SPMB vs. TLT
Compare and contrast key facts about SPDR Portfolio Mortgage Backed Bond ETF (SPMB) and iShares 20+ Year Treasury Bond ETF (TLT).
SPMB and TLT 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. TLT is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Bond Index. It was launched on Jul 26, 2002. Both SPMB and TLT 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 TLT.
Correlation
The correlation between SPMB and TLT is 0.54, 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
SPMB vs. TLT - Performance Comparison
Key characteristics
SPMB:
0.23
TLT:
-0.50
SPMB:
0.36
TLT:
-0.60
SPMB:
1.04
TLT:
0.93
SPMB:
0.11
TLT:
-0.16
SPMB:
0.63
TLT:
-1.04
SPMB:
2.29%
TLT:
6.83%
SPMB:
6.31%
TLT:
14.30%
SPMB:
-18.03%
TLT:
-48.35%
SPMB:
-8.46%
TLT:
-42.35%
Returns By Period
In the year-to-date period, SPMB achieves a 0.88% return, which is significantly higher than TLT's -7.48% return. Over the past 10 years, SPMB has outperformed TLT with an annualized return of 0.76%, while TLT has yielded a comparatively lower -0.96% annualized return.
SPMB
0.88%
-0.71%
0.96%
1.43%
-0.89%
0.76%
TLT
-7.48%
-2.07%
-4.79%
-7.10%
-6.17%
-0.96%
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SPMB vs. TLT - Expense Ratio Comparison
SPMB has a 0.04% expense ratio, which is lower than TLT's 0.15% 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. TLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Mortgage Backed Bond ETF (SPMB) and iShares 20+ Year Treasury Bond ETF (TLT). 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. TLT - Dividend Comparison
SPMB's dividend yield for the trailing twelve months is around 3.78%, less than TLT's 4.27% 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% |
TLT iShares 20+ Year Treasury Bond ETF | 4.27% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% | 3.26% |
Drawdowns
SPMB vs. TLT - Drawdown Comparison
The maximum SPMB drawdown since its inception was -18.03%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for SPMB and TLT. For additional features, visit the drawdowns tool.
Volatility
SPMB vs. TLT - Volatility Comparison
The current volatility for SPDR Portfolio Mortgage Backed Bond ETF (SPMB) is 1.98%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 4.58%. This indicates that SPMB experiences smaller price fluctuations and is considered to be less risky than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.