SBND vs SPY
SBND vs SPY
Columbia Short Duration Bond ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SBND offers more diversification with 836 holdings.
Side-by-Side Comparison
| Metric | SBND | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.25% | 0.09% | |
| AUM | $205M | $789.1B | |
| Dividend Yield | 4.53% | 1.01% | |
| Holdings | 1,184 | 505 | |
| YTD Return | +0.69% | +11.49% | |
| 1Y Return | +3.14% | +21.37% | |
| 3Y Return (annualized) | +5.57% | +20.76% | |
| 5Y Return (annualized) | - | +12.94% | |
| Volatility (annualized) | 4.0% | 15.3% | |
| Max Drawdown | -10.8% | -56.5% | |
| Fund Family | Columbia Threadneedle Investments | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Sep 21, 2021 | Jan 22, 1993 |
SBND vs SPY Performance
Columbia Short Duration Bond ETF (SBND) is a ETF from Columbia Threadneedle Investments and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year SBND returned +3.14% while SPY returned +21.37%. Year to date, SBND is up 0.69% versus a gain of 11.49% for SPY.
Over three years, SBND compounded at +5.57% per year against +20.76% for SPY. Across the full 5-year window we track, SPY has the edge at +8.78% annualized vs +2.27%. 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 4.0% for SBND. 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 -10.8% for SBND 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 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SBND charges 0.25% per year while SPY charges 0.09%. On a $10,000 position that is $25 vs $9 annually, a gap of $16 per year that compounds over a long holding period. On income, SBND currently yields 4.53% against 1.01% for SPY.
Holdings Overlap
SBND and SPY share 0 holdings out of 1339 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SBND or SPY?
SBND has an expense ratio of 0.25% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $16 per year of difference.
Which performed better, SBND or SPY?
Over the past year SBND returned +3.14% vs +21.37% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (5 years), SBND annualized +2.27% vs +8.78% for SPY. Past performance does not guarantee future results.
Which is riskier, SBND or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 4.0% for SBND. Worst drawdown: SBND -10.8% vs SPY -56.5%.
Should I hold both SBND and SPY?
SBND and SPY have a monthly-return correlation of 0.73, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SBND and SPY?
SBND and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1339 unique securities.
Which pays a higher dividend, SBND or SPY?
SBND yields 4.53% while SPY yields 1.01%, so SBND currently pays the higher dividend yield.
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