ULST vs. SPY
Compare and contrast key facts about SPDR SSgA Ultra Short Term Bond ETF (ULST) and SPDR S&P 500 ETF (SPY).
ULST and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ULST is an actively managed fund by State Street. It was launched on Oct 9, 2013. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ULST or SPY.
Performance
ULST vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, ULST achieves a 4.71% return, which is significantly lower than SPY's 26.08% return. Over the past 10 years, ULST has underperformed SPY with an annualized return of 2.09%, while SPY has yielded a comparatively higher 13.10% annualized return.
ULST
4.71%
0.28%
2.75%
5.75%
2.62%
2.09%
SPY
26.08%
1.77%
13.59%
32.24%
15.62%
13.10%
Key characteristics
| ULST | SPY | |
|---|---|---|
| Sharpe Ratio | 4.93 | 2.70 |
| Sortino Ratio | 8.07 | 3.60 |
| Omega Ratio | 2.66 | 1.50 |
| Calmar Ratio | 10.70 | 3.90 |
| Martin Ratio | 81.77 | 17.52 |
| Ulcer Index | 0.07% | 1.87% |
| Daily Std Dev | 1.18% | 12.14% |
| Max Drawdown | -6.19% | -55.19% |
| Current Drawdown | 0.00% | -0.85% |
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ULST vs. SPY - Expense Ratio Comparison
ULST has a 0.20% expense ratio, which is higher than SPY's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between ULST and SPY is 0.01, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
ULST vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR SSgA Ultra Short Term Bond ETF (ULST) and SPDR S&P 500 ETF (SPY). 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.
Dividends
ULST vs. SPY - Dividend Comparison
ULST's dividend yield for the trailing twelve months is around 5.08%, more than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ULST SPDR SSgA Ultra Short Term Bond ETF | 5.08% | 4.45% | 1.71% | 0.54% | 1.34% | 2.56% | 2.13% | 1.21% | 0.93% | 0.37% | 0.34% | 0.06% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
ULST vs. SPY - Drawdown Comparison
The maximum ULST drawdown since its inception was -6.19%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ULST and SPY. For additional features, visit the drawdowns tool.
Volatility
ULST vs. SPY - Volatility Comparison
The current volatility for SPDR SSgA Ultra Short Term Bond ETF (ULST) is 0.18%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.98%. This indicates that ULST experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.