VUSTX vs. SPTL
Compare and contrast key facts about Vanguard Long-Term Treasury Fund Investor Shares (VUSTX) and SPDR Portfolio Long Term Treasury ETF (SPTL).
VUSTX is managed by Vanguard. It was launched on May 19, 1986. SPTL is a passively managed fund by State Street that tracks the performance of the Bloomberg US Aggregate Government - Treasury - Long. It was launched on May 23, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VUSTX or SPTL.
Key characteristics
| VUSTX | SPTL | |
|---|---|---|
| YTD Return | -2.91% | -2.71% |
| 1Y Return | 9.56% | 9.31% |
| 3Y Return (Ann) | -10.78% | -10.67% |
| 5Y Return (Ann) | -6.60% | -4.57% |
| 10Y Return (Ann) | -1.57% | 0.17% |
| Sharpe Ratio | 0.74 | 0.72 |
| Sortino Ratio | 1.13 | 1.09 |
| Omega Ratio | 1.13 | 1.13 |
| Calmar Ratio | 0.21 | 0.23 |
| Martin Ratio | 1.95 | 1.84 |
| Ulcer Index | 5.19% | 5.32% |
| Daily Std Dev | 13.70% | 13.63% |
| Max Drawdown | -51.32% | -46.20% |
| Current Drawdown | -43.29% | -37.55% |
Correlation
The correlation between VUSTX and SPTL is 0.96, 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.
Performance
VUSTX vs. SPTL - Performance Comparison
In the year-to-date period, VUSTX achieves a -2.91% return, which is significantly lower than SPTL's -2.71% return. Over the past 10 years, VUSTX has underperformed SPTL with an annualized return of -1.57%, while SPTL has yielded a comparatively higher 0.17% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VUSTX vs. SPTL - Expense Ratio Comparison
VUSTX has a 0.20% expense ratio, which is higher than SPTL's 0.06% 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%.
Risk-Adjusted Performance
VUSTX vs. SPTL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Treasury Fund Investor Shares (VUSTX) 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.
Dividends
VUSTX vs. SPTL - Dividend Comparison
VUSTX's dividend yield for the trailing twelve months is around 3.82%, which matches SPTL's 3.81% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VUSTX Vanguard Long-Term Treasury Fund Investor Shares | 3.82% | 3.32% | 2.95% | 1.88% | 2.01% | 2.53% | 2.82% | 2.65% | 2.85% | 2.88% | 2.87% | 3.41% |
SPTL SPDR Portfolio Long Term Treasury ETF | 3.81% | 3.24% | 2.75% | 1.68% | 1.71% | 2.45% | 2.69% | 2.53% | 2.56% | 2.60% | 2.64% | 2.98% |
Drawdowns
VUSTX vs. SPTL - Drawdown Comparison
The maximum VUSTX drawdown since its inception was -51.32%, which is greater than SPTL's maximum drawdown of -46.20%. Use the drawdown chart below to compare losses from any high point for VUSTX and SPTL. For additional features, visit the drawdowns tool.
Volatility
VUSTX vs. SPTL - Volatility Comparison
Vanguard Long-Term Treasury Fund Investor Shares (VUSTX) and SPDR Portfolio Long Term Treasury ETF (SPTL) have volatilities of 4.45% and 4.47%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.