SPTS vs. GGOV
SPTS (SPDR Portfolio Short Term Treasury ETF) and GGOV (iShares Global Government Bond USD Hedged Active ETF) are both exchange-traded funds - SPTS is a Government Bonds fund tracking the Bloomberg U.S. Treasury 1-3 Year Index, while GGOV is a Global Bonds fund managed by iShares. A 0.54 correlation means they provide meaningful diversification when combined. SPTS charges 0.03%/yr vs 0.39%/yr for GGOV.
Performance
SPTS vs. GGOV - Performance Comparison
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Returns By Period
In the year-to-date period, SPTS achieves a 0.45% return, which is significantly lower than GGOV's 2.30% 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%
GGOV
- 1D
- -0.16%
- 1M
- 0.60%
- YTD
- 2.30%
- 6M
- -1.11%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPTS vs. GGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SPTS SPDR Portfolio Short Term Treasury ETF | 0.45% | 2.29% |
GGOV iShares Global Government Bond USD Hedged Active ETF | 2.30% | -2.81% |
Correlation
The correlation between SPTS and GGOV is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 27, 2025 | 0.54 |
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Return for Risk
SPTS vs. GGOV — Risk / Return Rank
SPTS
GGOV
SPTS vs. GGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Short Term Treasury ETF (SPTS) and iShares Global Government Bond USD Hedged Active ETF (GGOV). 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 | GGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.55 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.13 | — | — |
| Martin ratioReturn relative to average drawdown | 16.52 | — | — |
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 | GGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.63 | — | — |
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 | -0.11 | +0.60 |
Drawdowns
SPTS vs. GGOV - Drawdown Comparison
The maximum SPTS drawdown since its inception was -5.83%, which is greater than GGOV's maximum drawdown of -4.69%. Use the drawdown chart below to compare losses from any high point for SPTS and GGOV.
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Drawdown Indicators
| SPTS | GGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.83% | -4.69% | -1.14% |
Max Drawdown (1Y)Largest decline over 1 year | -0.84% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -0.96% | — | — |
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% | -1.50% | +1.22% |
Average DrawdownAverage peak-to-trough decline | -1.72% | -1.59% | -0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.21% | — | — |
Volatility
SPTS vs. GGOV - Volatility Comparison
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Volatility by Period
| SPTS | GGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.34% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 0.86% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.32% | 5.38% | -4.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.98% | 5.38% | -3.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.72% | 5.38% | -3.66% |
SPTS vs. GGOV - Expense Ratio Comparison
SPTS has a 0.03% expense ratio, which is lower than GGOV's 0.39% expense ratio.
Dividends
SPTS vs. GGOV - Dividend Comparison
SPTS's dividend yield for the trailing twelve months is around 3.91%, while GGOV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GGOV iShares Global Government Bond USD Hedged Active ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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 GGOV have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPTS is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPTS is cheaper with a 0.03% expense ratio, compared with 0.39% for GGOV.
SPTS has the higher dividend yield at 3.91%, compared with 0.00% for GGOV.
SPTS is categorized as Government Bonds, while GGOV is Global Bonds. They also come from different issuers: State Street and iShares. Their fees differ too: 0.03% for SPTS and 0.39% for GGOV.
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