SPTL — State Street SPDR Portfolio Long Term Treasury ETF

SPTL Price Performance — Growth of $10,000

Value of a $10,000 investment in SPTL over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

SPTL Drawdown

The "underwater" chart: SPTL's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The State Street SPDR Portfolio Long Term Treasury ETF (SPTL) is a government bond fund managed by State Street Investment Management within the US Bonds - Government category. Tracking 22 ETFs in this specific sector, the fund holds an overall rank of #375 out of 458 tracked ETFs across all categories and carries an ETFValuer grade of C with a score of 51.1 out of 100. It offers a low expense ratio of 0.03% and provides a dividend yield of 4.17% to income-seeking investors. With assets under management totaling $10.5 billion and a share price of $25.63, the fund demonstrates significant investor adoption relative to its category peers. This substantial asset base suggests broad market participation despite its mid-tier ranking among the 458 total funds monitored. The combination of a low cost structure and high yield positions the fund as a cost-effective vehicle for exposure to long-term Treasury securities.

Recent performance data shows a divergence between short-term gains and longer-term negative trends across multiple horizons. The fund posted positive returns over the last day at +0.55% and the last week at +0.59%, yet these gains were followed by declines over the one-month (-2.91%), three-month (-1.18%), and six-month (-2.15%) periods. Year-to-date performance remains negative at -0.97%, indicating that recent short-term rallies have not yet offset earlier losses. However, the fund has recovered over the longer term, posting a one-year return of +2.37% and a three-year annualized return of +1.20%. This pattern suggests a volatile trajectory where short-term fluctuations have not consistently aligned with the fund's longer-term positive accumulation.

The fund exhibits a volatility label of Low despite carrying a high beta of 2.25, indicating that its price movements are more sensitive to market changes than the broader benchmark. A Sharpe ratio of -0.31 reflects that the risk-adjusted returns have been negative over the measured period, suggesting the fund has not adequately compensated investors for the volatility taken. The maximum drawdown of -15.11% highlights the potential for significant temporary losses during market downturns. This combination of a high beta and negative Sharpe ratio implies that while the fund may be classified as low volatility in absolute terms, it experiences amplified swings relative to the market that have not resulted in positive risk-adjusted gains. Investors should note that the fund's behavior involves substantial sensitivity to market movements even if its absolute volatility is categorized as low.

AI-generated summary based on the data on this page.

SPTL Top Holdings

Holdings as of 2026-03-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 21.8% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how SPTL's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With SPTL

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with SPTL's top 10 — AGG overlaps most, holding 1 of the same companies as SPTL's top 10 (21.8% of SPTL's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.65% (as of 2026-07-27) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.67 (as of 2026-07-27) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

SPTL Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 1.56% and average daily volume is 5.6M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $10.5B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: SPTL is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

SPTL Performance History

How SPTL Compares to Other US Bonds - Government ETFs