SPTL — State Street SPDR Portfolio Long Term Treasury ETF

SPTL Price Performance — Growth of $10,000

Value of a $10,000 investment in SPTL 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.

SPTL Drawdown

The "underwater" chart: SPTL'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 Long Term Treasury ETF is a US Government bond fund managed by State Street Investment Management with $11.1 billion in assets. It holds a C grade and ranks 17th out of 22 peers in its category, placing it in the lower tier of similar funds. The fund’s 0.03% expense ratio is significantly below the category median of 0.07%, offering a cost advantage to investors. Its 4.34% dividend yield also exceeds the category median of 3.84%, providing a higher income profile. The top ten holdings represent 21.4% of assets, with the largest position being United States Treasury at 2.2%.

The fund’s rating was upgraded from D to C on 2026-07-31, reflecting a slight improvement in its overall assessment. Price history is available for only 3.0 years, limiting the depth of historical analysis. The fund is currently priced at $25.12, which sits at 9.5% of its 52-week range. Short-term performance shows a -0.30% decline over one week, while the one-month return is +0.14%. Over the longer term, the three-year return is +2.45%, contrasting with a -0.80% one-year return that trails the category median of +0.33%.

With a beta of 2.24, the fund exhibits high sensitivity to market movements compared to the broader market. Annualized volatility is labeled as Low at 8.52%, yet the Sharpe ratio is negative at -0.68, indicating poor risk-adjusted returns. The maximum drawdown of -13.39% highlights the potential for significant capital erosion during downturns. Liquidity is supported by an average daily volume of 5,035,803 shares, though the bid/ask spread of 1.47% suggests higher trading costs. The overall rank of 371 out of 458 tracked ETFs underscores its weaker standing across all categories.

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

SPTL Top Holdings

Holdings as of 2026-06-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 21.4% 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 SPTL's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With SPTL

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with SPTL's top 10 — AGG overlaps most, holding 1 of the same companies as SPTL's top 10 (21.4% of SPTL'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: 4.77% (as of 2026-09-03) — 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): 14.32 (as of 2026-09-03) — 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 2026-08-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

SPTL Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 1.47% and average daily volume is 5.0M/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 $11.1B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: SPTL 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.

SPTL Performance History

How SPTL Compares to Other US Bonds - Government ETFs