ULST vs. VTIP
Compare and contrast key facts about SPDR SSgA Ultra Short Term Bond ETF (ULST) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP).
ULST and VTIP 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. VTIP is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L). It was launched on Oct 12, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ULST or VTIP.
Performance
ULST vs. VTIP - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with ULST having a 4.68% return and VTIP slightly lower at 4.61%. Over the past 10 years, ULST has underperformed VTIP with an annualized return of 2.11%, while VTIP has yielded a comparatively higher 2.41% annualized return.
ULST
4.68%
0.17%
2.73%
5.77%
2.62%
2.11%
VTIP
4.61%
-0.08%
3.01%
6.59%
3.53%
2.41%
Key characteristics
| ULST | VTIP | |
|---|---|---|
| Sharpe Ratio | 4.97 | 3.15 |
| Sortino Ratio | 8.14 | 5.58 |
| Omega Ratio | 2.67 | 1.73 |
| Calmar Ratio | 10.79 | 4.96 |
| Martin Ratio | 82.51 | 24.40 |
| Ulcer Index | 0.07% | 0.27% |
| Daily Std Dev | 1.18% | 2.13% |
| Max Drawdown | -6.19% | -6.27% |
| Current Drawdown | 0.00% | -0.41% |
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ULST vs. VTIP - Expense Ratio Comparison
ULST has a 0.20% expense ratio, which is higher than VTIP's 0.04% 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 VTIP is 0.14, 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. VTIP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR SSgA Ultra Short Term Bond ETF (ULST) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP). 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. VTIP - Dividend Comparison
ULST's dividend yield for the trailing twelve months is around 5.08%, more than VTIP's 3.38% 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% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 3.38% | 3.36% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% | 0.00% | 0.82% | 0.05% |
Drawdowns
ULST vs. VTIP - Drawdown Comparison
The maximum ULST drawdown since its inception was -6.19%, roughly equal to the maximum VTIP drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for ULST and VTIP. For additional features, visit the drawdowns tool.
Volatility
ULST vs. VTIP - Volatility Comparison
The current volatility for SPDR SSgA Ultra Short Term Bond ETF (ULST) is 0.19%, while Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) has a volatility of 0.48%. This indicates that ULST experiences smaller price fluctuations and is considered to be less risky than VTIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.