SPTS
SPDR Portfolio Short Term Treasury ETF

Price: $28.91
Change: $0.09 (-0.0%)
Category: Government Bonds
Last Updated:

Vitals

Issuer State Street
Brand SPDR
Structure ETF
Expense Ratio 0.06%
ETF Home Page Home page
Inception Nov 30, 2011
Index Tracked Bloomberg US Treasury (1-3 Y) (Inception 4/30/1996)

Analyst Report

The SPDR Portfolio Short Term Treasury ETF (SPTS) tracks an index of short-term U.S. Treasuries. The ETF invests in Treasuries with a remaining maturity of one to three years. The ETF provides minimal credit risk and low interest-rate risk. By investing in shorter-term securities, SPTS reduces duration, a measure of bond price sensitivity to interest rate changes. Typically bond prices fall when rates rise. Like most SPDR “Portfolio” ETFs, SPTS is priced competitively with ultra-low-cost rivals like the Vanguard Short-Term Treasury ETF (VGSH) and the Schwab Short-Term U.S. Treasury ETF (SCHO).


For those willing to take on more credit risk, ultra-short debt ETFs are another popular option for investors looking for a relatively safe way to eke out more yield than brokerage sweep accounts or long-term Treasuries. There are several competitors, such as the JPMorgan Ultra-Short Income ETF (JPST), the iShares Ultra Short-Term Bond ETF (ICSH), and the Goldman Sachs Access Ultra Short Bond ETF (GSST).


State Street launched its ultra-low-cost SPDR Portfolio lineup in October 2017 after years of losing market share to cheaper rivals at BlackRock, Schwab, and Vanguard. This was a humiliating setback since State Street essentilly founded the modern ETF market in 1993 with the launch of the SPDR S&P 500 ETF Trust (SPY). State Street was late to the ultra-low-cost space — BlackRock launched its low-cost iShares Core series five years earlier — but has pushed hard to make up ground. Many of its SPDR Portfolio funds were renamed and repriced for this purpose. Prior to October 2017, SPTS traded under the name SPDR Bloomberg Barclays Short Term Treasury ETF and the ticker SST.

ETF Database Themes

Category Government Bonds
Asset Class Bond
Region (General) North America
Region (Specific) U.S.
Bond Type(s) Treasuries
Bond Duration Short-Term

FactSet Classifications

Segment Fixed Income: U.S. - Government, Treasury Investment Grade Short-Term
Category Government, Treasury
Focus Investment Grade
Niche Short-Term
Strategy Vanilla
Weighting Scheme Market Value

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $28.47
  • 52 Week Hi $29.77
  • AUM $4,057.4 M
  • Shares 139.5 M

Historical Trading Data

  • 1 Month Avg. Volume 2,705,767
  • 3 Month Avg. Volume 2,828,037

Alternative ETFs in the ETF Database Government Bonds Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest SCHO 0.03% $13.1 B 3 M 0.34%
Largest (AUM) TLT 0.15% $31.6 B 21 M 6.65%
Most Liquid (Volume) TLT 0.15% $31.6 B 21 M 6.65%
Top YTD Performer ZROZ 0.15% $848.4 M 287,183 9.99%

Alternative ETFs in the FactSet Fixed Income: U.S. - Government, Treasury Investment Grade Short-Term Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest SCHO 0.03% $13.1 B 3 M 0.34%
Largest (AUM) SHY 0.15% $27.5 B 6 M 0.31%
Most Liquid (Volume) SHY 0.15% $27.5 B 6 M 0.31%
Top YTD Performer HIGH 0.51% $2.5 M 2,790 1.14%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

SPTS ETF Database Category Average FactSet Segment Average
Number of Holdings 94 52 43
% of Assets in Top 10 26.11% 61.05% 49.55%
% of Assets in Top 15 35.24% 73.48% 59.85%
% of Assets in Top 50 81.01% 93.19% 81.90%

Size Comparison

SPTS ETF Database Category Average FactSet Segment Average
Large (>12.9B) N/A N/A N/A
Mid (>2.7B) N/A N/A N/A
Small (>600M) N/A N/A N/A
Micro (<600M) N/A N/A N/A

SPTS Valuation

This section compares the P/E ratio of this ETF to its peers.

SPTS
P/E Ratio
N/A
ETF Database Category Average
P/E Ratio
N/A
FactSet Segment Average
P/E Ratio
N/A

SPTS Dividend

This section compares the dividend yield of this ETF to its peers.

SPTS ETF Database Category Average FactSet Segment Average
Dividend $ 0.01 $ 0.06 $ 0.01
Dividend Date 2021-11-01 N/A N/A
Annual Dividend Rate $ 0.07 $ 0.57 $ 0.15
Annual Dividend Yield 0.24% 0.75% 0.29%

SPTS Price and Volume Charts

View charts featuring SPTS price and volume data.

SPTS Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: -31.98 M 1 Month Net Flows: 174.02 M 3 Month Net Flows: 170.46 M 6 Month Net Flows: 703.92 M 1 Year Net Flows: 385.89 M 3 Year Net Flows: 2.17 B 5 Year Net Flows: 3.9 B 10 Year Net Flows: 4.18 B

SPTS Price vs Flows AUM Influence Charts

View charts that break down the influence that fund flows and price had on overall assets.

5 Day Net AUM Change: 73.32 M
1 Month Net AUM Change: 198.65 M
3 Month Net AUM Change: 303.62 M
6 Month Net AUM Change: 668.61 M
1 Year Net AUM Change: 313.69 M
3 Year Net AUM Change: 2.03 B
5 Year Net AUM Change: 3.78 B
10 Year Net AUM Change: 4.05 B

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for SPTS on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the Government Bonds with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.

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Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A- TLT
Expenses A BIL
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

SPTS Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

SPTS
Expense Ratio
0.06%
ETF Database Category Average
Expense Ratio
0.15%
FactSet Segment Average
Expense Ratio
0.15%

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions Ordinary income
Distributes K1 No
ESG Themes and Scores
5.48/10
ESG Score
28.5%
Global Percentile
10.64%
Peer Percentile
Environmental
Social
Governance
  • Environmental Scores
    • Revenue Exposure to Environmental Impact (%)
      Higher is better, no ESG score impact
    • Severe Environment Controversies (%)
      Lower improves ESG score
    • Sustainable Impact Solutions (%)
      0.0%
      Higher is better, no ESG score impact
    Carbon Intensity
    • Weighted Average Carbon Intensity (Tons of CO2e / $M Sales)
      1.5
      Higher is worse, no ESG score impact
    Fossil Fuel Reserves
    • Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • High Impact Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    Water Stress
    • Water Stress High Risk Business Segment (%)
      Lower improves ESG score
    • Water Stress High Risk Geography (%)
      Lower improves ESG score
    • Water Stress Exposure Moderate (%)
      Lower improves ESG score
    • Water Stress Exposure High (%)
      Lower improves ESG score
    • Water Stress Exposure Low (%)
      Higher improves ESG score
    Energy Efficiency
    • Revenue Exposure to Energy Efficiency (%)
      Higher is better, no ESG score impact
    Alternative Energy
    • Revenue Exposure to Alternative Energy (%)
      Higher is better, no ESG score impact
    Green Building
    • Revenue Exposure to Green Building (%)
      Higher is better, no ESG score impact
    Pollution Prevention
    • Revenue Exposure to Pollution Prevention (%)
      Higher is better, no ESG score impact
    Water Sustainability
    • Revenue Exposure to Water Sustainability (%)
      Higher is better, no ESG score impact
  • Social Scores
    • Revenue Exposure to Social Impact (%)
      Higher is better, no ESG score impact
    • Sustainable Impact Solutions (%)
      0.0%
      Higher is better, no ESG score impact
    • SRI Exclusion Criteria (%)
      0.0%
      Higher is worse, no ESG score impact
    Affordable Real Estate
    • Revenue Exposure to Affordable Real Estate (%)
      Higher is better, no ESG score impact
    Education
    • Revenue Exposure to Education (%)
      Higher is better, no ESG score impact
    Major Disease Treatment
    • Revenue Exposure to Major Disease Treatment (%)
      Higher is better, no ESG score impact
    Healthy Nutrition
    • Revenue Exposure to Nutrition (%)
      Higher is better, no ESG score impact
    Global Sanitation
    • Revenue Exposure to Sanitation (%)
      Higher is better, no ESG score impact
    SME Finance
    • Revenue Exposure to SME Finance (%)
      Higher is better, no ESG score impact
    Human Rights Violations
    • Human Rights Norms Violation (%)
      Higher is worse, no ESG score impact
    • Human Rights Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Human Rights Controversies (%)
      Lower improves ESG score
    Labor Rights Violations
    • Labor Norms Violation (%)
      Higher is worse, no ESG score impact
    • Labor Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Labor Controversies (%)
      Lower improves ESG score
    Customer Controversies
    • Severe Customer Controversies (%)
      Lower improves ESG score
    UN Principles Violations
    • Global Compact Compliance Violation (%)
      Higher is worse, no ESG score impact
    • Global Compact Compliance Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    Catholic Values
    • Catholic Values Fail (%)
      Higher is worse, no ESG score impact
    Sharia Compliant Investing
    • Islamic Non-Compliant (%)
      Higher is worse, no ESG score impact
    Adult Entertainment
    • Adult Entertainment Involvement (%)
      Higher is worse, no ESG score impact
    Alcohol
    • Alcohol Involvement (%)
      Higher is worse, no ESG score impact
    Gambling
    • Gambling Involvement (%)
      Higher is worse, no ESG score impact
    Nuclear Power
    • Nuclear Power Involvement (%)
      Higher is worse, no ESG score impact
    Tobacco
    • Tobacco Involvement (%)
      Higher is worse, no ESG score impact
    Weapons Involvement
    • Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Controversies Weapons Involvement (%)
      Higher is worse, no ESG score impact
    Firearms
    • Civilian Firearms Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Retailer (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Producer (%)
      Higher is worse, no ESG score impact
    Predatory Lending
    • Direct Predatory Lending Involvement (%)
      Higher is worse, no ESG score impact
    GMO Involvement
    • Genetic Engineering Involvement (%)
      Higher is worse, no ESG score impact
  • Responsible Governance Score
    • Severe Governance Controversies (%)
      Lower improves ESG score
    Board Flag
    • Board Flag (%)
      Lower improves ESG score
    Board Independence
    • Lack of Independent Board Majority (%)
      Lower improves ESG score
    • Board Independence (0-25%) (%)
      Lower improves ESG score
    • Board Independence (25-50%) (%)
      Lower improves ESG score
    • Board Independence (50-75%) (%)
      Higher improves ESG score
    • Board Independence (75-100%) (%)
      Higher improves ESG score
    Board Diversity
    • No Female Directors (%)
      Lower improves ESG score
    • Three OR More Female Directors (%)
      Higher improves ESG score
    • Females Represent 30% of Directors (%)
      Higher improves ESG score
    Entrenched Board
    • Entrenched Board (%)
      Lower improves ESG score
    Overboarding
    • Overboarding (%)
      Lower improves ESG score
    Shareholder Rights
    • Negative Director Votes (%)
      Lower improves ESG score
    • Ownership AND Control Flag (%)
      Lower improves ESG score
    • One Share One Vote (%)
      Lower improves ESG score
    • No Annual Director Elections (%)
      Lower improves ESG score
    • Does Not Use Majority Voting (%)
      Lower improves ESG score
    • Significant Votes Against Pay Practices (%)
      Lower improves ESG score
    Fund Ownership
    • Controlling Shareholder (%)
      Lower improves ESG score
    • Controlling Shareholder Concerns (%)
      Lower improves ESG score
    • Cross Shareholdings (%)
      Lower improves ESG score
    Poison Pill
    • Poison Pill (%)
      Lower improves ESG score
    Executive Compensation
    • Pay Flag (%)
      Lower improves ESG score
    • No Pay Performance Link (%)
      Lower improves ESG score
    • Lack of Internal Pay Equity (%)
      Lower improves ESG score
    • Executive Pay Non-Disclosure (%)
      Lower improves ESG score
    Accounting Flags
    • Accounting Flag (%)
      Lower improves ESG score

SPTS Performance

This section shows how this ETF has performed relative to its peers.

SPTS ETF Database
Category Average 		Factset Segment
Average
1 Month Return 0.20% 1.06% 0.36%
3 Month Return 1.35% 5.00% 1.44%
YTD Return 0.31% 2.24% 0.44%
1 Year Return -2.67% -6.85% -1.48%
3 Year Return -1.54% -3.87% -0.64%
5 Year Return 3.82% 1.01% 1.52%

Geographic Exposure

The following charts reflect the geographic spread of SPTS's underlying holdings.

Holdings Analysis

The following charts reflect the allocation of SPTS's underlying holdings.

Asset Percentage
Sovereign 99.72%
Open-ended Fund 0.27%
Bond Sector Percentage
Maturity Percentage
Less Than 1 Year 0.0%
1-3 Years 0.0%
3-5 Years 0.0%
5-7 Years 0.0%
7-10 Years 0.0%
10-15 Years 0.0%
15-20 Years 0.0%
20-30 Years 0.0%
30+ Years 0.0%
 
View Less Charts
 
Asset Percentage
Sovereign 99.72%
Open-ended Fund 0.27%
 
View More Charts
 

SPTS Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETF Database Category.

5 Day Volatility 21.30%
20 Day Volatility 2.40%
50 Day Volatility 2.33%
200 Day Volatility 2.42%
Beta -0.04
Standard Deviation 0.29%
 
View Detailed Analysis
 
5 Day Volatility
21.30%
Rank
26 of 52
Low
SHV (0.04%)
High
ZROZ (177.65%)
20 Day Volatility
2.40%
Rank
37 of 52
Low
BILS (0.26%)
High
ZROZ (25.98%)
50 Day Volatility
2.33%
Rank
37 of 52
Low
BILS (0.26%)
High
GOVZ (30.93%)
200 Day Volatility
2.42%
Rank
31 of 44
Low
SGOV (0.26%)
High
ZROZ (32.02%)
Beta
-0.04
Rank
14 of 38
Low
GOVZ (-1.56)
High
IBTK (0.67)
Standard Deviation
0.29%
Rank
41 of 44
Low
IBTD (0.10%)
High
ZROZ (15.08%)

 
View Summary Analysis
 

Technicals

  • 20 Day MA $29.02
  • 60 Day MA $28.87
  • MACD 15 Period -0.12
  • MACD 100 Period 0.14
  • Williams % Range 10 Day 100.00
  • Williams % Range 20 Day 100.00
  • RSI 10 Day 38
  • RSI 20 Day 47
  • RSI 30 Day 50
  • Ultimate Oscillator 46

Bollinger Bands

  • Lower Bollinger (10 Day) $28.94
  • Upper Bollinger (10 Day) $29.11
  • Lower Bollinger (20 Day) $28.94
  • Upper Bollinger (20 Day) $29.10
  • Lower Bollinger (30 Day) $28.81
  • Upper Bollinger (30 Day) $29.13

Support & Resistance

  • Support Level 1 $28.89
  • Support Level 2 $28.88
  • Resistance Level 1 $28.94
  • Resistance Level 2 $28.97

Stochastic

  • Stochastic Oscillator %D (1 Day) 28.83
  • Stochastic Oscillator %D (5 Day) 33.64
  • Stochastic Oscillator %K (1 Day) 48.08
  • Stochastic Oscillator %K (5 Day) 48.77

Tradability

  • Tracking Difference Median (%) -0.04
  • Tracking Difference Max Upside (%) -0.02
  • Tracking Difference Max Downside (%) -0.08
  • Median Premium Discount (%) 0.04
  • Maximum Premium Discount (%) 0.10
  • Average Spread (%) 1.00
  • Average Spread ($) 1.00

Financial Advisor Report

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Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.

Download the Fact Sheet PDF

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Disclosures

Copyright © 2023 FactSet Research Systems Inc. All rights reserved.

Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at https://www.msci.com/esg-fund-metrics.
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