SPDR Portfolio Aggregate Bond ETF (SPAB) Performance
SPAB total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −1.0% since Dec 31, 2025
- 1 year
- −1.2% total return
- 5 years
- −0.2% a year
- 10 years
- +1.3% a year
- Since first price
- +3.0% a year since 2007
SPAB trailing returns vs AGG, TLT, SPY
| Period | SPAB total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +0.8% | +0.4% | +0.9% | +1.5% | −1.0% |
| 3 months | −0.5% | −1.6% | −0.4% | −1.0% | +3.2% |
| 6 months | −1.6% | −3.7% | −1.5% | −3.8% | +7.8% |
| YTD | −1.0% | −4.0% | −1.0% | −3.4% | +12.3% |
| 1 year | −1.2% | −5.2% | −1.1% | −6.9% | +14.4% |
| 3 years | +16.5%+5.2%/yr | +3.5% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| 5 years | −1.0%−0.2%/yr | −16.7% | −0.8%−0.2%/yr | −32.5%−7.6%/yr | +79.3%+12.4%/yr |
| 10 years | +13.8%+1.3%/yr | −16.2% | +14.0%+1.3%/yr | −18.7%−2.0%/yr | +315.9%+15.3%/yr |
| 15 years | +31.7%+1.9%/yr | −14.6% | +32.2%+1.9%/yr | +9.9%+0.6%/yr | +696.0%+14.8%/yr |
| Since inceptionMay 30, 2007 | +76.0%+3.0%/yr | −5.8% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: SPAB vs AGG
From May 30, 2007: SPAB grew to $17,596, AGG to $17,438.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
SPAB returns by calendar year
14 of 18 full years positive. Best 2019 (+8.7%), worst 2022 (−13.0%). 2026 is year to date.
SPAB annual returns table
| Year | SPAB | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | −1.0% | −4.7% | −1.0% | −3.4% | +12.3% |
| 2025 | +7.2% | −2.4% | +7.2% | +4.3% | +17.7% |
| 2024 | +1.2% | −4.1% | +1.3% | −8.1% | +24.9% |
| 2023 | +5.6% | −7.3% | +5.7% | +2.8% | +26.2% |
| 2022 | −13.0% | −16.2% | −13.0% | −31.2% | −18.2% |
| 2021 | −1.8% | −3.7% | −1.8% | −4.6% | +28.7% |
| 2020 | +7.4% | −9.4% | +7.5% | +18.2% | +18.3% |
| 2019 | +8.7% | −2.0% | +8.5% | +14.1% | +31.2% |
| 2018 | −0.2% | −3.0% | +0.1% | −1.6% | −4.6% |
| 2017 | +3.7% | −1.4% | +3.6% | +9.2% | +21.7% |
| 2016 | +2.4% | −4.4% | +2.4% | +1.2% | +12.0% |
| 2015 | +0.3% | −3.1% | +0.5% | −1.8% | +1.2% |
| 2014 | +6.0% | −1.2% | +6.0% | +27.3% | +13.5% |
| 2013 | −2.1% | −5.0% | −2.0% | −13.4% | +32.3% |
| 2012 | +3.9% | −1.4% | +3.8% | +2.6% | +16.0% |
| 2011 | +7.9% | −1.8% | +7.7% | +34.0% | +1.9% |
| 2010 | +6.3% | −3.7% | +6.4% | +9.0% | +15.1% |
| 2009 | +3.5% | −6.4% | +3.0% | −21.8% | +26.4% |
| 2008 | +8.4% | −13.7% | +7.9% | +33.9% | −36.8% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
SPAB largest drawdowns
Now 3.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Aug 4, 2020 | −18.6% | Oct 20, 2022 | not yet | 2.2 years | 6.2 years so far |
| Sep 9, 2008 | −13.7% | Oct 10, 2008 | Nov 10, 2008 | 31 days | 2 months |
| Mar 6, 2020 | −9.4% | Mar 18, 2020 | May 29, 2020 | 12 days | 3 months |
| Jan 20, 2009 | −6.4% | Mar 10, 2009 | Aug 13, 2009 | 49 days | 7 months |
| May 1, 2013 | −5.0% | Sep 5, 2013 | May 7, 2014 | 4 months | 1.0 years |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
SPAB risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2007 |
|---|---|---|---|---|
| Annualized return | +4.0% | −0.6% | +1.1% | +2.9% |
| Volatility (annualized) | 5.6% | 6.5% | 5.2% | 4.4% |
| Sharpe ratio | -0.05 | -0.63 | -0.20 | 0.35 |
| Sortino ratio | -0.06 | -0.78 | -0.27 | 0.51 |
| Best month | +4.7% | +4.7% | +4.7% | +4.7% |
| Worst month | −2.6% | −4.3% | −4.3% | −4.3% |
| Best 12 months | +11.5% | +11.5% | +11.5% | +11.9% |
| Worst 12 months | −1.9% | −15.6% | −15.6% | −15.6% |
| Positive months | 67% | 52% | 56% | 62% |
| Beta vs S&P 500 | 0.22 | 0.26 | 0.14 | — |
| Correlation with S&P 500 | 0.50 | 0.62 | 0.41 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
SPAB rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 222 | −15.6% | +3.7% | +11.9% | 76% |
| 3-year (a year) | 198 | −5.5% | +2.9% | +8.3% | 83% |
| 5-year (a year) | 174 | −1.1% | +2.7% | +7.0% | 84% |
| 10-year (a year) | 114 | +0.7% | +2.4% | +4.5% | 100% |
Every holding period starting at a month-end since 2007. Returns for 3 years and longer are annualized.
SPAB performance overview
SPDR Portfolio Aggregate Bond ETF (SPAB) returned −1.2% over the past year and +1.3% a year over ten years, with distributions reinvested. Since its first recorded price in 2007 it has returned +3.0% a year, turning $10,000 into about $17,596. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −18.6%, from Aug 4, 2020 to Oct 20, 2022; the fund has not yet regained that high. SPAB finished 14 of its 18 full calendar years with a gain; the best year was 2019 (+8.7%) and the worst 2022 (−13.0%). Volatility has been 4.4% a year.
Related: SPAB chart, SPAB dividends, SPAB bond profile. See the SPAB overview for the latest quote and fund facts.
SPAB performance FAQ
What is the SPAB return over the past year?
SPAB returned −1.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 5.2%.
What is the average annual return of SPAB?
SPAB has returned −0.2% a year over 5 years, +1.3% a year over 10 years, +3.0% a year since May 30, 2007 (total return, distributions reinvested).
How much would $10,000 invested in SPAB be worth?
$10,000 invested in SPAB at its first recorded close on May 30, 2007 would be worth about $17,596 on October 23, 2026 with distributions reinvested.
What was the worst year for SPAB?
The worst calendar year was 2022, with a total return of −13.0%. The best was 2019 at +8.7%.
What is the biggest drawdown of SPAB?
The largest peak-to-trough decline was −18.6% between August 4, 2020 and October 20, 2022. It has not yet recovered to that high; it is 3.6% below its peak.
How volatile is SPAB?
Over the past 3 years SPAB had an annualized volatility of 5.6% and a Sharpe ratio of -0.05 (excess return over 1–3 month T-bills per unit of risk).