LDRC vs. SPTS
LDRC (iShares iBonds 1-5 Year Corporate Ladder ETF) and SPTS (SPDR Portfolio Short Term Treasury ETF) are both exchange-traded funds - LDRC is a Short-Term Bond fund tracking the BlackRock iBonds 1-5 Year Corporate Ladder Index, while SPTS is a Government Bonds fund tracking the Bloomberg 1-3 Year U.S. Treasury Index. Both are passively managed. Over the past year, LDRC returned 3.12% vs 2.62% for SPTS. Their 0.64 correlation means they have sometimes moved together and sometimes differently. LDRC charges 0.10%/yr vs 0.03%/yr for SPTS.
Performance
LDRC vs. SPTS - Performance Comparison
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Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with LDRC at 0.75% and SPTS at 0.75%.
LDRC
- 1D
- -0.16%
- 1M
- -0.50%
- 6M
- 0.51%
- YTD
- 0.75%
- 1Y
- 3.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.26%
SPTS
- 1D
- -0.07%
- 1M
- 0.00%
- 6M
- 0.58%
- YTD
- 0.75%
- 1Y
- 2.62%
- 3Y*
- 4.34%
- 5Y*
- 1.87%
- 10Y*
- 1.64%
- ALL TIME*
- 1.44%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $277.08K | $298.53K | $510.97K | |
| $23.39M | $28.59M | $39.91M |
LDRC vs. SPTS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
LDRC iShares iBonds 1-5 Year Corporate Ladder ETF | 0.75% | 6.33% | 0.31% |
SPTS SPDR Portfolio Short Term Treasury ETF | 0.75% | 5.05% | 0.69% |
Correlation
The correlation between LDRC and SPTS is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.66 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2024 | 0.64 |
The correlation between LDRC and SPTS has been stable across timeframes, ranging from 0.64 to 0.66 - a consistent structural relationship.
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Return for Risk
LDRC vs. SPTS — Risk / Return Rank
LDRC
SPTS
LDRC vs. SPTS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 1-5 Year Corporate Ladder ETF (LDRC) and SPDR Portfolio Short Term Treasury ETF (SPTS). 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.
| LDRC | SPTS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.48 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.62 | 3.76 | -0.13 |
| Martin ratioReturn relative to average drawdown | 9.87 | 14.64 | -4.78 |
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Drawdowns
LDRC vs. SPTS - Drawdown Comparison
The maximum LDRC drawdown since its inception was -1.00%, smaller than the maximum SPTS drawdown of -5.83%. Use the drawdown chart below to compare losses from any high point for LDRC and SPTS.
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Drawdown Indicators
| LDRC | SPTS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.00% | -5.83% | +4.83% |
Max Drawdown (1Y)Largest decline over 1 year | -1.00% | -0.84% | -0.16% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.96% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -5.71% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -5.71% | — |
Current DrawdownCurrent decline from peak | -0.50% | -0.07% | -0.43% |
Average DrawdownAverage peak-to-trough decline | -0.25% | -1.70% | +1.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.37% | 0.21% | +0.16% |
Volatility
LDRC vs. SPTS - Volatility Comparison
iShares iBonds 1-5 Year Corporate Ladder ETF (LDRC) has a higher volatility of 0.60% compared to SPDR Portfolio Short Term Treasury ETF (SPTS) at 0.41%. This indicates that LDRC's price experiences larger fluctuations and is considered to be riskier than SPTS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LDRC | SPTS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.60% | 0.41% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 1.26% | 1.00% | +0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.22% | 1.34% | +0.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.45% | 2.00% | +0.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.45% | 1.70% | +0.75% |
LDRC vs. SPTS - Expense Ratio Comparison
LDRC has a 0.10% expense ratio, which is higher than SPTS'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
LDRC vs. SPTS - Dividend Comparison
LDRC's dividend yield for the trailing twelve months is around 4.22%, more than SPTS's 3.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LDRC iShares iBonds 1-5 Year Corporate Ladder ETF | 4.22% | 4.22% | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPTS SPDR Portfolio Short Term Treasury ETF | 3.54% | 3.99% | 4.25% | 3.61% | 1.27% | 0.19% | 0.70% | 2.21% | 2.04% | 1.20% | 0.95% | 0.83% |
Frequently Asked Questions
LDRC and SPTS have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LDRC has higher volatility (0.60%) compared to SPTS (0.41%). In terms of maximum drawdown, LDRC dropped -1.00% vs SPTS's -5.83%.
On 1-year performance, LDRC leads with 3.12% vs 2.62% for SPTS. On fees, SPTS is cheaper at 0.03% per year. On volatility, SPTS has been the lower-risk option at 0.41%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, LDRC has performed better with a 3.12% return vs 2.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPTS is cheaper with a 0.03% expense ratio, compared with 0.10% for LDRC.
LDRC has the higher dividend yield at 4.22%, compared with 3.54% for SPTS.
LDRC is categorized as Short-Term Bond, while SPTS is Government Bonds. LDRC tracks BlackRock iBonds 1-5 Year Corporate Ladder Index, while SPTS tracks Bloomberg 1-3 Year U.S. Treasury Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.10% for LDRC and 0.03% for SPTS.
SPTS currently has the higher Sharpe Ratio (2.35 vs 1.63), 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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