USSH vs. SPTL
USSH (WisdomTree 1-3 Year Laddered Treasury Fund) and SPTL (SPDR Portfolio Long Term Treasury ETF) are both Government Bonds funds - USSH tracks the Bloomberg US Treasury 1-3 Year Laddered Index while SPTL tracks the Bloomberg Long U.S. Treasury Index. Both are passively managed. Over the past year, USSH returned 2.44% vs -1.73% for SPTL. Their 0.68 correlation means they have sometimes moved together and sometimes differently. USSH charges 0.15%/yr vs 0.03%/yr for SPTL.
Performance
USSH vs. SPTL - Performance Comparison
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Returns By Period
In the year-to-date period, USSH achieves a 0.70% return, which is significantly higher than SPTL's -3.28% return.
USSH
- 1D
- -0.04%
- 1M
- 0.05%
- 6M
- 0.48%
- YTD
- 0.70%
- 1Y
- 2.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.02%
SPTL
- 1D
- -0.67%
- 1M
- -3.50%
- 6M
- -3.17%
- YTD
- -3.28%
- 1Y
- -1.73%
- 3Y*
- -0.59%
- 5Y*
- -7.09%
- 10Y*
- -1.81%
- ALL TIME*
- 3.09%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $141.08M | $126.11M | $146.73M | |
| $33.16K | $50.11K | $69.36K |
USSH vs. SPTL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
USSH WisdomTree 1-3 Year Laddered Treasury Fund | 0.70% | 5.00% | 3.87% |
SPTL SPDR Portfolio Long Term Treasury ETF | -3.28% | 5.28% | -2.96% |
Correlation
The correlation between USSH and SPTL is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.67 |
Correlation (All Time) Calculated using the full available price history since Mar 14, 2024 | 0.68 |
The correlation between USSH and SPTL has been stable across timeframes, ranging from 0.67 to 0.68 - a consistent structural relationship.
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Return for Risk
USSH vs. SPTL — Risk / Return Rank
USSH
SPTL
USSH vs. SPTL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree 1-3 Year Laddered Treasury Fund (USSH) and SPDR Portfolio Long Term Treasury ETF (SPTL). 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.
| USSH | SPTL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.30 | ||
| Sortino ratioReturn per unit of downside risk | +3.65 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.00 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 3.41 | -0.06 | +3.47 |
| Martin ratioReturn relative to average drawdown | 12.82 | -0.14 | +12.96 |
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Drawdowns
USSH vs. SPTL - Drawdown Comparison
The maximum USSH drawdown since its inception was -1.01%, smaller than the maximum SPTL drawdown of -46.20%. Use the drawdown chart below to compare losses from any high point for USSH and SPTL.
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Drawdown Indicators
| USSH | SPTL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.01% | -46.20% | +45.19% |
Max Drawdown (1Y)Largest decline over 1 year | -0.87% | -7.09% | +6.22% |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.39% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -41.02% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.20% | — |
Current DrawdownCurrent decline from peak | -0.05% | -38.71% | +38.66% |
Average DrawdownAverage peak-to-trough decline | -0.20% | -14.43% | +14.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.23% | 3.21% | -2.98% |
Volatility
USSH vs. SPTL - Volatility Comparison
The current volatility for WisdomTree 1-3 Year Laddered Treasury Fund (USSH) is 0.36%, while SPDR Portfolio Long Term Treasury ETF (SPTL) has a volatility of 2.26%. This indicates that USSH experiences smaller price fluctuations and is considered to be less risky than SPTL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USSH | SPTL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.36% | 2.26% | -1.90% |
Volatility (6M)Calculated over the trailing 6-month period | 1.02% | 6.39% | -5.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.33% | 8.51% | -7.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.53% | 14.50% | -12.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.53% | 13.88% | -12.35% |
USSH vs. SPTL - Expense Ratio Comparison
USSH has a 0.15% expense ratio, which is higher than SPTL's 0.03% 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%.
Dividends
USSH vs. SPTL - Dividend Comparison
USSH's dividend yield for the trailing twelve months is around 3.65%, less than SPTL's 4.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPTL SPDR Portfolio Long Term Treasury ETF | 3.99% | 4.12% | 4.03% | 3.24% | 2.75% | 1.68% | 1.71% | 2.45% | 2.69% | 2.53% | 2.56% | 2.60% |
USSH WisdomTree 1-3 Year Laddered Treasury Fund | 3.65% | 3.67% | 3.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
USSH and SPTL have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPTL has higher volatility (2.26%) compared to USSH (0.36%). In terms of maximum drawdown, USSH dropped -1.01% vs SPTL's -46.20%.
On 1-year performance, USSH leads with 2.44% vs -1.73% for SPTL. On fees, SPTL is cheaper at 0.03% per year. On volatility, USSH has been the lower-risk option at 0.36%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, USSH has performed better with a 2.44% return vs -1.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPTL is cheaper with a 0.03% expense ratio, compared with 0.15% for USSH.
SPTL has the higher dividend yield at 3.99%, compared with 3.65% for USSH.
USSH tracks Bloomberg US Treasury 1-3 Year Laddered Index, while SPTL tracks Bloomberg Long U.S. Treasury Index. They also come from different issuers: WisdomTree and State Street. Their fees differ too: 0.15% for USSH and 0.03% for SPTL.
USSH currently has the higher Sharpe Ratio (2.25 vs -0.05), 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.
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