SPIP vs SMMU
Comparison between STATE STREET(R) SPDR(R) PORTFOLIO TIPS ETF (SPIP, ETF) and PIMCO SHORT TERM MUNICIPAL BOND ACTIVE EXCHANGE-TRADED FUND (SMMU, ETF).
5-Year PerformanceSMMU has outperformed SPIP, delivering a return of +1.9% compared to +0.4%
SPIP vs SMMU - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
SPIP vs SMMU - Historical Returns
Returns include dividend reinvestment.
SPIP vs SMMU - Annual Returns (2007 - 2026)
Returns include dividend reinvestment.
| Year | SPIP | SMMU |
|---|---|---|
| 2026 | +0.77% | +1.03% |
| 2025 | +6.66% | +4.06% |
| 2024 | +1.79% | +2.65% |
| 2023 | +2.70% | +4.19% |
| 2022 | -12.15% | -2.49% |
| 2021 | +5.76% | +0.18% |
| 2020 | +10.90% | +2.85% |
| 2019 | +8.96% | +3.34% |
| 2018 | -1.33% | +1.45% |
| 2017 | +2.91% | +1.72% |
| 2016 | +4.36% | -0.96% |
| 2015 | -3.17% | +0.97% |
| 2014 | +4.19% | +0.38% |
| 2013 | -9.14% | +0.15% |
| 2012 | +7.43% | +1.19% |
| 2011 | +14.09% | +1.90% |
| 2010 | +5.99% | +0.74% |
| 2009 | +11.54% | N/A |
| 2008 | -2.88% | N/A |
| 2007 | +9.82% | N/A |
SPIP vs SMMU Drawdown Comparison
The maximum drawdown for SPIP was -15.36%, occurring on Oct 6, 2023. This drawdown has not yet recovered.
The maximum drawdown for SMMU was -5.09%, occurring on Mar 20, 2020. Recovery took 61 trading sessions.
The current SPIP drawdown is -1.78%. The current SMMU drawdown is -0.26%.
| Rank | SPIP | SMMU |
|---|---|---|
| #1 | -15.36% Nov 9, 2021 - Oct 6, 2023 | -5.09% Mar 9, 2020 - Jun 4, 2020 |
| #2 | -14.38% Mar 12, 2008 - Oct 1, 2009 | -4.76% Aug 3, 2021 - Nov 22, 2023 |
| #3 | -11.92% Dec 6, 2012 - Mar 20, 2019 | -3.53% Aug 31, 2016 - Apr 21, 2017 |
| #4 | -10.66% Mar 6, 2020 - Apr 28, 2020 | -1.95% Apr 4, 2025 - Jun 5, 2025 |
| #5 | -5.74% Oct 25, 2010 - Apr 19, 2011 | -1.87% Apr 19, 2013 - Feb 28, 2014 |
| #6 | -3.64% Aug 10, 2011 - Nov 2, 2011 | -1.43% Sep 29, 2010 - May 16, 2011 |
| #7 | -3.33% Nov 26, 2007 - Jan 9, 2008 | -1.31% Sep 5, 2017 - Jul 23, 2018 |
| #8 | -3.27% Jan 25, 2021 - May 5, 2021 | -1.04% Oct 2, 2024 - Dec 3, 2024 |
| #9 | -2.70% Nov 30, 2009 - Apr 29, 2010 | -1.04% Jun 6, 2017 - Aug 21, 2017 |
| #10 | -2.64% Feb 11, 2008 - Feb 29, 2008 | -0.98% Dec 6, 2024 - Feb 4, 2025 |
| #11 | -2.57% Aug 29, 2019 - Jan 24, 2020 | -0.84% Aug 19, 2019 - Dec 13, 2019 |
| #12 | -2.49% Aug 1, 2012 - Sep 13, 2012 | -0.78% Sep 10, 2018 - Dec 6, 2018 |
| #13 | -1.93% Jan 31, 2012 - Apr 17, 2012 | -0.77% Feb 27, 2026 - Jun 11, 2026 |
| #14 | -1.75% May 30, 2007 - Jul 10, 2007 | -0.71% Aug 3, 2011 - Aug 18, 2011 |
| #15 | -1.69% Aug 1, 2007 - Aug 30, 2007 | -0.68% Mar 13, 2024 - May 15, 2024 |
Correlation
Correlation between SPIP and SMMU is 0.93 which considered as a very strong positive correlation - the stocks move almost identically together.
Dividend Comparison (2007 - 2026)
SPIP vs SMMU dividend yield comparison.
| Year | SPIP | SMMU |
|---|---|---|
| 2026 | 3.33% | 1.43% |
| 2025 | 4.09% | 2.80% |
| 2024 | 3.36% | 3.03% |
| 2023 | 3.70% | 2.79% |
| 2022 | 7.05% | 1.37% |
| 2021 | 4.53% | 0.60% |
| 2020 | 1.97% | 1.19% |
| 2019 | 2.91% | 1.82% |
| 2018 | 2.81% | 1.57% |
| 2017 | 3.02% | 1.41% |
| 2016 | 1.88% | 1.03% |
| 2015 | 0.14% | 0.89% |
| 2014 | 1.66% | 0.67% |
| 2013 | 1.11% | 0.50% |
| 2012 | 2.35% | 1.05% |
| 2011 | 3.95% | 1.04% |
| 2010 | 2.32% | 1.05% |
| 2009 | 1.87% | 0.00% |
| 2008 | 5.92% | 0.00% |
| 2007 | 3.43% | 0.00% |
Select Stocks to Compare
More Comparisons
Compare with similar stocks