DJAD.DE vs. SPPX.DE
DJAD.DE (Amundi US Treasury Bond Long Dated UCITS ETF Dist) and SPPX.DE (SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF) are both Government Bonds funds - DJAD.DE tracks the Bloomberg US Long Treasury Index while SPPX.DE tracks the Bloomberg US 10+ Year Treasury Bond. Both are passively managed. Over the past 10 years, DJAD.DE returned -3.11%/yr vs -1.66%/yr for SPPX.DE. Their correlation of 0.90 suggests significant overlap in exposure. DJAD.DE charges 0.06%/yr vs 0.15%/yr for SPPX.DE.
Performance
DJAD.DE vs. SPPX.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with DJAD.DE having a 4.92% return and SPPX.DE slightly higher at 5.09%. Over the past 10 years, DJAD.DE has underperformed SPPX.DE with an annualized return of -3.11%, while SPPX.DE has yielded a comparatively higher -1.66% annualized return.
DJAD.DE
- 1D
- -0.14%
- 1M
- 5.08%
- YTD
- 4.92%
- 6M
- 5.35%
- 1Y
- 7.45%
- 3Y*
- -1.76%
- 5Y*
- -4.26%
- 10Y*
- -3.11%
SPPX.DE
- 1D
- -0.11%
- 1M
- 5.04%
- YTD
- 5.09%
- 6M
- 5.56%
- 1Y
- 7.67%
- 3Y*
- -1.69%
- 5Y*
- -4.26%
- 10Y*
- -1.66%
DJAD.DE vs. SPPX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DJAD.DE Amundi US Treasury Bond Long Dated UCITS ETF Dist | 4.92% | -6.15% | -0.86% | -0.75% | -24.23% | 3.18% | 6.09% | 17.33% | -14.73% | 7.90% |
SPPX.DE SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF | 5.09% | -6.02% | -0.97% | -0.77% | -24.28% | 3.04% | 6.12% | 17.93% | 2.67% | -4.61% |
Correlation
The correlation between DJAD.DE and SPPX.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 | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Feb 17, 2016 | 0.90 |
The correlation between DJAD.DE and SPPX.DE has been stable across timeframes, ranging from 0.90 to 1.00 - a consistent structural relationship.
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Return for Risk
DJAD.DE vs. SPPX.DE — Risk / Return Rank
DJAD.DE
SPPX.DE
DJAD.DE vs. SPPX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi US Treasury Bond Long Dated UCITS ETF Dist (DJAD.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DJAD.DE | SPPX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.15 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.16 | 1.21 | -0.05 |
| Martin ratioReturn relative to average drawdown | 2.51 | 2.62 | -0.11 |
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Drawdowns
DJAD.DE vs. SPPX.DE - Drawdown Comparison
The maximum DJAD.DE drawdown since its inception was -44.43%, roughly equal to the maximum SPPX.DE drawdown of -44.59%. Use the drawdown chart below to compare losses from any high point for DJAD.DE and SPPX.DE.
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Drawdown Indicators
| DJAD.DE | SPPX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.43% | -44.59% | +0.16% |
Max Drawdown (1Y)Largest decline over 1 year | -6.38% | -6.30% | -0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -16.68% | -16.53% | -0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -36.54% | -36.55% | +0.01% |
Max Drawdown (10Y)Largest decline over 10 years | -44.43% | -44.59% | +0.16% |
Current DrawdownCurrent decline from peak | -38.25% | -38.37% | +0.12% |
Average DrawdownAverage peak-to-trough decline | -17.81% | -22.68% | +4.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 2.92% | +0.04% |
Volatility
DJAD.DE vs. SPPX.DE - Volatility Comparison
Amundi US Treasury Bond Long Dated UCITS ETF Dist (DJAD.DE) and SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF (SPPX.DE) have volatilities of 2.37% and 2.39%, 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
| DJAD.DE | SPPX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.37% | 2.39% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 6.05% | 6.21% | -0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.94% | 9.00% | -0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.22% | 14.21% | +0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.02% | 16.48% | -2.46% |
DJAD.DE vs. SPPX.DE - Expense Ratio Comparison
DJAD.DE has a 0.06% expense ratio, which is lower than SPPX.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
DJAD.DE vs. SPPX.DE - Dividend Comparison
DJAD.DE's dividend yield for the trailing twelve months is around 3.33%, less than SPPX.DE's 4.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
DJAD.DE Amundi US Treasury Bond Long Dated UCITS ETF Dist | 3.33% | 3.50% | 3.53% | 2.88% | 3.36% | 2.22% | 2.38% | 2.87% | 3.22% | 2.75% | 0.00% |
SPPX.DE SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF | 4.42% | 4.77% | 4.08% | 3.14% | 2.57% | 1.63% | 2.07% | 2.42% | 2.38% | 2.77% | 1.07% |
Frequently Asked Questions
With a correlation of 0.97, DJAD.DE and SPPX.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, DJAD.DE is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DJAD.DE is cheaper with a 0.06% expense ratio, compared with 0.15% for SPPX.DE.
DJAD.DE tracks Bloomberg US Long Treasury Index, while SPPX.DE tracks Bloomberg US 10+ Year Treasury Bond. They also come from different issuers: Amundi and State Street. Their fees differ too: 0.06% for DJAD.DE and 0.15% for SPPX.DE.
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