SPTS vs. GBIL
Compare and contrast key facts about SPDR Portfolio Short Term Treasury ETF (SPTS) and Goldman Sachs Access Treasury 0-1 Year ETF (GBIL).
SPTS and GBIL 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. GBIL is a passively managed fund by Goldman Sachs that tracks the performance of the FTSE US Treasury 0-1 Year Composite Select Index. It was launched on Sep 6, 2016. Both SPTS and GBIL 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 GBIL.
Key characteristics
| SPTS | GBIL | |
|---|---|---|
| YTD Return | 3.46% | 4.48% |
| 1Y Return | 5.48% | 5.30% |
| 3Y Return (Ann) | 1.09% | 3.46% |
| 5Y Return (Ann) | 1.32% | 2.25% |
| Sharpe Ratio | 2.71 | 4.80 |
| Sortino Ratio | 4.35 | 6.88 |
| Omega Ratio | 1.56 | 6.76 |
| Calmar Ratio | 2.13 | 7.07 |
| Martin Ratio | 16.20 | 30.09 |
| Ulcer Index | 0.33% | 0.18% |
| Daily Std Dev | 1.95% | 1.11% |
| Max Drawdown | -5.83% | -0.76% |
| Current Drawdown | -0.79% | 0.00% |
Correlation
The correlation between SPTS and GBIL is 0.26, 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. GBIL - Performance Comparison
In the year-to-date period, SPTS achieves a 3.46% return, which is significantly lower than GBIL's 4.48% 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. GBIL - Expense Ratio Comparison
SPTS has a 0.06% expense ratio, which is lower than GBIL's 0.12% 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. GBIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Short Term Treasury ETF (SPTS) and Goldman Sachs Access Treasury 0-1 Year ETF (GBIL). 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. GBIL - Dividend Comparison
SPTS's dividend yield for the trailing twelve months is around 4.22%, less than GBIL's 5.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPTS SPDR Portfolio Short Term Treasury ETF | 4.22% | 3.61% | 1.26% | 0.20% | 0.71% | 2.21% | 2.04% | 1.20% | 0.95% | 0.83% | 0.68% | 0.43% |
GBIL Goldman Sachs Access Treasury 0-1 Year ETF | 5.09% | 4.77% | 1.37% | 0.00% | 0.81% | 2.20% | 1.70% | 0.74% | 0.11% | 0.00% | 0.00% | 0.00% |
Drawdowns
SPTS vs. GBIL - Drawdown Comparison
The maximum SPTS drawdown since its inception was -5.83%, which is greater than GBIL's maximum drawdown of -0.76%. Use the drawdown chart below to compare losses from any high point for SPTS and GBIL. For additional features, visit the drawdowns tool.
Volatility
SPTS vs. GBIL - Volatility Comparison
SPDR Portfolio Short Term Treasury ETF (SPTS) has a higher volatility of 0.35% compared to Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) at 0.07%. This indicates that SPTS's price experiences larger fluctuations and is considered to be riskier than GBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.