Correlation
The correlation between ZTWO and SPSB is 0.16, 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.
ZTWO vs. SPSB
Compare and contrast key facts about F/M 2-Year Investment Grade Corporate Bond ETF (ZTWO) and SPDR Portfolio Short Term Corporate Bond ETF (SPSB).
ZTWO and SPSB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZTWO is a passively managed fund by F/m that tracks the performance of the ICE 2-Year US Target Maturity Corporate Index - Benchmark TR Gross. It was launched on Jan 10, 2024. 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. Both ZTWO and SPSB 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: ZTWO or SPSB.
Performance
ZTWO vs. SPSB - Performance Comparison
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Key characteristics
ZTWO:
3.75
SPSB:
3.93
ZTWO:
6.14
SPSB:
6.32
ZTWO:
1.87
SPSB:
1.90
ZTWO:
9.79
SPSB:
8.54
ZTWO:
29.95
SPSB:
27.70
ZTWO:
0.22%
SPSB:
0.24%
ZTWO:
1.74%
SPSB:
1.65%
ZTWO:
-0.67%
SPSB:
-11.75%
ZTWO:
0.00%
SPSB:
0.00%
Returns By Period
The year-to-date returns for both stocks are quite close, with ZTWO having a 2.33% return and SPSB slightly lower at 2.31%.
ZTWO
2.33%
0.18%
2.55%
6.47%
N/A
N/A
N/A
SPSB
2.31%
0.13%
2.55%
6.43%
4.13%
2.24%
2.36%
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ZTWO vs. SPSB - Expense Ratio Comparison
ZTWO has a 0.15% expense ratio, which is higher than SPSB's 0.07% 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
ZTWO vs. SPSB — Risk-Adjusted Performance Rank
ZTWO
SPSB
ZTWO vs. SPSB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for F/M 2-Year Investment Grade Corporate Bond ETF (ZTWO) 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.
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Dividends
ZTWO vs. SPSB - Dividend Comparison
ZTWO's dividend yield for the trailing twelve months is around 4.75%, less than SPSB's 4.83% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZTWO F/M 2-Year Investment Grade Corporate Bond ETF | 4.75% | 4.58% | 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 | 4.83% | 4.85% | 4.05% | 1.92% | 1.19% | 1.94% | 2.77% | 2.36% | 1.94% | 1.65% | 1.43% | 1.26% |
Drawdowns
ZTWO vs. SPSB - Drawdown Comparison
The maximum ZTWO drawdown since its inception was -0.67%, smaller than the maximum SPSB drawdown of -11.75%. Use the drawdown chart below to compare losses from any high point for ZTWO and SPSB.
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Volatility
ZTWO vs. SPSB - Volatility Comparison
The current volatility for F/M 2-Year Investment Grade Corporate Bond ETF (ZTWO) is 0.44%, while SPDR Portfolio Short Term Corporate Bond ETF (SPSB) has a volatility of 0.47%. This indicates that ZTWO experiences smaller price fluctuations and is considered to be less risky than SPSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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