IS0X.DE vs. SPSB
IS0X.DE (iShares Global Corporate Bond UCITS ETF) and SPSB (SPDR Portfolio Short Term Corporate Bond ETF) are both exchange-traded funds - IS0X.DE is a Global Corporate Bonds fund tracking the Bloomberg Global Aggregate Corporate, while SPSB is a Corporate Bonds fund tracking the Bloomberg Barclays U.S. 1-3 Year Corporate Bond Index. Both are passively managed. Over the past 10 years, IS0X.DE returned 1.91%/yr vs 2.47%/yr for SPSB. A 0.60 correlation means they provide meaningful diversification when combined. IS0X.DE charges 0.20%/yr vs 0.07%/yr for SPSB.
Performance
IS0X.DE vs. SPSB - Performance Comparison
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Different Trading Currencies
IS0X.DE is traded in EUR, while SPSB is traded in USD. To make them comparable, the SPSB values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IS0X.DE achieves a 1.22% return, which is significantly lower than SPSB's 2.75% return. Over the past 10 years, IS0X.DE has underperformed SPSB with an annualized return of 1.91%, while SPSB has yielded a comparatively higher 2.47% annualized return.
IS0X.DE
- 1D
- 0.05%
- 1M
- 0.85%
- YTD
- 1.22%
- 6M
- 0.79%
- 1Y
- 3.24%
- 3Y*
- 3.01%
- 5Y*
- 0.99%
- 10Y*
- 1.91%
SPSB
- 1D
- 0.60%
- 1M
- 1.93%
- YTD
- 2.75%
- 6M
- 2.23%
- 1Y
- 3.50%
- 3Y*
- 2.70%
- 5Y*
- 3.80%
- 10Y*
- 2.47%
IS0X.DE vs. SPSB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS0X.DE iShares Global Corporate Bond UCITS ETF | 1.22% | -2.16% | 7.10% | 5.53% | -11.18% | 4.80% | 0.18% | 14.28% | 0.50% | -4.36% |
SPSB SPDR Portfolio Short Term Corporate Bond ETF | 2.75% | -6.70% | 12.20% | 2.43% | 2.68% | 7.27% | -4.73% | 7.59% | 6.21% | -10.90% |
Correlation
The correlation between IS0X.DE and SPSB is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2012 | 0.60 |
The correlation between IS0X.DE and SPSB has been stable across timeframes, ranging from 0.52 to 0.60 - a consistent structural relationship.
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Return for Risk
IS0X.DE vs. SPSB — Risk / Return Rank
IS0X.DE
SPSB
IS0X.DE vs. SPSB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Corporate Bond UCITS ETF (IS0X.DE) and SPDR Portfolio Short Term Corporate Bond ETF (SPSB). 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.
| IS0X.DE | SPSB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.11 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.41 | 0.98 | +0.42 |
| Martin ratioReturn relative to average drawdown | 3.02 | 2.52 | +0.49 |
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
| IS0X.DE | SPSB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 0.61 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.53 | -0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | 0.34 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.43 | -0.04 |
Drawdowns
IS0X.DE vs. SPSB - Drawdown Comparison
The maximum IS0X.DE drawdown since its inception was -13.65%, smaller than the maximum SPSB drawdown of -16.94%. Use the drawdown chart below to compare losses from any high point for IS0X.DE and SPSB.
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Drawdown Indicators
| IS0X.DE | SPSB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.65% | -16.94% | +3.29% |
Max Drawdown (1Y)Largest decline over 1 year | -2.08% | -3.58% | +1.50% |
Max Drawdown (3Y)Largest decline over 3 years | -8.54% | -10.56% | +2.02% |
Max Drawdown (5Y)Largest decline over 5 years | -13.05% | -11.39% | -1.66% |
Max Drawdown (10Y)Largest decline over 10 years | -13.65% | -15.78% | +2.13% |
Current DrawdownCurrent decline from peak | -3.15% | -5.09% | +1.94% |
Average DrawdownAverage peak-to-trough decline | -4.61% | -5.70% | +1.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 1.39% | -0.42% |
Volatility
IS0X.DE vs. SPSB - Volatility Comparison
iShares Global Corporate Bond UCITS ETF (IS0X.DE) and SPDR Portfolio Short Term Corporate Bond ETF (SPSB) have volatilities of 1.13% and 1.09%, 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
| IS0X.DE | SPSB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 1.09% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 3.02% | 4.03% | -1.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.38% | 5.75% | -1.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.46% | 7.20% | -0.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.56% | 7.38% | -0.82% |
IS0X.DE vs. SPSB - Expense Ratio Comparison
IS0X.DE has a 0.20% expense ratio, which is higher than SPSB's 0.07% 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
IS0X.DE vs. SPSB - Dividend Comparison
IS0X.DE's dividend yield for the trailing twelve months is around 4.25%, less than SPSB's 4.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS0X.DE iShares Global Corporate Bond UCITS ETF | 4.25% | 4.22% | 3.80% | 3.35% | 2.65% | 2.03% | 2.45% | 2.68% | 2.59% | 2.64% | 2.57% | 2.61% |
SPSB SPDR Portfolio Short Term Corporate Bond ETF | 4.41% | 4.55% | 4.85% | 4.05% | 1.92% | 1.19% | 1.94% | 2.77% | 2.36% | 1.94% | 1.65% | 1.43% |
Frequently Asked Questions
IS0X.DE and SPSB have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPSB is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPSB is cheaper with a 0.07% expense ratio, compared with 0.20% for IS0X.DE.
IS0X.DE is categorized as Global Corporate Bonds, while SPSB is Corporate Bonds. IS0X.DE tracks Bloomberg Global Aggregate Corporate, while SPSB tracks Bloomberg Barclays U.S. 1-3 Year Corporate Bond Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.20% for IS0X.DE and 0.07% for SPSB.
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