WINC vs. SPSB
Compare and contrast key facts about Western Asset Short Duration Income ETF (WINC) and SPDR Portfolio Short Term Corporate Bond ETF (SPSB).
WINC and SPSB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WINC is an actively managed fund by Franklin Templeton. It was launched on Feb 7, 2019. 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: WINC or SPSB.
Key characteristics
| WINC | SPSB | |
|---|---|---|
| YTD Return | 4.71% | 4.74% |
| 1Y Return | 8.16% | 7.47% |
| 3Y Return (Ann) | 0.96% | 2.17% |
| 5Y Return (Ann) | 2.18% | 2.20% |
| Sharpe Ratio | 3.52 | 3.93 |
| Sortino Ratio | 6.00 | 6.75 |
| Omega Ratio | 1.81 | 1.93 |
| Calmar Ratio | 1.48 | 6.84 |
| Martin Ratio | 28.18 | 33.19 |
| Ulcer Index | 0.29% | 0.22% |
| Daily Std Dev | 2.32% | 1.86% |
| Max Drawdown | -17.36% | -11.75% |
| Current Drawdown | -0.58% | -0.40% |
Correlation
The correlation between WINC and SPSB is 0.58, 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
WINC vs. SPSB - Performance Comparison
The year-to-date returns for both investments are quite close, with WINC having a 4.71% return and SPSB slightly higher at 4.74%. 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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WINC vs. SPSB - Expense Ratio Comparison
WINC has a 0.29% expense ratio, which is higher than SPSB's 0.07% expense ratio.
Risk-Adjusted Performance
WINC vs. SPSB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Asset Short Duration Income ETF (WINC) 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
WINC vs. SPSB - Dividend Comparison
WINC's dividend yield for the trailing twelve months is around 4.80%, which matches SPSB's 4.84% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WINC Western Asset Short Duration Income ETF | 4.80% | 4.35% | 2.49% | 1.96% | 3.90% | 3.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPSB SPDR Portfolio Short Term Corporate Bond ETF | 4.84% | 4.05% | 1.92% | 1.20% | 1.94% | 2.77% | 2.36% | 1.94% | 1.65% | 1.44% | 1.26% | 1.41% |
Drawdowns
WINC vs. SPSB - Drawdown Comparison
The maximum WINC drawdown since its inception was -17.36%, which is greater than SPSB's maximum drawdown of -11.75%. Use the drawdown chart below to compare losses from any high point for WINC and SPSB. For additional features, visit the drawdowns tool.
Volatility
WINC vs. SPSB - Volatility Comparison
Western Asset Short Duration Income ETF (WINC) has a higher volatility of 0.65% compared to SPDR Portfolio Short Term Corporate Bond ETF (SPSB) at 0.34%. This indicates that WINC'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.