SPTI vs. SPTS
Compare and contrast key facts about SPDR Portfolio Intermediate Term Treasury ETF (SPTI) and SPDR Portfolio Short Term Treasury ETF (SPTS).
SPTI and SPTS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPTI is a passively managed fund by State Street that tracks the performance of the Bloomberg Barclays U.S. 3-10 Year Treasury Bond Index. It was launched on May 23, 2007. SPTS is a passively managed fund by State Street that tracks the performance of the Bloomberg US Treasury (1-3 Y) (Inception 4/30/1996). It was launched on Nov 30, 2011. Both SPTI and SPTS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPTI or SPTS.
Key characteristics
| SPTI | SPTS | |
|---|---|---|
| YTD Return | -1.26% | 0.55% |
| 1Y Return | 0.19% | 3.07% |
| 3Y Return (Ann) | -2.88% | 0.04% |
| 5Y Return (Ann) | 0.00% | 1.07% |
| 10Y Return (Ann) | 0.85% | 1.05% |
| Sharpe Ratio | -0.05 | 1.43 |
| Daily Std Dev | 5.62% | 2.03% |
| Max Drawdown | -16.12% | -5.83% |
| Current Drawdown | -11.11% | -0.07% |
Correlation
The correlation between SPTI and SPTS is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SPTI vs. SPTS - Performance Comparison
In the year-to-date period, SPTI achieves a -1.26% return, which is significantly lower than SPTS's 0.55% return. Over the past 10 years, SPTI has underperformed SPTS with an annualized return of 0.85%, while SPTS has yielded a comparatively higher 1.05% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SPTI vs. SPTS - Expense Ratio Comparison
Both SPTI and SPTS have an expense ratio of 0.06%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
SPTI vs. SPTS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Intermediate Term Treasury ETF (SPTI) 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.
Dividends
SPTI vs. SPTS - Dividend Comparison
SPTI's dividend yield for the trailing twelve months is around 3.39%, less than SPTS's 4.02% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPTI SPDR Portfolio Intermediate Term Treasury ETF | 3.39% | 2.99% | 1.45% | 0.53% | 0.75% | 2.01% | 1.97% | 1.46% | 1.23% | 1.18% | 1.05% | 1.47% |
SPTS SPDR Portfolio Short Term Treasury ETF | 4.02% | 3.61% | 1.27% | 0.19% | 0.70% | 2.21% | 2.04% | 1.20% | 0.95% | 0.83% | 0.68% | 0.43% |
Drawdowns
SPTI vs. SPTS - Drawdown Comparison
The maximum SPTI drawdown since its inception was -16.12%, which is greater than SPTS's maximum drawdown of -5.83%. Use the drawdown chart below to compare losses from any high point for SPTI and SPTS. For additional features, visit the drawdowns tool.
Volatility
SPTI vs. SPTS - Volatility Comparison
SPDR Portfolio Intermediate Term Treasury ETF (SPTI) has a higher volatility of 1.09% compared to SPDR Portfolio Short Term Treasury ETF (SPTS) at 0.41%. This indicates that SPTI'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.