SPLB vs. IGLB
Compare and contrast key facts about SPDR Portfolio Long Term Corporate Bond ETF (SPLB) and iShares 10+ Year Investment Grade Corporate Bond ETF (IGLB).
SPLB and IGLB 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. IGLB is a passively managed fund by iShares that tracks the performance of the ICE BofAML10+ Year US Corporate Index. It was launched on Dec 8, 2009. Both SPLB and IGLB 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 IGLB.
Correlation
The correlation between SPLB and IGLB is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SPLB vs. IGLB - Performance Comparison
Key characteristics
SPLB:
0.05
IGLB:
0.08
SPLB:
0.14
IGLB:
0.18
SPLB:
1.02
IGLB:
1.02
SPLB:
0.02
IGLB:
0.03
SPLB:
0.13
IGLB:
0.22
SPLB:
3.74%
IGLB:
3.76%
SPLB:
10.38%
IGLB:
10.21%
SPLB:
-34.46%
IGLB:
-34.12%
SPLB:
-18.83%
IGLB:
-18.41%
Returns By Period
In the year-to-date period, SPLB achieves a 0.83% return, which is significantly lower than IGLB's 0.99% return. Both investments have delivered pretty close results over the past 10 years, with SPLB having a 2.28% annualized return and IGLB not far ahead at 2.31%.
SPLB
0.83%
0.99%
2.53%
0.70%
-1.45%
2.28%
IGLB
0.99%
0.98%
2.54%
1.02%
-1.35%
2.31%
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SPLB vs. IGLB - Expense Ratio Comparison
SPLB has a 0.07% expense ratio, which is higher than IGLB'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
SPLB vs. IGLB - 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 10+ Year Investment Grade Corporate Bond ETF (IGLB). 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. IGLB - Dividend Comparison
SPLB's dividend yield for the trailing twelve months is around 5.01%, more than IGLB's 4.53% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPLB SPDR Portfolio Long Term Corporate Bond ETF | 5.01% | 4.60% | 4.52% | 3.00% | 3.01% | 3.79% | 4.50% | 4.06% | 4.34% | 4.70% | 4.25% | 4.88% |
IGLB iShares 10+ Year Investment Grade Corporate Bond ETF | 4.53% | 4.59% | 4.56% | 3.16% | 3.23% | 3.73% | 4.56% | 3.94% | 4.21% | 4.58% | 4.12% | 5.08% |
Drawdowns
SPLB vs. IGLB - Drawdown Comparison
The maximum SPLB drawdown since its inception was -34.46%, roughly equal to the maximum IGLB drawdown of -34.12%. Use the drawdown chart below to compare losses from any high point for SPLB and IGLB. For additional features, visit the drawdowns tool.
Volatility
SPLB vs. IGLB - Volatility Comparison
SPDR Portfolio Long Term Corporate Bond ETF (SPLB) and iShares 10+ Year Investment Grade Corporate Bond ETF (IGLB) have volatilities of 3.04% and 2.90%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.