Data as of Oct 28, 2026.
APCB vs SPSB: Differences, Returns & Fees
APCB's duration was 4.1 years on Aug 31, 2026 and SPSB's 1.8 on Jun 30, 2026; SPSB charges 0.04% to APCB's 0.36%.
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Net assets: $1.0bn on Aug 31, 2026 for ActivePassive Core Bond ETF, and $11.3bn on Oct 27, 2026 for State Street SPDR Portfolio Short Term Corporate Bond ETF.
Pair scorecard
SPSB costs 0.32 points a year less; their one-year returns differ by 3.6 points.
| Measure | APCB | SPSB |
|---|---|---|
| Return | ||
| Total return, 1 year | −1.4% | +2.2% |
| Benchmark | ||
| What it tracks | No index, actively managed | Bloomberg U.S. 1-3 Year Corporate Bond Index |
| Cost and size | ||
| Expense ratio | 0.36% | 0.04% |
| Net assets, APCB as of Aug 31, 2026 and SPSB as of Oct 27, 2026 | $1.0bn | $11.3bn |
| Holdings | ||
| Holdings in common | 2% | |
Holdings in common uses holdings dated Jun 30, 2026 and Aug 31, 2026. Method
Risk and return
May 12, 2023 to Oct 23, 2026 · 180 weekly returns · each against AGGSPSB returned more: +17.2% to +9.5%. SPSB swung less: 1.6% to 4.8%. SPSB fell less at its worst: −0.8% to −5.4%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | APCB | SPSB | AGG | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +9.5% | +17.2% | SPSB | Price change plus distributions, reinvested. | |
| Annualized | +2.6% | +4.7% | SPSB | Total return as a yearly rate. | |
| Price return | −4.7% | +0.3% | SPSB | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 4.8% | 1.6% | SPSB | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 3.5% | 1.1% | SPSB | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −5.4% | −0.8% | SPSB | Deepest fall from a high to the low after it. | |
| Upside capture | 90.1% | 34.3% | 100.0% | APCB | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 91.1% | 12.8% | 100.0% | SPSB | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 0.90 | 0.26 | 1.00 | SPSB lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.98 | 0.75 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | −0.38 | 0.02 | SPSB | Return above Treasury bills per unit of volatility. | |
| Sortino | −0.53 | 0.02 | SPSB | Return above Treasury bills per unit of downside deviation. | |
| Treynor | −0.020 | 0.001 | −0.017 | SPSB | Return above Treasury bills per unit of beta. |
| Calmar | 0.49 | 5.83 | SPSB | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | AGG | AGG | AGG | The ETF each fund is measured against. | |
| Alpha | −0.3% a year | +0.5% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −0.68 | 1.11 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −1.1% to +0.5% | −0.4% to +1.3% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | −0.12 | 0.45 | SPSB | Return against its benchmark per unit of tracking error. | |
| Tracking error | 0.9% | 4.0% | 0.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 180 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, APCB and SPSB hold 2% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Aug 31, 2026.
half
2% in common
Only in one fund ↓
Side by side
APCB and SPSB on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
APCB and SPSB are built for the same job. How do they differ in cost, holdings and results?
- What each follows. APCB follows No index, actively managed and SPSB follows Bloomberg U.S. 1-3 Year Corporate Bond Index.
- Holdings in common. 2% of the weight is in the same securities (holdings dated Aug 31, 2026 and Jun 30, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 APCB returned −1.4% and SPSB +2.2% with distributions reinvested, a gap of 3.6 points.
Data as of Oct 28, 2026.
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APCB
APCB is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned −1.4% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Bond Total Return Index. The prospectus expense ratio is 0.36% a year.
SPSB
SPSB tracks an index of Short Term Corporate Bond. Over the year to Oct 28, 2026 it returned +2.2% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.04% a year.
Questions people ask
- Which returned more over the last year, APCB or SPSB?
- In the year to Oct 28, 2026, with distributions reinvested, APCB returned −1.4% and SPSB +2.2%.
- Which is cheaper, APCB or SPSB?
- SPSB is cheaper, by 0.32 percentage points a year. That is about $32 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, APCB against SPSB, data as of Oct 28, 2026. https://etfiq.com/compare/any/apcb-vs-spsb
ETFIQ. (Oct 28, 2026). APCB against SPSB. Retrieved from https://etfiq.com/compare/any/apcb-vs-spsb
[APCB against SPSB (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/apcb-vs-spsb)
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