SPSB vs AIRR

Comparison between STATE STREET(R) SPDR(R) PORTFOLIO SHORT TERM CORPORATE BOND ETF (SPSB, ETF) and FIRST TRUST RBA AMERICAN INDUSTRIAL RENAISSANCE ETF (AIRR, ETF).

5-Year PerformanceAIRR has outperformed SPSB, delivering a return of +24.8% compared to +2.7%

SPSB vs AIRR - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SPSB(ETF)	AIRR(ETF)
Net Assets	$10B	$11B
Expense Ratio	0.04%	0.69%
Max Drawdown	11.75%	42.37%
Sharpe Ratio	0.33	1.93
5Y Beta	0.02	1.25
P/E Ratio	N/A	38.27
Forward P/E	N/A	25.31
5Y Dividends CAGR	22.50%	45.34%
5Y EPS CAGR	N/A	22.84%
Debt to Equity	N/A	36.01%
P/S Ratio	N/A	2.29
P/B Ratio	N/A	4.36

Net Assets

SPSB

$10B

Winner

AIRR

$11B

Expense Ratio

Winner

SPSB

0.04%

AIRR

0.69%

Max Drawdown

Winner

SPSB

11.75%

AIRR

42.37%

Sharpe Ratio

SPSB

0.33

Winner

AIRR

1.93

5Y Beta

Winner

SPSB

0.02

AIRR

1.25

P/E Ratio

SPSB

N/A

AIRR

38.27

Forward P/E

SPSB

N/A

AIRR

25.31

5Y Dividends CAGR

SPSB

22.50%

Winner

AIRR

45.34%

5Y EPS CAGR

SPSB

N/A

AIRR

22.84%

Debt to Equity

SPSB

N/A

AIRR

36.01%

P/S Ratio

SPSB

N/A

AIRR

2.29

P/B Ratio

SPSB

N/A

AIRR

4.36

SPSB vs AIRR - Historical Returns

Returns include dividend reinvestment.

Period	SPSB	AIRR
1 month	-0.01%	-1.14%
3 months	+0.19%	+13.36%
6 months	+1.27%	+29.33%
1 year	+4.29%	+62.07%
5 years(CAGR)	+2.69%	+24.84%
10 years(CAGR)	+2.62%	+21.28%
Max(CAGR)	+2.28%	+16.80%

Winner

SPSB

-0.01%

AIRR

-1.14%

SPSB

+0.19%

Winner

AIRR

+13.36%

SPSB

+1.27%

Winner

AIRR

+29.33%

SPSB

+4.29%

Winner

AIRR

+62.07%

5Y(CAGR)

SPSB

+2.69%

Winner

AIRR

+24.84%

10Y(CAGR)

SPSB

+2.62%

Winner

AIRR

+21.28%

Max(CAGR)

SPSB

+2.28%

Winner

AIRR

+16.80%

SPSB vs AIRR - Annual Returns (2009 - 2026)

Returns include dividend reinvestment.

Year	SPSB	AIRR
2026	+0.74%	+26.30%
2025	+5.90%	+28.15%
2024	+5.39%	+34.63%
2023	+5.53%	+31.64%
2022	-3.19%	-2.33%
2021	-0.20%	+35.64%
2020	+3.83%	+17.89%
2019	+5.21%	+33.18%
2018	+1.45%	-20.86%
2017	+1.68%	+15.55%
2016	+2.09%	+46.48%
2015	+0.87%	-8.82%
2014	+0.87%	-6.57%
2013	+1.12%	N/A
2012	+3.04%	N/A
2011	+1.28%	N/A
2010	+2.81%	N/A
2009	-1.14%	N/A

SPSB vs AIRR Drawdown Comparison

The maximum drawdown for SPSB was -11.75%, occurring on Mar 19, 2020. Recovery took 51 trading sessions.

The maximum drawdown for AIRR was -42.37%, occurring on Mar 23, 2020. Recovery took 187 trading sessions.

The current SPSB drawdown is -0.17%. The current AIRR drawdown is -2.88%.

Rank	SPSB	AIRR
#1	-11.75% Mar 5, 2020 - May 18, 2020	-42.37% Feb 13, 2020 - Nov 9, 2020
#2	-5.96% Sep 14, 2021 - Nov 28, 2023	-28.40% Apr 2, 2014 - Aug 23, 2016
#3	-1.39% Aug 1, 2011 - Jan 10, 2012	-28.06% Sep 21, 2018 - Nov 1, 2019
#4	-1.28% Dec 17, 2009 - Jul 14, 2010	-27.95% Nov 25, 2024 - Jul 24, 2025
#5	-1.02% Nov 4, 2010 - Jan 28, 2011	-24.08% Nov 16, 2021 - Jan 13, 2023
#6	-0.93% Sep 7, 2017 - Jul 30, 2018	-15.47% Sep 1, 2023 - Dec 13, 2023
#7	-0.87% Feb 23, 2026 - Apr 17, 2026	-14.36% Mar 3, 2023 - Jun 7, 2023
#8	-0.78% May 6, 2013 - Sep 18, 2013	-13.09% Feb 20, 2026 - Apr 14, 2026
#9	-0.77% Apr 3, 2025 - Apr 25, 2025	-11.06% Jan 12, 2018 - Aug 21, 2018
#10	-0.73% Oct 22, 2015 - Mar 16, 2016	-10.05% Jul 31, 2024 - Sep 19, 2024
#11	-0.69% Sep 6, 2016 - Feb 6, 2017	-9.86% May 7, 2021 - Aug 11, 2021
#12	-0.63% May 15, 2015 - Oct 6, 2015	-9.70% Mar 12, 2021 - May 7, 2021
#13	-0.63% Oct 2, 2024 - Dec 4, 2024	-9.45% Mar 1, 2017 - Sep 19, 2017
#14	-0.62% Oct 21, 2014 - Jan 27, 2015	-9.28% Oct 29, 2025 - Dec 10, 2025
#15	-0.56% Feb 3, 2012 - Feb 28, 2012	-9.04% May 24, 2024 - Jul 16, 2024

Correlation

Correlation between SPSB and AIRR is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.

0.92

-101

Dividend Comparison (2009 - 2026)

SPSB vs AIRR dividend yield comparison.

Year	SPSB	AIRR
2026	1.78%	0.05%
2025	4.55%	0.19%
2024	4.85%	0.18%
2023	4.06%	0.23%
2022	1.92%	0.12%
2021	1.19%	0.05%
2020	1.94%	0.10%
2019	2.77%	0.20%
2018	2.36%	0.43%
2017	1.94%	0.30%
2016	1.65%	0.08%
2015	1.43%	0.47%
2014	1.26%	0.38%
2013	1.40%	0.00%
2012	1.55%	0.00%
2011	1.95%	0.00%
2010	2.05%	0.00%
2009	0.04%	0.00%