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.
Correlation
The correlation between SPBO and BND is 0.69, 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
SPBO vs. BND - Performance Comparison
Key characteristics
SPBO:
1.13
BND:
1.26
SPBO:
1.65
BND:
1.85
SPBO:
1.19
BND:
1.22
SPBO:
0.50
BND:
0.49
SPBO:
3.40
BND:
3.20
SPBO:
1.86%
BND:
2.05%
SPBO:
5.63%
BND:
5.20%
SPBO:
-22.04%
BND:
-18.84%
SPBO:
-5.11%
BND:
-6.06%
Returns By Period
In the year-to-date period, SPBO achieves a 2.62% return, which is significantly lower than BND's 3.64% return. Over the past 10 years, SPBO has outperformed BND with an annualized return of 2.30%, while BND has yielded a comparatively lower 1.47% annualized return.
SPBO
2.62%
0.26%
0.31%
6.19%
1.89%
2.30%
BND
3.64%
1.26%
1.46%
6.34%
-0.30%
1.47%
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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%.
Risk-Adjusted Performance
SPBO vs. BND — Risk-Adjusted Performance Rank
SPBO
BND
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 3.66% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPBO SPDR Portfolio Corporate Bond ETF | 5.21% | 5.28% | 4.73% | 3.54% | 2.65% | 2.75% | 3.46% | 3.60% | 3.15% | 3.09% | 3.07% | 3.21% |
BND Vanguard Total Bond Market ETF | 3.66% | 3.67% | 3.09% | 2.60% | 1.97% | 2.22% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% | 2.79% |
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) and Vanguard Total Bond Market ETF (BND) have volatilities of 1.28% and 1.30%, 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.