SPTS vs. DBND
SPTS (SPDR Portfolio Short Term Treasury ETF) and DBND (DoubleLine Opportunistic Bond ETF) are both exchange-traded funds - SPTS is a Government Bonds fund tracking the Bloomberg U.S. Treasury 1-3 Year Index, while DBND is a Intermediate Core-Plus Bond fund tracking the Bloomberg US Aggregate Bond Index. Both are passively managed. Over the past 3 years, SPTS returned 4.18%/yr vs 4.50%/yr for DBND. A 0.74 correlation means they provide meaningful diversification when combined. SPTS charges 0.03%/yr vs 0.50%/yr for DBND.
Performance
SPTS vs. DBND - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SPTS achieves a 0.45% return, which is significantly higher than DBND's -0.21% return.
SPTS
- 1D
- -0.07%
- 1M
- 0.05%
- YTD
- 0.45%
- 6M
- 0.77%
- 1Y
- 3.45%
- 3Y*
- 4.18%
- 5Y*
- 1.81%
- 10Y*
- 1.67%
DBND
- 1D
- -0.11%
- 1M
- 0.03%
- YTD
- -0.21%
- 6M
- -0.07%
- 1Y
- 4.85%
- 3Y*
- 4.50%
- 5Y*
- —
- 10Y*
- —
SPTS vs. DBND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SPTS SPDR Portfolio Short Term Treasury ETF | 0.45% | 5.05% | 4.20% | 4.27% | -1.10% |
DBND DoubleLine Opportunistic Bond ETF | -0.21% | 7.41% | 3.06% | 6.33% | -5.93% |
Correlation
The correlation between SPTS and DBND is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2022 | 0.74 |
The correlation between SPTS and DBND has been stable across timeframes, ranging from 0.74 to 0.81 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SPTS vs. DBND — Risk / Return Rank
SPTS
DBND
SPTS vs. DBND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Short Term Treasury ETF (SPTS) and DoubleLine Opportunistic Bond ETF (DBND). 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 | DBND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.15 | ||
| Sortino ratioReturn per unit of downside risk | +2.23 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.27 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 4.13 | 1.72 | +2.41 |
| Martin ratioReturn relative to average drawdown | 16.52 | 5.10 | +11.42 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SPTS | DBND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.63 | 1.48 | +1.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.98 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.48 | +0.01 |
Drawdowns
SPTS vs. DBND - Drawdown Comparison
The maximum SPTS drawdown since its inception was -5.83%, smaller than the maximum DBND drawdown of -9.39%. Use the drawdown chart below to compare losses from any high point for SPTS and DBND.
Loading charts...
Drawdown Indicators
| SPTS | DBND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.83% | -9.39% | +3.56% |
Max Drawdown (1Y)Largest decline over 1 year | -0.84% | -2.83% | +1.99% |
Max Drawdown (3Y)Largest decline over 3 years | -0.96% | -6.25% | +5.29% |
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 | -0.28% | -1.80% | +1.52% |
Average DrawdownAverage peak-to-trough decline | -1.72% | -2.27% | +0.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.21% | 0.95% | -0.74% |
Volatility
SPTS vs. DBND - Volatility Comparison
The current volatility for SPDR Portfolio Short Term Treasury ETF (SPTS) is 0.34%, while DoubleLine Opportunistic Bond ETF (DBND) has a volatility of 1.07%. This indicates that SPTS experiences smaller price fluctuations and is considered to be less risky than DBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SPTS | DBND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.34% | 1.07% | -0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 0.86% | 2.33% | -1.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.32% | 3.30% | -1.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.98% | 5.09% | -3.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.72% | 5.09% | -3.37% |
SPTS vs. DBND - Expense Ratio Comparison
SPTS has a 0.03% expense ratio, which is lower than DBND's 0.50% expense ratio.
Dividends
SPTS vs. DBND - Dividend Comparison
SPTS's dividend yield for the trailing twelve months is around 3.91%, less than DBND's 4.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBND DoubleLine Opportunistic Bond ETF | 4.79% | 4.78% | 5.19% | 4.39% | 2.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
SPTS and DBND have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBND has higher volatility (1.07%) compared to SPTS (0.34%). In terms of maximum drawdown, SPTS dropped -5.83% vs DBND's -9.39%.
On 3-year performance, DBND leads with 4.50% vs 4.18% for SPTS. On fees, SPTS is cheaper at 0.03% per year. On volatility, SPTS has been the lower-risk option at 0.34%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, DBND has performed better with a 4.50% return vs 4.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPTS is cheaper with a 0.03% expense ratio, compared with 0.50% for DBND.
DBND has the higher dividend yield at 4.79%, compared with 3.91% for SPTS.
SPTS is categorized as Government Bonds, while DBND is Intermediate Core-Plus Bond. SPTS tracks Bloomberg U.S. Treasury 1-3 Year Index, while DBND tracks Bloomberg US Aggregate Bond Index. They also come from different issuers: State Street and DoubleLine. Their fees differ too: 0.03% for SPTS and 0.50% for DBND.
SPTS currently has the higher Sharpe Ratio (2.63 vs 1.48), 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.
Find the right allocation for SPTS and DBND
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer