SPLB vs. CMBS
Compare and contrast key facts about SPDR Portfolio Long Term Corporate Bond ETF (SPLB) and iShares CMBS ETF (CMBS).
SPLB and CMBS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPLB is a passively managed fund by State Street that tracks the performance of the Bloomberg Barclays Long U.S. Corporate Index. It was launched on Mar 10, 2009. CMBS is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. CMBS (ERISA Only) Index. It was launched on Feb 14, 2012. Both SPLB and CMBS 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: SPLB or CMBS.
Correlation
The correlation between SPLB and CMBS is 0.44, 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
SPLB vs. CMBS - Performance Comparison
Key characteristics
SPLB:
0.07
CMBS:
1.24
SPLB:
0.17
CMBS:
1.88
SPLB:
1.02
CMBS:
1.22
SPLB:
0.03
CMBS:
0.63
SPLB:
0.20
CMBS:
4.97
SPLB:
3.75%
CMBS:
1.24%
SPLB:
10.36%
CMBS:
4.98%
SPLB:
-34.46%
CMBS:
-15.87%
SPLB:
-18.80%
CMBS:
-4.18%
Returns By Period
In the year-to-date period, SPLB achieves a 0.87% return, which is significantly lower than CMBS's 5.05% return. Over the past 10 years, SPLB has outperformed CMBS with an annualized return of 2.28%, while CMBS has yielded a comparatively lower 1.90% annualized return.
SPLB
0.87%
1.04%
1.95%
1.51%
-1.51%
2.28%
CMBS
5.05%
1.26%
3.42%
5.96%
0.77%
1.90%
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SPLB vs. CMBS - Expense Ratio Comparison
SPLB has a 0.07% expense ratio, which is lower than CMBS's 0.25% expense ratio. Despite the difference, 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
SPLB vs. CMBS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Long Term Corporate Bond ETF (SPLB) and iShares CMBS ETF (CMBS). 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
SPLB vs. CMBS - Dividend Comparison
SPLB's dividend yield for the trailing twelve months is around 4.61%, more than CMBS's 2.99% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPLB SPDR Portfolio Long Term Corporate Bond ETF | 4.61% | 4.60% | 4.52% | 3.00% | 3.01% | 3.79% | 4.50% | 4.06% | 4.34% | 4.70% | 4.25% | 4.88% |
CMBS iShares CMBS ETF | 2.99% | 2.97% | 2.65% | 2.46% | 2.83% | 2.74% | 2.70% | 2.50% | 2.30% | 2.31% | 2.15% | 2.00% |
Drawdowns
SPLB vs. CMBS - Drawdown Comparison
The maximum SPLB drawdown since its inception was -34.46%, which is greater than CMBS's maximum drawdown of -15.87%. Use the drawdown chart below to compare losses from any high point for SPLB and CMBS. For additional features, visit the drawdowns tool.
Volatility
SPLB vs. CMBS - Volatility Comparison
SPDR Portfolio Long Term Corporate Bond ETF (SPLB) has a higher volatility of 3.04% compared to iShares CMBS ETF (CMBS) at 1.22%. This indicates that SPLB's price experiences larger fluctuations and is considered to be riskier than CMBS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.