SPBO vs. GIGB
Compare and contrast key facts about SPDR Portfolio Corporate Bond ETF (SPBO) and Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB).
SPBO and GIGB 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. GIGB is a passively managed fund by Goldman Sachs that tracks the performance of the FTSE Goldman Sachs Investment Grade Corporate Bond Index. It was launched on Jun 6, 2017. Both SPBO and GIGB 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 GIGB.
Performance
SPBO vs. GIGB - Performance Comparison
Returns By Period
In the year-to-date period, SPBO achieves a 2.89% return, which is significantly higher than GIGB's 2.09% return.
SPBO
2.89%
-2.13%
3.56%
9.15%
0.76%
2.49%
GIGB
2.09%
-2.25%
3.10%
8.30%
0.44%
N/A
Key characteristics
| SPBO | GIGB | |
|---|---|---|
| Sharpe Ratio | 1.62 | 1.45 |
| Sortino Ratio | 2.40 | 2.19 |
| Omega Ratio | 1.28 | 1.25 |
| Calmar Ratio | 0.66 | 0.59 |
| Martin Ratio | 6.45 | 5.53 |
| Ulcer Index | 1.54% | 1.62% |
| Daily Std Dev | 6.15% | 6.19% |
| Max Drawdown | -22.04% | -22.25% |
| Current Drawdown | -7.26% | -8.11% |
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SPBO vs. GIGB - Expense Ratio Comparison
SPBO has a 0.03% expense ratio, which is lower than GIGB's 0.14% 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%.
Correlation
The correlation between SPBO and GIGB is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
SPBO vs. GIGB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Corporate Bond ETF (SPBO) and Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB). 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. GIGB - Dividend Comparison
SPBO's dividend yield for the trailing twelve months is around 5.21%, more than GIGB's 4.30% 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% |
GIGB Goldman Sachs Access Investment Grade Corporate Bond ETF | 4.30% | 3.67% | 3.12% | 2.26% | 2.62% | 3.22% | 3.31% | 1.55% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SPBO vs. GIGB - Drawdown Comparison
The maximum SPBO drawdown since its inception was -22.04%, roughly equal to the maximum GIGB drawdown of -22.25%. Use the drawdown chart below to compare losses from any high point for SPBO and GIGB. For additional features, visit the drawdowns tool.
Volatility
SPBO vs. GIGB - Volatility Comparison
SPDR Portfolio Corporate Bond ETF (SPBO) and Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB) have volatilities of 1.97% and 1.88%, 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.