VETZ vs. SPTL

Last updated Apr 1, 2026

Compare and contrast key facts about Academy Veteran Impact ETF (VETZ) and SPDR Portfolio Long Term Treasury ETF (SPTL).

VETZ and SPTL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VETZ is an actively managed fund by Academy. It was launched on Aug 1, 2023. SPTL is a passively managed fund by State Street that tracks the performance of the Bloomberg Long U.S. Treasury Index. It was launched on May 23, 2007.

Performance

VETZ vs. SPTL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Academy Veteran Impact ETF (VETZ) and SPDR Portfolio Long Term Treasury ETF (SPTL). The values are adjusted to include any dividend payments, if applicable.

VETZ vs. SPTL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
VETZ Academy Veteran Impact ETF	0.76%	8.02%	2.22%	3.97%
SPTL SPDR Portfolio Long Term Treasury ETF	0.01%	5.28%	-6.23%	3.71%

Returns By Period

In the year-to-date period, VETZ achieves a 0.76% return, which is significantly higher than SPTL's 0.01% return.

VETZ

• 1D: 0.35%
• 1M: -1.24%
• YTD: 0.76%
• 6M: 2.92%
• 1Y: 5.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPTL

• 1D: 0.04%
• 1M: -3.93%
• YTD: 0.01%
• 6M: -0.43%
• 1Y: 0.50%
• 3Y*: -1.55%
• 5Y*: -4.88%
• 10Y*: -0.87%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VETZ vs. SPTL - Expense Ratio Comparison

VETZ has a 0.35% expense ratio, which is higher than SPTL's 0.03% expense ratio.

VETZ

Academy Veteran Impact ETF

SPTL

SPDR Portfolio Long Term Treasury ETF

Return for Risk

VETZ vs. SPTL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VETZ

VETZ Risk / Return Rank: 61
VETZ Sharpe Ratio Rank: 59
VETZ Sortino Ratio Rank: 59
VETZ Omega Ratio Rank: 48
VETZ Calmar Ratio Rank: 78
VETZ Martin Ratio Rank: 61

SPTL

SPTL Risk / Return Rank: 14
SPTL Sharpe Ratio Rank: 13
SPTL Sortino Ratio Rank: 12
SPTL Omega Ratio Rank: 12
SPTL Calmar Ratio Rank: 15
SPTL Martin Ratio Rank: 15

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VETZ vs. SPTL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Academy Veteran Impact ETF (VETZ) 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.

	VETZ	SPTL	Difference
Sharpe ratio Return per unit of total volatility	1.08	0.05	+1.03
Sortino ratio Return per unit of downside risk	1.55	0.14	+1.41
Omega ratio Gain probability vs. loss probability	1.19	1.02	+0.17
Calmar ratio Return relative to maximum drawdown	2.17	0.16	+2.01
Martin ratio Return relative to average drawdown	6.19	0.34	+5.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VETZ vs. SPTL - Sharpe Ratio Comparison

The current VETZ Sharpe Ratio is 1.08, which is higher than the SPTL Sharpe Ratio of 0.05. The chart below compares the historical Sharpe Ratios of VETZ and SPTL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	VETZ	SPTL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.08	0.05	+1.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.34	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.06	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.90	0.24	+0.66

Correlation

The correlation between VETZ and SPTL is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

VETZ vs. SPTL - Dividend Comparison

VETZ's dividend yield for the trailing twelve months is around 6.11%, more than SPTL's 4.15% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VETZ Academy Veteran Impact ETF	5.62%	6.14%	5.89%	1.88%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPTL SPDR Portfolio Long Term Treasury ETF	3.80%	4.12%	4.03%	3.24%	2.75%	1.68%	1.71%	2.45%	2.69%	2.53%	2.56%	2.60%

Drawdowns

VETZ vs. SPTL - Drawdown Comparison

The maximum VETZ drawdown since its inception was -5.16%, smaller than the maximum SPTL drawdown of -46.20%. Use the drawdown chart below to compare losses from any high point for VETZ and SPTL.

Drawdown Indicators

	VETZ	SPTL	Difference
Max Drawdown Largest peak-to-trough decline	-5.16%	-46.20%	+41.04%
Max Drawdown (1Y) Largest decline over 1 year	-2.77%	-8.44%	+5.67%
Max Drawdown (5Y) Largest decline over 5 years	—	-41.02%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-46.20%	—
Current Drawdown Current decline from peak	-1.24%	-36.62%	+35.38%
Average Drawdown Average peak-to-trough decline	-1.31%	-14.03%	+12.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.97%	3.84%	-2.87%

Volatility

VETZ vs. SPTL - Volatility Comparison

The current volatility for Academy Veteran Impact ETF (VETZ) is 2.05%, while SPDR Portfolio Long Term Treasury ETF (SPTL) has a volatility of 3.50%. This indicates that VETZ 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.

Volatility by Period

	VETZ	SPTL	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.05%	3.50%	-1.45%
Volatility (6M) Calculated over the trailing 6-month period	3.39%	6.01%	-2.62%
Volatility (1Y) Calculated over the trailing 1-year period	5.52%	10.34%	-4.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.27%	14.65%	-8.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.27%	13.98%	-7.71%