Data as of Oct 28, 2026.
SHY vs SPTS: Differences, Returns & Fees
SHY's duration was 1.8 years on Aug 31, 2026 and SPTS's 1.9 on Jun 30, 2026; SPTS charges 0.03% to SHY's 0.15%.
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Net assets on Oct 27, 2026: $27.4bn for iShares 1-3 Year Treasury Bond ETF and $7.3bn for State Street SPDR Portfolio Short Term Treasury ETF.
Pair scorecard
SPTS costs 0.12 points a year less; their one-year returns differ by 0.1 points; SHY is 3.8 times larger.
| Measure | SHY | SPTS |
|---|---|---|
| Return | ||
| Total return, 1 year | +1.6% | +1.7% |
| Benchmark | ||
| What it tracks | ICE U.S. Treasury 1-3 Year Bond Index | Bloomberg 1-3 Year U.S. Treasury Index |
| Cost and size | ||
| Expense ratio | 0.15% | 0.03% |
| Net assets, as of Oct 27, 2026 | $27.4bn | $7.3bn |
| Holdings | ||
| Holdings in common | 86% | |
Holdings in common uses holdings dated Jun 30, 2026 and Aug 31, 2026. Method
Risk and return
Dec 9, 2011 to Oct 23, 2026 · 776 weekly returnsEach against its own benchmark: SHY against BBSB, Apr 28, 2023 to Oct 23, 2026; SPTS against AGG, Dec 9, 2011 to Oct 23, 2026.
SPTS returned more: +23.9% to +21.3%. SHY swung less: 1.3% to 2.6%. SHY fell slightly less at its worst: −5.6% to −5.8%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | SHY | SPTS | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +21.3% | +23.9% | SPTS | Price change plus distributions, reinvested. |
| Annualized | +1.3% | +1.4% | SPTS (slight) | Total return as a yearly rate. |
| Price return | −3.6% | −4.1% | SHY | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 1.3% | 2.6% | SHY | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 0.9% | 1.8% | SHY | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −5.6% | −5.8% | SHY (slight) | Deepest fall from a high to the low after it. |
| Upside capture | 97.9% | 29.9% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 99.8% | 27.2% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.98 | 0.24 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.98 | 0.19 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | −0.32 | −0.09 | SPTS | Return above Treasury bills per unit of volatility. |
| Sortino | −0.47 | −0.14 | SPTS | Return above Treasury bills per unit of downside deviation. |
| Treynor | −0.012 | −0.010 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.23 | 0.25 | SPTS (slight) | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | BBSB | AGG | The ETF each fund is measured against. | |
| Alpha | −0.1% a year | −0.3% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −0.96 | −0.49 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −0.4% to +0.1% | −1.5% to +0.9% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −0.43 | −0.11 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 0.2% | 4.3% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 776 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, SHY and SPTS hold 86% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Aug 31, 2026.
half
86% in common
Only in one fund ↓
Side by side
SHY and SPTS on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
SHY and SPTS are built for the same job. How do they differ in cost, holdings and results?
- What each follows. SHY follows ICE U.S. Treasury 1-3 Year Bond Index and SPTS follows Bloomberg 1-3 Year U.S. Treasury Index.
- Cost. SHY charges 0.15% of assets a year and SPTS 0.03%, a gap of 0.12 points.
- Size. SHY has $27.4bn in net assets and SPTS $7.3bn (net assets, as of Oct 27, 2026); SHY is 3.8 times larger.
Data as of Oct 28, 2026.
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SHY
SHY tracks an index of 1-3 Year Treasury Bond. Over the year to Oct 28, 2026 it returned +1.6% with distributions reinvested, against +1.7% for its benchmark, the ICE U.S. Treasury 1-3 Year Bond Index. The prospectus expense ratio is 0.15% a year.
SPTS
SPTS tracks an index. Over the year to Oct 28, 2026 it returned +1.7% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.03% a year.
Questions people ask
- Which returned more over the last year, SHY or SPTS?
- In the year to Oct 28, 2026, with distributions reinvested, SHY returned +1.6% and SPTS +1.7%.
- Which is cheaper, SHY or SPTS?
- SPTS is cheaper, by 0.12 percentage points a year. That is about $12 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, SHY against SPTS, data as of Oct 28, 2026. https://etfiq.com/compare/any/shy-vs-spts
ETFIQ. (Oct 28, 2026). SHY against SPTS. Retrieved from https://etfiq.com/compare/any/shy-vs-spts
[SHY against SPTS (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/shy-vs-spts)
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