SPTS vs. VTG

Last updated Jul 14, 2026

SPTS (SPDR Portfolio Short Term Treasury ETF) and VTG (Vanguard Total Treasury ETF) are both Government Bonds funds - SPTS tracks the Bloomberg 1-3 Year U.S. Treasury Index while VTG tracks the Bloomberg U.S. Treasury Total Return Unhedged USD Index. Both are passively managed. Over the past year, SPTS returned 3.03% vs 2.81% for VTG. Their correlation of 0.81 suggests significant overlap in exposure. Both charge a 0.03% expense ratio.

Performance

SPTS vs. VTG - Performance Comparison

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

Returns By Period

In the year-to-date period, SPTS achieves a 0.54% return, which is significantly higher than VTG's -0.43% return.

SPTS

• 1D: -0.10%
• 1M: -0.01%
• 6M: 0.58%
• YTD: 0.54%
• 1Y: 3.03%
• 3Y*: 4.22%
• 5Y*: 1.86%
• 10Y*: 1.65%

VTG

• 1D: -0.28%
• 1M: -0.53%
• 6M: -0.49%
• YTD: -0.43%
• 1Y: 2.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SPTS vs. VTG - Yearly Performance Comparison

	2026 (YTD)	2025
SPTS SPDR Portfolio Short Term Treasury ETF	0.54%	2.54%
VTG Vanguard Total Treasury ETF	-0.43%	3.07%

Correlation

The correlation between SPTS and VTG 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 (All Time) Calculated using the full available price history since Jul 9, 2025	0.81

The correlation between SPTS and VTG has been stable across timeframes, ranging from 0.81 to 0.81 - a consistent structural relationship.

Return for Risk

SPTS vs. VTG — Risk / Return Rank

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

SPTS

SPTS Risk / Return Rank: 88
SPTS Sharpe Ratio Rank: 88
SPTS Sortino Ratio Rank: 93
SPTS Omega Ratio Rank: 91
SPTS Calmar Ratio Rank: 84
SPTS Martin Ratio Rank: 87

VTG

VTG Risk / Return Rank: 26
VTG Sharpe Ratio Rank: 28
VTG Sortino Ratio Rank: 26
VTG Omega Ratio Rank: 24
VTG Calmar Ratio Rank: 25
VTG Martin Ratio Rank: 24

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. VTG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Short Term Treasury ETF (SPTS) and Vanguard Total Treasury ETF (VTG). 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.

	SPTS	VTG	Difference
Sharpe ratio: Return per unit of total volatility	2.27	0.80	+1.47
Sortino ratio: Return per unit of downside risk	3.68	1.20	+2.48
Omega ratio: Gain probability vs. loss probability	1.47	1.14	+0.33
Calmar ratio: Return relative to maximum drawdown	3.63	0.98	+2.65
Martin ratio: Return relative to average drawdown	14.26	2.56	+11.70

SPTS vs. VTG - Sharpe Ratio Comparison

The current SPTS Sharpe Ratio is 2.27, which is higher than the VTG Sharpe Ratio of 0.80. The chart below compares the historical Sharpe Ratios of SPTS and VTG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SPTS vs. VTG - Drawdown Comparison

The maximum SPTS drawdown since its inception was -5.83%, which is greater than VTG's maximum drawdown of -2.89%. Use the drawdown chart below to compare losses from any high point for SPTS and VTG.

Drawdown Indicators

	SPTS	VTG	Difference
Max Drawdown Largest peak-to-trough decline	-5.83%	-2.89%	-2.94%
Max Drawdown (1Y) Largest decline over 1 year	-0.84%	-2.89%	+2.05%
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 Drawdown Current decline from peak	-0.21%	-2.21%	+2.00%
Average Drawdown Average peak-to-trough decline	-1.71%	-0.83%	-0.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.21%	1.10%	-0.89%

Volatility

SPTS vs. VTG - Volatility Comparison

The current volatility for SPDR Portfolio Short Term Treasury ETF (SPTS) is 0.50%, while Vanguard Total Treasury ETF (VTG) has a volatility of 1.13%. This indicates that SPTS experiences smaller price fluctuations and is considered to be less risky than VTG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPTS	VTG	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.50%	1.13%	-0.63%
Volatility (6M) Calculated over the trailing 6-month period	0.96%	2.64%	-1.68%
Volatility (1Y) Calculated over the trailing 1-year period	1.34%	3.53%	-2.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.00%	3.53%	-1.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.70%	3.53%	-1.83%

SPTS vs. VTG - Expense Ratio Comparison

Both SPTS and VTG 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. VTG - Dividend Comparison

SPTS's dividend yield for the trailing twelve months is around 3.89%, more than VTG's 3.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPTS SPDR Portfolio Short Term Treasury ETF	3.89%	3.99%	4.25%	3.61%	1.27%	0.19%	0.70%	2.21%	2.04%	1.20%	0.95%	0.83%
VTG Vanguard Total Treasury ETF	3.55%	1.65%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SPTS and VTG in my portfolio?

SPTS and VTG 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.

Which is riskier, SPTS or VTG?

VTG has higher volatility (1.13%) compared to SPTS (0.50%). In terms of maximum drawdown, SPTS dropped -5.83% vs VTG's -2.89%.

Which ETF is better, SPTS or VTG?

On 1-year performance, SPTS leads with 3.03% vs 2.81% for VTG. Both ETFs have the same 0.03% expense ratio. On volatility, SPTS has been the lower-risk option at 0.50%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPTS or VTG?

Over the 1-year period, SPTS has performed better with a 3.03% return vs 2.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPTS or VTG?

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

Which ETF pays a higher dividend yield, SPTS or VTG?

SPTS has the higher dividend yield at 3.89%, compared with 3.55% for VTG.

What is the main difference between SPTS and VTG?

SPTS tracks Bloomberg 1-3 Year U.S. Treasury Index, while VTG tracks Bloomberg U.S. Treasury Total Return Unhedged USD Index. They also come from different issuers: State Street and Vanguard.

Which has better risk-adjusted returns?

SPTS currently has the higher Sharpe Ratio (2.27 vs 0.80), 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.