- Issuer
- State Street
- Inception Date
- May 20, 2024
- Region
- North America (U.S.)
- Category
- Government Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- Bloomberg U.S. Treasury Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $281M
Share Price Chart
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Performance
SPTB Performance Chart
State Street SPDR Portfolio Treasury ETF (SPTB) is up 0.1% since the beginning of the year. SPTB is currently trading at $30 per share.
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Returns By Period
State Street SPDR Portfolio Treasury ETF (SPTB) has returned 0.08% so far this year and 3.31% over the past 12 months.
State Street SPDR Portfolio Treasury ETF
- 1D
- -0.24%
- 1M
- 0.42%
- YTD
- 0.08%
- 6M
- 0.14%
- 1Y
- 3.31%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
SPTB Monthly Returns History
Based on dividend-adjusted daily data since May 21, 2024, SPTB's average daily return is +0.02%, while the average monthly return is +0.32%. At this rate, an investment would double in approximately 18.1 years.
Historically, 65% of months were positive and 35% were negative. The best month was Feb 2025 with a return of +2.3%, while the worst month was Oct 2024 at -2.3%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 2 months.
On a daily basis, SPTB closed higher 51% of trading days. The best single day was Aug 2, 2024 with a return of +1.3%, while the worst single day was Apr 7, 2025 at -1.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.12% | 1.80% | -1.75% | -0.02% | 0.05% | -0.08% | 0.08% | ||||||
| 2025 | 0.36% | 2.27% | 0.25% | 0.74% | -1.16% | 1.32% | -0.42% | 1.10% | 0.78% | 0.66% | 0.63% | -0.53% | 6.14% |
| 2024 | -0.33% | 1.08% | 2.13% | 1.33% | 1.17% | -2.31% | 0.74% | -1.58% | 2.17% |
Benchmark Metrics
State Street SPDR Portfolio Treasury ETF has an annualized alpha of 4.20%, beta of -0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since May 21, 2024.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (15.29%) than losses (9.17%) - typical of diversified or defensive assets.
- Beta of -0.00 may look defensive, but with R2 of 0.00 this ETF 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 ETF's risk.
- R2 of 0.00 means this ETF 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
- 4.20%
- Beta
- -0.00
- R²
- 0.00
- Upside Capture
- 15.29%
- Downside Capture
- 9.17%
Expense Ratio
SPTB has an expense ratio of 0.03%, which is considered low.
Return for Risk
Risk / Return Rank
SPTB ranks 25 for risk / return — below 25% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for State Street SPDR Portfolio Treasury ETF (SPTB) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SPTB | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.10 | ||
| Sortino ratioReturn per unit of downside risk | -1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.37 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.14 | 2.78 | -1.64 |
| Martin ratioReturn relative to average drawdown | 3.15 | 12.44 | -9.29 |
Dividends
Dividend History
State Street SPDR Portfolio Treasury ETF provided a 4.19% dividend yield over the last twelve months, with an annual payout of $1.26 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $1.26 | $1.29 | $0.82 |
Dividend yield | 4.19% | 4.23% | 2.76% |
Monthly Dividends
The table displays the monthly dividend distributions for State Street SPDR Portfolio Treasury ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.11 | $0.10 | $0.10 | $0.10 | $0.10 | $0.51 | ||||||
| 2025 | $0.00 | $0.11 | $0.10 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.21 | $1.29 |
| 2024 | $0.04 | $0.11 | $0.12 | $0.11 | $0.11 | $0.11 | $0.22 | $0.82 |
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 State Street SPDR Portfolio Treasury ETF. 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 State Street SPDR Portfolio Treasury ETF was 4.96%, occurring on Jan 14, 2025. Recovery took 56 trading sessions.
The current State Street SPDR Portfolio Treasury ETF drawdown is 1.80%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 pullback2025 | -4.96%Jan 2025 | 3mo 29d | 2mo 20d | 6mo 19dSep 2024 - Apr 2025 |
2026 pullback2026 | -2.90%May 2026 | 2mo 18d | — | 3mo 23dMar 2026 - now |
2025 selloff2025 | -2.67%May 2025 | 1mo 14d | 2mo 12d | 3mo 26dApr 2025 - Aug 2025 |
2024 pullback2024 | -1.34%Jul 2024 | 14d | 10d | 24dJun 2024 - Jul 2024 |
2024 pullback2024 | -1.20%Aug 2024 | 2d | 13d | 15dAug 2024 - Aug 2024 |
Drawdown Indicators
| SPTB | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.96% | -56.78% | +51.82% |
Max Drawdown (1Y)Largest decline over 1 year | -2.90% | -9.10% | +6.20% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.80% | -1.80% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -1.33% | -10.71% | +9.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 2.03% | -0.98% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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