SPTU vs. SPYD
SPTU (State Street SPDR Portfolio Ultra Short T-Bill ETF) and SPYD (State Street SPDR Portfolio S&P 500 High Dividend ETF) are both exchange-traded funds - SPTU is a Ultrashort Bond fund tracking the ICE BofA US Treasury Bill Index, while SPYD is a S&P 500 fund tracking the S&P 500 High Dividend Index. Both are passively managed. At a 0.10 correlation, their price movements are largely independent. SPTU charges 0.05%/yr vs 0.07%/yr for SPYD.
Performance
SPTU vs. SPYD - Performance Comparison
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Returns By Period
In the year-to-date period, SPTU achieves a 1.48% return, which is significantly lower than SPYD's 10.34% return.
SPTU
- 1D
- 0.00%
- 1M
- 0.31%
- YTD
- 1.48%
- 6M
- 1.81%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPYD
- 1D
- -0.44%
- 1M
- 1.57%
- YTD
- 10.34%
- 6M
- 10.97%
- 1Y
- 16.38%
- 3Y*
- 14.37%
- 5Y*
- 6.76%
- 10Y*
- 8.59%
SPTU vs. SPYD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SPTU State Street SPDR Portfolio Ultra Short T-Bill ETF | 1.48% | 0.92% |
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF | 10.34% | 0.39% |
Correlation
The correlation between SPTU and SPYD is 0.10, 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 | 0.10 |
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Return for Risk
SPTU vs. SPYD — Risk / Return Rank
SPTU
SPYD
SPTU vs. SPYD - 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 State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD). 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.
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Sharpe Ratios by Period
| SPTU | SPYD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.42 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.42 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.44 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 11.82 | 0.47 | +11.35 |
Drawdowns
SPTU vs. SPYD - Drawdown Comparison
The maximum SPTU drawdown since its inception was -0.04%, smaller than the maximum SPYD drawdown of -46.42%. Use the drawdown chart below to compare losses from any high point for SPTU and SPYD.
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Drawdown Indicators
| SPTU | SPYD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.04% | -46.42% | +46.38% |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.05% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.13% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.25% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.42% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.11% | +1.11% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -6.17% | +6.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.43% | — |
Volatility
SPTU vs. SPYD - Volatility Comparison
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Volatility by Period
| SPTU | SPYD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.57% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.71% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.32% | 11.62% | -11.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.32% | 16.13% | -15.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.32% | 19.78% | -19.46% |
SPTU vs. SPYD - Expense Ratio Comparison
SPTU has a 0.05% expense ratio, which is lower than SPYD's 0.07% 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%.
Dividends
SPTU vs. SPYD - Dividend Comparison
SPTU's dividend yield for the trailing twelve months is around 2.36%, less than SPYD's 4.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF | 4.21% | 4.52% | 4.31% | 4.66% | 5.01% | 3.68% | 4.95% | 4.42% | 4.75% | 4.63% | 4.34% | 1.13% |
Frequently Asked Questions
SPTU and SPYD have a correlation of 0.10, 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 0.07% for SPYD.
SPYD has the higher dividend yield at 4.21%, compared with 2.36% for SPTU.
SPTU is categorized as Ultrashort Bond, while SPYD is S&P 500. SPTU tracks ICE BofA US Treasury Bill Index, while SPYD tracks S&P 500 High Dividend Index. Their fees differ too: 0.05% for SPTU and 0.07% for SPYD.
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