Correlation
The correlation between SPAB and FBND is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
SPAB vs. FBND
Compare and contrast key facts about SPDR Portfolio Aggregate Bond ETF (SPAB) and Fidelity Total Bond ETF (FBND).
SPAB and FBND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. FBND is an actively managed fund by Fidelity. It was launched on Oct 6, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPAB or FBND.
Performance
SPAB vs. FBND - Performance Comparison
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Key characteristics
SPAB:
1.16
FBND:
1.15
SPAB:
1.43
FBND:
1.40
SPAB:
1.17
FBND:
1.17
SPAB:
0.42
FBND:
0.57
SPAB:
2.43
FBND:
2.72
SPAB:
2.16%
FBND:
1.92%
SPAB:
5.37%
FBND:
5.40%
SPAB:
-18.56%
FBND:
-17.25%
SPAB:
-7.00%
FBND:
-3.63%
Returns By Period
In the year-to-date period, SPAB achieves a 2.34% return, which is significantly higher than FBND's 2.01% return. Over the past 10 years, SPAB has underperformed FBND with an annualized return of 1.45%, while FBND has yielded a comparatively higher 2.20% annualized return.
SPAB
2.34%
-0.96%
0.94%
6.14%
1.17%
-0.98%
1.45%
FBND
2.01%
-1.14%
0.64%
6.13%
2.06%
0.24%
2.20%
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SPAB vs. FBND - Expense Ratio Comparison
SPAB has a 0.03% expense ratio, which is lower than FBND's 0.36% expense ratio.
Risk-Adjusted Performance
SPAB vs. FBND — Risk-Adjusted Performance Rank
SPAB
FBND
SPAB vs. FBND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Aggregate Bond ETF (SPAB) and Fidelity Total Bond ETF (FBND). 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.
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Dividends
SPAB vs. FBND - Dividend Comparison
SPAB's dividend yield for the trailing twelve months is around 3.91%, less than FBND's 5.06% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPAB SPDR Portfolio Aggregate Bond ETF | 3.91% | 3.86% | 3.34% | 2.59% | 2.11% | 2.43% | 2.92% | 2.96% | 2.67% | 2.63% | 2.59% | 2.43% |
FBND Fidelity Total Bond ETF | 4.66% | 4.73% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% | 0.66% |
Drawdowns
SPAB vs. FBND - Drawdown Comparison
The maximum SPAB drawdown since its inception was -18.56%, which is greater than FBND's maximum drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for SPAB and FBND.
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Volatility
SPAB vs. FBND - Volatility Comparison
SPDR Portfolio Aggregate Bond ETF (SPAB) and Fidelity Total Bond ETF (FBND) have volatilities of 1.43% and 1.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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