36BD.DE vs. SPPX.DE
36BD.DE (iShares USD Development Bank Bonds UCITS ETF USD Acc) and SPPX.DE (SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF) are both Government Bonds funds - 36BD.DE tracks the FTSE World Broad Investment-Grade USD Multilateral Development Bank Bond Capped while SPPX.DE tracks the Bloomberg US 10+ Year Treasury Bond. Both are passively managed. Over the past 5 years, 36BD.DE returned 1.94%/yr vs -4.30%/yr for SPPX.DE. A 0.54 correlation means they provide meaningful diversification when combined. Both charge a 0.15% expense ratio.
Performance
36BD.DE vs. SPPX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 36BD.DE achieves a 1.33% return, which is significantly higher than SPPX.DE's 0.87% return.
36BD.DE
- 1D
- 0.05%
- 1M
- 0.81%
- YTD
- 1.33%
- 6M
- 0.62%
- 1Y
- 2.03%
- 3Y*
- 1.18%
- 5Y*
- 1.94%
- 10Y*
- —
SPPX.DE
- 1D
- 0.30%
- 1M
- 0.95%
- YTD
- 0.87%
- 6M
- -0.15%
- 1Y
- 2.75%
- 3Y*
- -3.23%
- 5Y*
- -4.30%
- 10Y*
- -1.29%
36BD.DE vs. SPPX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
36BD.DE iShares USD Development Bank Bonds UCITS ETF USD Acc | 1.33% | -5.15% | 8.61% | 0.84% | -1.81% | 3.54% |
SPPX.DE SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF | 0.87% | -6.01% | -0.89% | -0.77% | -24.28% | 12.06% |
Correlation
The correlation between 36BD.DE and SPPX.DE is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2021 | 0.54 |
The correlation between 36BD.DE and SPPX.DE has been stable across timeframes, ranging from 0.50 to 0.54 - a consistent structural relationship.
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Return for Risk
36BD.DE vs. SPPX.DE — Risk / Return Rank
36BD.DE
SPPX.DE
36BD.DE vs. SPPX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Development Bank Bonds UCITS ETF USD Acc (36BD.DE) and SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF (SPPX.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| 36BD.DE | SPPX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.05 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.47 | 0.40 | +0.07 |
| Martin ratioReturn relative to average drawdown | 1.13 | 0.87 | +0.26 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| 36BD.DE | SPPX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.32 | 0.28 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | -0.30 | +0.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.09 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | -0.09 | +0.27 |
Drawdowns
36BD.DE vs. SPPX.DE - Drawdown Comparison
The maximum 36BD.DE drawdown since its inception was -11.97%, smaller than the maximum SPPX.DE drawdown of -44.56%. Use the drawdown chart below to compare losses from any high point for 36BD.DE and SPPX.DE.
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Drawdown Indicators
| 36BD.DE | SPPX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.97% | -44.56% | +32.59% |
Max Drawdown (1Y)Largest decline over 1 year | -3.71% | -6.31% | +2.60% |
Max Drawdown (3Y)Largest decline over 3 years | -10.13% | -16.55% | +6.42% |
Max Drawdown (5Y)Largest decline over 5 years | -11.97% | -36.53% | +24.56% |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.56% | — |
Current DrawdownCurrent decline from peak | -6.13% | -40.79% | +34.66% |
Average DrawdownAverage peak-to-trough decline | -4.97% | -22.39% | +17.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 2.90% | -1.35% |
Volatility
36BD.DE vs. SPPX.DE - Volatility Comparison
The current volatility for iShares USD Development Bank Bonds UCITS ETF USD Acc (36BD.DE) is 0.74%, while SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF (SPPX.DE) has a volatility of 2.37%. This indicates that 36BD.DE experiences smaller price fluctuations and is considered to be less risky than SPPX.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 36BD.DE | SPPX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 2.37% | -1.63% |
Volatility (6M)Calculated over the trailing 6-month period | 3.65% | 6.11% | -2.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.39% | 8.91% | -3.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.21% | 14.34% | -7.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.16% | 14.51% | -7.35% |
36BD.DE vs. SPPX.DE - Expense Ratio Comparison
Both 36BD.DE and SPPX.DE have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
36BD.DE vs. SPPX.DE - Dividend Comparison
36BD.DE has not paid dividends to shareholders, while SPPX.DE's dividend yield for the trailing twelve months is around 4.60%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
36BD.DE iShares USD Development Bank Bonds UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPPX.DE SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF | 4.60% | 4.77% | 4.11% | 3.16% | 2.57% | 1.63% | 2.07% | 2.42% | 2.38% | 2.77% | 1.07% |
Frequently Asked Questions
36BD.DE and SPPX.DE have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
36BD.DE and SPPX.DE have the same expense ratio: 0.15% per year.
36BD.DE tracks FTSE World Broad Investment-Grade USD Multilateral Development Bank Bond Capped, while SPPX.DE tracks Bloomberg US 10+ Year Treasury Bond. They also come from different issuers: iShares and State Street.
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