SPY vs STBF
SPY vs STBF
State Street SPDR S&P 500 ETF Trust vs Performance Trust Short Term Bond ETF
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | SPY | STBF | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.65% | |
| AUM | $789.1B | $70M | |
| Dividend Yield | 1.01% | 4.82% | |
| Holdings | 505 | 201 | |
| YTD Return | +13.50% | +0.11% | |
| 1Y Return | +23.56% | +2.65% | |
| 3Y Return (annualized) | +21.17% | - | |
| 5Y Return (annualized) | +13.46% | - | |
| Volatility (annualized) | 15.3% | 1.8% | |
| Max Drawdown | -56.5% | -1.2% | |
| Fund Family | State Street Investment Management | Performance Trust Asset Management LLC | |
| Category | Equity | Fixed Income | |
| Inception | Jan 22, 1993 | Apr 9, 2024 |
SPY vs STBF Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Performance Trust Short Term Bond ETF (STBF) is a ETF from Performance Trust Asset Management LLC. Over the past year SPY returned +23.56% while STBF returned +2.65%. Year to date, SPY is up 13.50% versus a gain of 0.11% for STBF.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 1.8% for STBF. 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 -56.5% for SPY and -1.2% for STBF. 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 0.31. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SPY charges 0.09% per year while STBF charges 0.65%. On a $10,000 position that is $9 vs $65 annually, a gap of $56 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 4.82% for STBF.
Holdings Overlap
SPY and STBF share 0 holdings out of 571 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, SPY or STBF?
SPY has an expense ratio of 0.09% while STBF charges 0.65%. SPY is the cheaper option. On a $10,000 investment, that is $56 per year of difference.
Which performed better, SPY or STBF?
Over the past year SPY returned +23.56% vs +2.65% for STBF, so SPY leads on 1-year performance. Over the longest common window we track (2 years), SPY annualized +8.85% vs +4.73% for STBF. Past performance does not guarantee future results.
Which is riskier, SPY or STBF?
SPY has been the more volatile fund at 15.3% annualized versus 1.8% for STBF. Worst drawdown: SPY -56.5% vs STBF -1.2%.
Should I hold both SPY and STBF?
SPY and STBF have a monthly-return correlation of 0.31, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPY and STBF?
SPY and STBF share 0 common holdings with a 0.0% weight overlap. Combined, they hold 571 unique securities.
Which pays a higher dividend, SPY or STBF?
SPY yields 1.01% while STBF yields 4.82%, so STBF currently pays the higher dividend yield.
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