SPXB vs. IEI
Compare and contrast key facts about ProShares S&P 500 Bond ETF (SPXB) and iShares 3-7 Year Treasury Bond ETF (IEI).
SPXB and IEI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPXB is a passively managed fund by ProShares that tracks the performance of the S&P 500 MarketAxess Investment Grade Corporate Bond Index. It was launched on May 1, 2018. IEI is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 3-7 Year Treasury Bond Index. It was launched on Jan 11, 2007. Both SPXB and IEI 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: SPXB or IEI.
Key characteristics
| SPXB | IEI |
|---|
Correlation
The correlation between SPXB and IEI is 0.67, 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.
Performance
SPXB vs. IEI - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SPXB vs. IEI - Expense Ratio Comparison
Both SPXB and IEI have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
SPXB vs. IEI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 Bond ETF (SPXB) and iShares 3-7 Year Treasury Bond ETF (IEI). 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
SPXB vs. IEI - Dividend Comparison
SPXB has not paid dividends to shareholders, while IEI's dividend yield for the trailing twelve months is around 3.09%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPXB ProShares S&P 500 Bond ETF | 2.02% | 4.05% | 3.14% | 2.00% | 2.64% | 3.48% | 2.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IEI iShares 3-7 Year Treasury Bond ETF | 3.09% | 2.36% | 1.37% | 0.73% | 1.12% | 2.01% | 1.95% | 1.51% | 1.33% | 1.39% | 1.23% | 0.77% |
Drawdowns
SPXB vs. IEI - Drawdown Comparison
Volatility
SPXB vs. IEI - Volatility Comparison
The current volatility for ProShares S&P 500 Bond ETF (SPXB) is 0.00%, while iShares 3-7 Year Treasury Bond ETF (IEI) has a volatility of 1.08%. This indicates that SPXB experiences smaller price fluctuations and is considered to be less risky than IEI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.