SPLB vs. PTCIX
Compare and contrast key facts about SPDR Portfolio Long Term Corporate Bond ETF (SPLB) and PIMCO Long-Term Credit Bond Fund (PTCIX).
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. PTCIX is managed by PIMCO. It was launched on Mar 30, 2009.
Performance
SPLB vs. PTCIX - Performance Comparison
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SPLB vs. PTCIX - 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% |
PTCIX PIMCO Long-Term Credit Bond Fund | -2.23% | 8.56% | -0.06% | 9.20% | -27.04% | -1.00% | 13.28% | 24.99% | -5.92% | 13.56% |
Returns By Period
In the year-to-date period, SPLB achieves a -0.71% return, which is significantly higher than PTCIX's -2.23% return. Over the past 10 years, SPLB has underperformed PTCIX with an annualized return of 2.39%, while PTCIX has yielded a comparatively higher 2.83% 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%
PTCIX
- 1D
- 1.06%
- 1M
- -4.96%
- YTD
- -2.23%
- 6M
- -1.93%
- 1Y
- 2.78%
- 3Y*
- 3.06%
- 5Y*
- -1.82%
- 10Y*
- 2.83%
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SPLB vs. PTCIX - Expense Ratio Comparison
SPLB has a 0.07% expense ratio, which is lower than PTCIX's 0.55% expense ratio.
Return for Risk
SPLB vs. PTCIX — Risk / Return Rank
SPLB
PTCIX
SPLB vs. PTCIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Long Term Corporate Bond ETF (SPLB) and PIMCO Long-Term Credit Bond Fund (PTCIX). 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 | PTCIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.38 | 0.40 | -0.03 |
Sortino ratioReturn per unit of downside risk | 0.57 | 0.60 | -0.03 |
Omega ratioGain probability vs. loss probability | 1.08 | 1.08 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 0.78 | 0.72 | +0.06 |
Martin ratioReturn relative to average drawdown | 1.80 | 1.86 | -0.06 |
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 | PTCIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.38 | 0.40 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.14 | -0.16 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.19 | 0.27 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.56 | -0.12 |
Correlation
The correlation between SPLB and PTCIX is 0.85, 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.
Dividends
SPLB vs. PTCIX - Dividend Comparison
SPLB's dividend yield for the trailing twelve months is around 5.37%, which matches PTCIX's 5.41% 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% |
PTCIX PIMCO Long-Term Credit Bond Fund | 5.41% | 5.67% | 5.23% | 3.83% | 4.86% | 7.39% | 7.72% | 5.14% | 6.51% | 4.81% | 5.75% | 14.97% |
Drawdowns
SPLB vs. PTCIX - Drawdown Comparison
The maximum SPLB drawdown since its inception was -34.46%, roughly equal to the maximum PTCIX drawdown of -35.64%. Use the drawdown chart below to compare losses from any high point for SPLB and PTCIX.
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Drawdown Indicators
| SPLB | PTCIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.46% | -35.64% | +1.18% |
Max Drawdown (1Y)Largest decline over 1 year | -5.43% | -5.95% | +0.52% |
Max Drawdown (5Y)Largest decline over 5 years | -34.46% | -35.64% | +1.18% |
Max Drawdown (10Y)Largest decline over 10 years | -34.46% | -35.64% | +1.18% |
Current DrawdownCurrent decline from peak | -15.92% | -17.32% | +1.40% |
Average DrawdownAverage peak-to-trough decline | -7.93% | -8.14% | +0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.36% | 2.31% | +0.05% |
Volatility
SPLB vs. PTCIX - Volatility Comparison
SPDR Portfolio Long Term Corporate Bond ETF (SPLB) has a higher volatility of 4.02% compared to PIMCO Long-Term Credit Bond Fund (PTCIX) at 3.71%. This indicates that SPLB's price experiences larger fluctuations and is considered to be riskier than PTCIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPLB | PTCIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.02% | 3.71% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 5.67% | 5.41% | +0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.14% | 9.29% | +0.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.74% | 11.51% | +1.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.95% | 10.44% | +2.51% |