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.
Performance
TSEC vs. SPSB - Performance Comparison
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TSEC vs. SPSB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TSEC Touchstone Securitized Income ETF | 0.25% | 7.47% | 7.62% | 5.00% |
SPSB SPDR Portfolio Short Term Corporate Bond ETF | 0.28% | 5.86% | 5.25% | 3.45% |
Returns By Period
In the year-to-date period, TSEC achieves a 0.25% return, which is significantly lower than SPSB's 0.28% return.
TSEC
- 1D
- 0.19%
- 1M
- -1.09%
- YTD
- 0.25%
- 6M
- 2.07%
- 1Y
- 5.75%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPSB
- 1D
- 0.17%
- 1M
- -0.48%
- YTD
- 0.28%
- 6M
- 1.46%
- 1Y
- 4.49%
- 3Y*
- 5.17%
- 5Y*
- 2.64%
- 10Y*
- 2.61%
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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.
Return for Risk
TSEC vs. SPSB — Risk / Return Rank
TSEC
SPSB
TSEC vs. SPSB - Risk-Adjusted Trends 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.
| TSEC | SPSB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.95 | 3.01 | -1.06 |
Sortino ratioReturn per unit of downside risk | 2.74 | 4.62 | -1.87 |
Omega ratioGain probability vs. loss probability | 1.43 | 1.68 | -0.25 |
Calmar ratioReturn relative to maximum drawdown | 3.36 | 5.22 | -1.86 |
Martin ratioReturn relative to average drawdown | 12.85 | 21.58 | -8.73 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TSEC | SPSB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.95 | 3.01 | -1.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.35 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.86 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.57 | 0.86 | +1.71 |
Correlation
The correlation between TSEC and SPSB is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
TSEC vs. SPSB - Dividend Comparison
TSEC's dividend yield for the trailing twelve months is around 7.12%, more than SPSB's 4.50% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TSEC Touchstone Securitized Income ETF | 7.12% | 6.47% | 5.83% | 2.86% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPSB SPDR Portfolio Short Term Corporate Bond ETF | 4.50% | 4.55% | 4.85% | 4.05% | 1.92% | 1.19% | 1.94% | 2.77% | 2.36% | 1.94% | 1.65% | 1.43% |
Drawdowns
TSEC vs. SPSB - Drawdown Comparison
The maximum TSEC drawdown since its inception was -1.78%, 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.
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Drawdown Indicators
| TSEC | SPSB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.78% | -11.75% | +9.97% |
Max Drawdown (1Y)Largest decline over 1 year | -1.78% | -0.87% | -0.91% |
Max Drawdown (5Y)Largest decline over 5 years | — | -5.96% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -11.75% | — |
Current DrawdownCurrent decline from peak | -1.32% | -0.48% | -0.84% |
Average DrawdownAverage peak-to-trough decline | -0.30% | -0.55% | +0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.46% | 0.21% | +0.25% |
Volatility
TSEC vs. SPSB - Volatility Comparison
Touchstone Securitized Income ETF (TSEC) has a higher volatility of 1.21% compared to SPDR Portfolio Short Term Corporate Bond ETF (SPSB) at 0.64%. 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.
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Volatility by Period
| TSEC | SPSB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.21% | 0.64% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 2.18% | 0.87% | +1.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.97% | 1.50% | +1.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.96% | 1.97% | +0.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.96% | 3.06% | -0.10% |