SPBO vs PDP
Comparison between STATE STREET(R) SPDR PORTFOLIO CORPORATE BOND ETF (SPBO, ETF) and INVESCO DORSEY WRIGHT MOMENTUM ETF (PDP, ETF).
5-Year PerformancePDP has outperformed SPBO, delivering a return of +8.6% compared to -0.1%
SPBO vs PDP - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
SPBO vs PDP - Historical Returns
Returns include dividend reinvestment.
SPBO vs PDP - Annual Returns (2007 - 2026)
Returns include dividend reinvestment.
| Year | SPBO | PDP |
|---|---|---|
| 2026 | -0.52% | +15.77% |
| 2025 | +7.86% | +8.02% |
| 2024 | +3.11% | +28.47% |
| 2023 | +8.19% | +21.82% |
| 2022 | -14.96% | -23.37% |
| 2021 | -1.18% | +9.40% |
| 2020 | +9.91% | +35.79% |
| 2019 | +14.16% | +34.74% |
| 2018 | -1.58% | -6.40% |
| 2017 | +4.77% | +22.97% |
| 2016 | +4.43% | +4.62% |
| 2015 | -1.60% | +1.55% |
| 2014 | +8.40% | +13.29% |
| 2013 | -2.29% | +28.69% |
| 2012 | +7.92% | +17.82% |
| 2011 | +5.89% | +0.33% |
| 2010 | N/A | +24.50% |
| 2009 | N/A | +24.87% |
| 2008 | N/A | -45.65% |
| 2007 | N/A | +13.82% |
SPBO vs PDP Drawdown Comparison
The maximum drawdown for SPBO was -22.23%, occurring on Oct 20, 2022. Recovery took 1027 trading sessions.
The maximum drawdown for PDP was -59.34%, occurring on Mar 9, 2009. Recovery took 1087 trading sessions.
The current SPBO drawdown is -2.13%. The current PDP drawdown is -10.33%.
| Rank | SPBO | PDP |
|---|---|---|
| #1 | -22.23% Sep 22, 2021 - Oct 24, 2025 | -59.34% Dec 10, 2007 - Apr 3, 2012 |
| #2 | -20.04% Mar 6, 2020 - Jun 15, 2020 | -34.70% Feb 19, 2020 - Jul 17, 2020 |
| #3 | -9.01% May 1, 2013 - May 2, 2014 | -33.92% Nov 8, 2021 - Jul 12, 2024 |
| #4 | -5.59% Dec 31, 2020 - Jul 19, 2021 | -24.54% Sep 14, 2018 - Jun 10, 2019 |
| #5 | -5.09% Apr 24, 2015 - May 4, 2016 | -23.79% Dec 4, 2024 - Sep 19, 2025 |
| #6 | -4.45% Aug 23, 2016 - May 19, 2017 | -19.14% Mar 20, 2015 - Feb 9, 2017 |
| #7 | -4.17% Sep 8, 2017 - Jan 31, 2019 | -13.91% Jul 13, 2007 - Oct 9, 2007 |
| #8 | -3.44% Nov 1, 2011 - Jan 31, 2012 | -13.47% Feb 12, 2021 - Aug 5, 2021 |
| #9 | -3.13% Oct 21, 2014 - Jan 6, 2015 | -12.12% Jun 22, 2026 - Jul 20, 2026 |
| #10 | -2.86% Feb 26, 2026 - Mar 27, 2026 | -11.87% Oct 29, 2025 - Jan 13, 2026 |
| #11 | -2.76% Jan 30, 2015 - Apr 24, 2015 | -11.63% Feb 25, 2026 - Apr 10, 2026 |
| #12 | -2.75% Aug 6, 2020 - Nov 23, 2020 | -9.80% May 2, 2012 - Sep 14, 2012 |
| #13 | -2.62% Aug 28, 2014 - Oct 15, 2014 | -9.76% Sep 5, 2014 - Nov 3, 2014 |
| #14 | -2.50% Aug 28, 2019 - Nov 26, 2019 | -9.59% Jul 16, 2024 - Sep 19, 2024 |
| #15 | -2.18% Feb 1, 2012 - Apr 20, 2012 | -9.53% Jan 26, 2018 - May 30, 2018 |
Correlation
Correlation between SPBO and PDP is 0.91 which considered as a very strong positive correlation - the stocks move almost identically together.
Dividend Comparison (2007 - 2026)
SPBO vs PDP dividend yield comparison.
| Year | SPBO | PDP |
|---|---|---|
| 2026 | 2.59% | 0.00% |
| 2025 | 5.09% | 0.17% |
| 2024 | 5.28% | 0.15% |
| 2023 | 4.73% | 0.42% |
| 2022 | 3.54% | 0.45% |
| 2021 | 2.42% | 0.00% |
| 2020 | 2.75% | 0.11% |
| 2019 | 3.46% | 0.25% |
| 2018 | 3.60% | 0.18% |
| 2017 | 3.15% | 0.28% |
| 2016 | 3.35% | 0.81% |
| 2015 | 3.07% | 0.39% |
| 2014 | 3.21% | 0.15% |
| 2013 | 3.76% | 0.28% |
| 2012 | 3.70% | 0.85% |
| 2011 | 2.53% | 0.16% |
| 2010 | 0.00% | 0.24% |
| 2009 | 0.00% | 0.54% |
| 2008 | 0.00% | 0.27% |
| 2007 | 0.00% | 0.09% |
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