Correlation
The correlation between SPIB and EARRX is 0.15, 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.
SPIB vs. EARRX
Compare and contrast key facts about SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB) and Eaton Vance Short Duration Inflation-Protected Income Fund Class A (EARRX).
SPIB is a passively managed fund by State Street that tracks the performance of the Bloomberg US Aggregate Credit - Corporate - Investment Grade - Intermediate. It was launched on Feb 10, 2009. EARRX is managed by Eaton Vance. It was launched on Mar 31, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPIB or EARRX.
Performance
SPIB vs. EARRX - Performance Comparison
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Key characteristics
SPIB:
1.98
EARRX:
3.23
SPIB:
2.89
EARRX:
4.88
SPIB:
1.37
EARRX:
1.84
SPIB:
1.56
EARRX:
5.49
SPIB:
7.86
EARRX:
25.55
SPIB:
0.95%
EARRX:
0.25%
SPIB:
3.78%
EARRX:
1.99%
SPIB:
-14.94%
EARRX:
-10.27%
SPIB:
0.00%
EARRX:
-0.10%
Returns By Period
The year-to-date returns for both investments are quite close, with SPIB having a 3.07% return and EARRX slightly higher at 3.20%. Over the past 10 years, SPIB has underperformed EARRX with an annualized return of 2.72%, while EARRX has yielded a comparatively higher 3.34% annualized return.
SPIB
3.07%
0.48%
2.26%
7.08%
3.92%
1.49%
2.72%
EARRX
3.20%
-0.00%
3.02%
6.28%
3.81%
5.28%
3.34%
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SPIB vs. EARRX - Expense Ratio Comparison
SPIB has a 0.07% expense ratio, which is lower than EARRX's 0.85% expense ratio.
Risk-Adjusted Performance
SPIB vs. EARRX — Risk-Adjusted Performance Rank
SPIB
EARRX
SPIB vs. EARRX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB) and Eaton Vance Short Duration Inflation-Protected Income Fund Class A (EARRX). 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
SPIB vs. EARRX - Dividend Comparison
SPIB's dividend yield for the trailing twelve months is around 4.44%, more than EARRX's 4.13% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPIB SPDR Portfolio Intermediate Term Corporate Bond ETF | 4.44% | 4.41% | 3.84% | 2.65% | 1.58% | 2.18% | 3.03% | 3.03% | 2.79% | 2.68% | 2.69% | 2.65% |
EARRX Eaton Vance Short Duration Inflation-Protected Income Fund Class A | 4.13% | 3.83% | 4.25% | 4.82% | 3.32% | 2.03% | 2.46% | 2.67% | 1.89% | 2.00% | 1.73% | 2.06% |
Drawdowns
SPIB vs. EARRX - Drawdown Comparison
The maximum SPIB drawdown since its inception was -14.94%, which is greater than EARRX's maximum drawdown of -10.27%. Use the drawdown chart below to compare losses from any high point for SPIB and EARRX.
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Volatility
SPIB vs. EARRX - Volatility Comparison
SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB) has a higher volatility of 1.07% compared to Eaton Vance Short Duration Inflation-Protected Income Fund Class A (EARRX) at 0.65%. This indicates that SPIB's price experiences larger fluctuations and is considered to be riskier than EARRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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