SPMD vs. SCHZ
Compare and contrast key facts about SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) and Schwab U.S. Aggregate Bond ETF (SCHZ).
SPMD and SCHZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPMD is a passively managed fund by State Street that tracks the performance of the S&P MidCap 400 Index. It was launched on Nov 8, 2005. SCHZ is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg US Aggregate. It was launched on Jul 14, 2011. Both SPMD and SCHZ 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: SPMD or SCHZ.
Key characteristics
| SPMD | SCHZ | |
|---|---|---|
| YTD Return | 16.78% | 3.44% |
| 1Y Return | 29.43% | 8.83% |
| 3Y Return (Ann) | 4.97% | -0.52% |
| 5Y Return (Ann) | 11.64% | 1.48% |
| 10Y Return (Ann) | 9.72% | 2.85% |
| Sharpe Ratio | 1.76 | 1.58 |
| Sortino Ratio | 2.52 | 2.36 |
| Omega Ratio | 1.31 | 1.28 |
| Calmar Ratio | 2.63 | 0.84 |
| Martin Ratio | 10.24 | 6.22 |
| Ulcer Index | 2.74% | 1.52% |
| Daily Std Dev | 15.92% | 5.98% |
| Max Drawdown | -57.62% | -16.93% |
| Current Drawdown | -3.53% | -3.46% |
Correlation
The correlation between SPMD and SCHZ is -0.09. 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
SPMD vs. SCHZ - Performance Comparison
In the year-to-date period, SPMD achieves a 16.78% return, which is significantly higher than SCHZ's 3.44% return. Over the past 10 years, SPMD has outperformed SCHZ with an annualized return of 9.72%, while SCHZ has yielded a comparatively lower 2.85% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SPMD vs. SCHZ - Expense Ratio Comparison
SPMD has a 0.05% expense ratio, which is higher than SCHZ's 0.04% expense ratio. However, 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
SPMD vs. SCHZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) and Schwab U.S. Aggregate Bond ETF (SCHZ). 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
SPMD vs. SCHZ - Dividend Comparison
SPMD's dividend yield for the trailing twelve months is around 1.34%, less than SCHZ's 5.85% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPMD SPDR Portfolio S&P 400 Mid Cap ETF | 1.34% | 1.47% | 1.64% | 1.24% | 1.30% | 1.57% | 1.85% | 1.97% | 2.13% | 5.33% | 5.71% | 10.67% |
SCHZ Schwab U.S. Aggregate Bond ETF | 5.85% | 3.85% | 3.73% | 3.61% | 4.05% | 4.67% | 4.44% | 3.81% | 3.37% | 2.81% | 3.06% | 3.06% |
Drawdowns
SPMD vs. SCHZ - Drawdown Comparison
The maximum SPMD drawdown since its inception was -57.62%, which is greater than SCHZ's maximum drawdown of -16.93%. Use the drawdown chart below to compare losses from any high point for SPMD and SCHZ. For additional features, visit the drawdowns tool.
Volatility
SPMD vs. SCHZ - Volatility Comparison
SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) has a higher volatility of 5.48% compared to Schwab U.S. Aggregate Bond ETF (SCHZ) at 1.59%. This indicates that SPMD's price experiences larger fluctuations and is considered to be riskier than SCHZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.