SPSB vs. IBDR
Compare and contrast key facts about SPDR Portfolio Short Term Corporate Bond ETF (SPSB) and iShares iBonds Dec 2026 Term Corporate ETF (IBDR).
SPSB and IBDR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPSB is a passively managed fund by State Street that tracks the performance of the Bloomberg Barclays U.S. 1-3 Year Corporate Bond Index. It was launched on Dec 16, 2009. IBDR is a passively managed fund by iShares that tracks the performance of the Barclays December 2026 Maturity Corporate Index. It was launched on Sep 13, 2016. Both SPSB and IBDR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
SPSB vs. IBDR - Performance Comparison
Loading graphics...
SPSB vs. IBDR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPSB SPDR Portfolio Short Term Corporate Bond ETF | 0.28% | 5.86% | 5.25% | 5.60% | -3.31% | -0.20% | 3.83% | 5.21% | 1.45% | 1.58% |
IBDR iShares iBonds Dec 2026 Term Corporate ETF | 0.72% | 4.99% | 4.98% | 5.96% | -8.28% | -1.79% | 8.88% | 14.81% | -2.80% | 5.96% |
Returns By Period
In the year-to-date period, SPSB achieves a 0.28% return, which is significantly lower than IBDR's 0.72% return.
SPSB
- 1D
- 0.17%
- 1M
- -0.48%
- YTD
- 0.28%
- 6M
- 1.46%
- 1Y
- 4.49%
- 3Y*
- 5.17%
- 5Y*
- 2.64%
- 10Y*
- 2.61%
IBDR
- 1D
- 0.04%
- 1M
- 0.21%
- YTD
- 0.72%
- 6M
- 1.84%
- 1Y
- 4.40%
- 3Y*
- 4.81%
- 5Y*
- 1.63%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SPSB vs. IBDR - Expense Ratio Comparison
SPSB has a 0.07% expense ratio, which is lower than IBDR's 0.10% 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%.
Return for Risk
SPSB vs. IBDR — Risk / Return Rank
SPSB
IBDR
SPSB vs. IBDR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Short Term Corporate Bond ETF (SPSB) and iShares iBonds Dec 2026 Term Corporate ETF (IBDR). 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.
| SPSB | IBDR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.01 | 5.39 | -2.39 |
Sortino ratioReturn per unit of downside risk | 4.62 | 9.54 | -4.92 |
Omega ratioGain probability vs. loss probability | 1.68 | 2.66 | -0.99 |
Calmar ratioReturn relative to maximum drawdown | 5.22 | 11.93 | -6.71 |
Martin ratioReturn relative to average drawdown | 21.58 | 82.60 | -61.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| SPSB | IBDR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.01 | 5.39 | -2.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.35 | 0.48 | +0.87 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.60 | +0.26 |
Correlation
The correlation between SPSB and IBDR is 0.60, 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.
Dividends
SPSB vs. IBDR - Dividend Comparison
SPSB's dividend yield for the trailing twelve months is around 4.50%, more than IBDR's 4.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPSB SPDR Portfolio Short Term Corporate Bond ETF | 4.50% | 4.55% | 4.85% | 4.05% | 1.92% | 1.19% | 1.94% | 2.77% | 2.36% | 1.94% | 1.65% | 1.43% |
IBDR iShares iBonds Dec 2026 Term Corporate ETF | 4.18% | 4.20% | 4.13% | 3.41% | 2.44% | 2.11% | 2.61% | 3.25% | 3.56% | 3.22% | 0.86% | 0.00% |
Drawdowns
SPSB vs. IBDR - Drawdown Comparison
The maximum SPSB drawdown since its inception was -11.75%, smaller than the maximum IBDR drawdown of -16.06%. Use the drawdown chart below to compare losses from any high point for SPSB and IBDR.
Loading graphics...
Drawdown Indicators
| SPSB | IBDR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.75% | -16.06% | +4.31% |
Max Drawdown (1Y)Largest decline over 1 year | -0.87% | -0.37% | -0.50% |
Max Drawdown (5Y)Largest decline over 5 years | -5.96% | -13.13% | +7.17% |
Max Drawdown (10Y)Largest decline over 10 years | -11.75% | — | — |
Current DrawdownCurrent decline from peak | -0.48% | 0.00% | -0.48% |
Average DrawdownAverage peak-to-trough decline | -0.55% | -2.89% | +2.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.21% | 0.05% | +0.16% |
Volatility
SPSB vs. IBDR - Volatility Comparison
SPDR Portfolio Short Term Corporate Bond ETF (SPSB) has a higher volatility of 0.64% compared to iShares iBonds Dec 2026 Term Corporate ETF (IBDR) at 0.15%. This indicates that SPSB's price experiences larger fluctuations and is considered to be riskier than IBDR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| SPSB | IBDR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.64% | 0.15% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 0.87% | 0.38% | +0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.50% | 0.82% | +0.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.97% | 3.43% | -1.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.06% | 4.91% | -1.85% |