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SLQD vs. SPSB
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

SLQD vs. SPSB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) and SPDR Portfolio Short Term Corporate Bond ETF (SPSB). The values are adjusted to include any dividend payments, if applicable.

0.00%1.00%2.00%3.00%4.00%JuneJulyAugustSeptemberOctoberNovember
3.43%
3.47%
SLQD
SPSB

Returns By Period

In the year-to-date period, SLQD achieves a 4.38% return, which is significantly lower than SPSB's 4.63% return. Both investments have delivered pretty close results over the past 10 years, with SLQD having a 2.22% annualized return and SPSB not far behind at 2.14%.


SLQD

YTD

4.38%

1M

-0.16%

6M

3.45%

1Y

6.57%

5Y (annualized)

2.04%

10Y (annualized)

2.22%

SPSB

YTD

4.63%

1M

-0.03%

6M

3.51%

1Y

6.52%

5Y (annualized)

2.15%

10Y (annualized)

2.14%

Key characteristics


SLQDSPSB
Sharpe Ratio3.283.65
Sortino Ratio5.416.11
Omega Ratio1.711.82
Calmar Ratio3.9710.42
Martin Ratio21.0027.49
Ulcer Index0.32%0.24%
Daily Std Dev2.02%1.80%
Max Drawdown-12.69%-11.75%
Current Drawdown-0.68%-0.50%

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SLQD vs. SPSB - Expense Ratio Comparison

SLQD has a 0.06% expense ratio, which is lower than SPSB's 0.07% 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%.


SPSB
SPDR Portfolio Short Term Corporate Bond ETF
Expense ratio chart for SPSB: current value at 0.07% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.07%
Expense ratio chart for SLQD: current value at 0.06% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.06%

Correlation

-0.50.00.51.00.6

The correlation between SLQD and SPSB is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Risk-Adjusted Performance

SLQD vs. SPSB - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) and SPDR Portfolio Short Term Corporate Bond ETF (SPSB). 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.


Sharpe ratio
The chart of Sharpe ratio for SLQD, currently valued at 3.28, compared to the broader market0.002.004.003.283.65
The chart of Sortino ratio for SLQD, currently valued at 5.41, compared to the broader market-2.000.002.004.006.008.0010.005.416.11
The chart of Omega ratio for SLQD, currently valued at 1.71, compared to the broader market0.501.001.502.002.503.001.711.82
The chart of Calmar ratio for SLQD, currently valued at 3.97, compared to the broader market0.005.0010.0015.003.9710.42
The chart of Martin ratio for SLQD, currently valued at 21.00, compared to the broader market0.0020.0040.0060.0080.00100.0021.0027.49
SLQD
SPSB

The current SLQD Sharpe Ratio is 3.28, which is comparable to the SPSB Sharpe Ratio of 3.65. The chart below compares the historical Sharpe Ratios of SLQD and SPSB, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio2.002.503.003.504.004.50JuneJulyAugustSeptemberOctoberNovember
3.28
3.65
SLQD
SPSB

Dividends

SLQD vs. SPSB - Dividend Comparison

SLQD's dividend yield for the trailing twelve months is around 3.60%, less than SPSB's 4.85% yield.


TTM20232022202120202019201820172016201520142013
SLQD
iShares 0-5 Year Investment Grade Corporate Bond ETF
3.60%2.99%2.00%1.67%2.34%2.89%2.56%1.98%1.81%1.43%1.24%0.23%
SPSB
SPDR Portfolio Short Term Corporate Bond ETF
4.85%4.05%1.92%1.20%1.94%2.77%2.36%1.94%1.65%1.44%1.26%1.41%

Drawdowns

SLQD vs. SPSB - Drawdown Comparison

The maximum SLQD drawdown since its inception was -12.69%, which is greater than SPSB's maximum drawdown of -11.75%. Use the drawdown chart below to compare losses from any high point for SLQD and SPSB. For additional features, visit the drawdowns tool.


-0.80%-0.60%-0.40%-0.20%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.68%
-0.50%
SLQD
SPSB

Volatility

SLQD vs. SPSB - Volatility Comparison

iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) has a higher volatility of 0.49% compared to SPDR Portfolio Short Term Corporate Bond ETF (SPSB) at 0.39%. This indicates that SLQD's price experiences larger fluctuations and is considered to be riskier than SPSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.30%0.40%0.50%0.60%0.70%JuneJulyAugustSeptemberOctoberNovember
0.49%
0.39%
SLQD
SPSB