SPMB vs. SCHG
SPMB (SPDR Portfolio Mortgage Backed Bond ETF) and SCHG (Schwab U.S. Large-Cap Growth ETF) are both exchange-traded funds - SPMB is a Mortgage Backed Securities fund tracking the Bloomberg US Aggregate Securitized - MBS, while SCHG is a Large Cap Growth Equities fund tracking the Dow Jones U.S. Large-Cap Growth Total Stock Market Index. Both are passively managed. Over the past 10 years, SPMB returned 1.28%/yr vs 18.81%/yr for SCHG. At a correlation of -0.00, they often move in opposite directions. Both charge a 0.04% expense ratio.
Performance
SPMB vs. SCHG - Performance Comparison
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Returns By Period
In the year-to-date period, SPMB achieves a 0.76% return, which is significantly lower than SCHG's 2.76% return. Over the past 10 years, SPMB has underperformed SCHG with an annualized return of 1.28%, while SCHG has yielded a comparatively higher 18.81% annualized return.
SPMB
- 1D
- -0.25%
- 1M
- 0.65%
- YTD
- 0.76%
- 6M
- 0.83%
- 1Y
- 5.97%
- 3Y*
- 4.27%
- 5Y*
- 0.40%
- 10Y*
- 1.28%
SCHG
- 1D
- -1.24%
- 1M
- -2.59%
- YTD
- 2.76%
- 6M
- 2.11%
- 1Y
- 20.89%
- 3Y*
- 22.70%
- 5Y*
- 13.68%
- 10Y*
- 18.81%
SPMB vs. SCHG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPMB SPDR Portfolio Mortgage Backed Bond ETF | 0.76% | 8.29% | 1.35% | 5.09% | -12.05% | -1.46% | 4.19% | 6.16% | 1.01% | 2.13% |
SCHG Schwab U.S. Large-Cap Growth ETF | 2.76% | 17.50% | 34.95% | 50.10% | -31.80% | 28.11% | 39.14% | 36.02% | -1.36% | 28.05% |
Correlation
The correlation between SPMB and SCHG is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Dec 11, 2009 | -0.00 |
The correlation between SPMB and SCHG shifts across timeframes, from -0.00 (all time) to 0.32 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SPMB vs. SCHG — Risk / Return Rank
SPMB
SCHG
SPMB vs. SCHG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Mortgage Backed Bond ETF (SPMB) and Schwab U.S. Large-Cap Growth ETF (SCHG). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SPMB | SCHG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.23 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.08 | 1.28 | +0.80 |
| Martin ratioReturn relative to average drawdown | 6.45 | 4.19 | +2.27 |
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Drawdowns
SPMB vs. SCHG - Drawdown Comparison
The maximum SPMB drawdown since its inception was -18.03%, smaller than the maximum SCHG drawdown of -34.59%. Use the drawdown chart below to compare losses from any high point for SPMB and SCHG.
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Drawdown Indicators
| SPMB | SCHG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.03% | -34.59% | +16.56% |
Max Drawdown (1Y)Largest decline over 1 year | -2.89% | -16.41% | +13.52% |
Max Drawdown (3Y)Largest decline over 3 years | -7.66% | -23.39% | +15.73% |
Max Drawdown (5Y)Largest decline over 5 years | -17.49% | -34.59% | +17.10% |
Max Drawdown (10Y)Largest decline over 10 years | -18.03% | -34.59% | +16.56% |
Current DrawdownCurrent decline from peak | -1.34% | -5.16% | +3.82% |
Average DrawdownAverage peak-to-trough decline | -2.85% | -5.20% | +2.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 5.00% | -4.07% |
Volatility
SPMB vs. SCHG - Volatility Comparison
The current volatility for SPDR Portfolio Mortgage Backed Bond ETF (SPMB) is 1.23%, while Schwab U.S. Large-Cap Growth ETF (SCHG) has a volatility of 5.78%. This indicates that SPMB experiences smaller price fluctuations and is considered to be less risky than SCHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPMB | SCHG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 5.78% | -4.55% |
Volatility (6M)Calculated over the trailing 6-month period | 3.19% | 12.50% | -9.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.23% | 16.21% | -11.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.79% | 22.37% | -15.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.61% | 21.61% | -14.00% |
SPMB vs. SCHG - Expense Ratio Comparison
Both SPMB and SCHG have an expense ratio of 0.04%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SPMB vs. SCHG - Dividend Comparison
SPMB's dividend yield for the trailing twelve months is around 4.08%, more than SCHG's 0.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHG Schwab U.S. Large-Cap Growth ETF | 0.38% | 0.36% | 0.39% | 0.46% | 0.55% | 0.42% | 0.52% | 0.82% | 1.27% | 1.01% | 1.04% | 1.22% |
SPMB SPDR Portfolio Mortgage Backed Bond ETF | 4.08% | 3.98% | 3.76% | 3.21% | 2.98% | 2.59% | 2.95% | 3.24% | 3.36% | 3.13% | 2.99% | 3.05% |
Frequently Asked Questions
SPMB and SCHG have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCHG has higher volatility (5.78%) compared to SPMB (1.23%). In terms of maximum drawdown, SPMB dropped -18.03% vs SCHG's -34.59%.
On 10-year performance, SCHG leads with 18.81% vs 1.28% for SPMB. Both ETFs have the same 0.04% expense ratio. On volatility, SPMB has been the lower-risk option at 1.23%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SCHG has performed better with a 18.81% return vs 1.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPMB and SCHG have the same expense ratio: 0.04% per year.
SPMB has the higher dividend yield at 4.08%, compared with 0.38% for SCHG.
SPMB is categorized as Mortgage Backed Securities, while SCHG is Large Cap Growth Equities. SPMB tracks Bloomberg US Aggregate Securitized - MBS, while SCHG tracks Dow Jones U.S. Large-Cap Growth Total Stock Market Index. They also come from different issuers: State Street and Charles Schwab.
SPMB currently has the higher Sharpe Ratio (1.42 vs 1.30), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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