SPDG vs. BND
SPDG (SPDR Portfolio S&P Sector Neutral Dividend ETF) and BND (Vanguard Total Bond Market ETF) are both exchange-traded funds - SPDG is a Dividend fund tracking the S&P Sector-Neutral High Yield Dividend Aristocrats Index, while BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. Both are passively managed. Over the past year, SPDG returned 28.62% vs 5.11% for BND. At a 0.23 correlation, their price movements are largely independent. SPDG charges 0.05%/yr vs 0.03%/yr for BND.
Performance
SPDG vs. BND - Performance Comparison
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Returns By Period
In the year-to-date period, SPDG achieves a 16.69% return, which is significantly higher than BND's 0.27% return.
SPDG
- 1D
- -0.67%
- 1M
- 7.25%
- YTD
- 16.69%
- 6M
- 16.41%
- 1Y
- 28.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BND
- 1D
- -0.19%
- 1M
- 0.27%
- YTD
- 0.27%
- 6M
- 0.12%
- 1Y
- 5.11%
- 3Y*
- 3.96%
- 5Y*
- 0.09%
- 10Y*
- 1.58%
SPDG vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF | 16.69% | 11.66% | 20.22% | 8.14% |
BND Vanguard Total Bond Market ETF | 0.27% | 7.08% | 1.38% | 4.87% |
Correlation
The correlation between SPDG and BND is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023 | 0.23 |
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Return for Risk
SPDG vs. BND — Risk / Return Rank
SPDG
BND
SPDG vs. BND - Risk-Adjusted Trends 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.
| SPDG | BND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.02 | ||
| Sortino ratioReturn per unit of downside risk | +1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.24 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.45 | 1.92 | +1.53 |
| Martin ratioReturn relative to average drawdown | 11.57 | 5.80 | +5.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPDG | BND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.37 | 1.36 | +1.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.01 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.29 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.52 | 0.59 | +0.93 |
Drawdowns
SPDG vs. BND - Drawdown Comparison
The maximum SPDG drawdown since its inception was -15.67%, smaller than the maximum BND drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for SPDG and BND.
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Drawdown Indicators
| SPDG | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.67% | -18.58% | +2.91% |
Max Drawdown (1Y)Largest decline over 1 year | -8.34% | -2.68% | -5.66% |
Max Drawdown (3Y)Largest decline over 3 years | — | -5.92% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.91% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.58% | — |
Current DrawdownCurrent decline from peak | -0.67% | -2.37% | +1.70% |
Average DrawdownAverage peak-to-trough decline | -2.19% | -3.06% | +0.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.48% | 0.88% | +1.60% |
Volatility
SPDG vs. BND - Volatility Comparison
SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG) has a higher volatility of 3.54% compared to Vanguard Total Bond Market ETF (BND) at 1.23%. 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.
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Volatility by Period
| SPDG | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.54% | 1.23% | +2.31% |
Volatility (6M)Calculated over the trailing 6-month period | 9.23% | 2.66% | +6.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.14% | 3.78% | +8.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.18% | 6.02% | +8.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.18% | 5.53% | +8.65% |
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%.
Dividends
SPDG vs. BND - Dividend Comparison
SPDG's dividend yield for the trailing twelve months is around 2.59%, less than BND's 3.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 3.97% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF | 2.59% | 2.87% | 2.61% | 0.90% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPDG and BND have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPDG has higher volatility (3.54%) compared to BND (1.23%). In terms of maximum drawdown, SPDG dropped -15.67% vs BND's -18.58%.
On 1-year performance, SPDG leads with 28.62% vs 5.11% for BND. On fees, BND is cheaper at 0.03% per year. On volatility, BND has been the lower-risk option at 1.23%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SPDG has performed better with a 28.62% return vs 5.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BND is cheaper with a 0.03% expense ratio, compared with 0.05% for SPDG.
BND has the higher dividend yield at 3.97%, compared with 2.59% for SPDG.
SPDG is categorized as Dividend, while BND is Total Bond Market. SPDG tracks S&P Sector-Neutral High Yield Dividend Aristocrats Index, while BND tracks Bloomberg U.S. Aggregate Float Adjusted Index. They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.05% for SPDG and 0.03% for BND.
SPDG currently has the higher Sharpe Ratio (2.37 vs 1.36), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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