CBU0.DE vs. SPP3.DE
CBU0.DE (iShares Core GBP Corporate Bond UCITS ETF (EUR Hedged) Acc) and SPP3.DE (SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF) are both exchange-traded funds - CBU0.DE is a Corporate Bonds fund tracking the iBoxx® GBP Liquid Corporates Large Cap (EUR Hedged), while SPP3.DE is a Government Bonds fund tracking the Bloomberg US 3-7 Year Treasury Bond. Both are passively managed. Over the past 3 years, CBU0.DE returned 3.94%/yr vs 0.87%/yr for SPP3.DE. At a 0.15 correlation, their price movements are largely independent. CBU0.DE charges 0.25%/yr vs 0.15%/yr for SPP3.DE.
Performance
CBU0.DE vs. SPP3.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CBU0.DE achieves a -0.89% return, which is significantly lower than SPP3.DE's 0.86% return.
CBU0.DE
- 1D
- 0.17%
- 1M
- 1.62%
- YTD
- -0.89%
- 6M
- -0.90%
- 1Y
- 2.46%
- 3Y*
- 3.94%
- 5Y*
- —
- 10Y*
- —
SPP3.DE
- 1D
- 0.03%
- 1M
- 0.59%
- YTD
- 0.86%
- 6M
- 0.21%
- 1Y
- 1.40%
- 3Y*
- 0.87%
- 5Y*
- 1.43%
- 10Y*
- 1.16%
CBU0.DE vs. SPP3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CBU0.DE iShares Core GBP Corporate Bond UCITS ETF (EUR Hedged) Acc | -0.89% | 4.58% | -0.25% | 5.06% |
SPP3.DE SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF | 0.86% | -4.58% | 7.72% | -1.91% |
Correlation
The correlation between CBU0.DE and SPP3.DE is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2023 | 0.15 |
The correlation between CBU0.DE and SPP3.DE shifts across timeframes, from -0.11 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CBU0.DE vs. SPP3.DE — Risk / Return Rank
CBU0.DE
SPP3.DE
CBU0.DE vs. SPP3.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core GBP Corporate Bond UCITS ETF (EUR Hedged) Acc (CBU0.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.
| CBU0.DE | SPP3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.05 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.58 | 0.34 | +0.24 |
| Martin ratioReturn relative to average drawdown | 1.62 | 0.87 | +0.75 |
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
| CBU0.DE | SPP3.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.48 | 0.26 | +0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.18 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.16 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.12 | +0.32 |
Drawdowns
CBU0.DE vs. SPP3.DE - Drawdown Comparison
The maximum CBU0.DE drawdown since its inception was -6.02%, smaller than the maximum SPP3.DE drawdown of -16.82%. Use the drawdown chart below to compare losses from any high point for CBU0.DE and SPP3.DE.
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Drawdown Indicators
| CBU0.DE | SPP3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.02% | -16.82% | +10.80% |
Max Drawdown (1Y)Largest decline over 1 year | -4.20% | -4.06% | -0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -4.20% | -9.95% | +5.75% |
Max Drawdown (5Y)Largest decline over 5 years | — | -11.51% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.82% | — |
Current DrawdownCurrent decline from peak | -2.03% | -6.25% | +4.22% |
Average DrawdownAverage peak-to-trough decline | -1.65% | -6.75% | +5.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.52% | 1.61% | -0.09% |
Volatility
CBU0.DE vs. SPP3.DE - Volatility Comparison
iShares Core GBP Corporate Bond UCITS ETF (EUR Hedged) Acc (CBU0.DE) has a higher volatility of 2.00% compared to SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF (SPP3.DE) at 0.76%. This indicates that CBU0.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.
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Volatility by Period
| CBU0.DE | SPP3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.00% | 0.76% | +1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 4.39% | 3.64% | +0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.11% | 5.29% | -0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.81% | 7.72% | -1.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.81% | 7.35% | -1.54% |
CBU0.DE vs. SPP3.DE - Expense Ratio Comparison
CBU0.DE has a 0.25% expense ratio, which is higher than SPP3.DE's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
CBU0.DE vs. SPP3.DE - Dividend Comparison
CBU0.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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CBU0.DE iShares Core GBP Corporate Bond UCITS ETF (EUR Hedged) 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
CBU0.DE and SPP3.DE have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPP3.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPP3.DE is cheaper with a 0.15% expense ratio, compared with 0.25% for CBU0.DE.
CBU0.DE is categorized as Corporate Bonds, while SPP3.DE is Government Bonds. CBU0.DE tracks iBoxx® GBP Liquid Corporates Large Cap (EUR Hedged), while SPP3.DE tracks Bloomberg US 3-7 Year Treasury Bond. They also come from different issuers: iShares and State Street. Their fees differ too: 0.25% for CBU0.DE and 0.15% for SPP3.DE.
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