SPSB vs. VTC
Compare and contrast key facts about SPDR Portfolio Short Term Corporate Bond ETF (SPSB) and Vanguard Total Corporate Bond ETF (VTC).
SPSB and VTC 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. VTC is a passively managed fund by Vanguard that tracks the performance of the Bloomberg Barclays U.S. Corporate Bond Index. It was launched on Nov 7, 2017. Both SPSB and VTC 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. VTC - Performance Comparison
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SPSB vs. VTC - 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% | -0.00% |
VTC Vanguard Total Corporate Bond ETF | -0.26% | 7.58% | 2.15% | 8.58% | -15.68% | -1.41% | 9.30% | 14.60% | -2.55% | 0.84% |
Returns By Period
In the year-to-date period, SPSB achieves a 0.28% return, which is significantly higher than VTC's -0.26% 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%
VTC
- 1D
- 0.55%
- 1M
- -1.83%
- YTD
- -0.26%
- 6M
- 0.39%
- 1Y
- 4.99%
- 3Y*
- 4.65%
- 5Y*
- 0.63%
- 10Y*
- —
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SPSB vs. VTC - Expense Ratio Comparison
SPSB has a 0.07% expense ratio, which is higher than VTC'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%.
Return for Risk
SPSB vs. VTC — Risk / Return Rank
SPSB
VTC
SPSB vs. VTC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Short Term Corporate Bond ETF (SPSB) and Vanguard Total Corporate Bond ETF (VTC). 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 | VTC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.01 | 0.92 | +2.08 |
Sortino ratioReturn per unit of downside risk | 4.62 | 1.28 | +3.33 |
Omega ratioGain probability vs. loss probability | 1.68 | 1.18 | +0.50 |
Calmar ratioReturn relative to maximum drawdown | 5.22 | 1.79 | +3.43 |
Martin ratioReturn relative to average drawdown | 21.58 | 5.39 | +16.19 |
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 | VTC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.01 | 0.92 | +2.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.35 | 0.09 | +1.26 |
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 | 0.31 | +0.55 |
Correlation
The correlation between SPSB and VTC is 0.66, 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. VTC - Dividend Comparison
SPSB's dividend yield for the trailing twelve months is around 4.50%, less than VTC's 4.86% 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% |
VTC Vanguard Total Corporate Bond ETF | 4.86% | 4.76% | 4.50% | 3.80% | 3.13% | 2.36% | 2.69% | 3.34% | 3.53% | 0.55% | 0.00% | 0.00% |
Drawdowns
SPSB vs. VTC - Drawdown Comparison
The maximum SPSB drawdown since its inception was -11.75%, smaller than the maximum VTC drawdown of -22.05%. Use the drawdown chart below to compare losses from any high point for SPSB and VTC.
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Drawdown Indicators
| SPSB | VTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.75% | -22.05% | +10.30% |
Max Drawdown (1Y)Largest decline over 1 year | -0.87% | -2.89% | +2.02% |
Max Drawdown (5Y)Largest decline over 5 years | -5.96% | -22.05% | +16.09% |
Max Drawdown (10Y)Largest decline over 10 years | -11.75% | — | — |
Current DrawdownCurrent decline from peak | -0.48% | -1.83% | +1.35% |
Average DrawdownAverage peak-to-trough decline | -0.55% | -5.94% | +5.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.21% | 0.96% | -0.75% |
Volatility
SPSB vs. VTC - Volatility Comparison
The current volatility for SPDR Portfolio Short Term Corporate Bond ETF (SPSB) is 0.64%, while Vanguard Total Corporate Bond ETF (VTC) has a volatility of 2.19%. This indicates that SPSB experiences smaller price fluctuations and is considered to be less risky than VTC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPSB | VTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.64% | 2.19% | -1.55% |
Volatility (6M)Calculated over the trailing 6-month period | 0.87% | 3.02% | -2.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.50% | 5.44% | -3.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.97% | 7.08% | -5.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.06% | 7.74% | -4.68% |