SPSB vs. VGSH
Compare and contrast key facts about SPDR Portfolio Short Term Corporate Bond ETF (SPSB) and Vanguard Short-Term Treasury ETF (VGSH).
SPSB and VGSH 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. VGSH is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 1-3 Year Government Float Adjusted Index. It was launched on Nov 19, 2009. Both SPSB and VGSH 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 VGSH.
Performance
SPSB vs. VGSH - Performance Comparison
Returns By Period
In the year-to-date period, SPSB achieves a 4.60% return, which is significantly higher than VGSH's 3.37% return. Over the past 10 years, SPSB has outperformed VGSH with an annualized return of 2.14%, while VGSH has yielded a comparatively lower 1.27% annualized return.
SPSB
4.60%
-0.23%
3.37%
6.67%
2.14%
2.14%
VGSH
3.37%
-0.32%
2.85%
4.96%
1.26%
1.27%
Key characteristics
| SPSB | VGSH | |
|---|---|---|
| Sharpe Ratio | 3.83 | 2.75 |
| Sortino Ratio | 6.47 | 4.42 |
| Omega Ratio | 1.88 | 1.58 |
| Calmar Ratio | 10.99 | 2.47 |
| Martin Ratio | 29.83 | 14.25 |
| Ulcer Index | 0.23% | 0.36% |
| Daily Std Dev | 1.81% | 1.88% |
| Max Drawdown | -11.75% | -5.70% |
| Current Drawdown | -0.53% | -0.84% |
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. VGSH - Expense Ratio Comparison
SPSB has a 0.07% expense ratio, which is higher than VGSH'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%.
Correlation
The correlation between SPSB and VGSH is 0.48, 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.
Risk-Adjusted Performance
SPSB vs. VGSH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Short Term Corporate Bond ETF (SPSB) and Vanguard Short-Term Treasury ETF (VGSH). 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. VGSH - Dividend Comparison
SPSB's dividend yield for the trailing twelve months is around 4.85%, more than VGSH's 4.15% 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% |
VGSH Vanguard Short-Term Treasury ETF | 4.15% | 3.32% | 1.15% | 0.66% | 1.75% | 2.28% | 1.79% | 1.10% | 0.84% | 0.71% | 0.46% | 0.34% |
Drawdowns
SPSB vs. VGSH - Drawdown Comparison
The maximum SPSB drawdown since its inception was -11.75%, which is greater than VGSH's maximum drawdown of -5.70%. Use the drawdown chart below to compare losses from any high point for SPSB and VGSH. For additional features, visit the drawdowns tool.
Volatility
SPSB vs. VGSH - Volatility Comparison
The current volatility for SPDR Portfolio Short Term Corporate Bond ETF (SPSB) is 0.38%, while Vanguard Short-Term Treasury ETF (VGSH) has a volatility of 0.43%. This indicates that SPSB experiences smaller price fluctuations and is considered to be less risky than VGSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.