BBTR.DE vs. SPP3.DE
BBTR.DE (JPMorgan BetaBuilders US Treasury Bond UCITS ETF USD (Acc)) and SPP3.DE (SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF) are both Government Bonds funds - BBTR.DE tracks the J.P. Morgan Government Bond US Index while SPP3.DE tracks the Bloomberg US 3-7 Year Treasury Bond. Both are passively managed. Over the past 5 years, BBTR.DE returned 0.35%/yr vs 1.43%/yr for SPP3.DE. Their correlation of 0.85 suggests significant overlap in exposure. BBTR.DE charges 0.07%/yr vs 0.15%/yr for SPP3.DE.
Performance
BBTR.DE vs. SPP3.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BBTR.DE achieves a 1.03% return, which is significantly higher than SPP3.DE's 0.86% return.
BBTR.DE
- 1D
- 0.12%
- 1M
- 0.84%
- YTD
- 1.03%
- 6M
- 0.24%
- 1Y
- 1.98%
- 3Y*
- -0.04%
- 5Y*
- 0.35%
- 10Y*
- —
SPP3.DE
- 1D
- 0.03%
- 1M
- 0.72%
- YTD
- 0.86%
- 6M
- 0.17%
- 1Y
- 1.75%
- 3Y*
- 0.87%
- 5Y*
- 1.43%
- 10Y*
- 1.16%
BBTR.DE vs. SPP3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BBTR.DE JPMorgan BetaBuilders US Treasury Bond UCITS ETF USD (Acc) | 1.03% | -5.45% | 6.15% | 0.23% | -7.48% | 5.70% | -3.71% | 7.39% |
SPP3.DE SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF | 0.86% | -4.58% | 7.72% | 1.58% | -3.86% | 5.71% | -2.64% | 3.51% |
Correlation
The correlation between BBTR.DE and SPP3.DE is 0.96 - 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 | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since May 7, 2019 | 0.85 |
The correlation between BBTR.DE and SPP3.DE shifts across timeframes, from 0.85 (all time) to 0.96 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BBTR.DE vs. SPP3.DE — Risk / Return Rank
BBTR.DE
SPP3.DE
BBTR.DE vs. SPP3.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders US Treasury Bond UCITS ETF USD (Acc) (BBTR.DE) and SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF (SPP3.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.
| BBTR.DE | SPP3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.05 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.41 | 0.34 | +0.07 |
| Martin ratioReturn relative to average drawdown | 1.02 | 0.87 | +0.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| BBTR.DE | SPP3.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.30 | 0.26 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.18 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.16 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.12 | -0.08 |
Drawdowns
BBTR.DE vs. SPP3.DE - Drawdown Comparison
The maximum BBTR.DE drawdown since its inception was -17.63%, roughly equal to the maximum SPP3.DE drawdown of -16.82%. Use the drawdown chart below to compare losses from any high point for BBTR.DE and SPP3.DE.
Loading charts...
Drawdown Indicators
| BBTR.DE | SPP3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.63% | -16.82% | -0.81% |
Max Drawdown (1Y)Largest decline over 1 year | -4.05% | -4.06% | +0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -11.14% | -9.95% | -1.19% |
Max Drawdown (5Y)Largest decline over 5 years | -13.20% | -11.51% | -1.69% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.82% | — |
Current DrawdownCurrent decline from peak | -13.35% | -6.25% | -7.10% |
Average DrawdownAverage peak-to-trough decline | -10.31% | -6.75% | -3.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 1.61% | +0.02% |
Volatility
BBTR.DE vs. SPP3.DE - Volatility Comparison
JPMorgan BetaBuilders US Treasury Bond UCITS ETF USD (Acc) (BBTR.DE) has a higher volatility of 0.94% compared to SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF (SPP3.DE) at 0.76%. This indicates that BBTR.DE's price experiences larger fluctuations and is considered to be riskier than SPP3.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BBTR.DE | SPP3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.94% | 0.76% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 3.82% | 3.64% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.52% | 5.29% | +0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.19% | 7.72% | +0.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.07% | 7.35% | +0.72% |
BBTR.DE vs. SPP3.DE - Expense Ratio Comparison
BBTR.DE has a 0.07% expense ratio, which is lower than SPP3.DE's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
BBTR.DE vs. SPP3.DE - Dividend Comparison
BBTR.DE has not paid dividends to shareholders, while SPP3.DE's dividend yield for the trailing twelve months is around 3.91%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BBTR.DE JPMorgan BetaBuilders US Treasury Bond 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% |
SPP3.DE SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF | 3.91% | 3.96% | 3.14% | 2.90% | 1.13% | 0.93% | 1.80% | 2.12% | 1.59% | 1.48% | 0.44% |
Frequently Asked Questions
With a correlation of 0.96, BBTR.DE and SPP3.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.
On fees, BBTR.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BBTR.DE is cheaper with a 0.07% expense ratio, compared with 0.15% for SPP3.DE.
BBTR.DE tracks J.P. Morgan Government Bond US Index, while SPP3.DE tracks Bloomberg US 3-7 Year Treasury Bond. They also come from different issuers: JPMorgan and State Street. Their fees differ too: 0.07% for BBTR.DE and 0.15% for SPP3.DE.
Find the right allocation for BBTR.DE and SPP3.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer