SPSB vs. TSEC
Compare and contrast key facts about SPDR Portfolio Short Term Corporate Bond ETF (SPSB) and Touchstone Securitized Income ETF (TSEC).
SPSB and TSEC 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. TSEC is an actively managed fund by Touchstone. It was launched on Jul 17, 2023.
Performance
SPSB vs. TSEC - Performance Comparison
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SPSB vs. TSEC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SPSB SPDR Portfolio Short Term Corporate Bond ETF | 0.28% | 5.86% | 5.25% | 3.45% |
TSEC Touchstone Securitized Income ETF | 0.25% | 7.47% | 7.62% | 5.00% |
Returns By Period
In the year-to-date period, SPSB achieves a 0.28% return, which is significantly higher than TSEC's 0.25% 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%
TSEC
- 1D
- 0.19%
- 1M
- -1.09%
- YTD
- 0.25%
- 6M
- 2.07%
- 1Y
- 5.75%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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SPSB vs. TSEC - Expense Ratio Comparison
SPSB has a 0.07% expense ratio, which is lower than TSEC's 0.40% expense ratio.
Return for Risk
SPSB vs. TSEC — Risk / Return Rank
SPSB
TSEC
SPSB vs. TSEC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Short Term Corporate Bond ETF (SPSB) and Touchstone Securitized Income ETF (TSEC). 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 | TSEC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.01 | 1.95 | +1.06 |
Sortino ratioReturn per unit of downside risk | 4.62 | 2.74 | +1.87 |
Omega ratioGain probability vs. loss probability | 1.68 | 1.43 | +0.25 |
Calmar ratioReturn relative to maximum drawdown | 5.22 | 3.36 | +1.86 |
Martin ratioReturn relative to average drawdown | 21.58 | 12.85 | +8.73 |
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 | TSEC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.01 | 1.95 | +1.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.35 | — | — |
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 | 2.57 | -1.71 |
Correlation
The correlation between SPSB and TSEC is 0.37, 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. TSEC - Dividend Comparison
SPSB's dividend yield for the trailing twelve months is around 4.50%, less than TSEC's 7.12% 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% |
TSEC Touchstone Securitized Income ETF | 7.12% | 6.47% | 5.83% | 2.86% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SPSB vs. TSEC - Drawdown Comparison
The maximum SPSB drawdown since its inception was -11.75%, which is greater than TSEC's maximum drawdown of -1.78%. Use the drawdown chart below to compare losses from any high point for SPSB and TSEC.
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Drawdown Indicators
| SPSB | TSEC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.75% | -1.78% | -9.97% |
Max Drawdown (1Y)Largest decline over 1 year | -0.87% | -1.78% | +0.91% |
Max Drawdown (5Y)Largest decline over 5 years | -5.96% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -11.75% | — | — |
Current DrawdownCurrent decline from peak | -0.48% | -1.32% | +0.84% |
Average DrawdownAverage peak-to-trough decline | -0.55% | -0.30% | -0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.21% | 0.46% | -0.25% |
Volatility
SPSB vs. TSEC - Volatility Comparison
The current volatility for SPDR Portfolio Short Term Corporate Bond ETF (SPSB) is 0.64%, while Touchstone Securitized Income ETF (TSEC) has a volatility of 1.21%. This indicates that SPSB experiences smaller price fluctuations and is considered to be less risky than TSEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPSB | TSEC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.64% | 1.21% | -0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 0.87% | 2.18% | -1.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.50% | 2.97% | -1.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.97% | 2.96% | -0.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.06% | 2.96% | +0.10% |