SPXB vs. AAPL

Last updated Jun 24, 2026

SPXB (ProShares S&P 500 Bond ETF) is Corporate Bonds fund tracking the S&P 500 MarketAxess Investment Grade Corporate Bond Index, while AAPL (Apple Inc) is a stock. At a 0.15 correlation, their price movements are largely independent.

Performance

SPXB vs. AAPL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares S&P 500 Bond ETF (SPXB) and Apple Inc (AAPL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SPXB

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AAPL

• 1D: -0.91%
• 1M: -4.70%
• YTD: 8.46%
• 6M: 8.26%
• 1Y: 46.63%
• 3Y*: 16.93%
• 5Y*: 17.74%
• 10Y*: 30.05%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SPXB vs. AAPL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
SPXB ProShares S&P 500 Bond ETF	0.00%	0.00%	-3.45%	8.83%	-16.66%	-1.89%	10.33%	15.34%	1.05%
AAPL Apple Inc	8.46%	9.05%	30.71%	49.01%	-26.40%	34.65%	82.31%	88.96%	-9.69%

Correlation

The correlation between SPXB and AAPL is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.10
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (All Time) Calculated using the full available price history since May 3, 2018	0.15

Return for Risk

SPXB vs. AAPL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPXB

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

AAPL

AAPL Risk / Return Rank: 87
AAPL Sharpe Ratio Rank: 89
AAPL Sortino Ratio Rank: 88
AAPL Omega Ratio Rank: 88
AAPL Calmar Ratio Rank: 86
AAPL Martin Ratio Rank: 85

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPXB vs. AAPL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 Bond ETF (SPXB) and Apple Inc (AAPL). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SPXB	AAPL	Difference
Sharpe ratio: Return per unit of total volatility	—	2.08	—
Sortino ratio: Return per unit of downside risk	—	2.94	—
Omega ratio: Gain probability vs. loss probability	—	1.38	—
Calmar ratio: Return relative to maximum drawdown	—	3.40	—
Martin ratio: Return relative to average drawdown	—	8.35	—

Drawdowns

Drawdown Indicators

	SPXB	AAPL	Difference
Max Drawdown Largest peak-to-trough decline	—	-81.80%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-13.80%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-33.36%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-33.36%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-38.52%	—
Current Drawdown Current decline from peak	—	-6.63%	—
Average Drawdown Average peak-to-trough decline	—	-29.58%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.60%	—

Volatility

Volatility by Period

	SPXB	AAPL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.98%	—
Volatility (6M) Calculated over the trailing 6-month period	—	16.62%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	22.57%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	27.52%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	28.92%	—

Dividends

SPXB vs. AAPL - Dividend Comparison

SPXB has not paid dividends to shareholders, while AAPL's dividend yield for the trailing twelve months is around 0.36%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AAPL Apple Inc	0.36%	0.38%	0.40%	0.49%	0.70%	0.49%	0.61%	1.04%	1.79%	1.45%	1.93%	1.93%
SPXB ProShares S&P 500 Bond ETF	0.00%	0.00%	1.22%	4.04%	3.14%	2.00%	2.64%	3.48%	2.52%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SPXB and AAPL in my portfolio?

SPXB and AAPL have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.