BBTR.DE vs. SPP7.DE
BBTR.DE (JPMorgan BetaBuilders US Treasury Bond UCITS ETF USD (Acc)) and SPP7.DE (SPDR Bloomberg 7-10 Year US Treasury Bond UCITS ETF) are both Government Bonds funds - BBTR.DE tracks the J.P. Morgan Government Bond US Index while SPP7.DE tracks the Bloomberg US 7-10 Year Treasury Bond. Both are passively managed. Over the past 5 years, BBTR.DE returned 0.35%/yr vs 0.17%/yr for SPP7.DE. Their correlation of 0.86 suggests significant overlap in exposure. BBTR.DE charges 0.07%/yr vs 0.15%/yr for SPP7.DE.
Performance
BBTR.DE vs. SPP7.DE - Performance Comparison
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Returns By Period
In the year-to-date period, BBTR.DE achieves a 1.03% return, which is significantly higher than SPP7.DE's 0.25% 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*
- —
SPP7.DE
- 1D
- 0.01%
- 1M
- 0.53%
- YTD
- 0.25%
- 6M
- -0.29%
- 1Y
- 2.30%
- 3Y*
- -0.11%
- 5Y*
- 0.17%
- 10Y*
- 0.60%
BBTR.DE vs. SPP7.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% |
SPP7.DE SPDR Bloomberg 7-10 Year US Treasury Bond UCITS ETF | 0.25% | -3.30% | 5.21% | 1.24% | -9.75% | 4.98% | -0.10% | 5.63% |
Correlation
The correlation between BBTR.DE and SPP7.DE is 0.95 - 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since May 7, 2019 | 0.86 |
The correlation between BBTR.DE and SPP7.DE shifts across timeframes, from 0.86 (all time) to 0.97 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BBTR.DE vs. SPP7.DE — Risk / Return Rank
BBTR.DE
SPP7.DE
BBTR.DE vs. SPP7.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 7-10 Year US Treasury Bond UCITS ETF (SPP7.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 | SPP7.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.06 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.41 | 0.44 | -0.03 |
| Martin ratioReturn relative to average drawdown | 1.02 | 1.13 | -0.11 |
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
| BBTR.DE | SPP7.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.30 | 0.33 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.02 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.07 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.05 | 0.00 |
Drawdowns
BBTR.DE vs. SPP7.DE - Drawdown Comparison
The maximum BBTR.DE drawdown since its inception was -17.63%, smaller than the maximum SPP7.DE drawdown of -20.31%. Use the drawdown chart below to compare losses from any high point for BBTR.DE and SPP7.DE.
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Drawdown Indicators
| BBTR.DE | SPP7.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.63% | -20.31% | +2.68% |
Max Drawdown (1Y)Largest decline over 1 year | -4.05% | -4.35% | +0.30% |
Max Drawdown (3Y)Largest decline over 3 years | -11.14% | -10.58% | -0.56% |
Max Drawdown (5Y)Largest decline over 5 years | -13.20% | -14.56% | +1.36% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.31% | — |
Current DrawdownCurrent decline from peak | -13.35% | -15.29% | +1.94% |
Average DrawdownAverage peak-to-trough decline | -10.31% | -10.62% | +0.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 1.69% | -0.06% |
Volatility
BBTR.DE vs. SPP7.DE - Volatility Comparison
The current volatility for JPMorgan BetaBuilders US Treasury Bond UCITS ETF USD (Acc) (BBTR.DE) is 0.94%, while SPDR Bloomberg 7-10 Year US Treasury Bond UCITS ETF (SPP7.DE) has a volatility of 1.06%. This indicates that BBTR.DE experiences smaller price fluctuations and is considered to be less risky than SPP7.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBTR.DE | SPP7.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.94% | 1.06% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 3.82% | 4.11% | -0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.52% | 5.82% | -0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.19% | 9.14% | -0.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.07% | 8.49% | -0.42% |
BBTR.DE vs. SPP7.DE - Expense Ratio Comparison
BBTR.DE has a 0.07% expense ratio, which is lower than SPP7.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. SPP7.DE - Dividend Comparison
BBTR.DE has not paid dividends to shareholders, while SPP7.DE's dividend yield for the trailing twelve months is around 4.07%.
| 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% |
SPP7.DE SPDR Bloomberg 7-10 Year US Treasury Bond UCITS ETF | 4.07% | 4.20% | 3.47% | 4.07% | 1.66% | 0.97% | 1.69% | 2.33% | 1.98% | 1.99% | 0.70% |
Frequently Asked Questions
With a correlation of 0.95, BBTR.DE and SPP7.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 SPP7.DE.
BBTR.DE tracks J.P. Morgan Government Bond US Index, while SPP7.DE tracks Bloomberg US 7-10 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 SPP7.DE.
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