SPSB vs. SCHJ
Compare and contrast key facts about SPDR Portfolio Short Term Corporate Bond ETF (SPSB) and Schwab 1-5 Year Corporate Bond ETF (SCHJ).
SPSB and SCHJ 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. SCHJ is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg US Corporate (1-5 Y). It was launched on Oct 10, 2019. Both SPSB and SCHJ 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: SPSB or SCHJ.
Performance
SPSB vs. SCHJ - Performance Comparison
Returns By Period
In the year-to-date period, SPSB achieves a 4.60% return, which is significantly lower than SCHJ's 5.50% return.
SPSB
4.60%
-0.23%
3.37%
6.67%
2.14%
2.14%
SCHJ
5.50%
-0.56%
4.27%
8.71%
2.98%
N/A
Key characteristics
| SPSB | SCHJ | |
|---|---|---|
| Sharpe Ratio | 3.83 | 3.42 |
| Sortino Ratio | 6.47 | 5.77 |
| Omega Ratio | 1.88 | 1.74 |
| Calmar Ratio | 10.99 | 0.09 |
| Martin Ratio | 29.83 | 22.52 |
| Ulcer Index | 0.23% | 0.40% |
| Daily Std Dev | 1.81% | 2.64% |
| Max Drawdown | -11.75% | -100.00% |
| Current Drawdown | -0.53% | -100.00% |
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SPSB vs. SCHJ - Expense Ratio Comparison
SPSB has a 0.07% expense ratio, which is higher than SCHJ's 0.05% 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%.
Correlation
The correlation between SPSB and SCHJ is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
SPSB vs. SCHJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Short Term Corporate Bond ETF (SPSB) and Schwab 1-5 Year Corporate Bond ETF (SCHJ). 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
SPSB vs. SCHJ - Dividend Comparison
SPSB's dividend yield for the trailing twelve months is around 4.85%, less than SCHJ's 5.10% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPSB SPDR Portfolio Short Term Corporate Bond ETF | 4.85% | 4.05% | 1.92% | 1.20% | 1.94% | 2.77% | 2.36% | 1.94% | 1.65% | 1.44% | 1.26% | 1.41% |
SCHJ Schwab 1-5 Year Corporate Bond ETF | 5.10% | 3.68% | 2.67% | 1.49% | 3.28% | 0.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SPSB vs. SCHJ - Drawdown Comparison
The maximum SPSB drawdown since its inception was -11.75%, smaller than the maximum SCHJ drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for SPSB and SCHJ. For additional features, visit the drawdowns tool.
Volatility
SPSB vs. SCHJ - Volatility Comparison
The current volatility for SPDR Portfolio Short Term Corporate Bond ETF (SPSB) is 0.38%, while Schwab 1-5 Year Corporate Bond ETF (SCHJ) has a volatility of 0.68%. This indicates that SPSB experiences smaller price fluctuations and is considered to be less risky than SCHJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.