SPTS — State Street SPDR Portfolio Short Term Treasury ETF

SPTS Price Performance — Growth of $10,000

Value of a $10,000 investment in SPTS 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.

SPTS Drawdown

The "underwater" chart: SPTS'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 Short Term Treasury ETF (SPTS) is a government bond fund issued by State Street Investment Management with $7.19 billion in assets. It holds a C grade and ranks 10th out of 22 peers in the US Bonds - Government category, placing it in the middle of its group. The fund’s 0.03% expense ratio is significantly lower than the category median of 0.07%, offering a cost advantage to investors. Its dividend yield of 3.87% sits slightly below the category median of 3.92%, while the top ten holdings represent only 14.0% of assets, with the largest position being United States Treasury at 1.8%.

SPTS has delivered a 1-year return of 1.74%, outperforming the category median of -1.42% over the same period. Short-term momentum is evident with a 1-month gain of 0.86% and a year-to-date increase of 1.17%, contrasting with a flatter 3-month return of 0.49%. The fund’s price of $28.78 currently sits at 24.4% of its 52-week range, indicating it is trading near the lower end of recent historical levels. The ETFValuer grade has remained unchanged at C over the last 35 tracked days, suggesting stable evaluation metrics. Performance history is available for 3.0 years, providing a limited but sufficient record for recent trend analysis.

With a beta of 0.24, the fund exhibits low sensitivity to broader market movements, moving less than a quarter of the market's volatility. Annualized volatility is rated as Very Low at 1.34%, and the maximum drawdown has been minimal at -0.96%. However, the Sharpe ratio of -2.44 indicates that risk-adjusted returns have been negative relative to the risk-free rate during the measurement period. Liquidity is robust, with an average daily volume of 2,463,085 shares facilitating easy entry and exit. These metrics collectively describe a fund that has experienced low price fluctuation and limited downside, albeit with poor risk-adjusted performance.

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

SPTS Top Holdings

Holdings as of 2026-06-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 14.0% 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 SPTS's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With SPTS

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with SPTS's top 10 — AGG overlaps most, holding 1 of the same companies as SPTS's top 10 (14.0% of SPTS'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: 4.96% (as of 2026-10-22) — 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): 19.03 (as of 2026-10-22) — 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: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

SPTS Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 2.5M/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $7.19B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: SPTS 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.

SPTS Performance History

How SPTS Compares to Other US Bonds - Government ETFs