SPBO vs. EPI
Compare and contrast key facts about SPDR Portfolio Corporate Bond ETF (SPBO) and WisdomTree India Earnings Fund (EPI).
SPBO and EPI 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. EPI is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree India Earnings Index. It was launched on Feb 22, 2008. Both SPBO and EPI 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 EPI.
Performance
SPBO vs. EPI - Performance Comparison
Returns By Period
In the year-to-date period, SPBO achieves a 2.89% return, which is significantly lower than EPI's 11.00% return. Over the past 10 years, SPBO has underperformed EPI with an annualized return of 2.49%, while EPI has yielded a comparatively higher 8.60% annualized return.
SPBO
2.89%
-2.13%
3.56%
9.15%
0.76%
2.49%
EPI
11.00%
-6.57%
-0.31%
21.20%
15.56%
8.60%
Key characteristics
| SPBO | EPI | |
|---|---|---|
| Sharpe Ratio | 1.62 | 1.29 |
| Sortino Ratio | 2.40 | 1.64 |
| Omega Ratio | 1.28 | 1.26 |
| Calmar Ratio | 0.66 | 2.04 |
| Martin Ratio | 6.45 | 7.32 |
| Ulcer Index | 1.54% | 2.92% |
| Daily Std Dev | 6.15% | 16.50% |
| Max Drawdown | -22.04% | -66.21% |
| Current Drawdown | -7.26% | -10.45% |
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SPBO vs. EPI - Expense Ratio Comparison
SPBO has a 0.03% expense ratio, which is lower than EPI's 0.84% expense ratio.
Correlation
The correlation between SPBO and EPI is 0.06, 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.
Risk-Adjusted Performance
SPBO vs. EPI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Corporate Bond ETF (SPBO) and WisdomTree India Earnings Fund (EPI). 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. EPI - Dividend Comparison
SPBO's dividend yield for the trailing twelve months is around 5.21%, while EPI has not paid dividends to shareholders.
| 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% |
EPI WisdomTree India Earnings Fund | 0.00% | 0.15% | 6.01% | 1.18% | 0.78% | 1.17% | 1.18% | 0.85% | 1.04% | 1.20% | 1.02% | 0.75% |
Drawdowns
SPBO vs. EPI - Drawdown Comparison
The maximum SPBO drawdown since its inception was -22.04%, smaller than the maximum EPI drawdown of -66.21%. Use the drawdown chart below to compare losses from any high point for SPBO and EPI. For additional features, visit the drawdowns tool.
Volatility
SPBO vs. EPI - Volatility Comparison
The current volatility for SPDR Portfolio Corporate Bond ETF (SPBO) is 1.97%, while WisdomTree India Earnings Fund (EPI) has a volatility of 3.87%. This indicates that SPBO experiences smaller price fluctuations and is considered to be less risky than EPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.