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SPBO vs. BND
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between SPBO and BND is -0.10. 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.


-0.50.00.51.0
Correlation: -0.1

Performance

SPBO vs. BND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Portfolio Corporate Bond ETF (SPBO) and Vanguard Total Bond Market ETF (BND). The values are adjusted to include any dividend payments, if applicable.

30.00%35.00%40.00%45.00%50.00%55.00%60.00%NovemberDecember2025FebruaryMarchApril
56.73%
35.75%
SPBO
BND

Key characteristics

Sharpe Ratio

SPBO:

1.14

BND:

1.33

Sortino Ratio

SPBO:

1.62

BND:

1.93

Omega Ratio

SPBO:

1.20

BND:

1.23

Calmar Ratio

SPBO:

0.57

BND:

0.52

Martin Ratio

SPBO:

3.70

BND:

3.43

Ulcer Index

SPBO:

1.93%

BND:

2.05%

Daily Std Dev

SPBO:

6.26%

BND:

5.31%

Max Drawdown

SPBO:

-22.04%

BND:

-18.84%

Current Drawdown

SPBO:

-5.70%

BND:

-6.87%

Returns By Period

In the year-to-date period, SPBO achieves a 1.98% return, which is significantly lower than BND's 2.74% return. Over the past 10 years, SPBO has outperformed BND with an annualized return of 2.38%, while BND has yielded a comparatively lower 1.46% annualized return.


SPBO

YTD

1.98%

1M

0.43%

6M

1.26%

1Y

7.43%

5Y*

0.61%

10Y*

2.38%

BND

YTD

2.74%

1M

0.71%

6M

1.94%

1Y

7.37%

5Y*

-0.77%

10Y*

1.46%

*Annualized

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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%.


Expense ratio chart for SPBO: current value is 0.03%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SPBO: 0.03%
Expense ratio chart for BND: current value is 0.03%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
BND: 0.03%

Risk-Adjusted Performance

SPBO vs. BND — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPBO
The Risk-Adjusted Performance Rank of SPBO is 7979
Overall Rank
The Sharpe Ratio Rank of SPBO is 8484
Sharpe Ratio Rank
The Sortino Ratio Rank of SPBO is 8383
Sortino Ratio Rank
The Omega Ratio Rank of SPBO is 8181
Omega Ratio Rank
The Calmar Ratio Rank of SPBO is 6868
Calmar Ratio Rank
The Martin Ratio Rank of SPBO is 7979
Martin Ratio Rank

BND
The Risk-Adjusted Performance Rank of BND is 8080
Overall Rank
The Sharpe Ratio Rank of BND is 8787
Sharpe Ratio Rank
The Sortino Ratio Rank of BND is 8888
Sortino Ratio Rank
The Omega Ratio Rank of BND is 8484
Omega Ratio Rank
The Calmar Ratio Rank of BND is 6565
Calmar Ratio Rank
The Martin Ratio Rank of BND is 7777
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The chart of Sharpe ratio for SPBO, currently valued at 1.14, compared to the broader market-1.000.001.002.003.004.00
SPBO: 1.14
BND: 1.33
The chart of Sortino ratio for SPBO, currently valued at 1.62, compared to the broader market-2.000.002.004.006.008.00
SPBO: 1.62
BND: 1.93
The chart of Omega ratio for SPBO, currently valued at 1.20, compared to the broader market0.501.001.502.00
SPBO: 1.20
BND: 1.23
The chart of Calmar ratio for SPBO, currently valued at 0.57, compared to the broader market0.002.004.006.008.0010.0012.00
SPBO: 0.57
BND: 0.52
The chart of Martin ratio for SPBO, currently valued at 3.70, compared to the broader market0.0020.0040.0060.00
SPBO: 3.70
BND: 3.43

The current SPBO Sharpe Ratio is 1.14, which is comparable to the BND Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of SPBO and BND, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.00NovemberDecember2025FebruaryMarchApril
1.14
1.33
SPBO
BND

Dividends

SPBO vs. BND - Dividend Comparison

SPBO's dividend yield for the trailing twelve months is around 5.24%, more than BND's 3.69% yield.


TTM20242023202220212020201920182017201620152014
SPBO
SPDR Portfolio Corporate Bond ETF
5.24%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
3.69%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.


-10.00%-9.00%-8.00%-7.00%-6.00%-5.00%NovemberDecember2025FebruaryMarchApril
-5.70%
-6.87%
SPBO
BND

Volatility

SPBO vs. BND - Volatility Comparison

SPDR Portfolio Corporate Bond ETF (SPBO) has a higher volatility of 3.41% compared to Vanguard Total Bond Market ETF (BND) at 2.19%. 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.


1.50%2.00%2.50%3.00%3.50%NovemberDecember2025FebruaryMarchApril
3.41%
2.19%
SPBO
BND