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.
Correlation
The correlation between SPBO and USIG is 0.04, 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.
Performance
SPBO vs. USIG - Performance Comparison
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Key characteristics
SPBO:
0.75
USIG:
0.83
SPBO:
1.14
USIG:
1.26
SPBO:
1.14
USIG:
1.16
SPBO:
0.43
USIG:
0.47
SPBO:
2.49
USIG:
2.78
SPBO:
1.98%
USIG:
1.85%
SPBO:
6.23%
USIG:
5.83%
SPBO:
-22.05%
USIG:
-22.21%
SPBO:
-6.68%
USIG:
-6.08%
Returns By Period
In the year-to-date period, SPBO achieves a 0.93% return, which is significantly lower than USIG's 1.18% return. Over the past 10 years, SPBO has outperformed USIG with an annualized return of 2.49%, while USIG has yielded a comparatively lower 2.34% annualized return.
SPBO
0.93%
0.61%
0.65%
4.67%
0.41%
2.49%
USIG
1.18%
0.62%
0.94%
4.83%
0.51%
2.34%
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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%.
Risk-Adjusted Performance
SPBO vs. USIG — Risk-Adjusted Performance Rank
SPBO
USIG
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.
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Dividends
SPBO vs. USIG - Dividend Comparison
SPBO's dividend yield for the trailing twelve months is around 5.31%, more than USIG's 4.62% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPBO SPDR Portfolio Corporate Bond ETF | 5.31% | 5.28% | 4.73% | 3.54% | 2.65% | 2.75% | 3.46% | 3.60% | 3.15% | 3.09% | 3.07% | 3.21% |
USIG iShares Broad USD Investment Grade Corporate Bond ETF | 4.62% | 4.51% | 3.94% | 3.14% | 2.33% | 2.82% | 3.37% | 3.44% | 3.03% | 3.13% | 3.24% | 3.32% |
Drawdowns
SPBO vs. USIG - Drawdown Comparison
The maximum SPBO drawdown since its inception was -22.05%, 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.
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Volatility
SPBO vs. USIG - Volatility Comparison
SPDR Portfolio Corporate Bond ETF (SPBO) has a higher volatility of 1.69% compared to iShares Broad USD Investment Grade Corporate Bond ETF (USIG) at 1.58%. 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.
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