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SPYD vs. BND

SPDR Portfolio S&P 500 High Dividend ETF

SPYD
$--
vs

Vanguard Total Bond Market ETF

BND
$--

Correlation

0.20
SPYDSPDR Portfolio S&P 500 High Dividend ETF
BNDVanguard Total Bond Market ETF

What is SPYD?

The SPDR Portfolio S&P 500 High Dividend ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P 500 High Dividend Index (the "Index"). The S&P 500 High Dividend Index is designed to measure the performance of the top 80 dividend-paying securities listed on the S&P 500 Index, based on dividend yield. The S&P 500 Index focuses on the large capitalization U.S. equity market, including common stock and real estate investment trusts ("REITs"). To determine dividend yield: (i) an indicated dividend is measured by taking the latest dividend paid (excluding special payments) multiplied by the annual frequency of the payment; and (ii) the indicated dividend is then divided by the companys share price at the date of rebalancing.

Snapshot
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SPYD SPDR Portfolio S&P 500 High Dividend ETF
BND Vanguard Total Bond Market ETF
Inception date
Oct 21 2015
Apr 03 2007
Expense ratio
0.07%
0.03%
SPYD has a higher expense ratio than BND by 0.04%. This can indicate that it’s more expensive to invest in SPYD than BND.
Type
US Equities
US Bonds
SPYD targets investing in US Equities, while BND targets investing in US Bonds.
Fund owner
State Street (SPDR)
Vanguard
SPYD is managed by State Street (SPDR), while BND is managed by Vanguard.
Volume (1m avg. daily)
$31,341,265
$433,296,798
Both SPYD and BND are considered high-volume assets. They’re less likely to be affected by issues like slippage and failed orders on Composer than low-volume assets.
AUM
$6,188,814,848
$94,675,540,467
SPYD has more assets under management than BND by $88,486,725,619. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
S&P 500 High Dividend Index
Bloomberg U.S. Aggregate Float Adjusted Index
SPYD is based off of the S&P 500 High Dividend Index, while BND is based off of the Bloomberg U.S. Aggregate Float Adjusted Index
Inverse/Leveraged
No
No
SPYD and BND use the same leverage ratio. Inverse and leveraged ETFs can be used to either take an opposite position or amplify returns of a given index.
Passive/Active
Passive
Passive
SPYD and BND both use a Passive investing strategy. 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.
Dividend
Yes
No
SPYD may offer dividends, while BND does not. The frequency and yield of the dividend for SPYD may vary.
Prospectus
Neither SPYD nor BND require a K1.
When ETFs are uncorrelated, it’s common for them to be used as complements in a trading strategy. This means it makes sense to be holding both of them at the same time, or to use one as a hedge for the other.

Automated Strategies
Related toSPYD

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

Automated Strategies
Related toBND

#PTAC

Pick the Trending Asset Class

Category

Momentum, Tactical Asset Allocation, Be Risk Aware, Ride the Momentum

Risk Rating

Moderate

Create your own algorithmic
trading strategy

Disclaimers

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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.