State Street SPDR Portfolio Treasury ETF
$28.89+0.03 (+0.09%)
- 0.03%
- $456M
- −2.2%
- 4.30%
- 0.1M sh
- $28.83
- low $28.63high $30.96
The ETF.net SPTB Grade
A
Score 78 out of 100
- 2 of 16
Score 78 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A97 out of 100Rank 1 of 16Mission
Whether the fund did what it promised, tested against its stated mandate.A95 out of 100Rank 4 of 11Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C40 out of 100Rank 11 of 16Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B63 out of 100Rank 5 of 16Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A80 out of 100Rank 2 of 16Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C51 out of 100Rank 8 of 16
Our read on SPTB
AState Street's Treasury slice of the Agg in one ticker: the whole curve from a year out to the long end, roughly 300 bonds, for three basis points. It arrived in 2024 as the Treasury building block in the SPDR Portfolio suite.
The fund seeks to track, before fees and expenses, the price and yield performance of the Bloomberg U.S. Treasury Index and provides exposure to U.S. Treasuries with at least one year remaining to maturity.
Why people hold it
- Three basis points. The typical fund in the Treasury cohort charges about five times that, and SPTB undercuts iShares' GOVT at five while tying Vanguard's VTG.
- One ticker covers the full Treasury curve, everything with at least a year to maturity, instead of stacking separate short, intermediate and long sleeves.ssga.com
- Plain index replication of the Bloomberg U.S. Treasury Index: government paper only, no credit sleeve, no derivatives overlay in the mandate.ssga.com
- Pays income monthly, and the implementation ranks in the top quartile of its Treasury peer group on our review.
Worth knowing
- Full-curve means long bonds are in the mix, so the price swings with interest rates far more than a short-term Treasury fund does.
- It launched in 2024, so the live record is short next to cohort veterans that have traded through multiple rate cycles.
- Moderately traded rather than the volume leader in its category, so bigger orders are worth routing with limits and a glance at the spread.
SPTB Holdings
- Bonds
- 289
- 8%
- Us Treasury N/B 02/35 4.625
Geography
- United States100.00%
SPTB Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
SPTB$9,784
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | SPTB |
|---|---|
| Year to date | −2.2% |
| 1 month | −0.8% |
| 3 months | −2.1% |
| 1 year | −2.2% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | SPTB |
|---|---|---|
| 2026 YTD | −2.2% | |
| 2025 | +6.1% | |
| 2024 | +2.2% |
SPTB in the news
SPTB Dividends
- 4.30%
- $1.24
- $0.10 per share
- Monthly
Distribution history
SPTB Risk
- 4.2%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.40
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −5.0%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.07
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SPTB Cost
0.03%
SPTB0.03%
- The middle half of US Treasury & Government funds
- Median 0.15%
No US Treasury & Government fund charges less.
Other funds in US Treasury & Government
- AGOVTiShares U.S. Treasury Bond ETFExpense ratio 0.05%1 year return −2.2%
- AVTGVanguard Total Treasury ETFExpense ratio 0.03%1 year return −2.1%
- BFLGVFranklin U.S. Treasury Bond ETFExpense ratio 0.09%1 year return −2.3%
- BSGVTSchwab Government Money Market ETFExpense ratio 0.28%1 year return +3.5%
- BVGVTVanguard Government Securities Active ETFExpense ratio 0.10%1 year return −1.7%