SPTS vs. BNDD
Compare and contrast key facts about SPDR Portfolio Short Term Treasury ETF (SPTS) and Quadratic Deflation ETF (BNDD).
SPTS and BNDD 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 U.S. Treasury 1-3 Year Index. It was launched on Nov 30, 2011. BNDD is an actively managed fund by Quadratic. It was launched on Sep 16, 2021.
Performance
SPTS vs. BNDD - Performance Comparison
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SPTS vs. BNDD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SPTS SPDR Portfolio Short Term Treasury ETF | 0.29% | 5.05% | 4.20% | 4.27% | -3.86% | -0.71% |
BNDD Quadratic Deflation ETF | 3.22% | -8.17% | -6.65% | 4.02% | -17.48% | 5.54% |
Returns By Period
In the year-to-date period, SPTS achieves a 0.29% return, which is significantly lower than BNDD's 3.22% return.
SPTS
- 1D
- 0.07%
- 1M
- -0.43%
- YTD
- 0.29%
- 6M
- 1.46%
- 1Y
- 3.83%
- 3Y*
- 4.05%
- 5Y*
- 1.81%
- 10Y*
- 1.67%
BNDD
- 1D
- -0.66%
- 1M
- 0.24%
- YTD
- 3.22%
- 6M
- -0.19%
- 1Y
- -5.11%
- 3Y*
- -4.63%
- 5Y*
- —
- 10Y*
- —
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SPTS vs. BNDD - Expense Ratio Comparison
SPTS has a 0.03% expense ratio, which is lower than BNDD's 1.04% expense ratio.
Return for Risk
SPTS vs. BNDD — Risk / Return Rank
SPTS
BNDD
SPTS vs. BNDD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Short Term Treasury ETF (SPTS) and Quadratic Deflation ETF (BNDD). 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.
| SPTS | BNDD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.58 | -0.41 | +3.00 |
Sortino ratioReturn per unit of downside risk | 4.09 | -0.48 | +4.57 |
Omega ratioGain probability vs. loss probability | 1.55 | 0.94 | +0.61 |
Calmar ratioReturn relative to maximum drawdown | 4.64 | -0.37 | +5.02 |
Martin ratioReturn relative to average drawdown | 17.61 | -0.56 | +18.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPTS | BNDD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.58 | -0.41 | +3.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.97 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | -0.35 | +0.84 |
Correlation
The correlation between SPTS and BNDD is 0.13, 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.
Dividends
SPTS vs. BNDD - Dividend Comparison
SPTS's dividend yield for the trailing twelve months is around 3.97%, more than BNDD's 3.64% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPTS SPDR Portfolio Short Term Treasury ETF | 3.97% | 3.99% | 4.25% | 3.61% | 1.27% | 0.19% | 0.70% | 2.21% | 2.04% | 1.20% | 0.95% | 0.83% |
BNDD Quadratic Deflation ETF | 3.64% | 3.82% | 3.85% | 4.30% | 43.17% | 1.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SPTS vs. BNDD - Drawdown Comparison
The maximum SPTS drawdown since its inception was -5.83%, smaller than the maximum BNDD drawdown of -30.87%. Use the drawdown chart below to compare losses from any high point for SPTS and BNDD.
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Drawdown Indicators
| SPTS | BNDD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.83% | -30.87% | +25.04% |
Max Drawdown (1Y)Largest decline over 1 year | -0.84% | -10.93% | +10.09% |
Max Drawdown (5Y)Largest decline over 5 years | -5.71% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -5.71% | — | — |
Current DrawdownCurrent decline from peak | -0.43% | -27.28% | +26.85% |
Average DrawdownAverage peak-to-trough decline | -1.74% | -19.03% | +17.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.22% | 7.26% | -7.04% |
Volatility
SPTS vs. BNDD - Volatility Comparison
The current volatility for SPDR Portfolio Short Term Treasury ETF (SPTS) is 0.50%, while Quadratic Deflation ETF (BNDD) has a volatility of 3.52%. This indicates that SPTS experiences smaller price fluctuations and is considered to be less risky than BNDD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPTS | BNDD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.50% | 3.52% | -3.02% |
Volatility (6M)Calculated over the trailing 6-month period | 0.88% | 8.09% | -7.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.49% | 12.44% | -10.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.98% | 13.55% | -11.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.73% | 13.55% | -11.82% |