SPLB vs. ALB

Last updated Jun 4, 2026

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 2.23%/yr vs 9.19%/yr for ALB. At a correlation of -0.02, they often move in opposite directions.

Performance

SPLB vs. ALB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Portfolio Long Term Corporate Bond ETF (SPLB) and Albemarle Corporation (ALB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPLB achieves a 0.92% return, which is significantly lower than ALB's 19.31% return. Over the past 10 years, SPLB has underperformed ALB with an annualized return of 2.23%, while ALB has yielded a comparatively higher 9.19% annualized return.

SPLB

• 1D: -0.36%
• 1M: 1.50%
• YTD: 0.92%
• 6M: -0.06%
• 1Y: 7.56%
• 3Y*: 4.35%
• 5Y*: -1.84%
• 10Y*: 2.23%

ALB

• 1D: -2.00%
• 1M: -11.72%
• YTD: 19.31%
• 6M: 33.82%
• 1Y: 200.47%
• 3Y*: -5.45%
• 5Y*: 0.58%
• 10Y*: 9.19%

*Multi-year figures are annualized to reflect compound growth (CAGR)

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	0.92%	7.05%	-1.74%	11.20%	-25.68%	-1.99%	13.47%	23.49%	-7.35%	12.26%
ALB Albemarle Corporation	19.31%	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 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.16
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 12, 2009	-0.02

The correlation between SPLB and ALB shifts across timeframes, from -0.02 (all time) to 0.16 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

SPLB vs. ALB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPLB

SPLB Risk / Return Rank: 26
SPLB Sharpe Ratio Rank: 26
SPLB Sortino Ratio Rank: 25
SPLB Omega Ratio Rank: 24
SPLB Calmar Ratio Rank: 29
SPLB Martin Ratio Rank: 25

ALB

ALB Risk / Return Rank: 93
ALB Sharpe Ratio Rank: 95
ALB Sortino Ratio Rank: 90
ALB Omega Ratio Rank: 89
ALB Calmar Ratio Rank: 97
ALB Martin Ratio Rank: 95

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

	SPLB	ALB	Difference
Sharpe ratio: Return per unit of total volatility	0.94	3.28	-2.34
Sortino ratio: Return per unit of downside risk	1.39	3.26	-1.88
Omega ratio: Gain probability vs. loss probability	1.16	1.42	-0.25
Calmar ratio: Return relative to maximum drawdown	1.40	9.20	-7.80
Martin ratio: Return relative to average drawdown	3.48	21.20	-17.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPLB vs. ALB - Sharpe Ratio Comparison

The current SPLB Sharpe Ratio is 0.94, which is lower than the ALB Sharpe Ratio of 3.28. The chart below compares the historical Sharpe Ratios of SPLB and ALB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SPLB	ALB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.94	3.28	-2.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.15	0.01	-0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.17	0.19	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.30	+0.15

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.

Drawdown Indicators

	SPLB	ALB	Difference
Max Drawdown Largest peak-to-trough decline	-34.46%	-83.90%	+49.44%
Max Drawdown (1Y) Largest decline over 1 year	-5.42%	-21.93%	+16.51%
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 Drawdown Current decline from peak	-14.53%	-45.68%	+31.15%
Average Drawdown Average peak-to-trough decline	-8.01%	-20.66%	+12.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.18%	9.50%	-7.32%

Volatility

SPLB vs. ALB - Volatility Comparison

The current volatility for SPDR Portfolio Long Term Corporate Bond ETF (SPLB) is 2.36%, while Albemarle Corporation (ALB) has a volatility of 11.91%. 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.

Volatility by Period

	SPLB	ALB	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.36%	11.91%	-9.55%
Volatility (6M) Calculated over the trailing 6-month period	5.81%	41.34%	-35.53%
Volatility (1Y) Calculated over the trailing 1-year period	8.05%	61.57%	-53.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.71%	54.38%	-41.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.95%	48.17%	-35.22%

Dividends

SPLB vs. ALB - Dividend Comparison

SPLB's dividend yield for the trailing twelve months is around 5.38%, more than ALB's 0.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ALB Albemarle Corporation	0.96%	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	5.38%	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

Can I hold both SPLB and ALB in my portfolio?

SPLB and ALB have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPLB or ALB?

ALB has higher volatility (11.91%) compared to SPLB (2.36%). In terms of maximum drawdown, SPLB dropped -34.46% vs ALB's -83.90%.

Which has better risk-adjusted returns?

ALB currently has the higher Sharpe Ratio (3.28 vs 0.94), 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.