AM vs. SPTL
AM (Antero Midstream Corporation) is a stock, while SPTL (SPDR Portfolio Long Term Treasury ETF) is Government Bonds fund tracking the Bloomberg Long U.S. Treasury Index. Over the past 10 years, AM returned 7.23%/yr vs -1.24%/yr for SPTL. At a correlation of -0.11, they often move in opposite directions.
Performance
AM vs. SPTL - Performance Comparison
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Returns By Period
Over the past 10 years, AM has outperformed SPTL with an annualized return of 7.23%, while SPTL has yielded a comparatively lower -1.24% annualized return.
AM
- 1D
- 1.45%
- 1M
- -1.41%
- YTD
- 24.57%
- 6M
- 23.32%
- 1Y
- 24.37%
- 3Y*
- 33.49%
- 5Y*
- 23.97%
- 10Y*
- 7.23%
SPTL
- 1D
- -0.31%
- 1M
- 2.61%
- YTD
- 0.00%
- 6M
- 0.43%
- 1Y
- 4.20%
- 3Y*
- -0.28%
- 5Y*
- -5.55%
- 10Y*
- -1.24%
AM vs. SPTL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AM Antero Midstream Corporation | 24.57% | 24.37% | 28.46% | 25.73% | 21.98% | 39.55% | 27.59% | -60.29% | -22.28% | -2.32% |
SPTL SPDR Portfolio Long Term Treasury ETF | 0.00% | 5.28% | -6.23% | 3.30% | -29.44% | -4.99% | 18.07% | 13.74% | -1.57% | 9.01% |
Correlation
The correlation between AM and SPTL is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.09 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2014 | -0.11 |
The correlation between AM and SPTL shifts across timeframes, from -0.11 (all time) to 0.05 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
AM vs. SPTL — Risk / Return Rank
AM
SPTL
AM vs. SPTL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Antero Midstream Corporation (AM) and SPDR Portfolio Long Term Treasury ETF (SPTL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| AM | SPTL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.07 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | 0.46 | +1.49 |
| Martin ratioReturn relative to average drawdown | 4.00 | 1.17 | +2.83 |
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Drawdowns
AM vs. SPTL - Drawdown Comparison
The maximum AM drawdown since its inception was -93.01%, which is greater than SPTL's maximum drawdown of -46.20%. Use the drawdown chart below to compare losses from any high point for AM and SPTL.
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Drawdown Indicators
| AM | SPTL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.01% | -46.20% | -46.81% |
Max Drawdown (1Y)Largest decline over 1 year | -12.67% | -7.04% | -5.63% |
Max Drawdown (3Y)Largest decline over 3 years | -13.98% | -17.55% | +3.57% |
Max Drawdown (5Y)Largest decline over 5 years | -21.91% | -41.02% | +19.11% |
Max Drawdown (10Y)Largest decline over 10 years | -93.01% | -46.20% | -46.81% |
Current DrawdownCurrent decline from peak | -7.22% | -36.63% | +29.41% |
Average DrawdownAverage peak-to-trough decline | -31.88% | -14.27% | -17.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.16% | 2.79% | +3.37% |
Volatility
AM vs. SPTL - Volatility Comparison
Antero Midstream Corporation (AM) has a higher volatility of 5.60% compared to SPDR Portfolio Long Term Treasury ETF (SPTL) at 2.73%. This indicates that AM's price experiences larger fluctuations and is considered to be riskier than SPTL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AM | SPTL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.60% | 2.73% | +2.87% |
Volatility (6M)Calculated over the trailing 6-month period | 14.22% | 6.12% | +8.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.77% | 8.83% | +11.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.53% | 14.61% | +11.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.97% | 13.95% | +28.02% |
Dividends
AM vs. SPTL - Dividend Comparison
AM's dividend yield for the trailing twelve months is around 4.15%, less than SPTL's 4.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AM Antero Midstream Corporation | 4.15% | 5.06% | 5.96% | 7.18% | 8.34% | 10.15% | 15.95% | 18.28% | 7.53% | 4.27% | 3.14% | 2.93% |
SPTL SPDR Portfolio Long Term Treasury ETF | 4.20% | 4.12% | 4.03% | 3.24% | 2.75% | 1.68% | 1.71% | 2.45% | 2.69% | 2.53% | 2.56% | 2.60% |
Frequently Asked Questions
AM and SPTL have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AM has higher volatility (5.60%) compared to SPTL (2.73%). In terms of maximum drawdown, AM dropped -93.01% vs SPTL's -46.20%.
AM currently has the higher Sharpe Ratio (1.19 vs 0.37), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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