Correlation
The correlation between SPXB and IEI is -0.08. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
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.
Performance
SPXB vs. IEI - Performance Comparison
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Key characteristics
Returns By Period
SPXB
N/A
N/A
N/A
N/A
N/A
N/A
N/A
IEI
3.43%
-0.36%
2.60%
6.47%
2.00%
-0.59%
1.36%
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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 Rank
SPXB
IEI
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.
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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 3.23%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPXB ProShares S&P 500 Bond ETF | 0.00% | 1.22% | 4.05% | 3.14% | 2.00% | 2.64% | 3.48% | 2.52% | 0.00% | 0.00% | 0.00% | 0.00% |
IEI iShares 3-7 Year Treasury Bond ETF | 3.23% | 3.18% | 2.36% | 1.37% | 0.73% | 1.12% | 2.01% | 1.95% | 1.51% | 1.33% | 1.39% | 1.23% |
Drawdowns
SPXB vs. IEI - Drawdown Comparison
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Volatility
SPXB vs. IEI - Volatility Comparison
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