SPMB vs. VMBS
Compare and contrast key facts about SPDR Portfolio Mortgage Backed Bond ETF (SPMB) and Vanguard Mortgage-Backed Securities ETF (VMBS).
SPMB and VMBS 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. VMBS is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. MBS Index. It was launched on Nov 19, 2009. Both SPMB and VMBS 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 VMBS.
Correlation
The correlation between SPMB and VMBS is 0.67, 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. VMBS - Performance Comparison
Key characteristics
SPMB:
0.23
VMBS:
0.27
SPMB:
0.36
VMBS:
0.42
SPMB:
1.04
VMBS:
1.05
SPMB:
0.11
VMBS:
0.14
SPMB:
0.63
VMBS:
0.81
SPMB:
2.29%
VMBS:
2.09%
SPMB:
6.31%
VMBS:
6.17%
SPMB:
-18.03%
VMBS:
-17.46%
SPMB:
-8.46%
VMBS:
-7.31%
Returns By Period
In the year-to-date period, SPMB achieves a 0.88% return, which is significantly lower than VMBS's 1.32% return. Over the past 10 years, SPMB has underperformed VMBS with an annualized return of 0.76%, while VMBS has yielded a comparatively higher 0.87% annualized return.
SPMB
0.88%
-0.71%
0.96%
1.43%
-0.89%
0.76%
VMBS
1.32%
-0.66%
1.13%
1.69%
-0.72%
0.87%
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SPMB vs. VMBS - Expense Ratio Comparison
Both SPMB and VMBS 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%.
Risk-Adjusted Performance
SPMB vs. VMBS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Mortgage Backed Bond ETF (SPMB) and Vanguard Mortgage-Backed Securities ETF (VMBS). 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. VMBS - Dividend Comparison
SPMB's dividend yield for the trailing twelve months is around 3.78%, less than VMBS's 3.96% 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% |
VMBS Vanguard Mortgage-Backed Securities ETF | 3.96% | 3.31% | 2.35% | 1.03% | 2.01% | 2.77% | 2.72% | 2.16% | 2.10% | 2.12% | 1.90% | 0.99% |
Drawdowns
SPMB vs. VMBS - Drawdown Comparison
The maximum SPMB drawdown since its inception was -18.03%, roughly equal to the maximum VMBS drawdown of -17.46%. Use the drawdown chart below to compare losses from any high point for SPMB and VMBS. For additional features, visit the drawdowns tool.
Volatility
SPMB vs. VMBS - Volatility Comparison
SPDR Portfolio Mortgage Backed Bond ETF (SPMB) has a higher volatility of 1.98% compared to Vanguard Mortgage-Backed Securities ETF (VMBS) at 1.88%. This indicates that SPMB's price experiences larger fluctuations and is considered to be riskier than VMBS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.