SPIB vs SPY
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPIB has a lower expense ratio. SPY delivered stronger 1-year returns. SPIB offers more diversification with 1090 holdings.
Side-by-Side Comparison
| Metric | SPIB | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.04% | 0.09% | |
| AUM | $11.4B | $789.1B | |
| Dividend Yield | 4.44% | 1.01% | |
| Holdings | 5,091 | 505 | |
| YTD Return | +0.03% | +13.39% | |
| 1Y Return | +2.61% | +22.52% | |
| 3Y Return (annualized) | +5.78% | +21.36% | |
| 5Y Return (annualized) | +1.59% | +13.19% | |
| Volatility (annualized) | 4.1% | 15.3% | |
| Max Drawdown | -14.9% | -56.5% | |
| Fund Family | State Street Investment Management | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Feb 10, 2009 | Jan 22, 1993 |
SPIB vs SPY Performance
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB) is a ETF from State Street Investment Management and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year SPIB returned +2.61% while SPY returned +22.52%. Year to date, SPIB is up 0.03% versus a gain of 13.39% for SPY.
Over three years, SPIB compounded at +5.78% per year against +21.36% for SPY; over five years the annualized figures are +1.59% and +13.19% respectively. Across the full 18-year window we track, SPY has the edge at +8.84% annualized vs +1.53%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 4.1% for SPIB. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -14.9% for SPIB and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.49. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SPIB charges 0.04% per year while SPY charges 0.09%. On a $10,000 position that is $4 vs $9 annually, a gap of $5 per year that compounds over a long holding period. On income, SPIB currently yields 4.44% against 1.01% for SPY.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, SPIB or SPY?
SPIB has an expense ratio of 0.04% while SPY charges 0.09%. SPIB is the cheaper option. On a $10,000 investment, that is $5 per year of difference.
Which performed better, SPIB or SPY?
Over the past year SPIB returned +2.61% vs +22.52% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (18 years), SPIB annualized +1.53% vs +8.84% for SPY. Past performance does not guarantee future results.
Which is riskier, SPIB or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 4.1% for SPIB. Worst drawdown: SPIB -14.9% vs SPY -56.5%.
Should I hold both SPIB and SPY?
SPIB and SPY have a monthly-return correlation of 0.49, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPIB and SPY?
SPIB and SPY share 2 common holdings with a 0.0% weight overlap. Combined, they hold 1591 unique securities.
Which pays a higher dividend, SPIB or SPY?
SPIB yields 4.44% while SPY yields 1.01%, so SPIB currently pays the higher dividend yield.
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