EMNT vs. SPTU
EMNT (PIMCO Enhanced Short Maturity Active ESG ETF) and SPTU (State Street SPDR Portfolio Ultra Short T-Bill ETF) are both Ultrashort Bond funds. EMNT is actively managed, while SPTU is passively managed. At a 0.20 correlation, their price movements are largely independent. EMNT charges 0.24%/yr vs 0.05%/yr for SPTU.
Performance
EMNT vs. SPTU - Performance Comparison
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Returns By Period
In the year-to-date period, EMNT achieves a 1.64% return, which is significantly higher than SPTU's 1.48% return.
EMNT
- 1D
- -0.02%
- 1M
- 0.39%
- YTD
- 1.64%
- 6M
- 1.97%
- 1Y
- 4.38%
- 3Y*
- 5.24%
- 5Y*
- 3.43%
- 10Y*
- —
SPTU
- 1D
- 0.00%
- 1M
- 0.31%
- YTD
- 1.48%
- 6M
- 1.81%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EMNT vs. SPTU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EMNT PIMCO Enhanced Short Maturity Active ESG ETF | 1.64% | 0.95% |
SPTU State Street SPDR Portfolio Ultra Short T-Bill ETF | 1.48% | 0.92% |
Correlation
The correlation between EMNT and SPTU is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 9, 2025 | 0.20 |
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Return for Risk
EMNT vs. SPTU — Risk / Return Rank
EMNT
SPTU
EMNT vs. SPTU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Enhanced Short Maturity Active ESG ETF (EMNT) 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.
| EMNT | SPTU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 5.63 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 33.45 | — | — |
| Martin ratioReturn relative to average drawdown | 235.99 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EMNT | SPTU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 10.63 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 4.18 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.51 | 11.82 | -8.31 |
Drawdowns
EMNT vs. SPTU - Drawdown Comparison
The maximum EMNT drawdown since its inception was -2.28%, which is greater than SPTU's maximum drawdown of -0.04%. Use the drawdown chart below to compare losses from any high point for EMNT and SPTU.
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Drawdown Indicators
| EMNT | SPTU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.28% | -0.04% | -2.24% |
Max Drawdown (1Y)Largest decline over 1 year | -0.13% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -0.73% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -1.70% | — | — |
Current DrawdownCurrent decline from peak | -0.02% | 0.00% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -0.23% | -0.00% | -0.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | — | — |
Volatility
EMNT vs. SPTU - Volatility Comparison
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Volatility by Period
| EMNT | SPTU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.14% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 0.34% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.41% | 0.32% | +0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.83% | 0.32% | +0.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.86% | 0.32% | +0.54% |
EMNT vs. SPTU - Expense Ratio Comparison
EMNT has a 0.24% expense ratio, which is higher than SPTU's 0.05% 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
EMNT vs. SPTU - Dividend Comparison
EMNT's dividend yield for the trailing twelve months is around 4.00%, more than SPTU's 2.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
EMNT PIMCO Enhanced Short Maturity Active ESG ETF | 4.00% | 4.46% | 5.14% | 4.62% | 2.79% | 0.66% | 1.44% |
SPTU State Street SPDR Portfolio Ultra Short T-Bill ETF | 2.36% | 0.89% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EMNT and SPTU have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
SPTU is cheaper with a 0.05% expense ratio, compared with 0.24% for EMNT.
EMNT has the higher dividend yield at 4.00%, compared with 2.36% for SPTU.
They also come from different issuers: PIMCO and State Street. Their fees differ too: 0.24% for EMNT and 0.05% for SPTU.
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