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SPTS vs. BSV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

SPTS vs. BSV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Portfolio Short Term Treasury ETF (SPTS) and Vanguard Short-Term Bond Index Fund ETF Shares (BSV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SPTS achieves a 0.41% return, which is significantly higher than BSV's 0.21% return. Over the past 10 years, SPTS has underperformed BSV with an annualized return of 1.61%, while BSV has yielded a comparatively higher 1.90% annualized return.


SPTS

1D
-0.10%
1M
0.12%
YTD
0.41%
6M
0.55%
1Y
3.10%
3Y*
4.22%
5Y*
1.85%
10Y*
1.61%

BSV

1D
-0.12%
1M
0.11%
YTD
0.21%
6M
0.37%
1Y
3.25%
3Y*
4.47%
5Y*
1.66%
10Y*
1.90%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SPTS vs. BSV - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
SPTS
SPDR Portfolio Short Term Treasury ETF
0.41%5.05%4.20%4.27%-3.86%-0.72%3.23%3.56%1.08%0.59%
BSV
Vanguard Short-Term Bond Index Fund ETF Shares
0.21%6.00%3.78%4.90%-5.49%-1.09%4.70%4.98%1.34%1.20%

Correlation

The correlation between SPTS and BSV is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.


Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.91

Correlation (3Y)
Calculated over the trailing 3-year period

0.90

Correlation (5Y)
Calculated over the trailing 5-year period

0.91

Correlation (10Y)
Calculated over the trailing 10-year period

0.82

Correlation (All Time)
Calculated using the full available price history since Dec 1, 2011

0.69

Over the past year, SPTS and BSV have become more correlated (0.91) than their long-term average of 0.69, meaning their price movements have been converging.

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Return for Risk

SPTS vs. BSV — Risk / Return Rank

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

SPTS
SPTS Risk / Return Rank: 8080
Overall Rank
SPTS Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
SPTS Sortino Ratio Rank: 8888
Sortino Ratio Rank
SPTS Omega Ratio Rank: 8383
Omega Ratio Rank
SPTS Calmar Ratio Rank: 7575
Calmar Ratio Rank
SPTS Martin Ratio Rank: 7878
Martin Ratio Rank

BSV
BSV Risk / Return Rank: 5555
Overall Rank
BSV Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
BSV Sortino Ratio Rank: 6363
Sortino Ratio Rank
BSV Omega Ratio Rank: 5757
Omega Ratio Rank
BSV Calmar Ratio Rank: 5252
Calmar Ratio Rank
BSV Martin Ratio Rank: 5050
Martin Ratio Rank
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.

SPTS vs. BSV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Short Term Treasury ETF (SPTS) and Vanguard Short-Term Bond Index Fund ETF Shares (BSV). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.


SPTSBSVDifference
Sharpe ratioReturn per unit of total volatility

+0.54

Sortino ratioReturn per unit of downside risk

+0.99

Omega ratioGain probability vs. loss probability

1.48

1.34

+0.14

Calmar ratioReturn relative to maximum drawdown

3.70

2.53

+1.17

Martin ratioReturn relative to average drawdown

14.46

8.35

+6.11

SPTS vs. BSV - Sharpe Ratio Comparison

The current SPTS Sharpe Ratio is 2.33, which is higher than the BSV Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of SPTS and BSV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Drawdowns

SPTS vs. BSV - Drawdown Comparison

The maximum SPTS drawdown since its inception was -5.83%, smaller than the maximum BSV drawdown of -8.54%. Use the drawdown chart below to compare losses from any high point for SPTS and BSV.


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Drawdown Indicators


SPTSBSVDifference

Max Drawdown

Largest peak-to-trough decline

-5.83%

-8.54%

+2.71%

Max Drawdown (1Y)

Largest decline over 1 year

-0.84%

-1.29%

+0.45%

Max Drawdown (3Y)

Largest decline over 3 years

-0.96%

-1.53%

+0.57%

Max Drawdown (5Y)

Largest decline over 5 years

-5.71%

-8.54%

+2.83%

Max Drawdown (10Y)

Largest decline over 10 years

-5.71%

-8.54%

+2.83%

Current Drawdown

Current decline from peak

-0.31%

-0.70%

+0.39%

Average Drawdown

Average peak-to-trough decline

-1.72%

-0.97%

-0.75%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.21%

0.39%

-0.18%

Volatility

SPTS vs. BSV - Volatility Comparison

The current volatility for SPDR Portfolio Short Term Treasury ETF (SPTS) is 0.46%, while Vanguard Short-Term Bond Index Fund ETF Shares (BSV) has a volatility of 0.59%. This indicates that SPTS experiences smaller price fluctuations and is considered to be less risky than BSV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


SPTSBSVDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.46%

0.59%

-0.13%

Volatility (6M)

Calculated over the trailing 6-month period

0.92%

1.33%

-0.41%

Volatility (1Y)

Calculated over the trailing 1-year period

1.34%

1.82%

-0.48%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

1.99%

2.73%

-0.74%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

1.71%

2.38%

-0.67%

SPTS vs. BSV - Expense Ratio Comparison

Both SPTS and BSV have an expense ratio of 0.03%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.


Dividends

SPTS vs. BSV - Dividend Comparison

SPTS's dividend yield for the trailing twelve months is around 3.91%, less than BSV's 4.00% yield.


PositionTTM20252024202320222021202020192018201720162015
BSV
Vanguard Short-Term Bond Index Fund ETF Shares
4.00%3.83%3.38%2.46%1.50%1.45%1.79%2.29%1.99%1.65%1.48%1.40%
SPTS
SPDR Portfolio Short Term Treasury ETF
3.91%3.99%4.25%3.61%1.27%0.19%0.70%2.21%2.04%1.20%0.95%0.83%

Frequently Asked Questions


With a correlation of 0.91, SPTS and BSV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

BSV has higher volatility (0.59%) compared to SPTS (0.46%). In terms of maximum drawdown, SPTS dropped -5.83% vs BSV's -8.54%.

On 10-year performance, BSV leads with 1.90% vs 1.61% for SPTS. Both ETFs have the same 0.03% expense ratio. On volatility, SPTS has been the lower-risk option at 0.46%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, BSV has performed better with a 1.90% return vs 1.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SPTS and BSV have the same expense ratio: 0.03% per year.

BSV has the higher dividend yield at 4.00%, compared with 3.91% for SPTS.

SPTS is categorized as Government Bonds, while BSV is Short-Term Bond. SPTS tracks Bloomberg 1-3 Year U.S. Treasury Index, while BSV tracks Bloomberg U.S. 1–5 Year Government/Credit Float Adjusted Index. They also come from different issuers: State Street and Vanguard.

SPTS currently has the higher Sharpe Ratio (2.33 vs 1.79), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

Portfolio Optimizer

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