Correlation
The correlation between VMBS and SPMB is -0.05. 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.
VMBS vs. SPMB
Compare and contrast key facts about Vanguard Mortgage-Backed Securities ETF (VMBS) and SPDR Portfolio Mortgage Backed Bond ETF (SPMB).
VMBS and SPMB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VMBS is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. MBS Index. It was launched on Nov 19, 2009. SPMB is a passively managed fund by State Street that tracks the performance of the Bloomberg US Aggregate Securitized - MBS. It was launched on Jan 15, 2009. Both VMBS and SPMB 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: VMBS or SPMB.
Performance
VMBS vs. SPMB - Performance Comparison
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Key characteristics
VMBS:
1.09
SPMB:
1.04
VMBS:
1.63
SPMB:
1.56
VMBS:
1.20
SPMB:
1.19
VMBS:
0.60
SPMB:
0.54
VMBS:
3.26
SPMB:
2.76
VMBS:
2.02%
SPMB:
2.31%
VMBS:
5.91%
SPMB:
6.04%
VMBS:
-17.52%
SPMB:
-18.03%
VMBS:
-4.82%
SPMB:
-5.96%
Returns By Period
The year-to-date returns for both stocks are quite close, with VMBS having a 2.38% return and SPMB slightly lower at 2.27%. Over the past 10 years, VMBS has outperformed SPMB with an annualized return of 1.02%, while SPMB has yielded a comparatively lower 0.93% annualized return.
VMBS
2.38%
-0.61%
0.79%
5.97%
1.48%
-0.91%
1.02%
SPMB
2.27%
-0.73%
0.59%
5.84%
1.23%
-1.11%
0.93%
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VMBS vs. SPMB - Expense Ratio Comparison
Both VMBS and SPMB have an expense ratio of 0.04%, 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
VMBS vs. SPMB — Risk-Adjusted Performance Rank
VMBS
SPMB
VMBS vs. SPMB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mortgage-Backed Securities ETF (VMBS) and SPDR Portfolio Mortgage Backed Bond ETF (SPMB). 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
VMBS vs. SPMB - Dividend Comparison
VMBS's dividend yield for the trailing twelve months is around 4.12%, more than SPMB's 3.80% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMBS Vanguard Mortgage-Backed Securities ETF | 4.12% | 3.94% | 3.31% | 2.35% | 1.02% | 1.81% | 2.77% | 2.72% | 2.16% | 2.10% | 2.12% | 1.90% |
SPMB SPDR Portfolio Mortgage Backed Bond ETF | 3.80% | 3.76% | 3.21% | 2.98% | 2.59% | 2.95% | 3.24% | 3.36% | 3.13% | 2.99% | 3.05% | 3.54% |
Drawdowns
VMBS vs. SPMB - Drawdown Comparison
The maximum VMBS drawdown since its inception was -17.52%, roughly equal to the maximum SPMB drawdown of -18.03%. Use the drawdown chart below to compare losses from any high point for VMBS and SPMB.
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Volatility
VMBS vs. SPMB - Volatility Comparison
Vanguard Mortgage-Backed Securities ETF (VMBS) and SPDR Portfolio Mortgage Backed Bond ETF (SPMB) have volatilities of 1.77% and 1.74%, 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.
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