SPTS vs. BSV
Compare and contrast key facts about SPDR Portfolio Short Term Treasury ETF (SPTS) and Vanguard Short-Term Bond ETF (BSV).
SPTS and BSV 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. BSV is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 1-5 Year Government/Credit Float Adjusted Index. It was launched on Apr 3, 2007. Both SPTS and BSV 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 BSV.
Key characteristics
| SPTS | BSV | |
|---|---|---|
| YTD Return | 0.03% | -0.77% |
| 1Y Return | 2.28% | 1.61% |
| 3Y Return (Ann) | -0.11% | -0.78% |
| 5Y Return (Ann) | 1.03% | 1.01% |
| 10Y Return (Ann) | 1.05% | 1.24% |
| Sharpe Ratio | 1.23 | 0.69 |
| Daily Std Dev | 2.11% | 2.93% |
| Max Drawdown | -5.83% | -8.54% |
| Current Drawdown | -0.52% | -2.80% |
Correlation
The correlation between SPTS and BSV is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SPTS vs. BSV - Performance Comparison
In the year-to-date period, SPTS achieves a 0.03% return, which is significantly higher than BSV's -0.77% return. Over the past 10 years, SPTS has underperformed BSV with an annualized return of 1.05%, while BSV has yielded a comparatively higher 1.24% 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. BSV - Expense Ratio Comparison
SPTS has a 0.06% expense ratio, which is higher than BSV'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%.
Risk-Adjusted Performance
SPTS vs. BSV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Short Term Treasury ETF (SPTS) and Vanguard Short-Term Bond ETF (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.
Dividends
SPTS vs. BSV - Dividend Comparison
SPTS's dividend yield for the trailing twelve months is around 4.05%, more than BSV's 2.85% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPTS SPDR Portfolio Short Term Treasury ETF | 4.05% | 3.61% | 1.27% | 0.19% | 0.70% | 2.21% | 2.04% | 1.20% | 0.95% | 0.83% | 0.68% | 0.43% |
BSV Vanguard Short-Term Bond ETF | 2.85% | 2.46% | 1.50% | 1.45% | 1.79% | 2.29% | 1.99% | 1.65% | 1.48% | 1.40% | 1.45% | 1.48% |
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. For additional features, visit the drawdowns tool.
Volatility
SPTS vs. BSV - Volatility Comparison
The current volatility for SPDR Portfolio Short Term Treasury ETF (SPTS) is 0.62%, while Vanguard Short-Term Bond ETF (BSV) has a volatility of 0.78%. 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.