CUSD vs. SPTU

Last updated Jun 4, 2026

CUSD (CrossingBridge Ultra-Short Duration ETF) and SPTU (State Street SPDR Portfolio Ultra Short T-Bill ETF) are both Ultrashort Bond funds. CUSD is actively managed, while SPTU is passively managed. At a 0.01 correlation, their price movements are largely independent. CUSD charges 0.81%/yr vs 0.05%/yr for SPTU.

Performance

CUSD vs. SPTU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CrossingBridge Ultra-Short Duration ETF (CUSD) and State Street SPDR Portfolio Ultra Short T-Bill ETF (SPTU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with CUSD having a 1.42% return and SPTU slightly higher at 1.48%.

CUSD

• 1D: -0.13%
• 1M: -0.39%
• YTD: 1.42%
• 6M: 0.90%
• 1Y: 3.46%
• 3Y*: 4.69%
• 5Y*: —
• 10Y*: —

SPTU

• 1D: 0.00%
• 1M: 0.31%
• YTD: 1.48%
• 6M: 1.81%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CUSD vs. SPTU - Yearly Performance Comparison

	2026 (YTD)	2025
CUSD CrossingBridge Ultra-Short Duration ETF	1.42%	-0.12%
SPTU State Street SPDR Portfolio Ultra Short T-Bill ETF	1.48%	0.92%

Correlation

The correlation between CUSD and SPTU is 0.01, 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 (All Time) Calculated using the full available price history since Oct 9, 2025	0.01

Return for Risk

CUSD vs. SPTU — Risk / Return Rank

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

CUSD

CUSD Risk / Return Rank: 15
CUSD Sharpe Ratio Rank: 12
CUSD Sortino Ratio Rank: 12
CUSD Omega Ratio Rank: 14
CUSD Calmar Ratio Rank: 17
CUSD Martin Ratio Rank: 17

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.

CUSD vs. SPTU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CrossingBridge Ultra-Short Duration ETF (CUSD) and State Street SPDR Portfolio Ultra Short T-Bill ETF (SPTU). 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.

	CUSD	SPTU	Difference
Sharpe ratio Return per unit of total volatility	0.25	—	—
Sortino ratio Return per unit of downside risk	0.49	—	—
Omega ratio Gain probability vs. loss probability	1.08	—	—
Calmar ratio Return relative to maximum drawdown	0.64	—	—
Martin ratio Return relative to average drawdown	1.69	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	CUSD	SPTU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.25	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	11.82	-11.17

Drawdowns

CUSD vs. SPTU - Drawdown Comparison

The maximum CUSD drawdown since its inception was -5.42%, which is greater than SPTU's maximum drawdown of -0.04%. Use the drawdown chart below to compare losses from any high point for CUSD and SPTU.

Drawdown Indicators

	CUSD	SPTU	Difference
Max Drawdown Largest peak-to-trough decline	-5.42%	-0.04%	-5.38%
Max Drawdown (1Y) Largest decline over 1 year	-5.42%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-5.42%	—	—
Current Drawdown Current decline from peak	-2.75%	0.00%	-2.75%
Average Drawdown Average peak-to-trough decline	-0.46%	-0.00%	-0.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.06%	—	—

Volatility

Volatility by Period

	CUSD	SPTU	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.38%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.95%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.67%	0.32%	+13.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.03%	0.32%	+6.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.03%	0.32%	+6.71%

CUSD vs. SPTU - Expense Ratio Comparison

CUSD has a 0.81% expense ratio, which is higher than SPTU's 0.05% expense ratio.

Dividends

CUSD vs. SPTU - Dividend Comparison

CUSD's dividend yield for the trailing twelve months is around 13.85%, more than SPTU's 2.36% yield.

Position	TTM	2025	2024	2023	2022
CUSD CrossingBridge Ultra-Short Duration ETF	13.85%	14.05%	7.10%	3.62%	1.14%
SPTU State Street SPDR Portfolio Ultra Short T-Bill ETF	2.36%	0.89%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CUSD and SPTU in my portfolio?

CUSD and SPTU have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CUSD or SPTU?

On fees, SPTU is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CUSD or SPTU?

SPTU is cheaper with a 0.05% expense ratio, compared with 0.81% for CUSD.

Which ETF pays a higher dividend yield, CUSD or SPTU?

CUSD has the higher dividend yield at 13.85%, compared with 2.36% for SPTU.

What is the main difference between CUSD and SPTU?

They also come from different issuers: CrossingBridge and State Street. Their fees differ too: 0.81% for CUSD and 0.05% for SPTU.