SPSB vs. VTIP
Compare and contrast key facts about SPDR Portfolio Short Term Corporate Bond ETF (SPSB) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP).
SPSB and VTIP 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. VTIP is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L). It was launched on Oct 12, 2012. Both SPSB and VTIP 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 VTIP.
Performance
SPSB vs. VTIP - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with SPSB having a 4.60% return and VTIP slightly lower at 4.42%. Over the past 10 years, SPSB has underperformed VTIP with an annualized return of 2.14%, while VTIP has yielded a comparatively higher 2.40% annualized return.
SPSB
4.60%
-0.23%
3.37%
6.67%
2.14%
2.14%
VTIP
4.42%
-0.27%
2.91%
6.55%
3.51%
2.40%
Key characteristics
| SPSB | VTIP | |
|---|---|---|
| Sharpe Ratio | 3.83 | 3.16 |
| Sortino Ratio | 6.47 | 5.62 |
| Omega Ratio | 1.88 | 1.73 |
| Calmar Ratio | 10.99 | 5.00 |
| Martin Ratio | 29.83 | 24.86 |
| Ulcer Index | 0.23% | 0.27% |
| Daily Std Dev | 1.81% | 2.13% |
| Max Drawdown | -11.75% | -6.27% |
| Current Drawdown | -0.53% | -0.59% |
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SPSB vs. VTIP - Expense Ratio Comparison
SPSB has a 0.07% expense ratio, which is higher than VTIP'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 VTIP is 0.44, 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. VTIP - 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 Inflation-Protected Securities ETF (VTIP). 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. VTIP - Dividend Comparison
SPSB's dividend yield for the trailing twelve months is around 4.85%, more than VTIP's 3.39% 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% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 3.39% | 3.36% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% | 0.00% | 0.82% | 0.05% |
Drawdowns
SPSB vs. VTIP - Drawdown Comparison
The maximum SPSB drawdown since its inception was -11.75%, which is greater than VTIP's maximum drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for SPSB and VTIP. For additional features, visit the drawdowns tool.
Volatility
SPSB vs. VTIP - Volatility Comparison
The current volatility for SPDR Portfolio Short Term Corporate Bond ETF (SPSB) is 0.38%, while Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) has a volatility of 0.49%. This indicates that SPSB experiences smaller price fluctuations and is considered to be less risky than VTIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.