USIG vs. SPBO
Compare and contrast key facts about iShares Broad USD Investment Grade Corporate Bond ETF (USIG) and SPDR Portfolio Corporate Bond ETF (SPBO).
USIG and SPBO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. USIG is a passively managed fund by iShares that tracks the performance of the ICE BofA US Corporate. It was launched on Jan 5, 2007. SPBO is a passively managed fund by State Street that tracks the performance of the Bloomberg Barclays U.S. Corporate Bond Index. It was launched on Apr 6, 2011. Both USIG and SPBO 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: USIG or SPBO.
Key characteristics
| USIG | SPBO | |
|---|---|---|
| YTD Return | 4.74% | 4.81% |
| 1Y Return | 14.14% | 14.49% |
| 3Y Return (Ann) | -1.23% | -1.32% |
| 5Y Return (Ann) | 1.07% | 1.18% |
| 10Y Return (Ann) | 2.54% | 2.58% |
| Sharpe Ratio | 2.21 | 2.13 |
| Sortino Ratio | 3.30 | 3.19 |
| Omega Ratio | 1.39 | 1.38 |
| Calmar Ratio | 0.74 | 0.73 |
| Martin Ratio | 11.11 | 10.33 |
| Ulcer Index | 1.22% | 1.34% |
| Daily Std Dev | 6.14% | 6.50% |
| Max Drawdown | -22.21% | -22.05% |
| Current Drawdown | -5.20% | -5.55% |
Correlation
The correlation between USIG and SPBO is 0.70, 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
USIG vs. SPBO - Performance Comparison
The year-to-date returns for both investments are quite close, with USIG having a 4.74% return and SPBO slightly higher at 4.81%. Both investments have delivered pretty close results over the past 10 years, with USIG having a 2.54% annualized return and SPBO not far ahead at 2.58%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
USIG vs. SPBO - Expense Ratio Comparison
USIG has a 0.04% expense ratio, which is higher than SPBO's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
USIG vs. SPBO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Broad USD Investment Grade Corporate Bond ETF (USIG) and SPDR Portfolio Corporate Bond ETF (SPBO). 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
USIG vs. SPBO - Dividend Comparison
USIG's dividend yield for the trailing twelve months is around 4.27%, less than SPBO's 5.08% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USIG iShares Broad USD Investment Grade Corporate Bond ETF | 4.27% | 3.94% | 3.14% | 2.33% | 2.82% | 3.37% | 3.44% | 3.03% | 3.14% | 3.24% | 3.32% | 3.53% |
SPBO SPDR Portfolio Corporate Bond ETF | 5.08% | 4.73% | 3.54% | 2.65% | 2.85% | 3.46% | 3.60% | 3.15% | 3.09% | 3.07% | 3.21% | 3.76% |
Drawdowns
USIG vs. SPBO - Drawdown Comparison
The maximum USIG drawdown since its inception was -22.21%, roughly equal to the maximum SPBO drawdown of -22.05%. Use the drawdown chart below to compare losses from any high point for USIG and SPBO. For additional features, visit the drawdowns tool.
Volatility
USIG vs. SPBO - Volatility Comparison
iShares Broad USD Investment Grade Corporate Bond ETF (USIG) and SPDR Portfolio Corporate Bond ETF (SPBO) have volatilities of 1.23% and 1.28%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.