State Street SPDR Portfolio Corporate Bond ETF
$27.57−0.03 (−0.11%)
- 0.03%
- $2.1B
- −1.8%
- 5.35%
- 0.6M sh
- $27.54
- low $27.25high $29.93
The ETF.net SPBO Grade
A
Score 88 out of 100
- 2 of 49
Score 88 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A98 out of 100Rank 1 of 49Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 45Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C51 out of 100Rank 20 of 49Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A95 out of 100Rank 2 of 49Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A82 out of 100Rank 9 of 49Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A90 out of 100Rank 3 of 49
Our read on SPBO
AThe whole investment-grade corporate bond market in one ticker for three basis points. Most rivals sell you a maturity slice; SPBO owns the lot, and it undercuts other funds tracking the very same Bloomberg index.
The fund seeks investment results that generally correspond, before fees and expenses, to the price and yield performance of the Bloomberg U.S. Corporate Bond Index.
Why people hold it
- 0.03% a year against a category median of 0.19%. In bond land, where the yield does the heavy lifting, that fee gap is not a rounding error.
- Thousands of corporate bonds across the full maturity range, so you hold the broad IG corporate market instead of one duration bucket.ssga.com
- Same index, very different tolls: KORP charges 0.29%, JLQD 0.35%, JHCB 0.53%. SPBO sits at the cheap end of that list.
- Running since 2011, pays monthly, and tracks its benchmark about as closely as anything in the investment-grade corporate group.
Worth knowing
- Full maturity range means long-dated paper is in the mix, so the price moves more when rates move than short-maturity peers like IGSB or SPIB.
- Corporate credit only. No Treasuries or mortgages to lean on, so the fund rides the health of corporate borrowers as well as the rate cycle.ssga.com
- Investment grade by design, US issuers only. No high-yield or emerging-market bonds in the basket.
SPBO Holdings
- Bonds
- 4,403
- 2%
- Ssi Us Gov Money Market Class
Geography
- United States87.05%
- United Kingdom3.26%
- Canada3.20%
- Japan2.01%
- Netherlands0.72%
- Spain0.65%
- Ireland0.58%
- Singapore0.50%
- 2.05%
SPBO Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
SPBO$9,823
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | SPBO |
|---|---|
| Year to date | −2.2% |
| 1 month | −0.9% |
| 3 months | −2.6% |
| 1 year | −1.8% |
| 3 years | +5.7% |
| 5 years | −0.1% |
| 10 years | +2.2% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | SPBO |
|---|---|---|
| 2026 YTD | −2.2% | |
| 2025 | +7.8% | |
| 2024 | +2.6% | |
| 2023 | +8.8% | |
| 2022 | −15.7% | |
| 2021 | −1.3% | |
| 2020 | +10.3% |
SPBO in the news
Filings Digest
VanEck cuts its CLO ETF fee from 0.36% to 0.29%
SPBO Dividends
- 5.35%
- $1.48
- $0.12 per share
- Monthly
Distribution history
SPBO Risk
- 6.4%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.12
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −21.7%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.11
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SPBO Cost
0.03%
SPBO0.03%
- The middle half of Investment Grade Corporate funds
- Median 0.29%
No Investment Grade Corporate fund charges less.
Other funds in Investment Grade Corporate
- AUSIGiShares Broad USD Investment Grade Corporate Bond ETFExpense ratio 0.04%1 year return −1.7%
- AVTCVanguard Total Corporate Bond ETFExpense ratio 0.03%1 year return −2.1%
- AIGEBiShares Investment Grade Systematic Bond ETFExpense ratio 0.18%1 year return −1.7%
- AGIGBGoldman Sachs Access Investment Grade Corporate Bond ETFExpense ratio 0.08%1 year return −1.9%
- ALQDiShares iBoxx $ Investment Grade Corporate Bond ETFExpense ratio 0.14%1 year return −3.5%