SPTU vs. IHE
SPTU (State Street SPDR Portfolio Ultra Short T-Bill ETF) and IHE (iShares U.S. Pharmaceuticals ETF) are both exchange-traded funds - SPTU is a Ultrashort Bond fund tracking the ICE BofA US Treasury Bill Index, while IHE is a Health & Biotech Equities fund tracking the Dow Jones U.S. Select Pharmaceuticals Index. Both are passively managed. At a correlation of -0.09, they often move in opposite directions. SPTU charges 0.05%/yr vs 0.42%/yr for IHE.
Performance
SPTU vs. IHE - Performance Comparison
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Returns By Period
In the year-to-date period, SPTU achieves a 1.63% return, which is significantly lower than IHE's 9.89% return.
SPTU
- 1D
- -0.01%
- 1M
- 0.25%
- YTD
- 1.63%
- 6M
- 1.75%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IHE
- 1D
- 0.83%
- 1M
- 1.54%
- YTD
- 9.89%
- 6M
- 8.65%
- 1Y
- 45.56%
- 3Y*
- 17.81%
- 5Y*
- 10.40%
- 10Y*
- 8.82%
SPTU vs. IHE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SPTU State Street SPDR Portfolio Ultra Short T-Bill ETF | 1.63% | 0.87% |
IHE iShares U.S. Pharmaceuticals ETF | 9.89% | 13.58% |
Correlation
The correlation between SPTU and IHE is -0.09, 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 8, 2025 | -0.09 |
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Return for Risk
SPTU vs. IHE — Risk / Return Rank
SPTU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IHE
SPTU vs. IHE - 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 iShares U.S. Pharmaceuticals ETF (IHE). 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.
| SPTU | IHE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.45 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 5.40 | — |
| Martin ratioReturn relative to average drawdown | — | 16.62 | — |
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Drawdowns
SPTU vs. IHE - Drawdown Comparison
The maximum SPTU drawdown since its inception was -0.04%, smaller than the maximum IHE drawdown of -38.20%. Use the drawdown chart below to compare losses from any high point for SPTU and IHE.
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Drawdown Indicators
| SPTU | IHE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.04% | -38.20% | +38.16% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.47% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.92% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.03% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.59% | — |
Current DrawdownCurrent decline from peak | -0.01% | -2.26% | +2.25% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -7.90% | +7.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.75% | — |
Volatility
SPTU vs. IHE - Volatility Comparison
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Volatility by Period
| SPTU | IHE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.20% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 12.59% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.33% | 17.20% | -16.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.33% | 16.27% | -15.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.33% | 18.07% | -17.74% |
SPTU vs. IHE - Expense Ratio Comparison
SPTU has a 0.05% expense ratio, which is lower than IHE's 0.42% expense ratio.
Dividends
SPTU vs. IHE - Dividend Comparison
SPTU's dividend yield for the trailing twelve months is around 2.36%, more than IHE's 1.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IHE iShares U.S. Pharmaceuticals ETF | 1.58% | 1.76% | 1.73% | 1.39% | 2.01% | 1.49% | 1.19% | 1.40% | 1.25% | 1.36% | 0.92% | 1.93% |
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
SPTU and IHE have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
SPTU is cheaper with a 0.05% expense ratio, compared with 0.42% for IHE.
SPTU has the higher dividend yield at 2.36%, compared with 1.58% for IHE.
SPTU is categorized as Ultrashort Bond, while IHE is Health & Biotech Equities. SPTU tracks ICE BofA US Treasury Bill Index, while IHE tracks Dow Jones U.S. Select Pharmaceuticals Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.05% for SPTU and 0.42% for IHE.
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