SPTI vs. TLT
Compare and contrast key facts about SPDR Portfolio Intermediate Term Treasury ETF (SPTI) and iShares 20+ Year Treasury Bond ETF (TLT).
SPTI and TLT 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. TLT is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Bond Index. It was launched on Jul 26, 2002. Both SPTI and TLT 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 TLT.
Performance
SPTI vs. TLT - Performance Comparison
Returns By Period
In the year-to-date period, SPTI achieves a 1.52% return, which is significantly higher than TLT's -5.20% return. Over the past 10 years, SPTI has outperformed TLT with an annualized return of 1.05%, while TLT has yielded a comparatively lower -0.32% annualized return.
SPTI
1.52%
-1.43%
2.74%
5.02%
-0.22%
1.05%
TLT
-5.20%
-3.05%
1.00%
4.14%
-6.00%
-0.32%
Key characteristics
| SPTI | TLT | |
|---|---|---|
| Sharpe Ratio | 1.02 | 0.32 |
| Sortino Ratio | 1.50 | 0.56 |
| Omega Ratio | 1.18 | 1.06 |
| Calmar Ratio | 0.38 | 0.11 |
| Martin Ratio | 3.03 | 0.77 |
| Ulcer Index | 1.67% | 6.23% |
| Daily Std Dev | 4.97% | 14.74% |
| Max Drawdown | -16.11% | -48.35% |
| Current Drawdown | -8.60% | -40.93% |
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SPTI vs. TLT - Expense Ratio Comparison
SPTI has a 0.06% expense ratio, which is lower than TLT's 0.15% 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%.
Correlation
The correlation between SPTI and TLT is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
SPTI vs. TLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Intermediate Term Treasury ETF (SPTI) and iShares 20+ Year Treasury Bond ETF (TLT). 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. TLT - Dividend Comparison
SPTI's dividend yield for the trailing twelve months is around 3.70%, less than TLT's 4.06% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPTI SPDR Portfolio Intermediate Term Treasury ETF | 3.70% | 2.99% | 1.45% | 0.53% | 0.76% | 2.01% | 1.97% | 1.46% | 1.24% | 1.18% | 1.05% | 1.47% |
TLT iShares 20+ Year Treasury Bond ETF | 4.06% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% | 3.26% |
Drawdowns
SPTI vs. TLT - Drawdown Comparison
The maximum SPTI drawdown since its inception was -16.11%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for SPTI and TLT. For additional features, visit the drawdowns tool.
Volatility
SPTI vs. TLT - Volatility Comparison
The current volatility for SPDR Portfolio Intermediate Term Treasury ETF (SPTI) is 1.20%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 4.65%. This indicates that SPTI experiences smaller price fluctuations and is considered to be less risky than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.