SPTI vs SPY
State Street SPDR Portfolio Intermediate Term Treasury ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, SPTI or SPY?
SPY has been ahead.
SPTI has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | SPTI | SPY |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.09% |
| AUM | $10.6B | $804.7B |
| Dividend Yield | 3.91% | 0.98% |
| Holdings | 105 | 505 |
| YTD Return | -1.56% | +11.52%Best |
| 1Y Return | -1.03% | +17.48%Best |
| 3Y Return (annualized) | +3.55% | +20.62%Best |
| 5Y Return (annualized) | -0.41% | +12.73%Best |
| Volatility (annualized) | 3.8%Best | 15.6% |
| Max Drawdown | -16.3%Best | -56.5% |
| $10,000 over 5 years | $9,797 | $18,205Best |
| Fund Family | State Street Investment Management | State Street Investment Management |
| Category | Fixed Income | Equity |
| Style | - | Large Cap Blend |
| Inception | May 23, 2007 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: May 30, 2007 to Sep 10, 2026 (19.3 years).
SPTI vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
SPTI vs SPY Performance
State Street SPDR Portfolio Intermediate Term Treasury ETF (SPTI) is an ETF from State Street Investment Management and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year SPTI returned -1.03% while SPY returned +17.48%. Year to date, SPTI is down 1.56% versus a gain of 11.52% for SPY.
Over three years, SPTI compounded at +3.55% per year against +20.62% for SPY; over five years the annualized figures are -0.41% and +12.73% respectively. Across the full 19-year window we track, SPY has the edge at +9.05% annualized vs +1.02%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.6% compared with 3.8% for SPTI. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -16.3% for SPTI and -56.5% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.03. They move largely independently of each other.
Fees and Cost Over Time
SPTI charges 0.03% per year while SPY charges 0.09%. On a $10,000 position that is $3 vs $9 annually, a gap of $6 per year that compounds over a long holding period. On income, SPTI currently yields 3.91% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 7 holdings in SPTI and 504 in SPY, totalling 5.8% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 7 positions we hold weights for in SPTI and 504 in SPY, against full books of 105 and 505.
You are not choosing between two funds in isolation.
Whichever of SPTI and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SPTI or SPY?
SPTI has an expense ratio of 0.03% while SPY charges 0.09%. SPTI is the cheaper option, by $6 a year on a $10,000 investment.
Which performed better, SPTI or SPY?
Over the past year SPTI returned -1.03% vs +17.48% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (19 years), SPTI annualized +1.02% vs +9.05% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPTI or SPY?
SPY has been the more volatile fund at 15.6% annualized versus 3.8% for SPTI. Worst drawdown: SPTI -16.3% vs SPY -56.5%.
Should I hold both SPTI and SPY?
SPTI and SPY have a monthly-return correlation of -0.03, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, SPTI or SPY?
SPTI yields 3.91% while SPY yields 0.98%, so SPTI currently pays the higher dividend yield.
Is SPY better than SPTI?
SPTI has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.