SPTB vs. XLK
Compare and contrast key facts about State Street SPDR Portfolio Treasury ETF (SPTB) and State Street Technology Select Sector SPDR ETF (XLK).
SPTB and XLK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPTB is a passively managed fund by State Street that tracks the performance of the Bloomberg U.S. Treasury Index. It was launched on May 20, 2024. XLK is a passively managed fund by State Street that tracks the performance of the S&P Technology Select Sector Daily Capped 35/20 Index. It was launched on Dec 16, 1998. Both SPTB and XLK are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
SPTB vs. XLK - Performance Comparison
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SPTB vs. XLK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SPTB State Street SPDR Portfolio Treasury ETF | 0.07% | 6.14% | 2.17% |
XLK State Street Technology Select Sector SPDR ETF | -6.18% | 24.61% | 8.88% |
Returns By Period
In the year-to-date period, SPTB achieves a 0.07% return, which is significantly higher than XLK's -6.18% return.
SPTB
- 1D
- -0.05%
- 1M
- -1.36%
- YTD
- 0.07%
- 6M
- 0.58%
- 1Y
- 2.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XLK
- 1D
- 1.51%
- 1M
- -3.20%
- YTD
- -6.18%
- 6M
- -4.94%
- 1Y
- 30.47%
- 3Y*
- 22.19%
- 5Y*
- 15.65%
- 10Y*
- 21.00%
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SPTB vs. XLK - Expense Ratio Comparison
SPTB has a 0.03% expense ratio, which is lower than XLK's 0.08% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
SPTB vs. XLK — Risk / Return Rank
SPTB
XLK
SPTB vs. XLK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR Portfolio Treasury ETF (SPTB) and State Street Technology Select Sector SPDR ETF (XLK). 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.
| SPTB | XLK | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.72 | 1.13 | -0.41 |
Sortino ratioReturn per unit of downside risk | 1.07 | 1.71 | -0.64 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.24 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.21 | 1.97 | -0.76 |
Martin ratioReturn relative to average drawdown | 3.09 | 6.31 | -3.21 |
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
| SPTB | XLK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.72 | 1.13 | -0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.64 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.87 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.01 | 0.36 | +0.65 |
Correlation
The correlation between SPTB and XLK is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
SPTB vs. XLK - Dividend Comparison
SPTB's dividend yield for the trailing twelve months is around 4.21%, more than XLK's 0.57% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPTB State Street SPDR Portfolio Treasury ETF | 4.21% | 4.23% | 2.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLK State Street Technology Select Sector SPDR ETF | 0.57% | 0.54% | 0.66% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% |
Drawdowns
SPTB vs. XLK - Drawdown Comparison
The maximum SPTB drawdown since its inception was -4.96%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for SPTB and XLK.
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Drawdown Indicators
| SPTB | XLK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.96% | -82.05% | +77.09% |
Max Drawdown (1Y)Largest decline over 1 year | -2.67% | -15.92% | +13.25% |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.56% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.56% | — |
Current DrawdownCurrent decline from peak | -1.80% | -11.04% | +9.24% |
Average DrawdownAverage peak-to-trough decline | -1.28% | -35.17% | +33.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 4.98% | -3.94% |
Volatility
SPTB vs. XLK - Volatility Comparison
The current volatility for State Street SPDR Portfolio Treasury ETF (SPTB) is 1.44%, while State Street Technology Select Sector SPDR ETF (XLK) has a volatility of 8.12%. This indicates that SPTB experiences smaller price fluctuations and is considered to be less risky than XLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPTB | XLK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.44% | 8.12% | -6.68% |
Volatility (6M)Calculated over the trailing 6-month period | 2.44% | 16.49% | -14.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.10% | 27.05% | -22.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.50% | 24.72% | -20.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.50% | 24.33% | -19.83% |