BLTD vs. SPTL

Last updated Jun 4, 2026

BLTD (Bluemonte Long Term Bond ETF) and SPTL (SPDR Portfolio Long Term Treasury ETF) are both exchange-traded funds - BLTD is a Long-Term Bond fund managed by Bluemonte, while SPTL is a Government Bonds fund tracking the Bloomberg Long U.S. Treasury Index. With a 0.97 correlation, they move nearly in lockstep. BLTD charges 0.23%/yr vs 0.03%/yr for SPTL.

Performance

BLTD vs. SPTL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bluemonte Long Term Bond ETF (BLTD) and SPDR Portfolio Long Term Treasury ETF (SPTL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BLTD achieves a 0.26% return, which is significantly higher than SPTL's -0.38% return.

BLTD

• 1D: -0.32%
• 1M: 0.87%
• YTD: 0.26%
• 6M: -0.57%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPTL

• 1D: -0.38%
• 1M: 0.71%
• YTD: -0.38%
• 6M: -1.67%
• 1Y: 5.22%
• 3Y*: -0.70%
• 5Y*: -5.32%
• 10Y*: -1.12%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BLTD vs. SPTL - Yearly Performance Comparison

	2026 (YTD)	2025
BLTD Bluemonte Long Term Bond ETF	0.26%	3.91%
SPTL SPDR Portfolio Long Term Treasury ETF	-0.38%	3.52%

Correlation

The correlation between BLTD and SPTL is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 24, 2025	0.97

Return for Risk

BLTD vs. SPTL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPTL

SPTL Risk / Return Rank: 17
SPTL Sharpe Ratio Rank: 18
SPTL Sortino Ratio Rank: 17
SPTL Omega Ratio Rank: 16
SPTL Calmar Ratio Rank: 18
SPTL Martin Ratio Rank: 18

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BLTD vs. SPTL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bluemonte Long Term Bond ETF (BLTD) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BLTD	SPTL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.59	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.37	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.08	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.24	+0.41

Drawdowns

BLTD vs. SPTL - Drawdown Comparison

The maximum BLTD drawdown since its inception was -4.80%, smaller than the maximum SPTL drawdown of -46.20%. Use the drawdown chart below to compare losses from any high point for BLTD and SPTL.

Drawdown Indicators

	BLTD	SPTL	Difference
Max Drawdown Largest peak-to-trough decline	-4.80%	-46.20%	+41.40%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.04%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-17.55%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-41.02%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-46.20%	—
Current Drawdown Current decline from peak	-2.48%	-36.87%	+34.39%
Average Drawdown Average peak-to-trough decline	-1.57%	-14.24%	+12.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.69%	—

Volatility

Volatility by Period

	BLTD	SPTL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.63%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.97%	—
Volatility (1Y) Calculated over the trailing 1-year period	6.84%	8.92%	-2.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.84%	14.63%	-7.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.84%	13.95%	-7.11%

BLTD vs. SPTL - Expense Ratio Comparison

BLTD has a 0.23% expense ratio, which is higher than SPTL's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

BLTD vs. SPTL - Dividend Comparison

BLTD's dividend yield for the trailing twelve months is around 3.93%, less than SPTL's 4.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BLTD Bluemonte Long Term Bond ETF	3.93%	2.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPTL SPDR Portfolio Long Term Treasury ETF	4.21%	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

Can I hold both BLTD and SPTL in my portfolio?

With a correlation of 0.97, BLTD and SPTL move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, BLTD or SPTL?

On fees, SPTL is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BLTD or SPTL?

SPTL is cheaper with a 0.03% expense ratio, compared with 0.23% for BLTD.

Which ETF pays a higher dividend yield, BLTD or SPTL?

SPTL has the higher dividend yield at 4.21%, compared with 3.93% for BLTD.

What is the main difference between BLTD and SPTL?

BLTD is categorized as Long-Term Bond, while SPTL is Government Bonds. They also come from different issuers: Bluemonte and State Street. Their fees differ too: 0.23% for BLTD and 0.03% for SPTL.