SPBO vs TMSL

Comparison between STATE STREET(R) SPDR PORTFOLIO CORPORATE BOND ETF (SPBO, ETF) and T. ROWE PRICE SMALL-MID CAP ETF (TMSL, ETF).

SPBO vs TMSL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SPBO(ETF)	TMSL(ETF)
Net Assets	$2B	$2B
Expense Ratio	0.03%	0.55%
Max Drawdown	26.39%	24.72%
Sharpe Ratio	0.37	1.26
5Y Beta	0.11	1.05
P/E Ratio	N/A	34.01
Forward P/E	N/A	16.35
5Y Dividends CAGR	10.13%	N/A
Debt to Equity	N/A	68.95%
P/S Ratio	N/A	1.48
P/B Ratio	N/A	3.13

Net Assets

SPBO

$2B

TMSL

$2B

Expense Ratio

Winner

SPBO

0.03%

TMSL

0.55%

Max Drawdown

SPBO

26.39%

Winner

TMSL

24.72%

Sharpe Ratio

SPBO

0.37

Winner

TMSL

1.26

5Y Beta

Winner

SPBO

0.11

TMSL

1.05

P/E Ratio

SPBO

N/A

TMSL

34.01

Forward P/E

SPBO

N/A

TMSL

16.35

5Y Dividends CAGR

SPBO

10.13%

TMSL

N/A

Debt to Equity

SPBO

N/A

TMSL

68.95%

P/S Ratio

SPBO

N/A

TMSL

1.48

P/B Ratio

SPBO

N/A

TMSL

3.13

SPBO vs TMSL - Historical Returns

Returns include dividend reinvestment.

Period	SPBO	TMSL
1 month	+0.01%	-0.74%
3 months	-0.59%	+7.23%
6 months	+0.36%	+12.06%
1 year	+5.51%	+27.82%
5 years(CAGR)	+0.58%	N/A
10 years(CAGR)	+2.75%	N/A
Max(CAGR)	+3.41%	+17.79%

Winner

SPBO

+0.01%

TMSL

-0.74%

SPBO

-0.59%

Winner

TMSL

+7.23%

SPBO

+0.36%

Winner

TMSL

+12.06%

SPBO

+5.51%

Winner

TMSL

+27.82%

5Y(CAGR)

SPBO

+0.58%

TMSL

N/A

10Y(CAGR)

SPBO

+2.75%

TMSL

N/A

Max(CAGR)

SPBO

+3.41%

Winner

TMSL

+17.79%

SPBO vs TMSL - Annual Returns (2011 - 2026)

Returns include dividend reinvestment.

Year	SPBO	TMSL
2026	+0.35%	+11.17%
2025	+7.86%	+12.04%
2024	+3.11%	+16.39%
2023	+8.19%	+11.22%
2022	-14.96%	N/A
2021	-1.18%	N/A
2020	+9.91%	N/A
2019	+14.16%	N/A
2018	-1.58%	N/A
2017	+4.77%	N/A
2016	+4.43%	N/A
2015	-1.60%	N/A
2014	+8.40%	N/A
2013	-2.29%	N/A
2012	+7.92%	N/A
2011	+5.89%	N/A

SPBO vs TMSL Drawdown Comparison

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

The maximum drawdown for TMSL was -24.39%, occurring on Apr 8, 2025. Recovery took 193 trading sessions.

The current SPBO drawdown is -1.28%. The current TMSL drawdown is -3.62%.

Rank	SPBO	TMSL
#1	-22.23% Sep 22, 2021 - Oct 24, 2025	-24.39% Nov 25, 2024 - Sep 5, 2025
#2	-20.04% Mar 6, 2020 - Jun 15, 2020	-13.22% Jul 31, 2023 - Dec 13, 2023
#3	-9.01% May 1, 2013 - May 2, 2014	-11.19% Feb 26, 2026 - Apr 17, 2026
#4	-5.59% Dec 31, 2020 - Jul 19, 2021	-8.33% Jul 16, 2024 - Sep 19, 2024
#5	-5.09% Apr 24, 2015 - May 4, 2016	-7.68% Mar 28, 2024 - Jul 15, 2024
#6	-4.45% Aug 23, 2016 - May 19, 2017	-6.69% Oct 27, 2025 - Nov 28, 2025
#7	-4.17% Sep 8, 2017 - Jan 31, 2019	-4.05% May 6, 2026 - May 26, 2026
#8	-3.44% Nov 1, 2011 - Jan 31, 2012	-4.03% Sep 18, 2025 - Oct 23, 2025
#9	-3.13% Oct 21, 2014 - Jan 6, 2015	-3.76% Nov 11, 2024 - Nov 22, 2024
#10	-2.86% Feb 26, 2026 - Mar 27, 2026	-3.62% May 26, 2026 - Jun 5, 2026
#11	-2.76% Jan 30, 2015 - Apr 24, 2015	-3.27% Dec 27, 2023 - Jan 22, 2024
#12	-2.75% Aug 6, 2020 - Nov 23, 2020	-3.18% Dec 11, 2025 - Jan 6, 2026
#13	-2.62% Aug 28, 2014 - Oct 15, 2014	-2.93% Oct 17, 2024 - Nov 6, 2024
#14	-2.50% Aug 28, 2019 - Nov 26, 2019	-2.59% Apr 20, 2026 - May 5, 2026
#15	-2.18% Feb 1, 2012 - Apr 20, 2012	-2.56% Jun 15, 2023 - Jun 29, 2023

Correlation

Correlation between SPBO and TMSL is 0.93 which considered as a very strong positive correlation - the stocks move almost identically together.

0.93

-101

Dividend Comparison (2011 - 2026)

SPBO vs TMSL dividend yield comparison.

Year	SPBO	TMSL
2026	2.13%	0.00%
2025	5.09%	0.57%
2024	5.28%	0.44%
2023	4.73%	0.34%
2022	3.54%	0.00%
2021	2.42%	0.00%
2020	2.75%	0.00%
2019	3.46%	0.00%
2018	3.60%	0.00%
2017	3.15%	0.00%
2016	3.35%	0.00%
2015	3.07%	0.00%
2014	3.21%	0.00%
2013	3.76%	0.00%
2012	3.70%	0.00%
2011	2.53%	0.00%