SPMB vs. USFR
Compare and contrast key facts about SPDR Portfolio Mortgage Backed Bond ETF (SPMB) and WisdomTree Bloomberg Floating Rate Treasury Fund (USFR).
SPMB and USFR 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. USFR is a passively managed fund by WisdomTree that tracks the performance of the Bloomberg U.S. Treasury Floating Rate Bond Index. It was launched on Feb 4, 2014. Both SPMB and USFR 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 USFR.
Correlation
The correlation between SPMB and USFR is 0.01, 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. USFR - Performance Comparison
Key characteristics
SPMB:
0.23
USFR:
15.97
SPMB:
0.36
USFR:
56.39
SPMB:
1.04
USFR:
14.23
SPMB:
0.11
USFR:
90.54
SPMB:
0.63
USFR:
777.07
SPMB:
2.29%
USFR:
0.01%
SPMB:
6.31%
USFR:
0.34%
SPMB:
-18.03%
USFR:
-1.36%
SPMB:
-8.46%
USFR:
0.00%
Returns By Period
In the year-to-date period, SPMB achieves a 0.88% return, which is significantly lower than USFR's 5.33% return. Over the past 10 years, SPMB has underperformed USFR with an annualized return of 0.76%, while USFR has yielded a comparatively higher 2.45% annualized return.
SPMB
0.88%
-0.71%
0.96%
1.43%
-0.89%
0.76%
USFR
5.33%
0.40%
2.45%
5.40%
2.58%
2.45%
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SPMB vs. USFR - Expense Ratio Comparison
SPMB has a 0.04% expense ratio, which is lower than USFR'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. USFR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Mortgage Backed Bond ETF (SPMB) and WisdomTree Bloomberg Floating Rate Treasury Fund (USFR). 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. USFR - Dividend Comparison
SPMB's dividend yield for the trailing twelve months is around 3.78%, less than USFR's 4.75% 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% |
USFR WisdomTree Bloomberg Floating Rate Treasury Fund | 4.75% | 5.12% | 1.78% | 0.01% | 0.40% | 2.08% | 1.67% | 1.04% | 0.29% | 0.00% | 0.00% | 0.00% |
Drawdowns
SPMB vs. USFR - Drawdown Comparison
The maximum SPMB drawdown since its inception was -18.03%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for SPMB and USFR. For additional features, visit the drawdowns tool.
Volatility
SPMB vs. USFR - Volatility Comparison
SPDR Portfolio Mortgage Backed Bond ETF (SPMB) has a higher volatility of 1.98% compared to WisdomTree Bloomberg Floating Rate Treasury Fund (USFR) at 0.07%. This indicates that SPMB's price experiences larger fluctuations and is considered to be riskier than USFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.