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.
Performance
SPLB vs. NEM - Performance Comparison
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SPLB vs. NEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPLB SPDR Portfolio Long Term Corporate Bond ETF | -0.71% | 7.05% | -1.74% | 11.20% | -25.68% | -1.99% | 13.47% | 23.49% | -7.35% | 12.26% |
NEM Newmont Goldcorp Corporation | 8.63% | 172.82% | -7.83% | -8.76% | -20.77% | 7.40% | 40.28% | 30.52% | -6.15% | 10.91% |
Returns By Period
In the year-to-date period, SPLB achieves a -0.71% return, which is significantly lower than NEM's 8.63% return. Over the past 10 years, SPLB has underperformed NEM with an annualized return of 2.39%, while NEM has yielded a comparatively higher 17.90% annualized return.
SPLB
- 1D
- 0.77%
- 1M
- -3.01%
- YTD
- -0.71%
- 6M
- -1.36%
- 1Y
- 3.79%
- 3Y*
- 3.08%
- 5Y*
- -1.80%
- 10Y*
- 2.39%
NEM
- 1D
- 4.97%
- 1M
- -16.56%
- YTD
- 8.63%
- 6M
- 29.03%
- 1Y
- 127.13%
- 3Y*
- 33.46%
- 5Y*
- 15.27%
- 10Y*
- 17.90%
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Return for Risk
SPLB vs. NEM — Risk / Return Rank
SPLB
NEM
SPLB vs. NEM - Risk-Adjusted Trends 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.
| SPLB | NEM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.38 | 2.78 | -2.40 |
Sortino ratioReturn per unit of downside risk | 0.57 | 2.89 | -2.32 |
Omega ratioGain probability vs. loss probability | 1.08 | 1.42 | -0.34 |
Calmar ratioReturn relative to maximum drawdown | 0.78 | 4.70 | -3.92 |
Martin ratioReturn relative to average drawdown | 1.80 | 15.66 | -13.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPLB | NEM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.38 | 2.78 | -2.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.14 | 0.42 | -0.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.19 | 0.50 | -0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.13 | +0.31 |
Correlation
The correlation between SPLB and NEM is 0.15, 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.
Dividends
SPLB vs. NEM - Dividend Comparison
SPLB's dividend yield for the trailing twelve months is around 5.37%, more than NEM's 0.93% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPLB SPDR Portfolio Long Term Corporate Bond ETF | 5.37% | 5.25% | 5.20% | 4.60% | 4.53% | 3.00% | 3.01% | 3.79% | 4.50% | 4.06% | 4.34% | 4.70% |
NEM Newmont Goldcorp Corporation | 0.93% | 1.00% | 2.69% | 3.87% | 4.66% | 3.55% | 1.74% | 3.31% | 1.62% | 0.67% | 0.37% | 0.56% |
Drawdowns
SPLB vs. NEM - Drawdown Comparison
The maximum SPLB drawdown since its inception was -34.46%, smaller than the maximum NEM drawdown of -81.30%. Use the drawdown chart below to compare losses from any high point for SPLB and NEM.
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Drawdown Indicators
| SPLB | NEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.46% | -81.30% | +46.84% |
Max Drawdown (1Y)Largest decline over 1 year | -5.43% | -27.25% | +21.82% |
Max Drawdown (5Y)Largest decline over 5 years | -34.46% | -62.40% | +27.94% |
Max Drawdown (10Y)Largest decline over 10 years | -34.46% | -62.40% | +27.94% |
Current DrawdownCurrent decline from peak | -15.92% | -17.80% | +1.88% |
Average DrawdownAverage peak-to-trough decline | -7.93% | -41.50% | +33.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.36% | 8.18% | -5.82% |
Volatility
SPLB vs. NEM - Volatility Comparison
The current volatility for SPDR Portfolio Long Term Corporate Bond ETF (SPLB) is 4.02%, while Newmont Goldcorp Corporation (NEM) has a volatility of 15.18%. 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.
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Volatility by Period
| SPLB | NEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.02% | 15.18% | -11.16% |
Volatility (6M)Calculated over the trailing 6-month period | 5.67% | 37.47% | -31.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.14% | 46.03% | -35.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.74% | 36.87% | -24.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.95% | 35.65% | -22.70% |