SPMB vs. SPY
Compare and contrast key facts about SPDR Portfolio Mortgage Backed Bond ETF (SPMB) and SPDR S&P 500 ETF (SPY).
SPMB and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both SPMB and SPY 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 SPY.
Correlation
The correlation between SPMB and SPY is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
SPMB vs. SPY - Performance Comparison
Key characteristics
SPMB:
0.23
SPY:
2.29
SPMB:
0.36
SPY:
3.04
SPMB:
1.04
SPY:
1.43
SPMB:
0.11
SPY:
3.40
SPMB:
0.63
SPY:
15.01
SPMB:
2.29%
SPY:
1.90%
SPMB:
6.31%
SPY:
12.46%
SPMB:
-18.03%
SPY:
-55.19%
SPMB:
-8.46%
SPY:
-0.74%
Returns By Period
In the year-to-date period, SPMB achieves a 0.88% return, which is significantly lower than SPY's 28.13% return. Over the past 10 years, SPMB has underperformed SPY with an annualized return of 0.76%, while SPY has yielded a comparatively higher 13.16% annualized return.
SPMB
0.88%
-0.71%
0.96%
1.43%
-0.89%
0.76%
SPY
28.13%
1.31%
11.08%
28.58%
15.00%
13.16%
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SPMB vs. SPY - Expense Ratio Comparison
SPMB has a 0.04% expense ratio, which is lower than SPY's 0.09% expense ratio. Despite the difference, 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
SPMB vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Mortgage Backed Bond ETF (SPMB) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
SPMB's dividend yield for the trailing twelve months is around 3.78%, more than SPY's 1.18% 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% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
SPMB vs. SPY - Drawdown Comparison
The maximum SPMB drawdown since its inception was -18.03%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SPMB and SPY. For additional features, visit the drawdowns tool.
Volatility
SPMB vs. SPY - Volatility Comparison
The current volatility for SPDR Portfolio Mortgage Backed Bond ETF (SPMB) is 1.98%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.97%. This indicates that SPMB experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.