SPTU vs. ASHS

Last updated Jun 4, 2026

SPTU (State Street SPDR Portfolio Ultra Short T-Bill ETF) and ASHS (Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF) are both exchange-traded funds - SPTU is a Ultrashort Bond fund tracking the ICE BofA US Treasury Bill Index, while ASHS is a China Equities fund tracking the CSI 500 Index. Both are passively managed. At a correlation of -0.07, they often move in opposite directions. SPTU charges 0.05%/yr vs 0.65%/yr for ASHS.

Performance

SPTU vs. ASHS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street SPDR Portfolio Ultra Short T-Bill ETF (SPTU) and Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF (ASHS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPTU achieves a 1.48% return, which is significantly lower than ASHS's 15.10% return.

SPTU

• 1D: 0.00%
• 1M: 0.31%
• YTD: 1.48%
• 6M: 1.81%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ASHS

• 1D: -0.17%
• 1M: -0.19%
• YTD: 15.10%
• 6M: 23.90%
• 1Y: 57.65%
• 3Y*: 13.41%
• 5Y*: 3.97%
• 10Y*: 3.27%

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

SPTU vs. ASHS - Yearly Performance Comparison

	2026 (YTD)	2025
SPTU State Street SPDR Portfolio Ultra Short T-Bill ETF	1.48%	0.92%
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF	15.10%	2.82%

Correlation

The correlation between SPTU and ASHS is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 9, 2025	-0.07

Return for Risk

SPTU vs. ASHS — Risk / Return Rank

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

ASHS

ASHS Risk / Return Rank: 74
ASHS Sharpe Ratio Rank: 78
ASHS Sortino Ratio Rank: 71
ASHS Omega Ratio Rank: 70
ASHS Calmar Ratio Rank: 80
ASHS Martin Ratio Rank: 73

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.

SPTU vs. ASHS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street SPDR Portfolio Ultra Short T-Bill ETF (SPTU) and Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF (ASHS). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	SPTU	ASHS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.57	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.15	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.13	—
Sharpe Ratio (All Time) Calculated using the full available price history	11.82	0.19	+11.63

Drawdowns

SPTU vs. ASHS - Drawdown Comparison

The maximum SPTU drawdown since its inception was -0.04%, smaller than the maximum ASHS drawdown of -69.90%. Use the drawdown chart below to compare losses from any high point for SPTU and ASHS.

Drawdown Indicators

	SPTU	ASHS	Difference
Max Drawdown Largest peak-to-trough decline	-0.04%	-69.90%	+69.86%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.03%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-34.13%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-47.81%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-47.81%	—
Current Drawdown Current decline from peak	0.00%	-33.57%	+33.57%
Average Drawdown Average peak-to-trough decline	-0.00%	-48.57%	+48.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.21%	—

Volatility

Volatility by Period

	SPTU	ASHS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.33%	—
Volatility (6M) Calculated over the trailing 6-month period	—	17.00%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.32%	22.59%	-22.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.32%	26.46%	-26.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.32%	25.57%	-25.25%

SPTU vs. ASHS - Expense Ratio Comparison

SPTU has a 0.05% expense ratio, which is lower than ASHS's 0.65% expense ratio.

Dividends

SPTU vs. ASHS - Dividend Comparison

SPTU's dividend yield for the trailing twelve months is around 2.36%, while ASHS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF	0.00%	0.00%	0.69%	0.65%	1.90%	0.76%	0.43%	0.57%	0.00%	0.00%	0.00%	8.34%
SPTU State Street SPDR Portfolio Ultra Short T-Bill ETF	2.36%	0.89%	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 SPTU and ASHS in my portfolio?

SPTU and ASHS have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPTU or ASHS?

On fees, SPTU is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPTU or ASHS?

SPTU is cheaper with a 0.05% expense ratio, compared with 0.65% for ASHS.

Which ETF pays a higher dividend yield, SPTU or ASHS?

SPTU has the higher dividend yield at 2.36%, compared with 0.00% for ASHS.

What is the main difference between SPTU and ASHS?

SPTU is categorized as Ultrashort Bond, while ASHS is China Equities. SPTU tracks ICE BofA US Treasury Bill Index, while ASHS tracks CSI 500 Index. They also come from different issuers: State Street and Deutsche Bank. Their fees differ too: 0.05% for SPTU and 0.65% for ASHS.