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SPDR Portfolio Corporate Bond (SPBO)



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Upturn Advisory Summary
08/14/2025: SPBO (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type ETF | Historic Profit 5.32% | Avg. Invested days 41 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | ETF Returns Performance ![]() |
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Key Highlights
Volume (30-day avg) - | Beta 1.19 | 52 Weeks Range 27.18 - 29.16 | Updated Date 06/30/2025 |
52 Weeks Range 27.18 - 29.16 | Updated Date 06/30/2025 |
Upturn AI SWOT
SPDR Portfolio Corporate Bond
ETF Overview
Overview
The SPDR Portfolio Corporate Bond ETF (SPBO) seeks to provide investment results that correspond generally to the price and yield performance of the Bloomberg U.S. Corporate Bond Index. It offers broad exposure to the U.S. corporate bond market with investment-grade credit quality and aims for a diversified portfolio of corporate bonds.
Reputation and Reliability
State Street Global Advisors (SSGA) is a well-established and reputable ETF issuer with a long track record in the industry.
Management Expertise
SSGA has extensive experience in managing fixed-income portfolios, including ETFs tracking various bond indices.
Investment Objective
Goal
To closely match the returns of the Bloomberg U.S. Corporate Bond Index.
Investment Approach and Strategy
Strategy: The ETF employs a passive management strategy, seeking to replicate the performance of its benchmark index.
Composition The ETF holds a diversified portfolio of U.S. dollar-denominated, investment-grade corporate bonds.
Market Position
Market Share: SPBO holds a moderate market share in the broad U.S. corporate bond ETF segment.
Total Net Assets (AUM): 4480000000
Competitors
Key Competitors
- LQD
- VCIT
- IGIB
Competitive Landscape
The U.S. corporate bond ETF market is competitive, with several large ETFs dominating market share. SPBO is a cost-effective option. Competitors may have longer track records or slightly different index methodologies.
Financial Performance
Historical Performance: Historical performance varies based on market interest rates and credit spreads. Performance data available on fund factsheet.
Benchmark Comparison: The ETF's performance should closely track the Bloomberg U.S. Corporate Bond Index. Tracking error is expected to be low.
Expense Ratio: 0.04
Liquidity
Average Trading Volume
SPBO typically exhibits moderate trading volume, reflecting sufficient liquidity for most investors.
Bid-Ask Spread
The bid-ask spread is generally tight, indicating efficient trading and minimal transaction costs.
Market Dynamics
Market Environment Factors
Interest rate movements, credit spreads, and overall economic conditions influence the performance of SPBO.
Growth Trajectory
Growth is correlated to investors' demand for corporate bond exposure and adoption of low-cost ETFs, changes in bond yields and credit spreads.
Moat and Competitive Advantages
Competitive Edge
SPBO's primary advantage is its low expense ratio, making it a cost-effective choice for investors seeking broad exposure to the U.S. corporate bond market. Its strength lies in efficient replication of the Bloomberg U.S. Corporate Bond Index with a strategy that focuses on value for the investor. Furthermore, it benefits from the scale and resources of State Street Global Advisors. SPBO provides comprehensive exposure to the investment grade corporate bond market at a relatively low cost.
Risk Analysis
Volatility
SPBO's volatility is influenced by interest rate sensitivity and credit risk. It is generally less volatile than equity ETFs.
Market Risk
The ETF is subject to interest rate risk (rising rates can decrease bond values) and credit risk (risk of issuers defaulting on their debt).
Investor Profile
Ideal Investor Profile
SPBO is suitable for investors seeking broad exposure to the U.S. corporate bond market with an investment-grade focus. It is suitable for investors looking for a fixed income component with a lower risk tolerance.
Market Risk
SPBO is best for long-term investors seeking passive exposure to corporate bonds, suitable for those looking to diversify a portfolio and benefit from relatively stable income.
Summary
SPDR Portfolio Corporate Bond ETF (SPBO) offers low-cost access to the U.S. corporate bond market, tracking the Bloomberg U.S. Corporate Bond Index. Managed by State Street Global Advisors, a reputable issuer, it provides diversified exposure to investment-grade corporate bonds with minimal tracking error. It is most suitable for long-term investors seeking passive income and diversification while accepting moderate interest rate and credit risks. The ETF's competitive advantage lies in its low expense ratio, making it attractive for cost-conscious investors seeking broad corporate bond exposure.
Peer Comparison
Sources and Disclaimers
Data Sources:
- State Street Global Advisors (SSGA) Fund Factsheet
- Bloomberg
- ETF.com
Disclaimers:
This analysis is based on publicly available information and is not financial advice. Investment decisions should be made in consultation with a financial advisor.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About SPDR Portfolio Corporate Bond
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 investment grade corporate bond market.

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