SLQD vs. SPSB
Compare and contrast key facts about iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) and SPDR Portfolio Short Term Corporate Bond ETF (SPSB).
SLQD and SPSB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SLQD is a passively managed fund by iShares that tracks the performance of the Markit iBoxx USD Liquid Investment Grade 0-5 Index. It was launched on Oct 15, 2013. SPSB is a passively managed fund by State Street that tracks the performance of the Bloomberg Barclays U.S. 1-3 Year Corporate Bond Index. It was launched on Dec 16, 2009. Both SLQD and SPSB 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: SLQD or SPSB.
Key characteristics
| SLQD | SPSB | |
|---|---|---|
| YTD Return | 4.38% | 4.56% |
| 1Y Return | 7.43% | 7.14% |
| 3Y Return (Ann) | 1.88% | 2.22% |
| 5Y Return (Ann) | 2.04% | 2.14% |
| 10Y Return (Ann) | 2.23% | 2.14% |
| Sharpe Ratio | 3.55 | 3.86 |
| Sortino Ratio | 6.02 | 6.63 |
| Omega Ratio | 1.80 | 1.91 |
| Calmar Ratio | 3.07 | 7.67 |
| Martin Ratio | 25.10 | 31.90 |
| Ulcer Index | 0.30% | 0.23% |
| Daily Std Dev | 2.10% | 1.86% |
| Max Drawdown | -12.69% | -11.75% |
| Current Drawdown | -0.68% | -0.56% |
Correlation
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.
Performance
SLQD vs. SPSB - Performance Comparison
The year-to-date returns for both investments are quite close, with SLQD having a 4.38% return and SPSB slightly higher at 4.56%. Both investments have delivered pretty close results over the past 10 years, with SLQD having a 2.23% annualized return and SPSB not far behind at 2.14%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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%.
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.
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.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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.
Volatility
SLQD vs. SPSB - Volatility Comparison
iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) has a higher volatility of 0.54% compared to SPDR Portfolio Short Term Corporate Bond ETF (SPSB) at 0.35%. 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.