SPLB vs. SCHD
Compare and contrast key facts about SPDR Portfolio Long Term Corporate Bond ETF (SPLB) and Schwab US Dividend Equity ETF (SCHD).
SPLB and SCHD 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. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011. Both SPLB and SCHD 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 SCHD.
Key characteristics
| SPLB | SCHD | |
|---|---|---|
| YTD Return | 0.64% | 14.11% |
| 1Y Return | 19.57% | 28.95% |
| 3Y Return (Ann) | -6.12% | 6.67% |
| 5Y Return (Ann) | -1.34% | 12.45% |
| 10Y Return (Ann) | 2.44% | 11.51% |
| Sharpe Ratio | 1.73 | 2.63 |
| Sortino Ratio | 2.52 | 3.79 |
| Omega Ratio | 1.30 | 1.46 |
| Calmar Ratio | 0.60 | 2.53 |
| Martin Ratio | 5.77 | 14.63 |
| Ulcer Index | 3.34% | 2.03% |
| Daily Std Dev | 11.14% | 11.29% |
| Max Drawdown | -34.46% | -33.37% |
| Current Drawdown | -18.98% | -2.19% |
Correlation
The correlation between SPLB and SCHD is 0.01, 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. SCHD - Performance Comparison
In the year-to-date period, SPLB achieves a 0.64% return, which is significantly lower than SCHD's 14.11% return. Over the past 10 years, SPLB has underperformed SCHD with an annualized return of 2.44%, while SCHD has yielded a comparatively higher 11.51% 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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SPLB vs. SCHD - Expense Ratio Comparison
SPLB has a 0.07% expense ratio, which is higher than SCHD'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. SCHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Long Term Corporate Bond ETF (SPLB) and Schwab US Dividend Equity ETF (SCHD). 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. SCHD - Dividend Comparison
SPLB's dividend yield for the trailing twelve months is around 4.95%, more than SCHD's 3.47% 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% |
SCHD Schwab US Dividend Equity ETF | 3.47% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% | 2.47% |
Drawdowns
SPLB vs. SCHD - Drawdown Comparison
The maximum SPLB drawdown since its inception was -34.46%, roughly equal to the maximum SCHD drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for SPLB and SCHD. For additional features, visit the drawdowns tool.
Volatility
SPLB vs. SCHD - Volatility Comparison
The current volatility for SPDR Portfolio Long Term Corporate Bond ETF (SPLB) is 2.53%, while Schwab US Dividend Equity ETF (SCHD) has a volatility of 2.74%. This indicates that SPLB experiences smaller price fluctuations and is considered to be less risky than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.