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ETFs

SPDR Portfolio Short Term Corporate Bond ETF

SPSB
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 16 2009
Expense Ratio
0.04%
Type
US Bonds
Fund Owner
State Street (SPDR)
Volume (1m avg. daily)
$114,677,558
AUM
$7,811,828,176
Associated Index
Bloomberg U.S. 1-3 Year Corporate Bond Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

ABBV5083839
ABBVIE INC 3.8 03/15/2025
0.51%
CS/24
Credit Suisse AG (New York) Branch - 3.625% NT REDEEM 09/09/2024 USD 250000
0.41%
JPM5514066
JPMORGAN CHASE & CO 5.546 12/15/2025
0.41%
CHTR4427724
CHARTER COMM OPT LLC/CAP
0.40%
V25
Visa Inc - 3.15% NT REDEEM 14/12/2025 USD 2000
0.40%
NWG25
NatWest Group Plc - FXDFR NT REDEEM 22/03/2025 USD 200000
0.39%
CE/25A
Celanese US Holdings LLC - 6.05% NT REDEEM 15/03/2025 USD 2000
0.38%
C25F
Citigroup Inc - 4.40% NT REDEEM 10/06/2025 USD 1000
0.37%
BCS25A
Barclays plc - FXDFR NT REDEEM 07/05/2025 USD 200000
0.35%
BA25C
Boeing Co. - 4.875% NT REDEEM 01/05/2025 USD 2000
0.35%
Invest with SPSB

What is SPSB?

The SPDR Portfolio Short Term 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. 1-3 Year Corporate Bond Index (the Index ). The Bloomberg U.S. 1-3 Year Corporate Bond Index (the Index ) is designed to measure the performance of the short term U.S. corporate bond market. The Index includes publicly issued U.S. dollar denominated corporate issues that have a remaining maturity of greater than or equal to 1 year and less than 3 years, are rated investment grade (must be Baa3/BBB- or higher using the middle rating of Moody s Investors Service, Inc., Fitch Inc., or Standard & Poor s Financial Services, LLC), and have $300 million or more of outstanding face value. In addition, the securities must be denominated in U.S. dollars, fixed rate and nonconvertible. The Index includes only corporate sectors. The corporate sectors are Industrial, Utility, and Financial Institutions, which include both U.S. and non-U.S. corporations. The following instruments are excluded from the Index: structured notes with embedded swaps or other special features; private placements; floating rate securities; and Eurobonds. The Index is market capitalization weighted.

ETFs related toSPSB

ETFs correlated to SPSB include VCSH, IGSB, SUSB

SPSB
SSgA Active Trust - SPDR Portfolio Short Term Corporate Bond ETF
VCSH
Vanguard Group, Inc. - Vanguard Short-Term Corporate Bond ETF
IGSB
BlackRock Institutional Trust Company N.A. - iShares Trust iShares 1-5 Year Investment Grade Corporate Bond ETF
SUSB
iShares Trust - iShares Trust iShares ESG Aware 1-5 Year USD Corporate Bond ETF
SCHJ
Schwab Strategic Trust - Schwab 1-5 Year Corporate Bond ETF
BSCP
Invesco Capital Management LLC - Invesco BulletShares 2025 Corporate Bond ETF
SLQD
BlackRock Institutional Trust Company N.A. - iShares 0-5 Year Investment Grade Corporate Bond ETF
IIGD
Invesco Exchange-Traded Self-Indexed Fund Trust - Invesco Investment Grade Defensive ETF
SHAG
WisdomTree Trust - WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond Fund
BSCQ
Invesco Capital Management LLC - Invesco BulletShares 2026 Corporate Bond ETF
ISTB
BlackRock Institutional Trust Company N.A. - iShares Core 1-5 Year USD 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 toSPSB

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

#ROROMO

Risk On or Risk Off Momentum

Category

Momentum, Tactical Asset Allocation, Be Risk Aware

Risk Rating

Moderate

Create your own algorithmic trading strategy with SPSB using Composer

FAQ

SPSB is a US Bonds ETF. The SPDR Portfolio Short Term 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. 1-3 Year Corporate Bond Index (the Index ). The Bloomberg U.S. 1-3 Year Corporate Bond Index (the Index ) is designed to measure the performance of the short term U.S. corporate bond market. The Index includes publicly issued U.S. dollar denominated corporate issues that have a remaining maturity of greater than or equal to 1 year and less than 3 years, are rated investment grade (must be Baa3/BBB- or higher using the middle rating of Moody s Investors Service, Inc., Fitch Inc., or Standard & Poor s Financial Services, LLC), and have $300 million or more of outstanding face value. In addition, the securities must be denominated in U.S. dollars, fixed rate and nonconvertible. The Index includes only corporate sectors. The corporate sectors are Industrial, Utility, and Financial Institutions, which include both U.S. and non-U.S. corporations. The following instruments are excluded from the Index: structured notes with embedded swaps or other special features; private placements; floating rate securities; and Eurobonds. The Index is market capitalization weighted.

SPSB tracks the Bloomberg U.S. 1-3 Year Corporate Bond Index.

No, SPSB 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, SPSB 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 SPSB is 0.0106%. This is the percent change in the value of SPSB over the most recent 1-month period. The 3-month return on SPSB is 0.0132%. This is the percent change in the value of SPSB over the most recent 3-month period.

The standard deviation of SPSB for the past year is 0.0292%. 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 SPSB include HYG, JNK, and SPIB.

ETFs correlated to SPSB include VCSH, IGSB, and SUSB.

ETFs that are inversely correlated to SPSB include TYO, TBX, and PST.

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.