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SPAB
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SPDR® Portfolio Aggregate Bond ETF (SPAB)

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$25.66
Last Close (24-hour delay)
Profit since last BUY2.15%
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Consider higher Upturn Star rating
BUY since 52 days
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Upturn Advisory Summary

08/29/2025: SPAB (2-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

Analysis of Past Performance

Type ETF
Historic Profit 4.94%
Avg. Invested days 43
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 3.0
ETF Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 08/29/2025

Key Highlights

Volume (30-day avg) -
Beta 1
52 Weeks Range 24.03 - 25.74
Updated Date 06/29/2025
52 Weeks Range 24.03 - 25.74
Updated Date 06/29/2025

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SPDR® Portfolio Aggregate Bond ETF

stock logo

ETF Overview

overview logo Overview

The SPDRu00ae Portfolio Aggregate Bond ETF (SPAB) seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg U.S. Aggregate Bond Index. It offers broad exposure to the U.S. investment-grade bond market.

reliability logo Reputation and Reliability

State Street Global Advisors (SSGA) is a large and reputable asset manager with a long track record in the ETF industry.

reliability logo Management Expertise

SSGA has extensive experience managing fixed-income ETFs and employs a team of experienced portfolio managers.

Investment Objective

overview logo Goal

To track the performance of the Bloomberg U.S. Aggregate Bond Index.

Investment Approach and Strategy

Strategy: Tracks a specific index (Bloomberg U.S. Aggregate Bond Index).

Composition Primarily holds U.S. investment-grade bonds, including government, corporate, and mortgage-backed securities.

Market Position

Market Share: SPAB holds a notable market share in the aggregate bond ETF category.

Total Net Assets (AUM): 2294000000

Competitors

overview logo Key Competitors

  • AGG
  • BND
  • SCHZ

Competitive Landscape

The aggregate bond ETF market is competitive, with several large players. SPAB's expense ratio is a key differentiator; however, it has a smaller AUM than AGG and BND. AGG and BND have larger AUMs, which may result in higher liquidity, while SPAB's lower expense ratio may be attractive to cost-conscious investors. The competitive landscape depends on factors like expense ratio, AUM, tracking error and trading volume.

Financial Performance

Historical Performance: Historical performance data is not available for a specific period.

Benchmark Comparison: The ETF's performance should closely track the Bloomberg U.S. Aggregate Bond Index. Tracking error is expected to be low.

Expense Ratio: 0.03

Liquidity

Average Trading Volume

The ETF's average trading volume indicates good liquidity, facilitating easy buying and selling of shares.

Bid-Ask Spread

The bid-ask spread is typically tight, reflecting strong liquidity and minimizing trading costs.

Market Dynamics

Market Environment Factors

Interest rate changes, inflation expectations, and economic growth influence the performance of SPAB. Monetary policy also affects returns.

Growth Trajectory

Growth is tied to the overall bond market and investor demand for fixed-income exposure. Fluctuations in interest rates and credit spreads affect the trajectory.

Moat and Competitive Advantages

Competitive Edge

SPAB's primary advantage is its very low expense ratio compared to competitors, making it an attractive option for cost-conscious investors seeking broad exposure to the U.S. aggregate bond market. Its association with State Street Global Advisors also offers credibility. It offers a low-cost way to get exposure to the U.S. investment grade bond market. However, smaller AUM compared to its competitors is a disadvantage to its position.

Risk Analysis

Volatility

SPAB's volatility is generally low, as it invests in investment-grade bonds. Interest rate risk (duration) is a primary factor.

Market Risk

Interest rate risk (the risk that bond prices will decline as interest rates rise) and credit risk (the risk that issuers will default on their debt obligations) are the primary risks.

Investor Profile

Ideal Investor Profile

Ideal for investors seeking broad, low-cost exposure to the U.S. investment-grade bond market as part of a diversified portfolio.

Market Risk

Suitable for long-term investors seeking passive index exposure and income, not active traders seeking short-term gains.

Summary

SPAB is a low-cost ETF providing broad exposure to the U.S. investment-grade bond market by tracking the Bloomberg U.S. Aggregate Bond Index. It is suitable for long-term investors seeking passive fixed-income exposure with a low expense ratio. Interest rate risk and credit risk are the primary risks. Compared to its competitors, it offers one of the lowest expense ratios. However, its AUM is smaller than its two major competitors.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • State Street Global Advisors (SSGA) Website
  • Bloomberg
  • Morningstar
  • ETF.com

Disclaimers:

The data and analysis provided are for informational purposes only and should not be considered investment advice. Market conditions can change rapidly and affect the performance of ETFs. Consult with a qualified financial advisor before making any investment decisions.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About SPDR® Portfolio Aggregate Bond ETF

Exchange NYSE ARCA
Headquaters -
IPO Launch date -
CEO -
Sector -
Industry -
Full time employees -
Website
Full time employees -
Website

The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index and in securities that the Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. The index is designed to measure the performance of the U.S. dollar denominated investment grade bond market.