SPMB vs. IGOV
Compare and contrast key facts about SPDR Portfolio Mortgage Backed Bond ETF (SPMB) and iShares International Treasury Bond ETF (IGOV).
SPMB and IGOV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPMB is a passively managed fund by State Street that tracks the performance of the Bloomberg US Aggregate Securitized - MBS. It was launched on Jan 15, 2009. IGOV is a passively managed fund by iShares that tracks the performance of the S&P/Citigroup International Treasury Bond Index Ex-US. It was launched on Jan 21, 2009. Both SPMB and IGOV 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: SPMB or IGOV.
Correlation
The correlation between SPMB and IGOV is 0.35, 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
SPMB vs. IGOV - Performance Comparison
Key characteristics
SPMB:
0.23
IGOV:
-0.72
SPMB:
0.36
IGOV:
-0.94
SPMB:
1.04
IGOV:
0.89
SPMB:
0.11
IGOV:
-0.20
SPMB:
0.63
IGOV:
-1.22
SPMB:
2.29%
IGOV:
5.15%
SPMB:
6.31%
IGOV:
8.65%
SPMB:
-18.03%
IGOV:
-35.88%
SPMB:
-8.46%
IGOV:
-30.31%
Returns By Period
In the year-to-date period, SPMB achieves a 0.88% return, which is significantly higher than IGOV's -6.19% return. Over the past 10 years, SPMB has outperformed IGOV with an annualized return of 0.76%, while IGOV has yielded a comparatively lower -1.95% annualized return.
SPMB
0.88%
-0.71%
0.96%
1.43%
-0.89%
0.76%
IGOV
-6.19%
-1.09%
-0.54%
-6.25%
-4.84%
-1.95%
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SPMB vs. IGOV - Expense Ratio Comparison
SPMB has a 0.04% expense ratio, which is lower than IGOV's 0.35% expense ratio.
Risk-Adjusted Performance
SPMB vs. IGOV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Mortgage Backed Bond ETF (SPMB) and iShares International Treasury Bond ETF (IGOV). 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
SPMB vs. IGOV - Dividend Comparison
SPMB's dividend yield for the trailing twelve months is around 3.78%, more than IGOV's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPMB SPDR Portfolio Mortgage Backed Bond ETF | 3.78% | 3.21% | 2.97% | 2.60% | 2.95% | 3.24% | 3.36% | 3.14% | 3.00% | 3.05% | 3.54% | 0.98% |
IGOV iShares International Treasury Bond ETF | 0.59% | 0.00% | 0.11% | 0.39% | 0.00% | 0.24% | 0.31% | 0.19% | 0.69% | 0.22% | 1.28% | 1.32% |
Drawdowns
SPMB vs. IGOV - Drawdown Comparison
The maximum SPMB drawdown since its inception was -18.03%, smaller than the maximum IGOV drawdown of -35.88%. Use the drawdown chart below to compare losses from any high point for SPMB and IGOV. For additional features, visit the drawdowns tool.
Volatility
SPMB vs. IGOV - Volatility Comparison
The current volatility for SPDR Portfolio Mortgage Backed Bond ETF (SPMB) is 1.98%, while iShares International Treasury Bond ETF (IGOV) has a volatility of 2.79%. This indicates that SPMB experiences smaller price fluctuations and is considered to be less risky than IGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.