SPLB vs. NEM
Compare and contrast key facts about SPDR Portfolio Long Term Corporate Bond ETF (SPLB) and Newmont Goldcorp Corporation (NEM).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPLB or NEM.
Key characteristics
| SPLB | NEM | |
|---|---|---|
| YTD Return | 0.64% | 15.55% |
| 1Y Return | 19.57% | 28.91% |
| 3Y Return (Ann) | -6.12% | -1.05% |
| 5Y Return (Ann) | -1.34% | 6.76% |
| 10Y Return (Ann) | 2.44% | 12.13% |
| Sharpe Ratio | 1.73 | 0.66 |
| Sortino Ratio | 2.52 | 1.10 |
| Omega Ratio | 1.30 | 1.15 |
| Calmar Ratio | 0.60 | 0.40 |
| Martin Ratio | 5.77 | 2.32 |
| Ulcer Index | 3.34% | 10.70% |
| Daily Std Dev | 11.14% | 37.60% |
| Max Drawdown | -34.46% | -77.75% |
| Current Drawdown | -18.98% | -39.78% |
Correlation
The correlation between SPLB and NEM is 0.16, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
SPLB vs. NEM - Performance Comparison
In the year-to-date period, SPLB achieves a 0.64% return, which is significantly lower than NEM's 15.55% return. Over the past 10 years, SPLB has underperformed NEM with an annualized return of 2.44%, while NEM has yielded a comparatively higher 12.13% 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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Risk-Adjusted Performance
SPLB vs. NEM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Long Term Corporate Bond ETF (SPLB) and Newmont Goldcorp Corporation (NEM). 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. NEM - Dividend Comparison
SPLB's dividend yield for the trailing twelve months is around 4.95%, more than NEM's 2.45% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPLB SPDR Portfolio Long Term Corporate Bond ETF | 4.55% | 4.60% | 4.53% | 3.00% | 3.01% | 3.79% | 4.50% | 4.06% | 4.34% | 4.70% | 4.25% | 4.89% |
NEM Newmont Goldcorp Corporation | 2.45% | 3.87% | 4.66% | 3.55% | 1.74% | 3.31% | 1.58% | 0.65% | 0.36% | 0.54% | 1.16% | 5.23% |
Drawdowns
SPLB vs. NEM - Drawdown Comparison
The maximum SPLB drawdown since its inception was -34.46%, smaller than the maximum NEM drawdown of -77.75%. Use the drawdown chart below to compare losses from any high point for SPLB and NEM. For additional features, visit the drawdowns tool.
Volatility
SPLB vs. NEM - Volatility Comparison
The current volatility for SPDR Portfolio Long Term Corporate Bond ETF (SPLB) is 2.53%, while Newmont Goldcorp Corporation (NEM) has a volatility of 16.93%. This indicates that SPLB experiences smaller price fluctuations and is considered to be less risky than NEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.