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ETFs

SPDR Portfolio Corporate Bond ETF

SPBO
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 06 2011
Expense Ratio
0.03%
Type
US Bonds
Fund Owner
State Street (SPDR)
Volume (1m avg. daily)
$5,008,494
AUM
$695,539,421
Associated Index
Bloomberg US Corporate Bond Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
STATE STREET INSTITUTIONAL LIQ
0.24%
n/a
Gldm Sachs Grp Notes 2018-01.05.29 Global Fixed/Floating Rate
0.17%
T30
AT&T, Inc. - 4.30% NT REDEEM 15/02/2030 USD 2000
0.16%
BNKQ4445828
BANK OF AMERICA CORP SR UNSECURED 01/28 VAR
0.16%
MS4979757
MORGAN STANLEY SR UNSECURED 04/26 VAR
0.16%
T29E
AT&T, Inc. - 4.35% NT REDEEM 01/03/2029 USD 2000
0.16%
WFC4979801
WELLS FARGO + COMPANY SR UNSECURED 04/26 VAR
0.15%
GS25NZ
Goldman Sachs Group, Inc. - 3.75% NT REDEEM 22/05/2025 USD 2000
0.14%
TMUS5475162
T MOBILE USA INC COMPANY GUAR 01/33 5.2
0.14%
ABBV5084327
ABBVIE INC SR UNSECURED 11/29 3.2
0.13%
Invest with SPBO

What is SPBO?

The SPDR Portfolio Corporate Bond ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg U.S. Corporate Bond Index (the "Index"). The Bloomberg U.S. Corporate Bond Index is designed to measure the performance of the investment grade corporate bond market. The Index includes publicly issued, investment grade, fixed-rate, taxable, U.S. dollar-denominated corporate bonds issued by U.S. and non-U.S. industrial, utility, and financial institutions. Bonds included in the Index must have $300 million or more of par amount outstanding and a remaining maturity of at least 1 year.

ETFs related toSPBO

ETFs correlated to SPBO include LQD, SUSC, VTC

SPBO
SPDR Series Trust - SPDR Portfolio Corporate Bond ETF
LQD
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD Investment Grade Corporate Bond ETF
SUSC
iShares Trust - iShares Trust iShares ESG Aware USD Corporate Bond ETF
VTC
Vanguard Group, Inc. - Vanguard Total Corporate Bond ETF
QLTA
BlackRock Institutional Trust Company N.A. - iShares Aaa - A Rated Corporate Bond ETF
VCEB
Vanguard Group, Inc. - Vanguard ESG U.S. Corporate Bond ETF
USIG
BlackRock Institutional Trust Company N.A. - iShares Broad USD Investment Grade Corporate Bond ETF
IGIB
BlackRock Institutional Trust Company N.A. - iShares Trust iShares 5-10 Year Investment Grade Corporate Bond ETF
VCIT
Vanguard Group, Inc. - Vanguard Intermediate-Term Corporate Bond ETF
IGLB
BlackRock Institutional Trust Company N.A. - iShares 10 Year Investment Grade Corporate Bond ETF
IBDX
iShares Trust - iShares iBonds Dec 2032 Term Corporate ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toSPBO

#RB

Rotating Bonds

Category

Getting Defensive, Diversification

Risk Rating

Moderate

#SD

Smarter Dividends

Category

Composer's Picks, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with SPBO using Composer

FAQ

SPBO is a US Bonds ETF. The SPDR Portfolio Corporate Bond ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg U.S. Corporate Bond Index (the "Index"). The Bloomberg U.S. Corporate Bond Index is designed to measure the performance of the investment grade corporate bond market. The Index includes publicly issued, investment grade, fixed-rate, taxable, U.S. dollar-denominated corporate bonds issued by U.S. and non-U.S. industrial, utility, and financial institutions. Bonds included in the Index must have $300 million or more of par amount outstanding and a remaining maturity of at least 1 year.

SPBO tracks the Bloomberg US Corporate Bond Index.

No, SPBO is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, SPBO is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on SPBO is -0.0109%. This is the percent change in the value of SPBO over the most recent 1-month period. The 3-month return on SPBO is -0.0251%. This is the percent change in the value of SPBO over the most recent 3-month period.

The standard deviation of SPBO for the past year is 0.0889%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to SPBO include IGSB, SPIB, and VCLT.

ETFs correlated to SPBO include LQD, SUSC, and VTC.

ETFs that are inversely correlated to SPBO include TBX, PST, and TBF.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.