State Street SPDR Portfolio Ultra Short T-Bill ETF
$25.04+0.01 (+0.04%)
- 0.05%
- $17M
- +3.7%
- 0M sh
- $25.03
- low $24.97high $25.10
The ETF.net SPTU Grade
A
Score 71 out of 100
- 22 of 78
Score 71 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.A95 out of 100Rank 3 of 78Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 66Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B56 out of 100Rank 20 of 75Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F19 out of 100Rank 69 of 78Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B57 out of 100Rank 38 of 77Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D31 out of 100Rank 63 of 78
Our read on SPTU
AState Street already owns the T-bill aisle with BIL. SPTU is the house undercutting itself: the same firm's bill exposure at 0.05% a year, stretched across the whole one-to-twelve-month curve instead of just the front slice.
The ETF seeks to provide investment results that generally correspond to the price and yield performance of the ICE BofA US Treasury Bill Index. It invests in U.S. Treasury bills with remaining maturities of at least one month and less than twelve months.
Why people hold it
- Charges 0.05% a year, roughly a third of the 0.14% on State Street's older, far larger bill fund BIL for a closely related job.ssga.com
- Owns the full bill curve, one month out to twelve, where most cash-parking rivals stop at three months. One ticker instead of a hand-built ladder.ssga.com
- Plain plumbing: a passive index fund holding roughly 50 US Treasury bills. No corporate paper, no derivatives overlay, no yield-chasing detour.
- Its portfolio matches the label it sells: the ICE BofA US Treasury Bill Index, and nothing hiding behind it.
Worth knowing
- Launched in October 2025, so the track record is thin and the fund is still building its asset base next to entrenched competitors.
- Thinly traded so far. Spreads can run wider and less predictable than in the category's most heavily traded names.
- Reaching out to twelve-month bills means slightly more price sensitivity to rate moves than 0-3 month funds like VBIL or CLIP, and payouts have not settled into a fixed schedule.
SPTU Holdings
- Bonds
- 41
- 44%
- Treasury Bill 11/26 0.00000
Geography
- United States100.00%
SPTU 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.
SPTU$10,367
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 | SPTU |
|---|---|
| Year to date | +2.8% |
| 1 month | +0.3% |
| 3 months | +0.9% |
| 1 year | +3.7% |
| 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 | SPTU |
|---|---|---|
| 2026 YTD | +2.8% | |
| 2025 | +0.9% |
SPTU in the news
SPTU Dividends
- $0.08 per share
- Monthly
Distribution data unavailable.
Distribution history
SPTU Risk
- —
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.
- —
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.
- −0.04%
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.
- 0.002
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SPTU Cost
0.05%
SPTU0.05%
- The middle half of Cash & Ultra-Short Income funds
- Median 0.19%
2 of the 78 Cash & Ultra-Short Income funds charge less.
Other funds in Cash & Ultra-Short Income
- ATBILF/m US Treasury 3 Month Bill FundExpense ratio 0.15%1 year return +3.7%
- AFLUDFranklin Ultra Short Bond ETFExpense ratio 0.15%1 year return +3.5%
- BTBUXT. Rowe Price Ultra Short-Term Bond ETFExpense ratio 0.17%1 year return +4.0%
- BSCUSSchwab Ultra-Short Income ETFExpense ratio 0.14%1 year return +3.4%
- BEVSBEaton Vance Ultra-Short Income ETFExpense ratio 0.17%1 year return +4.0%