SPTL vs. IBTE

Last updated Jun 4, 2026

SPTL (SPDR Portfolio Long Term Treasury ETF) and IBTE (iShares iBonds Dec 2024 Term Treasury ETF) are both Government Bonds funds - SPTL tracks the Bloomberg Long U.S. Treasury Index while IBTE tracks the ICE 2024 Maturity US Treasury Index. Both are passively managed. SPTL charges 0.03%/yr vs 0.07%/yr for IBTE.

Performance

SPTL vs. IBTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Portfolio Long Term Treasury ETF (SPTL) and iShares iBonds Dec 2024 Term Treasury ETF (IBTE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SPTL

• 1D: -0.38%
• 1M: 0.71%
• YTD: -0.38%
• 6M: -1.67%
• 1Y: 5.22%
• 3Y*: -0.70%
• 5Y*: -5.32%
• 10Y*: -1.12%

IBTE

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SPTL vs. IBTE - Yearly Performance Comparison

	2026 (YTD)
SPTL SPDR Portfolio Long Term Treasury ETF	-0.99%
IBTE iShares iBonds Dec 2024 Term Treasury ETF	0.00%

Return for Risk

SPTL vs. IBTE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPTL

SPTL Risk / Return Rank: 17
SPTL Sharpe Ratio Rank: 18
SPTL Sortino Ratio Rank: 17
SPTL Omega Ratio Rank: 16
SPTL Calmar Ratio Rank: 18
SPTL Martin Ratio Rank: 18

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPTL vs. IBTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Long Term Treasury ETF (SPTL) and iShares iBonds Dec 2024 Term Treasury ETF (IBTE). 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.

	SPTL	IBTE	Difference
Sharpe ratio: Return per unit of total volatility	0.59	—	—
Sortino ratio: Return per unit of downside risk	0.90	—	—
Omega ratio: Gain probability vs. loss probability	1.10	—	—
Calmar ratio: Return relative to maximum drawdown	0.74	—	—
Martin ratio: Return relative to average drawdown	1.94	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SPTL	IBTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.59	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.37	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.08	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	—	—

Drawdowns

SPTL vs. IBTE - Drawdown Comparison

The maximum SPTL drawdown since its inception was -46.20%, which is greater than IBTE's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for SPTL and IBTE.

Drawdown Indicators

	SPTL	IBTE	Difference
Max Drawdown Largest peak-to-trough decline	-46.20%	0.00%	-46.20%
Max Drawdown (1Y) Largest decline over 1 year	-7.04%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-17.55%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-41.02%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-46.20%	—	—
Current Drawdown Current decline from peak	-36.87%	0.00%	-36.87%
Average Drawdown Average peak-to-trough decline	-14.24%	0.00%	-14.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.69%	—	—

Volatility

Volatility by Period

	SPTL	IBTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.63%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.97%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.92%	0.00%	+8.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.63%	0.00%	+14.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.95%	0.00%	+13.95%

SPTL vs. IBTE - Expense Ratio Comparison

SPTL has a 0.03% expense ratio, which is lower than IBTE's 0.07% 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%.

Dividends

SPTL vs. IBTE - Dividend Comparison

SPTL's dividend yield for the trailing twelve months is around 4.21%, while IBTE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IBTE iShares iBonds Dec 2024 Term Treasury ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPTL SPDR Portfolio Long Term Treasury ETF	4.21%	4.12%	4.03%	3.24%	2.75%	1.68%	1.71%	2.45%	2.69%	2.53%	2.56%	2.60%

Frequently Asked Questions

Which ETF is better, SPTL or IBTE?

On fees, SPTL is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPTL or IBTE?

SPTL is cheaper with a 0.03% expense ratio, compared with 0.07% for IBTE.

Which ETF pays a higher dividend yield, SPTL or IBTE?

SPTL has the higher dividend yield at 4.21%, compared with 0.00% for IBTE.

What is the main difference between SPTL and IBTE?

SPTL tracks Bloomberg Long U.S. Treasury Index, while IBTE tracks ICE 2024 Maturity US Treasury Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.03% for SPTL and 0.07% for IBTE.