SPAB vs TCPB: Grades, Fees and Holdings Compared

State Street SPDR Portfolio Aggregate Bond ETF

SPABANYSE Arca

Thrivent Core Plus Bond ETF

TCPBBNYSE Arca

Overlap

No data

Expense ratio

SPAB −0.36pt a year

SPAB0.03%TCPB0.39%

Avg volume · 30D

SPAB 77.3×the volume

SPAB3.11MTCPB40.2K

SPAB vs TCPB Performance

Oct 31, 2025 – Oct 30, 2026

−0.2%SPAB−0.1%TCPB

Expense ratio: SPAB 0.03%, better; TCPB 0.39%
Fund size: SPAB $10.4B; TCPB $494M
1Y total return: SPAB −0.2%; TCPB −0.1%, better
Yield (12M): SPAB 4.20%; TCPB 4.90%, better
Holdings: SPAB 8697; TCPB 578
Avg volume (30D): SPAB 3.11M sh, better; TCPB 40.2K sh
NAV per share: SPAB $24.78; TCPB $49.07
52W range

ETF.net Grade

Pillar letters and Scores for SPAB, TCPB, with each pillar’s weight
Pillar	SPAB	TCPB
Cost30% weight	A97Higher	D36
Mission25% weight	A100	A100
Risk15% weight	C47	B61Higher
Tradability15% weight	A90Higher	C41
Holdings10% weight	A76Higher	A70
Durability5% weight	A91Higher	D36

Rank among US Aggregate Bond funds

How we build Categories ›

Same Category. SPAB and TCPB 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 TCPB 57th 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 57BJPIEJPMorgan Income ETFScore 59
Rank 57BTCPBThrivent Core Plus Bond ETFScore 59
Rank 61BBNDCNorthern Trust Core Bond ETFScore 58

Our read on each fund

ETF.net Research

SPABAState Street SPDR Portfolio Aggregate Bond ETF

TCPBBThrivent Core Plus Bond ETF

In short

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.

TCPB No data

Stated mandate

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.

TCPB No data

Why people hold it

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.

TCPB No data

Worth knowing

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

TCPB No data

Full SPAB profile⁠

Full TCPB profile⁠

SPAB vs TCPB Holdings

How SPAB and TCPB differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Countryby domicile91.1%
Asset classFixed Income100%

Sector

No Sector split for SPAB and TCPB.

Country, concentration and asset class

Country by domicile

Country weights in SPAB and TCPB, widest gap first
Country	More in SPABMore in TCPB	SPAB	TCPB
United States	SPAB +7.5 points	94.2%	86.7%
Panama	TCPB +3.6 points	0.2%	3.8%
France	TCPB +1.3 points	0.1%	1.4%
Ireland	TCPB +1.1 points	0.1%	1.2%
Other countries (30)	TCPB +1.5 points	5.3%	6.8%

Concentration

Weight in the 10 largest Holdings

SPAB6.7%
TCPB19.3%

Securities held

SPAB8,631
TCPB578

Asset class

SPAB: Fixed Income
TCPB: Fixed Income

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. SPAB holds 8,631 securities, TCPB 578.

All 8,718 SPAB holdings⁠All 561 TCPB 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.

SPAB vs TCPB Cost

Overpaying TCPB vs SPAB

$7,260

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

SPAB 0.03%
$638
TCPB 0.39%
$7,898

Amount$10,000

Years30 years

Cost over time

SPAB 0.03%
TCPB 0.39%
Overpaying

Year by year

Year	SPAB	TCPB	Overpaying
10	$55	$705	$650
20	$216	$2,725	$2,509
30	$638	$7,898	$7,260

Expense ratio

0.03%SPAB, cheaper
0.39%TCPB

SPAB0.03%TCPB0.39%

0.00%1.04%

Middle half of US Aggregate Bond funds
Median 0.34%

SPAB 2nd cheapest of 114 funds

TCPB 67th cheapest of 114 funds

SPAB vs TCPB Dividends

Last 12 months to Oct 30, 2026

Yield (12M): SPAB 4.20%; TCPB 4.90%, better
Payout (12M): SPAB $1.04; TCPB $2.41
Last payment: SPAB $0.09; TCPB $0.21
Ex-dividend: SPAB Oct 1, 2026; TCPB Oct 29, 2026
Paid on: SPAB Oct 6, 2026; TCPB Oct 30, 2026
Frequency: SPAB Monthly; TCPB Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

SPABMonthly · 45 paymentsAll SPAB payments⁠

TCPBMonthly · 21 paymentsAll TCPB payments⁠

SPAB vs TCPB Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: SPAB 5.6%TCPB 4.3%since Mar 2025
Return per unit of riskSharpe ratio, 3 years: SPAB 0.17TCPB −0.34since Mar 2025
Worst fallMax drawdown, 5 years: SPAB −17.4%TCPB −4.6%since Feb 2025
Market sensitivityBeta, 5 years: SPAB 1.00TCPB 0.07; Market = 1

SPAB and TCPB 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

Popular comparisons

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SPAB vs TCPB

In short

Stated mandate

Why people hold it

Worth knowing

How SPAB and TCPB differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

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 SPAB and TCPB differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings