SPSB vs. WINC
Compare and contrast key facts about SPDR Portfolio Short Term Corporate Bond ETF (SPSB) and Western Asset Short Duration Income ETF (WINC).
SPSB and WINC 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. WINC is an actively managed fund by Franklin Templeton. It was launched on Feb 7, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPSB or WINC.
Performance
SPSB vs. WINC - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with SPSB having a 4.60% return and WINC slightly lower at 4.55%.
SPSB
4.60%
-0.23%
3.37%
6.67%
2.14%
2.14%
WINC
4.55%
-0.31%
2.88%
7.30%
2.16%
N/A
Key characteristics
| SPSB | WINC | |
|---|---|---|
| Sharpe Ratio | 3.83 | 3.28 |
| Sortino Ratio | 6.47 | 5.41 |
| Omega Ratio | 1.88 | 1.72 |
| Calmar Ratio | 10.99 | 1.52 |
| Martin Ratio | 29.83 | 24.06 |
| Ulcer Index | 0.23% | 0.31% |
| Daily Std Dev | 1.81% | 2.25% |
| Max Drawdown | -11.75% | -17.36% |
| Current Drawdown | -0.53% | -0.73% |
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SPSB vs. WINC - Expense Ratio Comparison
SPSB has a 0.07% expense ratio, which is lower than WINC's 0.29% expense ratio.
Correlation
The correlation between SPSB and WINC is 0.59, 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. WINC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Short Term Corporate Bond ETF (SPSB) and Western Asset Short Duration Income ETF (WINC). 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. WINC - Dividend Comparison
SPSB's dividend yield for the trailing twelve months is around 4.85%, more than WINC's 4.80% 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% |
WINC Western Asset Short Duration Income ETF | 4.80% | 4.35% | 2.49% | 1.96% | 3.90% | 3.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SPSB vs. WINC - Drawdown Comparison
The maximum SPSB drawdown since its inception was -11.75%, smaller than the maximum WINC drawdown of -17.36%. Use the drawdown chart below to compare losses from any high point for SPSB and WINC. For additional features, visit the drawdowns tool.
Volatility
SPSB vs. WINC - Volatility Comparison
The current volatility for SPDR Portfolio Short Term Corporate Bond ETF (SPSB) is 0.38%, while Western Asset Short Duration Income ETF (WINC) has a volatility of 0.47%. This indicates that SPSB experiences smaller price fluctuations and is considered to be less risky than WINC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.