Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
SHY iShares 1-3 Year Treasury Bond ETF | Government Bonds | 1% |
SPTS SPDR Portfolio Short Term Treasury ETF | Government Bonds, Short-Term Bond | 39% |
VGSH Vanguard Short-Term Treasury ETF | Government Bonds, Short-Term Bond | 40% |
VSBSX Vanguard Short-Term Treasury Index Fund Admiral Shares | Government Bonds | 20% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Short Term Government Bond ETF List, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Every 3 months.
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The earliest data available for this chart is Dec 1, 2011, corresponding to the inception date of SPTS
Returns By Period
As of Apr 4, 2026, the Short Term Government Bond ETF List returned 0.26% Year-To-Date and 1.71% of annualized return in the last 10 years.
| 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.11% | -4.18% | -3.84% | -1.98% | 21.98% | 16.86% | 10.37% | 12.29% |
Portfolio Short Term Government Bond ETF List | 0.06% | -0.21% | 0.26% | 1.26% | 3.37% | 3.98% | 1.80% | 1.71% |
| Portfolio components: | ||||||||
VSBSX Vanguard Short-Term Treasury Index Fund Admiral Shares | 0.05% | -0.51% | -0.02% | 0.99% | 3.04% | 3.95% | 1.78% | 1.71% |
VGSH Vanguard Short-Term Treasury ETF | 0.09% | -0.13% | 0.34% | 1.33% | 3.41% | 3.98% | 1.80% | 1.74% |
SPTS SPDR Portfolio Short Term Treasury ETF | 0.03% | -0.14% | 0.32% | 1.33% | 3.50% | 4.01% | 1.82% | 1.67% |
SHY iShares 1-3 Year Treasury Bond ETF | 0.05% | -0.17% | 0.31% | 1.28% | 3.31% | 3.85% | 1.71% | 1.65% |
Monthly Returns
Based on dividend-adjusted daily data since Dec 2, 2011, Short Term Government Bond ETF List's average daily return is +0.01%, while the average monthly return is +0.12%. At this rate, your investment would double in approximately 48.2 years.
Historically, 60% of months were positive and 40% were negative. The best month was Aug 2014 with a return of +2.5%, while the worst month was Sep 2014 at -2.1%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 9 months.
On a daily basis, Short Term Government Bond ETF List closed higher 52% of trading days. The best single day was Aug 29, 2014 with a return of +2.2%, while the worst single day was Sep 2, 2014 at -2.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.20% | 0.55% | -0.46% | -0.02% | 0.26% | ||||||||
| 2025 | 0.36% | 0.72% | 0.44% | 0.83% | -0.24% | 0.60% | -0.07% | 0.90% | 0.29% | 0.34% | 0.46% | 0.32% | 5.06% |
| 2024 | 0.37% | -0.44% | 0.31% | -0.37% | 0.72% | 0.57% | 1.19% | 0.88% | 0.80% | -0.55% | 0.32% | 0.29% | 4.16% |
| 2023 | 0.77% | -0.78% | 1.66% | 0.23% | -0.35% | -0.52% | 0.32% | 0.44% | -0.08% | 0.33% | 1.06% | 1.15% | 4.28% |
| 2022 | -0.69% | -0.41% | -1.43% | -0.49% | 0.57% | -0.60% | 0.43% | -0.80% | -1.19% | -0.12% | 0.68% | 0.15% | -3.86% |
| 2021 | 0.01% | -0.05% | -0.04% | 0.04% | 0.10% | -0.19% | 0.18% | -0.03% | -0.12% | -0.31% | -0.06% | -0.20% | -0.66% |
Benchmark Metrics
Short Term Government Bond ETF List has an annualized alpha of 1.60%, beta of -0.01, and R² of 0.02 versus S&P 500 Index. Calculated based on daily prices since December 02, 2011.
- This portfolio captured 4.08% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -1.47%) — a profile typical of hedging or uncorrelated assets.
- Beta of -0.01 may look defensive, but with R² of 0.02 this portfolio is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this portfolio's risk.
- R² of 0.02 means this portfolio moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 1.60%
- Beta
- -0.01
- R²
- 0.02
- Upside Capture
- 4.08%
- Downside Capture
- -1.47%
Expense Ratio
Short Term Government Bond ETF List has an expense ratio of 0.04%, which is considered low. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.
Return for Risk
Risk / Return Rank
Short Term Government Bond ETF List ranks 95 for risk / return — in the top 95% of portfolios on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.64 | 0.88 | +1.76 |
Sortino ratioReturn per unit of downside risk | 4.21 | 1.37 | +2.85 |
Omega ratioGain probability vs. loss probability | 1.56 | 1.21 | +0.35 |
Calmar ratioReturn relative to maximum drawdown | 4.32 | 1.39 | +2.93 |
Martin ratioReturn relative to average drawdown | 16.21 | 6.43 | +9.78 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.
| Risk / Return Rank | Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|---|
VSBSX Vanguard Short-Term Treasury Index Fund Admiral Shares | 95 | 2.31 | 3.51 | 1.49 | 4.02 | 14.79 |
VGSH Vanguard Short-Term Treasury ETF | 95 | 2.67 | 4.30 | 1.58 | 4.26 | 16.01 |
SPTS SPDR Portfolio Short Term Treasury ETF | 96 | 2.60 | 4.12 | 1.56 | 4.55 | 17.03 |
SHY iShares 1-3 Year Treasury Bond ETF | 95 | 2.57 | 4.23 | 1.54 | 4.08 | 15.52 |
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Dividends
Dividend yield
Short Term Government Bond ETF List provided a 3.86% dividend yield over the last twelve months.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 3.86% | 3.99% | 4.27% | 3.42% | 1.19% | 0.47% | 1.33% | 2.25% | 1.89% | 1.14% | 0.87% | 0.75% |
| Portfolio components: | ||||||||||||
VSBSX Vanguard Short-Term Treasury Index Fund Admiral Shares | 3.58% | 3.98% | 4.50% | 3.29% | 1.12% | 0.63% | 1.72% | 2.26% | 1.80% | 1.10% | 0.76% | 0.71% |
VGSH Vanguard Short-Term Treasury ETF | 3.92% | 4.00% | 4.18% | 3.31% | 1.15% | 0.66% | 1.74% | 2.28% | 1.79% | 1.10% | 0.84% | 0.69% |
SPTS SPDR Portfolio Short Term Treasury ETF | 3.94% | 3.99% | 4.25% | 3.61% | 1.27% | 0.19% | 0.70% | 2.21% | 2.04% | 1.20% | 0.95% | 0.83% |
SHY iShares 1-3 Year Treasury Bond ETF | 3.72% | 3.81% | 3.92% | 2.99% | 1.30% | 0.26% | 0.94% | 2.12% | 1.72% | 0.98% | 0.71% | 0.54% |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Short Term Government Bond ETF List. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Short Term Government Bond ETF List was 5.70%, occurring on Oct 20, 2022. Recovery took 393 trading sessions.
The current Short Term Government Bond ETF List drawdown is 0.48%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -5.7% | Aug 4, 2021 | 307 | Oct 20, 2022 | 393 | May 15, 2024 | 700 |
| -2.44% | Sep 2, 2014 | 9 | Sep 12, 2014 | 442 | Jun 15, 2016 | 451 |
| -1.4% | Jul 6, 2016 | 115 | Dec 15, 2016 | 176 | Aug 29, 2017 | 291 |
| -1.38% | Sep 8, 2017 | 173 | May 16, 2018 | 147 | Dec 14, 2018 | 320 |
| -0.91% | Apr 30, 2013 | 91 | Sep 6, 2013 | 32 | Oct 22, 2013 | 123 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Diversification
Diversification Metrics
Number of Effective Assets
The portfolio contains 4 assets, with an effective number of assets of 2.84, reflecting the diversification based on asset allocation. This number of effective assets suggests a highly concentrated portfolio, where a few assets dominate the allocation, potentially increasing the portfolio's risk due to lack of diversification.
Asset Correlations Table
| Benchmark | SPTS | VSBSX | SHY | VGSH | Portfolio | |
|---|---|---|---|---|---|---|
| Benchmark | 1.00 | -0.13 | -0.12 | -0.10 | -0.13 | -0.14 |
| SPTS | -0.13 | 1.00 | 0.70 | 0.71 | 0.70 | 0.94 |
| VSBSX | -0.12 | 0.70 | 1.00 | 0.86 | 0.82 | 0.83 |
| SHY | -0.10 | 0.71 | 0.86 | 1.00 | 0.84 | 0.83 |
| VGSH | -0.13 | 0.70 | 0.82 | 0.84 | 1.00 | 0.87 |
| Portfolio | -0.14 | 0.94 | 0.83 | 0.83 | 0.87 | 1.00 |