36BE.DE vs. SPPU.DE
36BE.DE (iShares USD Corporate Bond ESG UCITS ETF Dist) and SPPU.DE (SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF) are both Corporate Bonds funds - 36BE.DE tracks the Bloomberg MSCI US Corporate Sustainable SRI while SPPU.DE tracks the Bloomberg SASB US Corporate ESG Ex-Controversies Select. Both are passively managed. Over the past 5 years, 36BE.DE returned 1.56%/yr vs 1.29%/yr for SPPU.DE. With a 0.98 correlation, they move nearly in lockstep. Both charge a 0.15% expense ratio.
Performance
36BE.DE vs. SPPU.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 36BE.DE achieves a 1.37% return, which is significantly lower than SPPU.DE's 1.68% return.
36BE.DE
- 1D
- 0.13%
- 1M
- 1.14%
- YTD
- 1.37%
- 6M
- 0.78%
- 1Y
- 3.23%
- 3Y*
- 2.22%
- 5Y*
- 1.56%
- 10Y*
- —
SPPU.DE
- 1D
- 0.14%
- 1M
- 1.24%
- YTD
- 1.68%
- 6M
- 0.86%
- 1Y
- 3.73%
- 3Y*
- 2.27%
- 5Y*
- 1.29%
- 10Y*
- —
36BE.DE vs. SPPU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
36BE.DE iShares USD Corporate Bond ESG UCITS ETF Dist | 1.37% | -4.25% | 7.93% | 4.49% | -9.70% | 7.28% | -1.71% |
SPPU.DE SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF | 1.68% | -4.22% | 7.66% | 4.50% | -10.58% | 6.82% | -1.58% |
Correlation
The correlation between 36BE.DE and SPPU.DE is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2020 | 0.98 |
The correlation between 36BE.DE and SPPU.DE has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
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Return for Risk
36BE.DE vs. SPPU.DE — Risk / Return Rank
36BE.DE
SPPU.DE
36BE.DE vs. SPPU.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Corporate Bond ESG UCITS ETF Dist (36BE.DE) and SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF (SPPU.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.
| 36BE.DE | SPPU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.12 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.97 | 1.12 | -0.15 |
| Martin ratioReturn relative to average drawdown | 2.49 | 2.87 | -0.38 |
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
| 36BE.DE | SPPU.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.57 | 0.65 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.15 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | 0.06 | -0.03 |
Drawdowns
36BE.DE vs. SPPU.DE - Drawdown Comparison
The maximum 36BE.DE drawdown since its inception was -12.76%, smaller than the maximum SPPU.DE drawdown of -13.50%. Use the drawdown chart below to compare losses from any high point for 36BE.DE and SPPU.DE.
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Drawdown Indicators
| 36BE.DE | SPPU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.76% | -13.50% | +0.74% |
Max Drawdown (1Y)Largest decline over 1 year | -3.31% | -3.32% | +0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -11.21% | -11.44% | +0.23% |
Max Drawdown (5Y)Largest decline over 5 years | -12.76% | -13.50% | +0.74% |
Current DrawdownCurrent decline from peak | -5.56% | -5.13% | -0.43% |
Average DrawdownAverage peak-to-trough decline | -5.98% | -6.15% | +0.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.29% | 1.29% | 0.00% |
Volatility
36BE.DE vs. SPPU.DE - Volatility Comparison
iShares USD Corporate Bond ESG UCITS ETF Dist (36BE.DE) and SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF (SPPU.DE) have volatilities of 0.99% and 1.00%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 36BE.DE | SPPU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.99% | 1.00% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 3.90% | 3.94% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.65% | 5.71% | -0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.11% | 8.42% | -0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.79% | 8.29% | +0.50% |
36BE.DE vs. SPPU.DE - Expense Ratio Comparison
Both 36BE.DE and SPPU.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
36BE.DE vs. SPPU.DE - Dividend Comparison
36BE.DE's dividend yield for the trailing twelve months is around 4.92%, while SPPU.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
36BE.DE iShares USD Corporate Bond ESG UCITS ETF Dist | 4.92% | 4.92% | 4.68% | 4.24% | 2.85% | 2.47% | 1.43% |
SPPU.DE SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.97, 36BE.DE and SPPU.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
36BE.DE and SPPU.DE have the same expense ratio: 0.15% per year.
36BE.DE tracks Bloomberg MSCI US Corporate Sustainable SRI, while SPPU.DE tracks Bloomberg SASB US Corporate ESG Ex-Controversies Select. They also come from different issuers: iShares and State Street.
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