SPSB vs. THOPX
Compare and contrast key facts about SPDR Portfolio Short Term Corporate Bond ETF (SPSB) and Thompson Bond Fund (THOPX).
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. THOPX is managed by Thompson IM. It was launched on Feb 10, 1992.
Performance
SPSB vs. THOPX - Performance Comparison
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SPSB vs. THOPX - 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% |
THOPX Thompson Bond Fund | 0.09% | 7.98% | 11.54% | 6.98% | -7.28% | 5.75% | -1.71% | 5.56% | 1.80% | 4.75% |
Returns By Period
In the year-to-date period, SPSB achieves a 0.28% return, which is significantly higher than THOPX's 0.09% return. Over the past 10 years, SPSB has underperformed THOPX with an annualized return of 2.61%, while THOPX has yielded a comparatively higher 4.39% annualized 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%
THOPX
- 1D
- 0.29%
- 1M
- -1.20%
- YTD
- 0.09%
- 6M
- 1.68%
- 1Y
- 5.54%
- 3Y*
- 8.48%
- 5Y*
- 4.13%
- 10Y*
- 4.39%
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SPSB vs. THOPX - Expense Ratio Comparison
SPSB has a 0.07% expense ratio, which is lower than THOPX's 0.71% expense ratio.
Return for Risk
SPSB vs. THOPX — Risk / Return Rank
SPSB
THOPX
SPSB vs. THOPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Short Term Corporate Bond ETF (SPSB) and Thompson Bond Fund (THOPX). 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 | THOPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.01 | 2.67 | +0.34 |
Sortino ratioReturn per unit of downside risk | 4.62 | 3.79 | +0.83 |
Omega ratioGain probability vs. loss probability | 1.68 | 1.58 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 5.22 | 3.56 | +1.66 |
Martin ratioReturn relative to average drawdown | 21.58 | 14.40 | +7.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPSB | THOPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.01 | 2.67 | +0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.35 | 1.95 | -0.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | 2.00 | -1.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 1.25 | -0.39 |
Correlation
The correlation between SPSB and THOPX is 0.35, 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.
Dividends
SPSB vs. THOPX - Dividend Comparison
SPSB's dividend yield for the trailing twelve months is around 4.50%, less than THOPX's 5.15% 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% |
THOPX Thompson Bond Fund | 5.15% | 4.90% | 5.34% | 5.88% | 3.93% | 3.59% | 5.16% | 3.48% | 3.07% | 3.06% | 4.24% | 4.58% |
Drawdowns
SPSB vs. THOPX - Drawdown Comparison
The maximum SPSB drawdown since its inception was -11.75%, smaller than the maximum THOPX drawdown of -19.45%. Use the drawdown chart below to compare losses from any high point for SPSB and THOPX.
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Drawdown Indicators
| SPSB | THOPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.75% | -19.45% | +7.70% |
Max Drawdown (1Y)Largest decline over 1 year | -0.87% | -1.61% | +0.74% |
Max Drawdown (5Y)Largest decline over 5 years | -5.96% | -8.00% | +2.04% |
Max Drawdown (10Y)Largest decline over 10 years | -11.75% | -11.74% | -0.01% |
Current DrawdownCurrent decline from peak | -0.48% | -1.20% | +0.72% |
Average DrawdownAverage peak-to-trough decline | -0.55% | -1.87% | +1.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.21% | 0.40% | -0.19% |
Volatility
SPSB vs. THOPX - Volatility Comparison
The current volatility for SPDR Portfolio Short Term Corporate Bond ETF (SPSB) is 0.64%, while Thompson Bond Fund (THOPX) has a volatility of 0.83%. This indicates that SPSB experiences smaller price fluctuations and is considered to be less risky than THOPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPSB | THOPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.64% | 0.83% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 0.87% | 1.36% | -0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.50% | 2.09% | -0.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.97% | 2.12% | -0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.06% | 2.20% | +0.86% |