SPTS vs. BIL
Compare and contrast key facts about SPDR Portfolio Short Term Treasury ETF (SPTS) and SPDR Barclays 1-3 Month T-Bill ETF (BIL).
SPTS and BIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. BIL is a passively managed fund by State Street that tracks the performance of the Barclays Capital U.S. 1-3 Month Treasury Bill Index. It was launched on May 25, 2007. Both SPTS and BIL 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: SPTS or BIL.
Key characteristics
| SPTS | BIL | |
|---|---|---|
| YTD Return | -0.12% | 1.73% |
| 1Y Return | 2.45% | 5.28% |
| 3Y Return (Ann) | -0.16% | 2.66% |
| 5Y Return (Ann) | 1.00% | 1.92% |
| 10Y Return (Ann) | 1.03% | 1.27% |
| Sharpe Ratio | 1.06 | 19.83 |
| Daily Std Dev | 2.11% | 0.27% |
| Max Drawdown | -5.83% | -0.77% |
| Current Drawdown | -0.67% | 0.00% |
Correlation
The correlation between SPTS and BIL is 0.06, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
SPTS vs. BIL - Performance Comparison
In the year-to-date period, SPTS achieves a -0.12% return, which is significantly lower than BIL's 1.73% return. Over the past 10 years, SPTS has underperformed BIL with an annualized return of 1.03%, while BIL has yielded a comparatively higher 1.27% 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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SPTS vs. BIL - Expense Ratio Comparison
SPTS has a 0.06% expense ratio, which is lower than BIL's 0.14% 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%.
Risk-Adjusted Performance
SPTS vs. BIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Short Term Treasury ETF (SPTS) and SPDR Barclays 1-3 Month T-Bill ETF (BIL). 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
SPTS vs. BIL - Dividend Comparison
SPTS's dividend yield for the trailing twelve months is around 3.68%, less than BIL's 4.74% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPTS SPDR Portfolio Short Term Treasury ETF | 3.68% | 3.61% | 1.27% | 0.19% | 0.70% | 2.21% | 2.04% | 1.20% | 0.95% | 0.83% | 0.68% | 0.43% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 4.74% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% | 0.00% | 0.00% | 0.00% |
Drawdowns
SPTS vs. BIL - Drawdown Comparison
The maximum SPTS drawdown since its inception was -5.83%, which is greater than BIL's maximum drawdown of -0.77%. Use the drawdown chart below to compare losses from any high point for SPTS and BIL. For additional features, visit the drawdowns tool.
Volatility
SPTS vs. BIL - Volatility Comparison
SPDR Portfolio Short Term Treasury ETF (SPTS) has a higher volatility of 0.60% compared to SPDR Barclays 1-3 Month T-Bill ETF (BIL) at 0.07%. This indicates that SPTS's price experiences larger fluctuations and is considered to be riskier than BIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.