FCBD vs SPAB: Grades, Fees and Holdings Compared

Frontier Asset Core Bond ETF

FCBDCNYSE Arca

State Street SPDR Portfolio Aggregate Bond ETF

SPABANYSE Arca

Overlap

0.0%by weight

Expense ratio

SPAB −0.81pt a year

FCBD0.84%SPAB0.03%

Avg volume · 30D

SPAB 1018.3×the volume

FCBD3.06KSPAB3.11M

FCBD vs SPAB Performance

Oct 31, 2025 – Oct 30, 2026

+0.8%FCBD−0.2%SPAB

Expense ratio: FCBD 0.84%; SPAB 0.03%, better
Fund size: FCBD $40M; SPAB $10.4B
1Y total return: FCBD +0.8%, better; SPAB −0.2%
Yield (12M): FCBD 4.09%; SPAB 4.20%, better
Holdings: FCBD 8; SPAB 8697
Avg volume (30D): FCBD 3.06K sh; SPAB 3.11M sh, better
NAV per share: FCBD $24.93; SPAB $24.78
52W range

ETF.net Grade

Pillar letters and Scores for FCBD, SPAB, with each pillar’s weight
Pillar	FCBD	SPAB
Cost30% weight	F4	A97Higher
Mission25% weight	A84	A100Higher
Risk15% weight	B64Higher	C47
Tradability15% weight	C41	A90Higher
Holdings10% weight	D33	A76Higher
Durability5% weight	F15	A91Higher

Rank among US Aggregate Bond funds

How we build Categories ›

Same Category. FCBD and SPAB are both graded against the same 114 US Aggregate Bond funds, so their Grades compare head to head.

US Aggregate Bond⁠

Category · 114 funds

See all 114 ›

SPAB ranks 2nd and FCBD 93rd of 114 funds in the US Aggregate Bond Category.

Rank 1AAGGiShares Core U.S. Aggregate Bond ETFScore 87
Rank 2AIUSBiShares Core Universal USD Bond ETFScore 86
Rank 2ASCHZSchwab U.S. Aggregate Bond ETFScore 86
Rank 2ASPABState Street SPDR Portfolio Aggregate Bond ETFScore 86
Rank 5ABNDVanguard Total Bond Market ETFScore 85
Rank 93CDMXDoubleLine Multi-Sector Income ETFScore 42
Rank 93CFCBDFrontier Asset Core Bond ETFScore 42
Rank 93CLDSFFirst Trust Low Duration Strategic Focus ETFScore 42

Our read on each fund

ETF.net Research

FCBDCFrontier Asset Core Bond ETF

SPABAState Street SPDR Portfolio Aggregate Bond ETF

In short

FCBD No data

SPAB A 2007-vintage core bond fund priced at 0.03%: roughly 8,500 US investment-grade bonds in one ticket, at the same rock-bottom fee the household names charge for the same index.

Stated mandate

FCBD No data

SPAB The fund seeks to track the price and yield performance of the Bloomberg U.S. Aggregate Bond Index before fees and expenses, providing broad exposure to U.S.-dollar-denominated investment-grade bonds.

Why people hold it

FCBD No data

SPAB 0.03% a year against a 0.36% median for its peer group, and the same ticket price as AGG, SCHZ and BBAG on the identical index.
Roughly 8,500 dollar-denominated investment-grade bonds in one line item, tracking the Bloomberg U.S. Aggregate Bond Index. Diversification you could not assemble bond by bond.ssga.com
Trades actively and has tracked its index closely, putting it among the stronger implementations in the core-bond group.
Running since 2007, now a multi-billion-dollar fund, and it pays monthly rather than quarterly.

Worth knowing

FCBD No data

SPAB Bond prices move opposite yields. When rates rise the index falls and the fund follows it down; a 0.03% fee cannot cushion that.
AGG, SCHZ and BBAG hold the same declared index at the same 0.03%. Picking among them comes down to spreads and platform, not the portfolio.
Investment grade and US dollar only by mandate: high yield and foreign-currency debt sit outside the remit.ssga.com

Full FCBD profile⁠

Full SPAB profile⁠

FCBD vs SPAB Holdings

How FCBD and SPAB differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of FCBD and 0.0% of SPAB.

Level by level

Asset classEquity, Fixed Income0.0%
Holdings0 in both0.0%
Countryby domicile94.2%

Sector

No Sector split for SPAB.

Country, concentration and asset class

Country by domicile

Country weights in FCBD and SPAB, widest gap first
Country	More in FCBDMore in SPAB	FCBD	SPAB
United States	FCBD +5.8 points	100.0%	94.2%
Canada	SPAB +1.2 points	0.0%	1.2%
United Kingdom	SPAB +0.9 points	0.0%	0.9%
Japan	SPAB +0.5 points	0.0%	0.5%
Other countries (25)	SPAB +3.2 points	0.0%	3.2%

Concentration

Weight in the 10 largest Holdings

FCBD100.0%
SPAB6.7%

Securities held

FCBD7
SPAB8,631

Asset class

FCBD: Equity
SPAB: Fixed Income

Holdings

Only in FCBD7
In both0
Only in SPAB8,631

Only in FCBD

7 securities, 98.7% of FCBD by weight

Vanguard Intermediate-Term T24.66%
Tcw Flexible Income Etf23.91%
JPMorgan Core Plus Bond Etf18.20%
Regan Floating Rate Mbs Etf10.08%
Wisdomtree Floating Rate Tre10.06%
JPMorgan Ultra-Short Income6.54%
Ishares Investment Grade Sys5.25%

Only in SPAB

8,631 securities, 96.7% of SPAB by weight

Us Treasury N/B 12/28 3.50.67%
Us Treasury N/B 12/30 3.6250.44%
Us Treasury N/B 03/28 3.8750.42%
Us Treasury N/B 04/28 3.750.42%
Us Treasury N/B 11/27 3.3750.41%
Us Treasury N/B 02/30 40.41%
Us Treasury N/B 11/28 4.3750.40%
Us Treasury N/B 01/28 3.50.39%
Us Treasury N/B 03/31 3.8750.38%
Us Treasury N/B 09/28 4.750.37%
Us Treasury N/B 02/36 4.1250.36%
Us Treasury N/B 12/27 3.3750.36%
Us Treasury N/B 05/35 4.250.35%
Us Treasury N/B 05/36 4.3750.35%
Us Treasury N/B 11/34 4.250.35%
Us Treasury N/B 02/56 4.750.35%
Us Treasury N/B 02/34 40.34%
Us Treasury N/B 09/33 50.34%
Us Treasury N/B 05/33 3.3750.33%
Us Treasury N/B 05/34 4.3750.33%
Us Treasury N/B 07/28 4.250.33%
Us Treasury N/B 11/33 4.50.33%
Us Treasury N/B 02/35 4.6250.33%
Us Treasury N/B 08/34 3.8750.33%
Us Treasury N/B 08/33 4.50.32%
Us Treasury N/B 08/35 4.250.32%
Us Treasury N/B 08/28 1.1250.32%
Us Treasury N/B 05/56 50.31%
Us Treasury N/B 05/31 1.6250.31%
Us Treasury N/B 02/31 3.50.30%
Us Treasury N/B 04/31 3.8750.30%
Us Treasury N/B 11/35 40.29%
Us Treasury N/B 02/33 3.50.29%
Us Treasury N/B 08/33 3.8750.29%
Us Treasury N/B 02/28 4.250.28%
Us Treasury N/B 08/29 3.6250.28%
Us Treasury N/B 05/28 40.28%
Us Treasury N/B 11/45 4.6250.28%
Us Treasury N/B 02/32 1.8750.27%
Us Treasury N/B 08/36 4.6250.27%
Us Treasury N/B 09/28 3.3750.27%
Us Treasury N/B 06/28 4.1250.27%
Fed Hm Ln Pc Pool RQ0118 Fr 05/56 Fixed 50.27%
Us Treasury N/B 07/30 3.8750.27%
Us Treasury N/B 08/28 4.1250.26%
Us Treasury N/B 03/29 3.50.26%
Fnma Tba 30 Yr 5.5 Single Family Mortgage0.26%
Us Treasury N/B 12/30 3.750.25%
Us Treasury N/B 05/46 50.25%
Us Treasury N/B 05/55 4.750.24%

Weight gaps

FCBD and SPAB share no securities.

All FCBD holdings⁠All 8,718 SPAB holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

FCBD vs SPAB Cost

Overpaying FCBD vs SPAB

$15,391

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

FCBD 0.84%
$16,029
SPAB 0.03%
$638

Amount$10,000

Years30 years

Cost over time

FCBD 0.84%
SPAB 0.03%
Overpaying

Year by year

Year	FCBD	SPAB	Overpaying
10	$1,491	$55	$1,436
20	$5,643	$216	$5,427
30	$16,029	$638	$15,391

Expense ratio

0.84%FCBD
0.03%SPAB, cheaper

SPAB0.03%FCBD0.84%

0.00%1.04%

Middle half of US Aggregate Bond funds
Median 0.34%

SPAB 2nd cheapest of 114 funds

FCBD 109th cheapest of 114 funds

FCBD vs SPAB Dividends

Last 12 months to Oct 30, 2026

Yield (12M): FCBD 4.09%; SPAB 4.20%, better
Payout (12M): FCBD $1.02; SPAB $1.04
Last payment: FCBD $0.23; SPAB $0.09
Ex-dividend: FCBD Sep 29, 2026; SPAB Oct 1, 2026
Paid on: FCBD Oct 6, 2026; SPAB Oct 6, 2026
Frequency: FCBD Quarterly; SPAB Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

FCBDQuarterly · 8 paymentsAll FCBD payments⁠

SPABMonthly · 45 paymentsAll SPAB payments⁠

FCBD vs SPAB Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: FCBD 2.8%since Jan 2025SPAB 5.6%
Return per unit of riskSharpe ratio, 3 years: FCBD −0.19since Jan 2025SPAB 0.17
Worst fallMax drawdown, 5 years: FCBD −2.7%since Dec 2024SPAB −17.4%
Market sensitivityBeta, 5 years: FCBD 0.06SPAB 1.00; Market = 1

FCBD and SPAB in the news

All news⁠

Filings Digest
AllianceBernstein's AB US Research Advanced ETF began trading on Nasdaq Monday
Oct 27, 2026SPAB
Best ETFs
Best bond ETFs: LQD, HYG and TLT cost more than the funds beside them
Updated Oct 2, 2026SPAB

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FCBD vs SPAB

In short

Stated mandate

Why people hold it

Worth knowing

How FCBD and SPAB differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FCBD

Only in SPAB

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

AllianceBernstein's AB US Research Advanced ETF began trading on Nasdaq Monday

Best bond ETFs: LQD, HYG and TLT cost more than the funds beside them

How FCBD and SPAB differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FCBD

Only in SPAB

Weight gaps