USVN vs. SPTS
USVN (US Treasury 7 Year Note ETF) and SPTS (SPDR Portfolio Short Term Treasury ETF) are both Government Bonds funds - USVN tracks the ICE BofA Current 7-Year US Treasury Index - Benchmark TR Gross while SPTS tracks the Bloomberg U.S. Treasury 1-3 Year Index. Both are passively managed. Over the past 3 years, USVN returned 2.70%/yr vs 4.18%/yr for SPTS. Their correlation of 0.84 suggests significant overlap in exposure. USVN charges 0.15%/yr vs 0.03%/yr for SPTS.
Performance
USVN vs. SPTS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, USVN achieves a -0.70% return, which is significantly lower than SPTS's 0.45% return.
USVN
- 1D
- -0.22%
- 1M
- -0.18%
- YTD
- -0.70%
- 6M
- -1.08%
- 1Y
- 3.56%
- 3Y*
- 2.70%
- 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%
USVN vs. SPTS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
USVN US Treasury 7 Year Note ETF | -0.70% | 7.66% | 0.03% | 0.67% |
SPTS SPDR Portfolio Short Term Treasury ETF | 0.45% | 5.05% | 4.20% | 2.67% |
Correlation
The correlation between USVN and SPTS is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 2023 | 0.84 |
The correlation between USVN and SPTS has been stable across timeframes, ranging from 0.83 to 0.87 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
USVN vs. SPTS — Risk / Return Rank
USVN
SPTS
USVN vs. SPTS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for US Treasury 7 Year Note ETF (USVN) 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.
| USVN | SPTS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.79 | ||
| Sortino ratioReturn per unit of downside risk | -3.20 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.55 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | 0.97 | 4.13 | -3.15 |
| Martin ratioReturn relative to average drawdown | 2.89 | 16.52 | -13.64 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| USVN | SPTS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 2.63 | -1.79 |
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 | 0.41 | 0.49 | -0.08 |
Drawdowns
USVN vs. SPTS - Drawdown Comparison
The maximum USVN drawdown since its inception was -8.27%, which is greater than SPTS's maximum drawdown of -5.83%. Use the drawdown chart below to compare losses from any high point for USVN and SPTS.
Loading charts...
Drawdown Indicators
| USVN | SPTS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.27% | -5.83% | -2.44% |
Max Drawdown (1Y)Largest decline over 1 year | -3.68% | -0.84% | -2.84% |
Max Drawdown (3Y)Largest decline over 3 years | -5.89% | -0.96% | -4.93% |
Max Drawdown (5Y)Largest decline over 5 years | — | -5.71% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -5.71% | — |
Current DrawdownCurrent decline from peak | -2.67% | -0.28% | -2.39% |
Average DrawdownAverage peak-to-trough decline | -2.34% | -1.72% | -0.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.24% | 0.21% | +1.03% |
Volatility
USVN vs. SPTS - Volatility Comparison
US Treasury 7 Year Note ETF (USVN) has a higher volatility of 1.37% compared to SPDR Portfolio Short Term Treasury ETF (SPTS) at 0.34%. This indicates that USVN'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.
Loading charts...
Volatility by Period
| USVN | SPTS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.37% | 0.34% | +1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.98% | 0.86% | +2.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.26% | 1.32% | +2.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.79% | 1.98% | +3.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.79% | 1.72% | +4.07% |
USVN vs. SPTS - Expense Ratio Comparison
USVN has a 0.15% expense ratio, which is higher than SPTS'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
USVN vs. SPTS - Dividend Comparison
USVN's dividend yield for the trailing twelve months is around 3.75%, less 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% |
USVN US Treasury 7 Year Note ETF | 3.75% | 3.81% | 4.07% | 2.91% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
USVN and SPTS have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USVN has higher volatility (1.37%) compared to SPTS (0.34%). In terms of maximum drawdown, USVN dropped -8.27% vs SPTS's -5.83%.
On 3-year performance, SPTS leads with 4.18% vs 2.70% for USVN. 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.
Over the 3-year period, SPTS has performed better with a 4.18% return vs 2.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPTS is cheaper with a 0.03% expense ratio, compared with 0.15% for USVN.
SPTS has the higher dividend yield at 3.91%, compared with 3.75% for USVN.
USVN tracks ICE BofA Current 7-Year US Treasury Index - Benchmark TR Gross, while SPTS tracks Bloomberg U.S. Treasury 1-3 Year Index. They also come from different issuers: US Benchmark Series and State Street. Their fees differ too: 0.15% for USVN and 0.03% for SPTS.
SPTS currently has the higher Sharpe Ratio (2.63 vs 0.84), 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.
Find the right allocation for USVN and SPTS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer