SPTI — State Street SPDR Portfolio Intermediate Term Treasury ETF

SPTI Price Performance — Growth of $10,000

Value of a $10,000 investment in SPTI over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

SPTI Drawdown

The "underwater" chart: SPTI's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The State Street SPDR Portfolio Intermediate Term Treasury ETF (SPTI) operates within the US Bonds - Government category, which currently contains 22 ETFs tracked by ETFValuer. Issued by State Street Investment Management, this fund has accumulated assets under management of $10.2 billion and trades at a price of $28.06. It holds an overall rank of #331 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of C with a score of 54.6 out of 100. The fund offers a low expense ratio of 0.03% while providing a dividend yield of 3.85%. The substantial asset size and low cost structure suggest significant investor adoption relative to the broader universe of 458 funds. Despite its high ranking position in the lower half of the total tracked universe, the fund maintains a notable presence within its specific government bond category.

Over the last day, the fund posted a return of +0.14%, though it subsequently declined by -0.67% over the one-week period. The one-month return of -0.84% extended into a three-month decline of -1.04%, indicating a sustained negative trend in the short term. Year-to-date performance stands at -0.77%, while the six-month return shows a slight recovery to -0.53%. In contrast to recent short-term weakness, the one-year return is positive at +2.12%, and the three-year return is significantly higher at +11.24%. This pattern illustrates a divergence where long-term performance remains robust despite recent short-term headwinds.

SPTI carries a volatility label of Very Low and a beta of 0.78, suggesting the fund moves less than the broader market and exhibits lower price fluctuations. The maximum drawdown recorded is -4.35%, which aligns with the fund's classification as a lower-risk vehicle. However, the Sharpe ratio of -0.85 indicates that the risk-adjusted returns have been negative over the measured period. This combination of low volatility and a negative Sharpe ratio implies that while the fund limits downside severity, it has not generated sufficient excess return to compensate for the risk taken. The fund's behavior reflects a defensive profile that prioritizes capital preservation over aggressive growth during the analyzed timeframe.

AI-generated summary based on the data on this page.

SPTI Top Holdings

Holdings as of 2026-03-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 18.7% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how SPTI's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With SPTI

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with SPTI's top 10 — AGG overlaps most, holding 1 of the same companies as SPTI's top 10 (18.7% of SPTI's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.71% (as of 2026-07-23) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.70 (as of 2026-07-23) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

SPTI Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 3.09% and average daily volume is 2.5M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $10.2B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: SPTI is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

SPTI Performance History

How SPTI Compares to Other US Bonds - Government ETFs