LLDR vs SPTL: Grades, Fees and Holdings Compared

Global X Long-Term Treasury Ladder ETF

LLDRBNYSE Arca

State Street SPDR Portfolio Long Term Treasury ETF

SPTLANYSE Arca

Overlap

No data

Expense ratio

SPTL −0.09pt a year

LLDR0.12%SPTL0.03%

Avg volume · 30D

SPTL 26604.0×the volume

LLDR339SPTL9.02M

LLDR vs SPTL Performance

Oct 31, 2025 – Oct 30, 2026

−4.2%LLDR−4.2%SPTL

Expense ratio: LLDR 0.12%; SPTL 0.03%, better
Fund size: LLDR $38M; SPTL $11.6B
1Y total return: LLDR −4.2%; SPTL −4.2%
Yield (12M): LLDR 4.85%, better; SPTL 4.38%
Holdings: LLDR 101; SPTL 102
Avg volume (30D): LLDR 339 sh; SPTL 9.02M sh, better
NAV per share: LLDR $42.79; SPTL $24.87
52W range

ETF.net Grade

Pillar letters and Scores for LLDR, SPTL, with each pillar’s weight
Pillar	LLDR	SPTL
Cost30% weight	C47	A84Higher
Mission25% weight	A100	A100
Risk15% weight	C41Higher	D39
Tradability15% weight	F14	B67Higher
Holdings10% weight	B63	A75Higher
Durability5% weight	D27	A80Higher

Rank among Treasuries (10-20 Year) funds

How we build Categories ›

Same Category. LLDR and SPTL are both graded against the same 6 Treasuries (10-20 Year) funds, so their Grades compare head to head.

Treasuries (10-20 Year)⁠

Category · 6 funds

See all 6 ›

SPTL ranks 1st and LLDR 5th of 6 funds in the Treasuries (10-20 Year) Category.

Rank 1ASPTLState Street SPDR Portfolio Long Term Treasury ETFScore 77
Rank 2ASCHQSchwab Long-Term U.S. Treasury ETFScore 74
Rank 4BTLHiShares 10-20 Year Treasury Bond ETFScore 60
Rank 5BLLDRGlobal X Long-Term Treasury Ladder ETFScore 55
Rank 6CLFDRLifeX Durable Income ETFScore 40

Our read on each fund

ETF.net Research

LLDRBGlobal X Long-Term Treasury Ladder ETF

SPTLAState Street SPDR Portfolio Long Term Treasury ETF

In short

LLDR A bond ladder for the long end of the curve. LLDR holds roughly 100 Treasuries maturing 10 to 30 years out and rolls the rungs forward each year, so you get ladder mechanics in one ticker instead of a spreadsheet.

SPTL Pure duration, cheap. SPTL holds every US Treasury with 10 or more years left to run and charges 0.03% to do it. The long end of the curve as a plain building block, running since 2007.

Stated mandate

LLDR The fund seeks to provide returns generally corresponding to the price and yield performance of the FTSE US Treasury 10-30 Years Laddered Bond Index before fees and expenses.

SPTL The fund seeks to track, before fees and expenses, the price and yield performance of the Bloomberg Long U.S. Treasury Index.

Why people hold it

LLDR Ladder mechanics, no maintenance: maturities spread across the 10 to 30 year range and rolled annually, rather than one lump of long bonds.globalxetfs.com aaii.com
0.12% expense ratio, right at the median for Treasury ETFs in its peer group.
Treasuries only, no corporate or credit sleeve, and it pays monthly.globalxetfs.com

SPTL Three basis points, a quarter of the typical fee among Treasury funds. It is one of State Street's Portfolio ETFs, the suite built as low-cost core exposure.ssga.com
Covers the whole long end, not one slice: roughly 110 Treasuries with 10-plus years to maturity, market-cap weighted and reconstituted at each month's end.ssga.com
A multi-billion-dollar fund that trades very actively, tracks its index closely, and pays monthly. Among the stronger implementations in its Treasury peer group.

Worth knowing

LLDR Long duration by design. Price swings when yields move are far bigger than in short or intermediate Treasury funds.globalxetfs.com
Small and thinly traded, so bid-ask spreads can run wider than the category giants.
Broad Treasury exposure comes cheaper elsewhere: VGIT and VTG charge 0.03%, though at different maturity bands.

SPTL Long bonds move. State Street notes the fund may be more sensitive to interest rate swings than shorter-duration vehicles, and it sits at the volatile end of Treasury funds.ssga.com
Government paper only. No corporate credit and no inflation adjustment, so peers like VCSH or SCHP cover different ground.

Full LLDR profile⁠

Full SPTL profile⁠

LLDR vs SPTL Holdings

As of Oct 13, 2026

How LLDR and SPTL differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Asset classFixed Income100%
Countryby domicile100%

Sector

No Sector split for LLDR and SPTL.

Country, concentration and asset class

Country by domicile

Country weights in LLDR and SPTL, widest gap first
Country	More in LLDRMore in SPTL	LLDR	SPTL
United States	Same weight	100.0%	100.0%

Concentration

Weight in the 10 largest Holdings

LLDR21.5%
SPTL21.0%

Securities held

LLDR100
SPTL101

Asset class

LLDR: Fixed Income
SPTL: Fixed Income

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. LLDR holds 100 securities, SPTL 101.

All 100 LLDR holdings⁠All 110 SPTL holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

LLDR vs SPTL Cost

Overpaying LLDR vs SPTL

$1,882

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

LLDR 0.12%
$2,520
SPTL 0.03%
$638

Amount$10,000

Years30 years

Cost over time

LLDR 0.12%
SPTL 0.03%
Overpaying

Year by year

Year	LLDR	SPTL	Overpaying
10	$220	$55	$165
20	$859	$216	$643
30	$2,520	$638	$1,882

Expense ratio

0.12%LLDR
0.03%SPTL, cheaper

SPTL0.03%LLDR0.12%

0.03%0.25%

Middle half of Treasuries (10-20 Year) funds
Median 0.10%

SPTL cheapest of 6 funds

LLDR 4th cheapest of 6 funds

LLDR vs SPTL Dividends

Last 12 months to Oct 30, 2026

Yield (12M): LLDR 4.85%, better; SPTL 4.38%
Payout (12M): LLDR $2.07; SPTL $1.10
Last payment: LLDR $0.17; SPTL $0.09
Ex-dividend: LLDR Oct 1, 2026; SPTL Oct 1, 2026
Paid on: LLDR Oct 6, 2026; SPTL Oct 6, 2026
Frequency: LLDR Monthly; SPTL Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

LLDRMonthly · 25 paymentsAll LLDR payments⁠

SPTLMonthly · 45 paymentsAll SPTL payments⁠

LLDR vs SPTL Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: LLDR 9.9%since Oct 2024SPTL 12.4%
Return per unit of riskSharpe ratio, 3 years: LLDR −0.64since Oct 2024SPTL 0.04
Worst fallMax drawdown, 5 years: LLDR −12.6%since Sep 2024SPTL −41.0%
Market sensitivityBeta, 5 years: LLDR 0.15SPTL 2.25; Market = 1

LLDR and SPTL in the news

All news⁠

Price vs Value
Bond ETF premiums widened on Columbus Day, then narrowed
Oct 18, 2026SPTL
ETF Filings
Amplify files to house Fairlead's $305 million TACK, fee still blank
Sep 9, 2026SPTL

Popular comparisons

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LLDR vs SPTL

In short

Stated mandate

Why people hold it

Worth knowing

How LLDR and SPTL differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Bond ETF premiums widened on Columbus Day, then narrowed

Amplify files to house Fairlead's $305 million TACK, fee still blank

How LLDR and SPTL differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings