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 3.27% vs 5.22% for SPTL. A 0.68 correlation means they provide meaningful diversification when combined. 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 0.39% return, which is significantly higher than SPTL's -0.38% return.
USSH
- 1D
- -0.06%
- 1M
- 0.06%
- YTD
- 0.39%
- 6M
- 0.66%
- 1Y
- 3.27%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPTL
- 1D
- -0.38%
- 1M
- 0.71%
- YTD
- -0.38%
- 6M
- -1.67%
- 1Y
- 5.22%
- 3Y*
- -0.70%
- 5Y*
- -5.32%
- 10Y*
- -1.12%
USSH vs. SPTL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
USSH WisdomTree 1-3 Year Laddered Treasury Fund | 0.39% | 5.00% | 3.87% |
SPTL SPDR Portfolio Long Term Treasury ETF | -0.38% | 5.28% | -1.54% |
Correlation
The correlation between USSH and SPTL is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Mar 15, 2024 | 0.68 |
The correlation between USSH and SPTL has been stable across timeframes, ranging from 0.68 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.
| USSH | SPTL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.96 | ||
| Sortino ratioReturn per unit of downside risk | +3.38 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.10 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 3.76 | 0.74 | +3.01 |
| Martin ratioReturn relative to average drawdown | 14.91 | 1.94 | +12.97 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| USSH | SPTL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.54 | 0.59 | +1.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.37 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.08 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.74 | 0.24 | +2.50 |
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% | -7.04% | +6.17% |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.55% | — |
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 | -0.33% | -36.87% | +36.54% |
Average DrawdownAverage peak-to-trough decline | -0.20% | -14.24% | +14.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.22% | 2.69% | -2.47% |
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 2.63%. 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% | 2.63% | -2.27% |
Volatility (6M)Calculated over the trailing 6-month period | 0.88% | 5.97% | -5.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.29% | 8.92% | -7.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.53% | 14.63% | -13.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.53% | 13.95% | -12.42% |
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 3.64%, less than SPTL's 4.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPTL SPDR Portfolio Long Term Treasury ETF | 4.21% | 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 | 3.64% | 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 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPTL has higher volatility (2.63%) compared to USSH (0.36%). In terms of maximum drawdown, USSH dropped -1.01% vs SPTL's -46.20%.
On 1-year performance, SPTL leads with 5.22% vs 3.27% for USSH. 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, SPTL has performed better with a 5.22% return vs 3.27%. 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 4.21%, compared with 3.64% 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 (2.54 vs 0.59), 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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