SPFF vs. STIP
Compare and contrast key facts about Global X SuperIncome Preferred ETF (SPFF) and iShares 0-5 Year TIPS Bond ETF (STIP).
SPFF and STIP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPFF is a passively managed fund by Global X that tracks the performance of the S&P Enhanced Yield North American Preferred Stock Index. It was launched on Jul 17, 2012. STIP is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L). It was launched on Dec 1, 2010. Both SPFF and STIP 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: SPFF or STIP.
Key characteristics
| SPFF | STIP | |
|---|---|---|
| YTD Return | 12.32% | 4.34% |
| 1Y Return | 20.23% | 6.29% |
| 3Y Return (Ann) | -0.17% | 1.93% |
| 5Y Return (Ann) | 2.48% | 3.47% |
| 10Y Return (Ann) | 2.36% | 2.38% |
| Sharpe Ratio | 2.36 | 3.10 |
| Sortino Ratio | 3.37 | 5.21 |
| Omega Ratio | 1.45 | 1.68 |
| Calmar Ratio | 1.14 | 3.86 |
| Martin Ratio | 11.94 | 24.75 |
| Ulcer Index | 1.74% | 0.26% |
| Daily Std Dev | 8.80% | 2.06% |
| Max Drawdown | -35.92% | -5.50% |
| Current Drawdown | -1.75% | -0.68% |
Correlation
The correlation between SPFF and STIP 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
SPFF vs. STIP - Performance Comparison
In the year-to-date period, SPFF achieves a 12.32% return, which is significantly higher than STIP's 4.34% return. Both investments have delivered pretty close results over the past 10 years, with SPFF having a 2.36% annualized return and STIP not far ahead at 2.38%. 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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SPFF vs. STIP - Expense Ratio Comparison
SPFF has a 0.58% expense ratio, which is higher than STIP's 0.06% expense ratio.
Risk-Adjusted Performance
SPFF vs. STIP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X SuperIncome Preferred ETF (SPFF) and iShares 0-5 Year TIPS Bond ETF (STIP). 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
SPFF vs. STIP - Dividend Comparison
SPFF's dividend yield for the trailing twelve months is around 5.81%, more than STIP's 2.46% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPFF Global X SuperIncome Preferred ETF | 5.81% | 6.64% | 7.20% | 5.84% | 5.80% | 6.01% | 7.64% | 7.29% | 7.08% | 7.54% | 6.82% | 7.37% |
STIP iShares 0-5 Year TIPS Bond ETF | 2.46% | 2.84% | 6.04% | 4.15% | 1.40% | 2.06% | 2.43% | 1.59% | 0.89% | 0.00% | 0.75% | 0.31% |
Drawdowns
SPFF vs. STIP - Drawdown Comparison
The maximum SPFF drawdown since its inception was -35.92%, which is greater than STIP's maximum drawdown of -5.50%. Use the drawdown chart below to compare losses from any high point for SPFF and STIP. For additional features, visit the drawdowns tool.
Volatility
SPFF vs. STIP - Volatility Comparison
Global X SuperIncome Preferred ETF (SPFF) has a higher volatility of 2.61% compared to iShares 0-5 Year TIPS Bond ETF (STIP) at 0.46%. This indicates that SPFF's price experiences larger fluctuations and is considered to be riskier than STIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.