SPTI vs XTRE: Grades, Fees and Holdings Compared

State Street SPDR Portfolio Intermediate Term Treasury ETF

SPTIANYSE Arca

BondBloxx Bloomberg Three Year Target Duration US Treasury ETF

XTREANYSE Arca

Overlap

No data

Expense ratio

SPTI −0.02pt a year

SPTI0.03%XTRE0.05%

Avg volume · 30D

SPTI 52.0×the volume

SPTI3.28MXTRE63.1K

3Y return · a year

SPTI +0.3pt

SPTI+4.6%XTRE+4.3%

SPTI vs XTRE Performance

Oct 31, 2025 – Oct 30, 2026

−0.3%SPTI+1.0%XTRE

Expense ratio: SPTI 0.03%, better; XTRE 0.05%
Fund size: SPTI $12.1B; XTRE $159M
1Y total return: SPTI −0.3%; XTRE +1.0%, better
Yield (12M): SPTI 3.95%; XTRE 4.10%, better
Holdings: SPTI 105; XTRE 79
Avg volume (30D): SPTI 3.28M sh, better; XTRE 63.1K sh
NAV per share: SPTI $27.67; XTRE $48.41
52W range

ETF.net Grade

Pillar letters and Scores for SPTI, XTRE, with each pillar’s weight
Pillar	SPTI	XTRE
Cost30% weight	A92Higher	B67
Mission25% weight	A100Higher	A96
Risk15% weight	B61	A71Higher
Tradability15% weight	B68Higher	B63
Holdings10% weight	A81Higher	B64
Durability5% weight	A85Higher	C43

Rank among Treasuries (3-10 Year) funds

How we build Categories ›

Same Category. SPTI and XTRE are both graded against the same 19 Treasuries (3-10 Year) funds, so their Grades compare head to head.

Treasuries (3-10 Year)⁠

Category · 19 funds

See all 19 ›

SPTI ranks 1st and XTRE 5th of 19 funds in the Treasuries (3-10 Year) Category.

Rank 1ASPTIState Street SPDR Portfolio Intermediate Term Treasury ETFScore 84
Rank 1AVGITVanguard Intermediate-Term Treasury ETFScore 84
Rank 4ABBIBJPMorgan BetaBuilders U.S. Treasury Bond 3-10 Year ETFScore 74
Rank 5AXTREBondBloxx Bloomberg Three Year Target Duration US Treasury ETFScore 72
Rank 6AXFIVBondBloxx Bloomberg Five Year Target Duration US Treasury ETFScore 71

Our read on each fund

ETF.net Research

SPTIAState Street SPDR Portfolio Intermediate Term Treasury ETF

XTREABondBloxx Bloomberg Three Year Target Duration US Treasury ETF

In short

SPTI Middle-of-the-curve Treasuries and nothing else: notes maturing in 3 to 10 years, wrapped at 0.03% a year. Running since 2007, it is one of the cheapest ways to own that slice of the government bond market.

XTRE Most intermediate Treasury ETFs pick a maturity range and let duration drift. XTRE picks the number: a portfolio rebuilt monthly toward roughly three years of duration, from the issuer that launched the first target-duration Treasury suite.

Stated mandate

SPTI The fund seeks to deliver returns generally matching the Bloomberg 3-10 Year U.S. Treasury Index before fees and expenses, investing in U.S. Treasury securities with remaining maturities of 3 to 10 years.

XTRE The Fund seeks to track an index of U.S. Treasury securities whose duration is between 2 and 4 years.

Why people hold it

SPTI 0.03% a year sits in the cheapest tier of intermediate Treasury funds, well under the category norm and level with Schwab's SCHR at the floor.
No credit guesswork. Roughly a hundred US Treasury notes, held to mirror the Bloomberg 3-10 Year U.S. Treasury Index.ssga.com
Index tracking has been among the tightest in its peer group, and income lands monthly.
Launched in 2007 and now a multi-billion-dollar fund that trades actively, so getting in and out is rarely the hard part.

XTRE Five basis points, about a third of what the typical intermediate Treasury fund in its group charges.
The mandate is a duration number, not a maturity band. Monthly rebalancing blends two Treasury duration buckets back toward the three-year target, so drift gets corrected for you.sec.gov bondbloxxetf.com
Straight US Treasuries, no credit or mortgage filler, and the portfolio hews unusually closely to that stated mandate for this peer group.
Distributions land monthly rather than quarterly.

Worth knowing

SPTI Intermediate maturities carry real rate sensitivity: a 3-to-10-year book swings more when yields move than a short-bill fund does.
Treasuries only. No corporates, mortgages or inflation-linked bonds, which makes it a building block rather than a full bond allocation.
The monthly payout floats with whatever the Treasury curve is paying, so it moves with rates rather than sitting at a set level.

XTRE Cheap, not cheapest: two of the strongest funds in this cohort (SPTI, SCHR) run at 0.03%.
Roughly three years of duration sits at the short end of a 3-10 year cohort, so it moves less per shift in rates than longer peers, in both directions.
A 2022 launch from a boutique issuer, with a modest asset base and moderate trading volume, so spreads can widen when markets get hectic.

Full SPTI profile⁠

Full XTRE profile⁠

SPTI vs XTRE Holdings

How SPTI and XTRE 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 SPTI and XTRE.

Country, concentration and asset class

Country by domicile

Country weights in SPTI and XTRE, widest gap first
Country	More in SPTIMore in XTRE	SPTI	XTRE
United States	Same weight	100.0%	100.0%

Concentration

Weight in the 10 largest Holdings

SPTI18.2%
XTRE22.0%

Securities held

SPTI104
XTRE78

Asset class

SPTI: Fixed Income
XTRE: Fixed Income

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. SPTI holds 104 securities, XTRE 78.

All 112 SPTI holdings⁠All XTRE 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.

SPTI vs XTRE Cost

Overpaying XTRE vs SPTI

$422

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

SPTI 0.03%
$638
XTRE 0.05%
$1,060

Amount$10,000

Years30 years

Cost over time

SPTI 0.03%
XTRE 0.05%
Overpaying

Year by year

Year	SPTI	XTRE	Overpaying
10	$55	$92	$37
20	$216	$360	$144
30	$638	$1,060	$422

Expense ratio

0.03%SPTI, cheaper
0.05%XTRE

SPTI0.03%XTRE0.05%

0.03%0.39%

Middle half of Treasuries (3-10 Year) funds
Median 0.12%

SPTI cheapest of 19 funds

XTRE 5th cheapest of 19 funds

SPTI vs XTRE Dividends

Last 12 months to Oct 30, 2026

Yield (12M): SPTI 3.95%; XTRE 4.10%, better
Payout (12M): SPTI $1.10; XTRE $1.98
Last payment: SPTI $0.09; XTRE $0.18
Ex-dividend: SPTI Oct 1, 2026; XTRE Oct 1, 2026
Paid on: SPTI Oct 6, 2026; XTRE Oct 6, 2026
Frequency: SPTI Monthly; XTRE Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

SPTIMonthly · 45 paymentsAll SPTI payments⁠

XTREMonthly · 45 paymentsAll XTRE payments⁠

SPTI vs XTRE Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: SPTI 4.7%XTRE 2.9%, better
Return per unit of riskSharpe ratio, 3 years: SPTI 0.02, betterXTRE −0.08
Worst fallMax drawdown, 5 years: SPTI −13.7%XTRE −2.9%since Sep 2022
Market sensitivityBeta, 5 years: SPTI 0.78XTRE 0.43; Market = 1

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