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

Correlation

The correlation between SPBO and BSCS is 0.19, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.0
Correlation: 0.2

Performance

SPBO vs. BSCS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Portfolio Corporate Bond ETF (SPBO) and Invesco BulletShares 2028 Corporate Bond ETF (BSCS). The values are adjusted to include any dividend payments, if applicable.

16.00%18.00%20.00%22.00%24.00%26.00%28.00%NovemberDecember2025FebruaryMarchApril
19.77%
27.78%
SPBO
BSCS

Key characteristics

Sharpe Ratio

SPBO:

1.14

BSCS:

2.56

Sortino Ratio

SPBO:

1.62

BSCS:

3.89

Omega Ratio

SPBO:

1.20

BSCS:

1.51

Calmar Ratio

SPBO:

0.57

BSCS:

0.97

Martin Ratio

SPBO:

3.70

BSCS:

11.27

Ulcer Index

SPBO:

1.93%

BSCS:

0.70%

Daily Std Dev

SPBO:

6.26%

BSCS:

3.09%

Max Drawdown

SPBO:

-22.04%

BSCS:

-18.42%

Current Drawdown

SPBO:

-5.70%

BSCS:

-0.54%

Returns By Period

In the year-to-date period, SPBO achieves a 1.98% return, which is significantly lower than BSCS's 2.70% return.


SPBO

YTD

1.98%

1M

0.33%

6M

1.26%

1Y

7.74%

5Y*

0.54%

10Y*

2.32%

BSCS

YTD

2.70%

1M

0.77%

6M

2.73%

1Y

8.29%

5Y*

1.94%

10Y*

N/A

*Annualized

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SPBO vs. BSCS - Expense Ratio Comparison

SPBO has a 0.03% expense ratio, which is lower than BSCS's 0.10% 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%.


Expense ratio chart for BSCS: current value is 0.10%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
BSCS: 0.10%
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%

Risk-Adjusted Performance

SPBO vs. BSCS — 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 7878
Overall Rank
The Sharpe Ratio Rank of SPBO is 8383
Sharpe Ratio Rank
The Sortino Ratio Rank of SPBO is 8282
Sortino Ratio Rank
The Omega Ratio Rank of SPBO is 8080
Omega Ratio Rank
The Calmar Ratio Rank of SPBO is 6666
Calmar Ratio Rank
The Martin Ratio Rank of SPBO is 7878
Martin Ratio Rank

BSCS
The Risk-Adjusted Performance Rank of BSCS is 9393
Overall Rank
The Sharpe Ratio Rank of BSCS is 9797
Sharpe Ratio Rank
The Sortino Ratio Rank of BSCS is 9797
Sortino Ratio Rank
The Omega Ratio Rank of BSCS is 9696
Omega Ratio Rank
The Calmar Ratio Rank of BSCS is 8282
Calmar Ratio Rank
The Martin Ratio Rank of BSCS is 9494
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. BSCS - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Corporate Bond ETF (SPBO) and Invesco BulletShares 2028 Corporate Bond ETF (BSCS). 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
BSCS: 2.56
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
BSCS: 3.89
The chart of Omega ratio for SPBO, currently valued at 1.20, compared to the broader market0.501.001.502.002.50
SPBO: 1.20
BSCS: 1.51
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
BSCS: 0.97
The chart of Martin ratio for SPBO, currently valued at 3.70, compared to the broader market0.0020.0040.0060.00
SPBO: 3.70
BSCS: 11.27

The current SPBO Sharpe Ratio is 1.14, which is lower than the BSCS Sharpe Ratio of 2.56. The chart below compares the historical Sharpe Ratios of SPBO and BSCS, 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 Ratio0.501.001.502.002.503.00NovemberDecember2025FebruaryMarchApril
1.14
2.56
SPBO
BSCS

Dividends

SPBO vs. BSCS - Dividend Comparison

SPBO's dividend yield for the trailing twelve months is around 5.24%, more than BSCS's 4.54% 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%
BSCS
Invesco BulletShares 2028 Corporate Bond ETF
4.54%4.54%3.90%2.72%2.14%2.71%3.28%1.88%0.00%0.00%0.00%0.00%

Drawdowns

SPBO vs. BSCS - Drawdown Comparison

The maximum SPBO drawdown since its inception was -22.04%, which is greater than BSCS's maximum drawdown of -18.42%. Use the drawdown chart below to compare losses from any high point for SPBO and BSCS. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%NovemberDecember2025FebruaryMarchApril
-5.70%
-0.54%
SPBO
BSCS

Volatility

SPBO vs. BSCS - Volatility Comparison

SPDR Portfolio Corporate Bond ETF (SPBO) has a higher volatility of 3.41% compared to Invesco BulletShares 2028 Corporate Bond ETF (BSCS) at 1.50%. This indicates that SPBO's price experiences larger fluctuations and is considered to be riskier than BSCS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%1.00%2.00%3.00%4.00%NovemberDecember2025FebruaryMarchApril
3.41%
1.50%
SPBO
BSCS