SPDR Barclays Short Term Corporate Bond (SPSB) Performance
SPSB total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +1.5% since Dec 31, 2025
- 1 year
- +2.3% total return
- 5 years
- +2.9% a year
- 10 years
- +2.6% a year
- Since first price
- +2.3% a year since 2009
SPSB trailing returns vs AGG, TLT, SPY
| Period | SPSB total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +0.6% | +0.2% | +0.9% | +1.5% | −1.0% |
| 3 months | +0.5% | −0.6% | −0.4% | −1.0% | +3.2% |
| 6 months | +0.8% | −1.3% | −1.5% | −3.8% | +7.8% |
| YTD | +1.5% | −1.7% | −1.0% | −3.4% | +12.3% |
| 1 year | +2.3% | −2.0% | −1.1% | −6.9% | +14.4% |
| 3 years | +16.5%+5.2%/yr | +1.4% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| 5 years | +15.4%+2.9%/yr | −4.6% | −0.8%−0.2%/yr | −32.5%−7.6%/yr | +79.3%+12.4%/yr |
| 10 years | +29.5%+2.6%/yr | −3.4% | +14.0%+1.3%/yr | −18.7%−2.0%/yr | +315.9%+15.3%/yr |
| 15 years | +41.6%+2.3%/yr | −1.9% | +32.2%+1.9%/yr | +9.9%+0.6%/yr | +696.0%+14.8%/yr |
| Since inceptionDec 17, 2009 | +45.9%+2.3%/yr | −2.4% | — | — | — |
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: SPSB vs AGG
From Dec 17, 2009: SPSB grew to $14,592, AGG to $14,728.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
SPSB returns by calendar year
14 of 16 full years positive. Best 2025 (+5.9%), worst 2022 (−3.3%). 2026 is year to date.
SPSB annual returns table
| Year | SPSB | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | +1.5% | −1.0% | −1.0% | −3.4% | +12.3% |
| 2025 | +5.9% | −0.8% | +7.2% | +4.3% | +17.7% |
| 2024 | +5.3% | −0.6% | +1.3% | −8.1% | +24.9% |
| 2023 | +5.6% | −1.4% | +5.7% | +2.8% | +26.2% |
| 2022 | −3.3% | −5.3% | −13.0% | −31.2% | −18.2% |
| 2021 | −0.2% | −0.8% | −1.8% | −4.6% | +28.7% |
| 2020 | +3.8% | −11.8% | +7.5% | +18.2% | +18.3% |
| 2019 | +5.2% | −0.5% | +8.5% | +14.1% | +31.2% |
| 2018 | +1.4% | −0.7% | +0.1% | −1.6% | −4.6% |
| 2017 | +1.6% | −0.4% | +3.6% | +9.2% | +21.7% |
| 2016 | +2.1% | −0.7% | +2.4% | +1.2% | +12.0% |
| 2015 | +0.9% | −0.7% | +0.5% | −1.8% | +1.2% |
| 2014 | +0.9% | −0.6% | +6.0% | +27.3% | +13.5% |
| 2013 | +1.3% | −0.8% | −2.0% | −13.4% | +32.3% |
| 2012 | +3.6% | −0.6% | +3.8% | +2.6% | +16.0% |
| 2011 | +1.5% | −1.4% | +7.7% | +34.0% | +1.9% |
| 2010 | +2.8% | −1.0% | +6.4% | +9.0% | +15.1% |
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.
SPSB largest drawdowns
Now 0.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Mar 5, 2020 | −11.8% | Mar 19, 2020 | May 18, 2020 | 14 days | 2 months |
| Sep 16, 2021 | −6.0% | Oct 20, 2022 | Nov 28, 2023 | 1.1 years | 2.2 years |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
SPSB risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2009 |
|---|---|---|---|---|
| Annualized return | +5.2% | +2.8% | +2.6% | +2.3% |
| Volatility (annualized) | 1.6% | 2.2% | 2.0% | 1.7% |
| Sharpe ratio | 0.45 | -0.41 | 0.15 | 0.58 |
| Sortino ratio | 0.70 | -0.52 | 0.21 | 0.86 |
| Best month | +1.6% | +1.6% | +2.5% | +2.5% |
| Worst month | −0.5% | −1.3% | −2.5% | −2.5% |
| Best 12 months | +8.4% | +8.4% | +8.4% | +8.4% |
| Worst 12 months | +2.4% | −5.1% | −5.1% | −5.1% |
| Positive months | 86% | 70% | 72% | 70% |
| Beta vs S&P 500 | 0.06 | 0.08 | 0.07 | — |
| Correlation with S&P 500 | 0.43 | 0.56 | 0.53 | — |
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.
SPSB rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 191 | −5.1% | +2.1% | +8.4% | 92% |
| 3-year (a year) | 167 | −0.3% | +1.9% | +5.8% | 95% |
| 5-year (a year) | 143 | +1.0% | +1.9% | +2.9% | 100% |
| 10-year (a year) | 83 | +1.2% | +2.1% | +2.7% | 100% |
Every holding period starting at a month-end since 2009. Returns for 3 years and longer are annualized.
SPSB performance overview
SPDR Barclays Short Term Corporate Bond (SPSB) returned +2.3% over the past year and +2.6% a year over ten years, with distributions reinvested. Since its first recorded price in 2009 it has returned +2.3% a year, turning $10,000 into about $14,592. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −11.8%, from Mar 5, 2020 to Mar 19, 2020, and it took 2 months to get back to the old high. SPSB finished 14 of its 16 full calendar years with a gain; the best year was 2025 (+5.9%) and the worst 2022 (−3.3%). Volatility has been 1.7% a year.
Related: SPSB chart, SPSB dividends, SPSB bond profile. See the SPSB overview for the latest quote and fund facts.
SPSB performance FAQ
What is the SPSB return over the past year?
SPSB returned +2.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 2.0%.
What is the average annual return of SPSB?
SPSB has returned +2.9% a year over 5 years, +2.6% a year over 10 years, +2.3% a year since December 17, 2009 (total return, distributions reinvested).
How much would $10,000 invested in SPSB be worth?
$10,000 invested in SPSB at its first recorded close on December 17, 2009 would be worth about $14,592 on October 23, 2026 with distributions reinvested.
What was the worst year for SPSB?
The worst calendar year was 2022, with a total return of −3.3%. The best was 2025 at +5.9%.
What is the biggest drawdown of SPSB?
The largest peak-to-trough decline was −11.8% between March 5, 2020 and March 19, 2020. It recovered to the old high on May 18, 2020, 2 months after the bottom.
How volatile is SPSB?
Over the past 3 years SPSB had an annualized volatility of 1.6% and a Sharpe ratio of 0.45 (excess return over 1–3 month T-bills per unit of risk).