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SPDR® SSgA Ultra Short Term Bond ETF (ULST)



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Upturn Advisory Summary
08/14/2025: ULST (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type ETF | Historic Profit 12.23% | Avg. Invested days 273 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | ETF Returns Performance ![]() |
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Key Highlights
Volume (30-day avg) - | Beta 0.08 | 52 Weeks Range 38.59 - 40.66 | Updated Date 06/29/2025 |
52 Weeks Range 38.59 - 40.66 | Updated Date 06/29/2025 |
Upturn AI SWOT
SPDR® SSgA Ultra Short Term Bond ETF
ETF Overview
Overview
The SPDRu00ae SSgA Ultra Short Term Bond ETF (ticker: SPSB) seeks to provide current income while maintaining liquidity and aims to invest primarily in U.S. dollar-denominated investment-grade fixed-income securities with maturities of less than one year. It is designed for investors seeking a conservative fixed-income option with minimal interest rate risk.
Reputation and Reliability
State Street Global Advisors (SSGA) is a well-established and reputable asset manager with a long track record in the ETF industry.
Management Expertise
SSGA has a dedicated fixed-income team with significant experience in managing ultra-short-term bond portfolios.
Investment Objective
Goal
The primary investment goal of SPSB is to provide current income while seeking to preserve capital and maintain a high degree of liquidity.
Investment Approach and Strategy
Strategy: SPSB does not track a specific index but employs an active management strategy focusing on U.S. dollar-denominated investment-grade debt securities.
Composition SPSB holds a portfolio of short-term U.S. Treasury securities, agency bonds, corporate bonds, and asset-backed securities.
Market Position
Market Share: SPSB holds a moderate market share within the ultra-short-term bond ETF category.
Total Net Assets (AUM): 6570000000
Competitors
Key Competitors
- MINT
- BIL
- GBIL
- NEAR
Competitive Landscape
The ultra-short-term bond ETF market is competitive, with several established players. SPSB's advantage lies in SSGA's expertise and brand recognition. A potential disadvantage is its expense ratio compared to some passively managed competitors.
Financial Performance
Historical Performance: SPSB's performance has been consistent with its investment objective, delivering stable returns with low volatility. Historical performance data needs to be gathered from financial data providers.
Benchmark Comparison: SPSB's performance is often compared to the ICE BofA US Treasury Bill Index, and Libor, SOFR or similar.
Expense Ratio: 0.12
Liquidity
Average Trading Volume
SPSB exhibits robust liquidity as evidenced by its healthy average daily trading volume.
Bid-Ask Spread
SPSB generally maintains a tight bid-ask spread, making it cost-effective to trade.
Market Dynamics
Market Environment Factors
Economic indicators such as interest rate policy, inflation, and economic growth prospects significantly impact SPSB's performance.
Growth Trajectory
SPSB's growth is closely tied to investor demand for conservative fixed-income investments and the prevailing interest rate environment. There may be changes to its holdings based on market conditions.
Moat and Competitive Advantages
Competitive Edge
SPSB benefits from SSGA's well-established brand and its experienced fixed-income management team. Its active management approach allows it to adapt to changing market conditions. SPSB's focus on high-quality, short-term securities provides a degree of stability. The ETF provides a convenient way for investors to access a diversified portfolio of ultra-short-term bonds, and its liquidity makes it easy to buy and sell shares.
Risk Analysis
Volatility
SPSB exhibits low volatility due to its focus on short-term, high-quality securities.
Market Risk
SPSB is subject to interest rate risk, credit risk (though minimized by focusing on investment-grade debt), and inflation risk, although to a lesser extent than longer-duration bonds.
Investor Profile
Ideal Investor Profile
SPSB is suitable for risk-averse investors, those seeking a cash alternative, or investors looking to preserve capital while generating some income.
Market Risk
SPSB is well-suited for short-term investors and those seeking a stable, low-volatility investment option.
Summary
The SPDRu00ae SSgA Ultra Short Term Bond ETF (SPSB) provides a conservative fixed-income option focused on current income and capital preservation. Managed by State Street Global Advisors, it invests in high-quality, short-term debt securities. SPSB is suitable for risk-averse investors seeking a cash alternative or a stable component in a diversified portfolio. It faces competition from other ultra-short-term bond ETFs but benefits from SSGA's reputation and active management approach.
Peer Comparison
Sources and Disclaimers
Data Sources:
- State Street Global Advisors (SSGA) website
- ETF.com
- Morningstar
- Bloomberg
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered investment advice. Past performance is not indicative of future results. Consult with a qualified financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About SPDR® SSgA Ultra Short Term Bond ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website |
The Adviser invests, under normal circumstances, at least 80% of the fund's net assets (plus the amount of borrowings for investment purposes) in a portfolio of U.S. dollar-denominated investment-grade fixed income securities. The fund may also invest in exchange traded products (ETPs). It is non-diversified.

Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.