SPBO vs. AGG
Compare and contrast key facts about SPDR Portfolio Corporate Bond ETF (SPBO) and iShares Core U.S. Aggregate Bond ETF (AGG).
SPBO and AGG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPBO is a passively managed fund by State Street that tracks the performance of the Bloomberg Barclays U.S. Corporate Bond Index. It was launched on Apr 6, 2011. AGG is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Sep 22, 2003. Both SPBO and AGG 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: SPBO or AGG.
Performance
SPBO vs. AGG - Performance Comparison
Returns By Period
In the year-to-date period, SPBO achieves a 2.89% return, which is significantly higher than AGG's 1.78% return. Over the past 10 years, SPBO has outperformed AGG with an annualized return of 2.49%, while AGG has yielded a comparatively lower 1.46% annualized return.
SPBO
2.89%
-2.13%
3.56%
9.15%
0.76%
2.49%
AGG
1.78%
-1.56%
3.14%
6.66%
-0.23%
1.46%
Key characteristics
| SPBO | AGG | |
|---|---|---|
| Sharpe Ratio | 1.62 | 1.29 |
| Sortino Ratio | 2.40 | 1.88 |
| Omega Ratio | 1.28 | 1.23 |
| Calmar Ratio | 0.66 | 0.52 |
| Martin Ratio | 6.45 | 4.35 |
| Ulcer Index | 1.54% | 1.71% |
| Daily Std Dev | 6.15% | 5.79% |
| Max Drawdown | -22.04% | -18.43% |
| Current Drawdown | -7.26% | -8.52% |
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SPBO vs. AGG - Expense Ratio Comparison
SPBO has a 0.03% expense ratio, which is lower than AGG's 0.05% 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%.
Correlation
The correlation between SPBO and AGG is 0.68, 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
SPBO vs. AGG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Corporate Bond ETF (SPBO) and iShares Core U.S. Aggregate Bond ETF (AGG). 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
SPBO vs. AGG - Dividend Comparison
SPBO's dividend yield for the trailing twelve months is around 5.21%, more than AGG's 3.96% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPBO SPDR Portfolio Corporate Bond ETF | 5.21% | 4.73% | 3.54% | 2.65% | 2.84% | 3.46% | 3.60% | 3.15% | 3.09% | 3.07% | 3.21% | 3.76% |
AGG iShares Core U.S. Aggregate Bond ETF | 3.96% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.96% | 2.32% | 2.39% | 2.45% | 2.40% | 2.32% |
Drawdowns
SPBO vs. AGG - Drawdown Comparison
The maximum SPBO drawdown since its inception was -22.04%, which is greater than AGG's maximum drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for SPBO and AGG. For additional features, visit the drawdowns tool.
Volatility
SPBO vs. AGG - Volatility Comparison
SPDR Portfolio Corporate Bond ETF (SPBO) has a higher volatility of 1.97% compared to iShares Core U.S. Aggregate Bond ETF (AGG) at 1.64%. This indicates that SPBO's price experiences larger fluctuations and is considered to be riskier than AGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.