TSEC vs. SPSB
Compare and contrast key facts about Touchstone Securitized Income ETF (TSEC) and SPDR Portfolio Short Term Corporate Bond ETF (SPSB).
TSEC and SPSB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TSEC is an actively managed fund by Touchstone. It was launched on Jul 17, 2023. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TSEC or SPSB.
Key characteristics
| TSEC | SPSB | |
|---|---|---|
| YTD Return | 7.51% | 4.83% |
| 1Y Return | 11.24% | 8.18% |
| Sharpe Ratio | 3.91 | 4.18 |
| Daily Std Dev | 2.85% | 1.93% |
| Max Drawdown | -0.96% | -11.75% |
| Current Drawdown | -0.08% | -0.10% |
Correlation
The correlation between TSEC and SPSB is 0.51, 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
TSEC vs. SPSB - Performance Comparison
In the year-to-date period, TSEC achieves a 7.51% return, which is significantly higher than SPSB's 4.83% return. 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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TSEC vs. SPSB - Expense Ratio Comparison
TSEC has a 0.40% expense ratio, which is higher than SPSB's 0.07% expense ratio.
Risk-Adjusted Performance
TSEC vs. SPSB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Touchstone Securitized Income ETF (TSEC) and SPDR Portfolio Short Term Corporate Bond ETF (SPSB). 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
TSEC vs. SPSB - Dividend Comparison
TSEC's dividend yield for the trailing twelve months is around 5.53%, more than SPSB's 4.71% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TSEC Touchstone Securitized Income ETF | 5.53% | 2.86% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPSB SPDR Portfolio Short Term Corporate Bond ETF | 4.71% | 4.05% | 1.92% | 1.19% | 1.94% | 2.77% | 2.36% | 1.94% | 1.65% | 1.43% | 1.24% | 1.41% |
Drawdowns
TSEC vs. SPSB - Drawdown Comparison
The maximum TSEC drawdown since its inception was -0.96%, smaller than the maximum SPSB drawdown of -11.75%. Use the drawdown chart below to compare losses from any high point for TSEC and SPSB. For additional features, visit the drawdowns tool.
Volatility
TSEC vs. SPSB - Volatility Comparison
Touchstone Securitized Income ETF (TSEC) has a higher volatility of 1.03% compared to SPDR Portfolio Short Term Corporate Bond ETF (SPSB) at 0.44%. This indicates that TSEC's price experiences larger fluctuations and is considered to be riskier than SPSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.