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ETFs

ProShares S&P 500 Bond ETF

SPXB
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 01 2018
Expense Ratio
0.15%
Type
US Bonds
Fund Owner
ProShares
Volume (1m avg. daily)
$29,531
AUM
$10,866,390
Associated Index
S&P 500/MarketAxess Investment Grade Corporate Bond Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
PFIZER INVESTMENT ENTER
2.09%
n/a
Net Other Assets (Liabilities)
2.05%
n/a
AT&T INC
1.99%
BACC
Verizon Comm 4.329 % Notes 2018-21.09.28 Global
1.62%
n/a
WARNERMEDIA HOLDINGS INC
1.58%
HCA3
HCA Inc. - 5.25% BD REDEEM 15/04/2025 USD 2000
1.53%
S/28
Sprint Cap 6.875 % Notes 1998-15.11.28 Gtd Global
1.50%
n/a
AT&T INC
1.38%
ABT36
Abbott Laboratories - 4.75% NT REDEEM 30/11/2036 USD 2000
1.37%
n/a
BOEING CO
1.31%
Invest with SPXB

What is SPXB?

ProShares S&P 500 Bond ETF seeks investment results, before fees and expenses, that track the performance of the S&P 500/MarketAxess Investment Grade Corporate Bond Index. The Index consists exclusively of investment grade bonds issued by companies in the S&P 500, the most widely-used U.S. equity benchmark. From over 5000 bonds issued by S&P 500 companies, the Index selects and weights up to 1000 of the most liquid investment grade bonds based on the following criteria: Qualifying bonds must (i) be issued by S&P 500 companies (or their subsidiaries), (ii) be rated investment grade, (iii) be issued.

ETFs related toSPXB

ETFs correlated to SPXB include LQD, VCEB, VTC

SPXB
ProShares Trust - ProShares S&P 500 Bond ETF
LQD
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD Investment Grade Corporate Bond ETF
VCEB
Vanguard Group, Inc. - Vanguard ESG U.S. Corporate Bond ETF
VTC
Vanguard Group, Inc. - Vanguard Total Corporate Bond ETF
SUSC
iShares Trust - iShares Trust iShares ESG Aware USD Corporate Bond ETF
SPLB
SSgA Active Trust - SPDR Portfolio Long Term Corporate Bond ETF
IGLB
BlackRock Institutional Trust Company N.A. - iShares 10 Year Investment Grade Corporate Bond ETF
QLTA
BlackRock Institutional Trust Company N.A. - iShares Aaa - A Rated Corporate Bond ETF
VCLT
Vanguard Group, Inc. - Vanguard Long-Term Corporate Bond ETF
DYLD
Two Roads Shared Trust - LeaderShares Dynamic Yield ETF
SPBO
SPDR Series Trust - SPDR Portfolio Corporate Bond 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 toSPXB

#SD

Smarter Dividends

Category

Composer's Picks, Investing for the Long-Term

Risk Rating

Moderate

#RB

Rotating Bonds

Category

Getting Defensive, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with SPXB using Composer

FAQ

SPXB is a US Bonds ETF. ProShares S&P 500 Bond ETF seeks investment results, before fees and expenses, that track the performance of the S&P 500/MarketAxess Investment Grade Corporate Bond Index. The Index consists exclusively of investment grade bonds issued by companies in the S&P 500, the most widely-used U.S. equity benchmark. From over 5000 bonds issued by S&P 500 companies, the Index selects and weights up to 1000 of the most liquid investment grade bonds based on the following criteria: Qualifying bonds must (i) be issued by S&P 500 companies (or their subsidiaries), (ii) be rated investment grade, (iii) be issued.

SPXB tracks the S&P 500/MarketAxess Investment Grade Corporate Bond Index.

No, SPXB 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, SPXB 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 SPXB is -0.0113%. This is the percent change in the value of SPXB over the most recent 1-month period. The 3-month return on SPXB is -0.0298%. This is the percent change in the value of SPXB over the most recent 3-month period.

The standard deviation of SPXB for the past year is 0.0913%. 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 SPXB include IGSB, VCIT, and VCSH.

ETFs correlated to SPXB include LQD, VCEB, and VTC.

ETFs that are inversely correlated to SPXB include TTT, TBF, and TBT.

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.