SPDG vs. BND
Compare and contrast key facts about SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG) and Vanguard Total Bond Market ETF (BND).
SPDG and BND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPDG is a passively managed fund by State Street that tracks the performance of the S&P Sector-Neutral High Yield Dividend Aristocrats Index. It was launched on Sep 11, 2023. BND is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Apr 3, 2007. Both SPDG and BND 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: SPDG or BND.
Key characteristics
| SPDG | BND | |
|---|---|---|
| YTD Return | 22.93% | 2.40% |
| 1Y Return | 38.42% | 8.91% |
| Sharpe Ratio | 3.04 | 1.38 |
| Sortino Ratio | 4.22 | 2.03 |
| Omega Ratio | 1.53 | 1.24 |
| Calmar Ratio | 6.04 | 0.51 |
| Martin Ratio | 19.71 | 4.99 |
| Ulcer Index | 1.87% | 1.62% |
| Daily Std Dev | 12.13% | 5.85% |
| Max Drawdown | -8.76% | -18.84% |
| Current Drawdown | 0.00% | -8.44% |
Correlation
The correlation between SPDG and BND is 0.23, 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
SPDG vs. BND - Performance Comparison
In the year-to-date period, SPDG achieves a 22.93% return, which is significantly higher than BND's 2.40% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SPDG vs. BND - Expense Ratio Comparison
SPDG has a 0.05% expense ratio, which is higher than BND's 0.03% expense ratio. However, 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
SPDG vs. BND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG) and Vanguard Total Bond Market ETF (BND). 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
SPDG vs. BND - Dividend Comparison
SPDG's dividend yield for the trailing twelve months is around 2.56%, less than BND's 3.55% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF | 2.56% | 0.90% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BND Vanguard Total Bond Market ETF | 3.55% | 3.09% | 2.60% | 1.97% | 2.22% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% | 2.79% | 2.78% |
Drawdowns
SPDG vs. BND - Drawdown Comparison
The maximum SPDG drawdown since its inception was -8.76%, smaller than the maximum BND drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for SPDG and BND. For additional features, visit the drawdowns tool.
Volatility
SPDG vs. BND - Volatility Comparison
SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG) has a higher volatility of 3.80% compared to Vanguard Total Bond Market ETF (BND) at 1.67%. This indicates that SPDG's price experiences larger fluctuations and is considered to be riskier than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.