SPTL vs. VGLT
Compare and contrast key facts about SPDR Portfolio Long Term Treasury ETF (SPTL) and Vanguard Long-Term Treasury ETF (VGLT).
SPTL and VGLT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPTL is a passively managed fund by State Street that tracks the performance of the Bloomberg US Aggregate Government - Treasury - Long. It was launched on May 23, 2007. VGLT is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. Long Government Float Adjusted Index. It was launched on Nov 19, 2009. Both SPTL and VGLT 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: SPTL or VGLT.
Performance
SPTL vs. VGLT - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with SPTL having a -4.53% return and VGLT slightly higher at -4.50%. Over the past 10 years, SPTL has underperformed VGLT with an annualized return of -0.02%, while VGLT has yielded a comparatively higher 0.05% annualized return.
SPTL
-4.53%
-4.78%
1.03%
5.40%
-5.10%
-0.02%
VGLT
-4.50%
-4.70%
1.05%
5.38%
-5.09%
0.05%
Key characteristics
| SPTL | VGLT | |
|---|---|---|
| Sharpe Ratio | 0.49 | 0.49 |
| Sortino Ratio | 0.77 | 0.78 |
| Omega Ratio | 1.09 | 1.09 |
| Calmar Ratio | 0.16 | 0.16 |
| Martin Ratio | 1.21 | 1.21 |
| Ulcer Index | 5.45% | 5.47% |
| Daily Std Dev | 13.48% | 13.47% |
| Max Drawdown | -46.20% | -46.18% |
| Current Drawdown | -38.72% | -38.65% |
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SPTL vs. VGLT - Expense Ratio Comparison
SPTL has a 0.06% expense ratio, which is higher than VGLT's 0.04% 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%.
Correlation
The correlation between SPTL and VGLT is 0.98, 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
SPTL vs. VGLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Long Term Treasury ETF (SPTL) and Vanguard Long-Term Treasury ETF (VGLT). 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
SPTL vs. VGLT - Dividend Comparison
SPTL's dividend yield for the trailing twelve months is around 3.89%, less than VGLT's 4.12% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPTL SPDR Portfolio Long Term Treasury ETF | 3.89% | 3.24% | 2.75% | 1.68% | 1.71% | 2.45% | 2.69% | 2.53% | 2.56% | 2.60% | 2.64% | 2.98% |
VGLT Vanguard Long-Term Treasury ETF | 4.12% | 3.33% | 2.83% | 1.82% | 2.15% | 2.46% | 2.71% | 2.55% | 2.69% | 3.21% | 2.75% | 3.19% |
Drawdowns
SPTL vs. VGLT - Drawdown Comparison
The maximum SPTL drawdown since its inception was -46.20%, roughly equal to the maximum VGLT drawdown of -46.18%. Use the drawdown chart below to compare losses from any high point for SPTL and VGLT. For additional features, visit the drawdowns tool.
Volatility
SPTL vs. VGLT - Volatility Comparison
SPDR Portfolio Long Term Treasury ETF (SPTL) and Vanguard Long-Term Treasury ETF (VGLT) have volatilities of 4.32% and 4.29%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.