SPLB vs. ALB
SPLB (SPDR Portfolio Long Term Corporate Bond ETF) is Corporate Bonds fund tracking the Bloomberg Barclays Long U.S. Corporate Index, while ALB (Albemarle Corporation) is a stock. Over the past 10 years, SPLB returned 2.21%/yr vs 8.06%/yr for ALB. At a correlation of -0.02, they often move in opposite directions.
Performance
SPLB vs. ALB - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SPLB achieves a 1.51% return, which is significantly lower than ALB's 6.57% return. Over the past 10 years, SPLB has underperformed ALB with an annualized return of 2.21%, while ALB has yielded a comparatively higher 8.06% annualized return.
SPLB
- 1D
- 0.22%
- 1M
- 1.59%
- YTD
- 1.51%
- 6M
- 1.33%
- 1Y
- 6.39%
- 3Y*
- 4.20%
- 5Y*
- -2.22%
- 10Y*
- 2.21%
ALB
- 1D
- -4.28%
- 1M
- -12.37%
- YTD
- 6.57%
- 6M
- 2.75%
- 1Y
- 162.90%
- 3Y*
- -10.65%
- 5Y*
- -0.83%
- 10Y*
- 8.06%
SPLB vs. ALB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPLB SPDR Portfolio Long Term Corporate Bond ETF | 1.51% | 7.05% | -1.74% | 11.20% | -25.68% | -1.99% | 13.47% | 23.49% | -7.35% | 12.26% |
ALB Albemarle Corporation | 6.57% | 67.72% | -39.50% | -32.80% | -6.63% | 59.76% | 105.39% | -3.28% | -38.89% | 50.22% |
Correlation
The correlation between SPLB and ALB is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Mar 11, 2009 | -0.02 |
The correlation between SPLB and ALB shifts across timeframes, from -0.02 (all time) to 0.17 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SPLB vs. ALB — Risk / Return Rank
SPLB
ALB
SPLB vs. ALB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Long Term Corporate Bond ETF (SPLB) and Albemarle Corporation (ALB). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SPLB | ALB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.81 | ||
| Sortino ratioReturn per unit of downside risk | -1.69 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.36 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.18 | 5.17 | -3.98 |
| Martin ratioReturn relative to average drawdown | 2.88 | 14.71 | -11.83 |
Loading charts...
Drawdowns
SPLB vs. ALB - Drawdown Comparison
The maximum SPLB drawdown since its inception was -34.46%, smaller than the maximum ALB drawdown of -83.90%. Use the drawdown chart below to compare losses from any high point for SPLB and ALB.
Loading charts...
Drawdown Indicators
| SPLB | ALB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.46% | -83.90% | +49.44% |
Max Drawdown (1Y)Largest decline over 1 year | -5.42% | -31.72% | +26.30% |
Max Drawdown (3Y)Largest decline over 3 years | -12.91% | -78.60% | +65.69% |
Max Drawdown (5Y)Largest decline over 5 years | -34.46% | -83.90% | +49.44% |
Max Drawdown (10Y)Largest decline over 10 years | -34.46% | -83.90% | +49.44% |
Current DrawdownCurrent decline from peak | -14.04% | -51.48% | +37.44% |
Average DrawdownAverage peak-to-trough decline | -8.02% | -20.70% | +12.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.22% | 11.12% | -8.90% |
Volatility
SPLB vs. ALB - Volatility Comparison
The current volatility for SPDR Portfolio Long Term Corporate Bond ETF (SPLB) is 1.92%, while Albemarle Corporation (ALB) has a volatility of 15.91%. This indicates that SPLB experiences smaller price fluctuations and is considered to be less risky than ALB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SPLB | ALB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.92% | 15.91% | -13.99% |
Volatility (6M)Calculated over the trailing 6-month period | 5.90% | 42.88% | -36.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.94% | 62.62% | -54.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.69% | 54.72% | -42.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.96% | 48.36% | -35.40% |
Dividends
SPLB vs. ALB - Dividend Comparison
SPLB's dividend yield for the trailing twelve months is around 5.34%, more than ALB's 1.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALB Albemarle Corporation | 1.08% | 1.15% | 1.87% | 1.11% | 0.73% | 0.67% | 1.04% | 2.01% | 1.74% | 1.00% | 1.42% | 2.07% |
SPLB SPDR Portfolio Long Term Corporate Bond ETF | 5.34% | 5.25% | 5.20% | 4.60% | 4.53% | 3.00% | 3.01% | 3.79% | 4.50% | 4.06% | 4.34% | 4.70% |
Frequently Asked Questions
SPLB and ALB have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ALB has higher volatility (15.91%) compared to SPLB (1.92%). In terms of maximum drawdown, SPLB dropped -34.46% vs ALB's -83.90%.
ALB currently has the higher Sharpe Ratio (2.62 vs 0.81), 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.
Find the right allocation for SPLB and ALB
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer