SPBO vs. USIG
Compare and contrast key facts about SPDR Portfolio Corporate Bond ETF (SPBO) and iShares Broad USD Investment Grade Corporate Bond ETF (USIG).
SPBO and USIG 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. USIG is a passively managed fund by iShares that tracks the performance of the ICE BofA US Corporate. It was launched on Jan 5, 2007. Both SPBO and USIG 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 USIG.
Performance
SPBO vs. USIG - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with SPBO having a 2.89% return and USIG slightly lower at 2.85%. Both investments have delivered pretty close results over the past 10 years, with SPBO having a 2.49% annualized return and USIG not far behind at 2.45%.
SPBO
2.89%
-2.13%
3.56%
9.15%
0.76%
2.49%
USIG
2.85%
-2.00%
3.46%
8.92%
0.68%
2.45%
Key characteristics
| SPBO | USIG | |
|---|---|---|
| Sharpe Ratio | 1.62 | 1.67 |
| Sortino Ratio | 2.40 | 2.46 |
| Omega Ratio | 1.28 | 1.29 |
| Calmar Ratio | 0.66 | 0.67 |
| Martin Ratio | 6.45 | 6.80 |
| Ulcer Index | 1.54% | 1.43% |
| Daily Std Dev | 6.15% | 5.79% |
| Max Drawdown | -22.04% | -22.21% |
| Current Drawdown | -7.26% | -6.92% |
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SPBO vs. USIG - Expense Ratio Comparison
SPBO has a 0.03% expense ratio, which is lower than USIG's 0.04% 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 USIG is 0.70, 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.
Risk-Adjusted Performance
SPBO vs. USIG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Corporate Bond ETF (SPBO) and iShares Broad USD Investment Grade Corporate Bond ETF (USIG). 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. USIG - Dividend Comparison
SPBO's dividend yield for the trailing twelve months is around 5.21%, more than USIG's 4.39% 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% |
USIG iShares Broad USD Investment Grade Corporate Bond ETF | 4.39% | 3.94% | 3.14% | 2.33% | 2.82% | 3.37% | 3.44% | 3.03% | 3.13% | 3.24% | 3.32% | 3.53% |
Drawdowns
SPBO vs. USIG - Drawdown Comparison
The maximum SPBO drawdown since its inception was -22.04%, roughly equal to the maximum USIG drawdown of -22.21%. Use the drawdown chart below to compare losses from any high point for SPBO and USIG. For additional features, visit the drawdowns tool.
Volatility
SPBO vs. USIG - Volatility Comparison
SPDR Portfolio Corporate Bond ETF (SPBO) has a higher volatility of 1.97% compared to iShares Broad USD Investment Grade Corporate Bond ETF (USIG) at 1.84%. This indicates that SPBO's price experiences larger fluctuations and is considered to be riskier than USIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.