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. Both SPY and SBND 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: SPY or SBND.
Correlation
The correlation between SPY and SBND is 0.30, 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
SPY vs. SBND - Performance Comparison
Key characteristics
SPY:
0.30
SBND:
1.69
SPY:
0.56
SBND:
2.51
SPY:
1.08
SBND:
1.34
SPY:
0.31
SBND:
3.12
SPY:
1.40
SBND:
10.76
SPY:
4.18%
SBND:
0.55%
SPY:
19.64%
SBND:
3.47%
SPY:
-55.19%
SBND:
-10.77%
SPY:
-13.86%
SBND:
-0.67%
Returns By Period
In the year-to-date period, SPY achieves a -9.91% return, which is significantly lower than SBND's 1.38% return.
SPY
-9.91%
-6.90%
-9.38%
6.72%
14.62%
11.59%
SBND
1.38%
-0.57%
1.28%
6.90%
N/A
N/A
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SPY vs. SBND - Expense Ratio Comparison
SPY has a 0.09% expense ratio, which is lower than SBND's 0.25% expense ratio. Despite the difference, 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
SPY vs. SBND — Risk-Adjusted Performance Rank
SPY
SBND
SPY vs. SBND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 500 ETF (SPY) and Columbia Short Duration Bond ETF (SBND). 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
SPY vs. SBND - Dividend Comparison
SPY's dividend yield for the trailing twelve months is around 1.36%, less than SBND's 4.68% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPY SPDR S&P 500 ETF | 1.36% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
SBND Columbia Short Duration Bond ETF | 4.68% | 4.59% | 3.90% | 2.79% | 0.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SPY vs. SBND - Drawdown Comparison
The maximum SPY drawdown since its inception was -55.19%, which is greater than SBND's maximum drawdown of -10.77%. Use the drawdown chart below to compare losses from any high point for SPY and SBND. For additional features, visit the drawdowns tool.
Volatility
SPY vs. SBND - Volatility Comparison
SPDR S&P 500 ETF (SPY) has a higher volatility of 14.52% compared to Columbia Short Duration Bond ETF (SBND) at 1.52%. This indicates that SPY's price experiences larger fluctuations and is considered to be riskier than SBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.