SPLB vs. SPIB
Compare and contrast key facts about SPDR Portfolio Long Term Corporate Bond ETF (SPLB) and SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB).
SPLB and SPIB 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. SPIB is a passively managed fund by State Street that tracks the performance of the Bloomberg US Aggregate Credit - Corporate - Investment Grade - Intermediate. It was launched on Feb 10, 2009. Both SPLB and SPIB 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 SPIB.
Correlation
The correlation between SPLB and SPIB is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SPLB vs. SPIB - Performance Comparison
Key characteristics
SPLB:
0.05
SPIB:
1.50
SPLB:
0.14
SPIB:
2.20
SPLB:
1.02
SPIB:
1.27
SPLB:
0.02
SPIB:
0.91
SPLB:
0.13
SPIB:
6.30
SPLB:
3.74%
SPIB:
0.85%
SPLB:
10.38%
SPIB:
3.59%
SPLB:
-34.46%
SPIB:
-14.94%
SPLB:
-18.83%
SPIB:
-1.14%
Returns By Period
In the year-to-date period, SPLB achieves a 0.83% return, which is significantly lower than SPIB's 4.83% return. Over the past 10 years, SPLB has underperformed SPIB with an annualized return of 2.28%, while SPIB has yielded a comparatively higher 2.60% annualized return.
SPLB
0.83%
0.99%
2.53%
0.70%
-1.45%
2.28%
SPIB
4.83%
0.76%
3.63%
5.55%
1.64%
2.60%
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SPLB vs. SPIB - Expense Ratio Comparison
Both SPLB and SPIB have an expense ratio of 0.07%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
SPLB vs. SPIB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Long Term Corporate Bond ETF (SPLB) and SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB). 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. SPIB - Dividend Comparison
SPLB's dividend yield for the trailing twelve months is around 5.01%, more than SPIB's 4.39% 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% |
SPIB SPDR Portfolio Intermediate Term Corporate Bond ETF | 4.02% | 3.83% | 2.65% | 1.58% | 2.18% | 3.04% | 3.04% | 2.79% | 2.69% | 2.70% | 2.65% | 3.03% |
Drawdowns
SPLB vs. SPIB - Drawdown Comparison
The maximum SPLB drawdown since its inception was -34.46%, which is greater than SPIB's maximum drawdown of -14.94%. Use the drawdown chart below to compare losses from any high point for SPLB and SPIB. For additional features, visit the drawdowns tool.
Volatility
SPLB vs. SPIB - Volatility Comparison
SPDR Portfolio Long Term Corporate Bond ETF (SPLB) has a higher volatility of 3.04% compared to SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB) at 0.88%. This indicates that SPLB's price experiences larger fluctuations and is considered to be riskier than SPIB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.