SPBO vs SPY

Comparison between SPDR PORTFOLIO CORPORATE BOND ETF (SPBO, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed SPBO, delivering a return of +13.3% compared to +0.7%

SPBO vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SPBO(ETF)	SPY(ETF)
Net Assets	$1.90B	$652B
Expense Ratio	0.03%	0.09%
Max Drawdown	26.39%	56.47%
Sharpe Ratio	0.67	2.07
5Y Beta	0.11	1.00
P/E Ratio	N/A	28.24
Forward P/E	N/A	21.85
5Y Dividends CAGR	11.35%	5.43%
5Y EPS CAGR	N/A	25.79%
Debt to Equity	N/A	22.35%
P/S Ratio	N/A	3.55
P/B Ratio	N/A	5.29

Net Assets

SPBO

$1.90B

Winner

SPY

$652B

Expense Ratio

Winner

SPBO

0.03%

SPY

0.09%

Max Drawdown

Winner

SPBO

26.39%

SPY

56.47%

Sharpe Ratio

SPBO

0.67

Winner

SPY

2.07

5Y Beta

Winner

SPBO

0.11

SPY

1.00

P/E Ratio

SPBO

N/A

SPY

28.24

Forward P/E

SPBO

N/A

SPY

21.85

5Y Dividends CAGR

Winner

SPBO

11.35%

SPY

5.43%

5Y EPS CAGR

SPBO

N/A

SPY

25.79%

Debt to Equity

SPBO

N/A

SPY

22.35%

P/S Ratio

SPBO

N/A

SPY

3.55

P/B Ratio

SPBO

N/A

SPY

5.29

SPBO vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	SPBO	SPY
1 month	+0.25%	+9.11%
3 months	+0.06%	+6.59%
6 months	+1.26%	+10.56%
1 year	+7.15%	+32.04%
5 years(CAGR)	+0.74%	+13.35%
10 years(CAGR)	+2.81%	+15.49%
Max(CAGR)	+3.46%	+8.50%

SPBO

+0.25%

Winner

SPY

+9.11%

SPBO

+0.06%

Winner

SPY

+6.59%

SPBO

+1.26%

Winner

SPY

+10.56%

SPBO

+7.15%

Winner

SPY

+32.04%

5Y(CAGR)

SPBO

+0.74%

Winner

SPY

+13.35%

10Y(CAGR)

SPBO

+2.81%

Winner

SPY

+15.49%

Max(CAGR)

SPBO

+3.46%

Winner

SPY

+8.50%

SPBO vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	SPBO	SPY
2026	+0.79%	+8.27%
2025	+7.86%	+18.00%
2024	+3.11%	+25.59%
2023	+8.19%	+26.72%
2022	-14.96%	-18.64%
2021	-1.18%	+30.52%
2020	+9.91%	+17.28%
2019	+14.16%	+31.09%
2018	-1.58%	-5.24%
2017	+4.77%	+20.78%
2016	+4.43%	+13.59%
2015	-1.60%	+1.31%
2014	+8.40%	+14.56%
2013	-2.29%	+29.00%
2012	+7.92%	+14.17%
2011	+5.89%	+0.85%
2010	N/A	+13.14%
2009	N/A	+22.67%
2008	N/A	-36.25%
2007	N/A	+5.32%
2006	N/A	+13.85%
2005	N/A	+5.32%
2004	N/A	+10.75%
2003	N/A	+24.18%
2002	N/A	-22.42%
2001	N/A	-10.13%
2000	N/A	-8.84%
1999	N/A	+8.61%

SPBO vs SPY Drawdown Comparison

The maximum drawdown for SPBO was -22.23%, occurring on Oct 20, 2022. Recovery took 1027 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current SPBO drawdown is -0.85%.

Rank	SPBO	SPY
#1	-22.23% Sep 22, 2021 - Oct 24, 2025	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-20.04% Mar 6, 2020 - Jun 15, 2020	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-9.01% May 1, 2013 - May 2, 2014	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-5.59% Dec 31, 2020 - Jul 19, 2021	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-5.09% Apr 24, 2015 - May 4, 2016	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-4.45% Aug 23, 2016 - May 19, 2017	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-4.17% Sep 8, 2017 - Jan 31, 2019	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-3.44% Nov 1, 2011 - Jan 31, 2012	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-3.13% Oct 21, 2014 - Jan 6, 2015	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-2.86% Feb 26, 2026 - Mar 27, 2026	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-2.76% Jan 30, 2015 - Apr 24, 2015	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-2.75% Aug 6, 2020 - Nov 23, 2020	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-2.62% Aug 28, 2014 - Oct 15, 2014	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-2.50% Aug 28, 2019 - Nov 26, 2019	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-2.18% Feb 1, 2012 - Apr 20, 2012	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between SPBO and SPY is 0.86 which considered as a strong positive correlation - the stocks tend to move together.

0.86

-101

Dividend Comparison (1999 - 2026)

SPBO vs SPY dividend yield comparison.

Year	SPBO	SPY
2026	1.69%	0.24%
2025	5.09%	1.07%
2024	5.28%	1.21%
2023	4.73%	1.40%
2022	3.54%	1.65%
2021	2.42%	1.20%
2020	2.75%	1.52%
2019	3.46%	1.75%
2018	3.60%	2.04%
2017	3.15%	1.80%
2016	3.35%	2.03%
2015	3.07%	2.06%
2014	3.21%	1.87%
2013	3.76%	1.81%
2012	3.70%	2.18%
2011	2.53%	2.05%
2010	0.00%	1.80%
2009	0.00%	1.95%
2008	0.00%	3.02%
2007	0.00%	1.85%
2006	0.00%	1.73%
2005	0.00%	1.73%
2004	0.00%	1.82%
2003	0.00%	1.47%
2002	0.00%	1.70%
2001	0.00%	1.25%
2000	0.00%	1.15%
1999	0.00%	0.24%