TSEC vs. SPTS

Last updated Jun 4, 2026

TSEC (Touchstone Securitized Income ETF) and SPTS (SPDR Portfolio Short Term Treasury ETF) are both exchange-traded funds - TSEC is a Short-Term Bond fund actively managed by Touchstone, while SPTS is a Government Bonds fund tracking the Bloomberg U.S. Treasury 1-3 Year Index. TSEC is actively managed, while SPTS is passively managed. Over the past year, TSEC returned 6.08% vs 3.45% for SPTS. At a 0.40 correlation, their price movements are largely independent. TSEC charges 0.40%/yr vs 0.03%/yr for SPTS.

Performance

TSEC vs. SPTS - Performance Comparison

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

Returns By Period

In the year-to-date period, TSEC achieves a 1.26% return, which is significantly higher than SPTS's 0.45% return.

TSEC

• 1D: -0.02%
• 1M: 0.51%
• YTD: 1.26%
• 6M: 1.95%
• 1Y: 6.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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%

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

TSEC vs. SPTS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TSEC Touchstone Securitized Income ETF	1.26%	7.47%	7.62%	5.00%
SPTS SPDR Portfolio Short Term Treasury ETF	0.45%	5.05%	4.20%	2.82%

Correlation

The correlation between TSEC and SPTS is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (All Time) Calculated using the full available price history since Jul 20, 2023	0.40

Return for Risk

TSEC vs. SPTS — Risk / Return Rank

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

TSEC

TSEC Risk / Return Rank: 73
TSEC Sharpe Ratio Rank: 69
TSEC Sortino Ratio Rank: 73
TSEC Omega Ratio Rank: 84
TSEC Calmar Ratio Rank: 73
TSEC Martin Ratio Rank: 66

SPTS

SPTS Risk / Return Rank: 84
SPTS Sharpe Ratio Rank: 79
SPTS Sortino Ratio Rank: 91
SPTS Omega Ratio Rank: 87
SPTS Calmar Ratio Rank: 79
SPTS Martin Ratio Rank: 82

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.

TSEC vs. SPTS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Touchstone Securitized Income ETF (TSEC) and SPDR Portfolio Short Term Treasury ETF (SPTS). 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.

	TSEC	SPTS	Difference
Sharpe ratio Return per unit of total volatility	2.27	2.63	-0.36
Sortino ratio Return per unit of downside risk	3.30	4.47	-1.17
Omega ratio Gain probability vs. loss probability	1.51	1.55	-0.04
Calmar ratio Return relative to maximum drawdown	3.65	4.13	-0.48
Martin ratio Return relative to average drawdown	11.93	16.52	-4.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TSEC vs. SPTS - Sharpe Ratio Comparison

The current TSEC Sharpe Ratio is 2.27, which is comparable to the SPTS Sharpe Ratio of 2.63. The chart below compares the historical Sharpe Ratios of TSEC and SPTS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TSEC	SPTS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.27	2.63	-0.36
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	2.59	0.49	+2.10

Drawdowns

TSEC vs. SPTS - Drawdown Comparison

The maximum TSEC drawdown since its inception was -1.78%, smaller than the maximum SPTS drawdown of -5.83%. Use the drawdown chart below to compare losses from any high point for TSEC and SPTS.

Drawdown Indicators

	TSEC	SPTS	Difference
Max Drawdown Largest peak-to-trough decline	-1.78%	-5.83%	+4.05%
Max Drawdown (1Y) Largest decline over 1 year	-1.67%	-0.84%	-0.83%
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	-0.33%	-0.28%	-0.05%
Average Drawdown Average peak-to-trough decline	-0.33%	-1.72%	+1.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.51%	0.21%	+0.30%

Volatility

TSEC vs. SPTS - Volatility Comparison

Touchstone Securitized Income ETF (TSEC) has a higher volatility of 0.53% compared to SPDR Portfolio Short Term Treasury ETF (SPTS) at 0.34%. This indicates that TSEC's price experiences larger fluctuations and is considered to be riskier than SPTS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSEC	SPTS	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.53%	0.34%	+0.19%
Volatility (6M) Calculated over the trailing 6-month period	2.07%	0.86%	+1.21%
Volatility (1Y) Calculated over the trailing 1-year period	2.70%	1.32%	+1.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.90%	1.98%	+0.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.90%	1.72%	+1.18%

TSEC vs. SPTS - Expense Ratio Comparison

TSEC has a 0.40% expense ratio, which is higher than SPTS's 0.03% expense ratio.

Dividends

TSEC vs. SPTS - Dividend Comparison

TSEC's dividend yield for the trailing twelve months is around 7.30%, more than SPTS's 3.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
TSEC Touchstone Securitized Income ETF	7.30%	6.47%	5.83%	2.86%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TSEC and SPTS in my portfolio?

TSEC and SPTS have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TSEC or SPTS?

TSEC has higher volatility (0.53%) compared to SPTS (0.34%). In terms of maximum drawdown, TSEC dropped -1.78% vs SPTS's -5.83%.

Which ETF is better, TSEC or SPTS?

On 1-year performance, TSEC leads with 6.08% vs 3.45% for SPTS. On fees, SPTS is cheaper at 0.03% per year. On volatility, SPTS has been the lower-risk option at 0.34%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TSEC or SPTS?

Over the 1-year period, TSEC has performed better with a 6.08% return vs 3.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TSEC or SPTS?

SPTS is cheaper with a 0.03% expense ratio, compared with 0.40% for TSEC.

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

TSEC has the higher dividend yield at 7.30%, compared with 3.91% for SPTS.

What is the main difference between TSEC and SPTS?

TSEC is categorized as Short-Term Bond, while SPTS is Government Bonds. They also come from different issuers: Touchstone and State Street. Their fees differ too: 0.40% for TSEC and 0.03% for SPTS.

Which has better risk-adjusted returns?

SPTS currently has the higher Sharpe Ratio (2.63 vs 2.27), 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.