SPLB vs. SPHD
Compare and contrast key facts about SPDR Portfolio Long Term Corporate Bond ETF (SPLB) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD).
SPLB and SPHD 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. SPHD is a passively managed fund by Invesco that tracks the performance of the S&P Low Volatility High Dividend index. It was launched on Oct 18, 2012. Both SPLB and SPHD 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 SPHD.
Correlation
The correlation between SPLB and SPHD is 0.11, 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. SPHD - Performance Comparison
Key characteristics
SPLB:
0.07
SPHD:
1.87
SPLB:
0.17
SPHD:
2.70
SPLB:
1.02
SPHD:
1.34
SPLB:
0.03
SPHD:
2.08
SPLB:
0.20
SPHD:
11.37
SPLB:
3.75%
SPHD:
1.80%
SPLB:
10.36%
SPHD:
10.96%
SPLB:
-34.46%
SPHD:
-41.39%
SPLB:
-18.80%
SPHD:
-5.35%
Returns By Period
In the year-to-date period, SPLB achieves a 0.87% return, which is significantly lower than SPHD's 19.37% return. Over the past 10 years, SPLB has underperformed SPHD with an annualized return of 2.28%, while SPHD has yielded a comparatively higher 8.30% annualized return.
SPLB
0.87%
1.04%
1.95%
1.51%
-1.51%
2.28%
SPHD
19.37%
-1.61%
12.11%
20.51%
6.70%
8.30%
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SPLB vs. SPHD - Expense Ratio Comparison
SPLB has a 0.07% expense ratio, which is lower than SPHD's 0.30% expense ratio.
Risk-Adjusted Performance
SPLB vs. SPHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Long Term Corporate Bond ETF (SPLB) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD). 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. SPHD - Dividend Comparison
SPLB's dividend yield for the trailing twelve months is around 4.61%, more than SPHD's 3.08% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPLB SPDR Portfolio Long Term Corporate Bond ETF | 4.61% | 4.60% | 4.52% | 3.00% | 3.01% | 3.79% | 4.50% | 4.06% | 4.34% | 4.70% | 4.25% | 4.88% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 3.08% | 4.48% | 3.89% | 3.46% | 4.89% | 4.07% | 4.40% | 3.14% | 3.83% | 3.49% | 3.24% | 3.68% |
Drawdowns
SPLB vs. SPHD - Drawdown Comparison
The maximum SPLB drawdown since its inception was -34.46%, smaller than the maximum SPHD drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for SPLB and SPHD. For additional features, visit the drawdowns tool.
Volatility
SPLB vs. SPHD - Volatility Comparison
SPDR Portfolio Long Term Corporate Bond ETF (SPLB) has a higher volatility of 3.04% compared to Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) at 2.82%. This indicates that SPLB's price experiences larger fluctuations and is considered to be riskier than SPHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.