SPBO vs. BND
Compare and contrast key facts about SPDR Portfolio Corporate Bond ETF (SPBO) and Vanguard Total Bond Market ETF (BND).
SPBO and BND 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. BND is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Apr 3, 2007. Both SPBO and BND 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 BND.
Performance
SPBO vs. BND - Performance Comparison
Returns By Period
In the year-to-date period, SPBO achieves a 2.89% return, which is significantly higher than BND's 1.55% return. Over the past 10 years, SPBO has outperformed BND with an annualized return of 2.49%, while BND has yielded a comparatively lower 1.40% annualized return.
SPBO
2.89%
-2.13%
3.56%
9.15%
0.76%
2.49%
BND
1.55%
-1.53%
2.79%
6.33%
-0.32%
1.40%
Key characteristics
| SPBO | BND | |
|---|---|---|
| Sharpe Ratio | 1.62 | 1.25 |
| Sortino Ratio | 2.40 | 1.83 |
| Omega Ratio | 1.28 | 1.22 |
| Calmar Ratio | 0.66 | 0.48 |
| Martin Ratio | 6.45 | 4.20 |
| Ulcer Index | 1.54% | 1.70% |
| Daily Std Dev | 6.15% | 5.68% |
| Max Drawdown | -22.04% | -18.84% |
| Current Drawdown | -7.26% | -9.21% |
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SPBO vs. BND - Expense Ratio Comparison
Both SPBO and BND have an expense ratio of 0.03%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Correlation
The correlation between SPBO and BND 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. BND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Corporate Bond ETF (SPBO) and Vanguard Total Bond Market ETF (BND). 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. BND - Dividend Comparison
SPBO's dividend yield for the trailing twelve months is around 5.21%, more than BND's 3.58% 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% |
BND Vanguard Total Bond Market ETF | 3.58% | 3.09% | 2.60% | 1.97% | 2.22% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% | 2.79% | 2.78% |
Drawdowns
SPBO vs. BND - Drawdown Comparison
The maximum SPBO drawdown since its inception was -22.04%, which is greater than BND's maximum drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for SPBO and BND. For additional features, visit the drawdowns tool.
Volatility
SPBO vs. BND - Volatility Comparison
SPDR Portfolio Corporate Bond ETF (SPBO) has a higher volatility of 1.97% compared to Vanguard Total Bond Market ETF (BND) at 1.64%. This indicates that SPBO's price experiences larger fluctuations and is considered to be riskier than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.