SPIB vs. STIP
Compare and contrast key facts about SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB) and iShares 0-5 Year TIPS Bond ETF (STIP).
SPIB and STIP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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 SPIB 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: SPIB or STIP.
Key characteristics
| SPIB | STIP | |
|---|---|---|
| YTD Return | 4.44% | 4.47% |
| 1Y Return | 9.87% | 6.51% |
| 3Y Return (Ann) | 0.43% | 1.98% |
| 5Y Return (Ann) | 1.69% | 3.50% |
| 10Y Return (Ann) | 2.58% | 2.39% |
| Sharpe Ratio | 2.58 | 3.16 |
| Sortino Ratio | 4.05 | 5.32 |
| Omega Ratio | 1.50 | 1.70 |
| Calmar Ratio | 1.09 | 3.71 |
| Martin Ratio | 13.59 | 25.51 |
| Ulcer Index | 0.74% | 0.25% |
| Daily Std Dev | 3.92% | 2.06% |
| Max Drawdown | -14.94% | -5.50% |
| Current Drawdown | -1.51% | -0.56% |
Correlation
The correlation between SPIB and STIP is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SPIB vs. STIP - Performance Comparison
The year-to-date returns for both investments are quite close, with SPIB having a 4.44% return and STIP slightly higher at 4.47%. Over the past 10 years, SPIB has outperformed STIP with an annualized return of 2.58%, while STIP has yielded a comparatively lower 2.39% annualized 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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SPIB vs. STIP - Expense Ratio Comparison
SPIB has a 0.07% expense ratio, which is higher than STIP's 0.06% 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
SPIB vs. STIP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB) 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
SPIB vs. STIP - Dividend Comparison
SPIB's dividend yield for the trailing twelve months is around 4.37%, more than STIP's 2.46% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPIB SPDR Portfolio Intermediate Term Corporate Bond ETF | 4.37% | 3.83% | 2.65% | 1.58% | 2.18% | 3.04% | 3.04% | 2.79% | 2.69% | 2.70% | 2.65% | 3.03% |
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
SPIB vs. STIP - Drawdown Comparison
The maximum SPIB drawdown since its inception was -14.94%, which is greater than STIP's maximum drawdown of -5.50%. Use the drawdown chart below to compare losses from any high point for SPIB and STIP. For additional features, visit the drawdowns tool.
Volatility
SPIB vs. STIP - Volatility Comparison
SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB) has a higher volatility of 1.11% compared to iShares 0-5 Year TIPS Bond ETF (STIP) at 0.46%. This indicates that SPIB'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.