IUS6.DE vs. SPPS.DE
IUS6.DE (iShares Euro Covered Bond UCITS ETF) and SPPS.DE (SPDR Bloomberg SASB 0-3 Year Euro Corporate ESG UCITS ETF Acc) are both European Corporate Bonds funds - IUS6.DE tracks the iBoxx® EUR Covered while SPPS.DE tracks the Bloomberg SASB Euro Corporate 0-3 year ESG Ex-Controversies Select. Both are passively managed. Over the past 3 years, IUS6.DE returned 3.14%/yr vs 3.72%/yr for SPPS.DE. At a 0.50 correlation, their price movements are largely independent. IUS6.DE charges 0.20%/yr vs 0.12%/yr for SPPS.DE.
Performance
IUS6.DE vs. SPPS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IUS6.DE achieves a 0.30% return, which is significantly lower than SPPS.DE's 0.69% return.
IUS6.DE
- 1D
- 0.12%
- 1M
- 0.04%
- YTD
- 0.30%
- 6M
- 0.23%
- 1Y
- 1.06%
- 3Y*
- 3.14%
- 5Y*
- -0.93%
- 10Y*
- -0.15%
SPPS.DE
- 1D
- -0.02%
- 1M
- 0.01%
- YTD
- 0.69%
- 6M
- 0.82%
- 1Y
- 2.09%
- 3Y*
- 3.72%
- 5Y*
- —
- 10Y*
- —
IUS6.DE vs. SPPS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IUS6.DE iShares Euro Covered Bond UCITS ETF | 0.30% | 2.11% | 2.85% | 5.72% | -6.95% |
SPPS.DE SPDR Bloomberg SASB 0-3 Year Euro Corporate ESG UCITS ETF Acc | 0.69% | 2.96% | 4.20% | 4.07% | -1.54% |
Correlation
The correlation between IUS6.DE and SPPS.DE is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since May 5, 2022 | 0.50 |
The correlation between IUS6.DE and SPPS.DE shifts across timeframes, from 0.34 (1 year) to 0.50 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IUS6.DE vs. SPPS.DE — Risk / Return Rank
IUS6.DE
SPPS.DE
IUS6.DE vs. SPPS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Covered Bond UCITS ETF (IUS6.DE) and SPDR Bloomberg SASB 0-3 Year Euro Corporate ESG UCITS ETF Acc (SPPS.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.
| IUS6.DE | SPPS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.24 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.35 | 1.70 | -1.34 |
| Martin ratioReturn relative to average drawdown | 0.97 | 6.89 | -5.92 |
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
| IUS6.DE | SPPS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.30 | 1.03 | -0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.24 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.05 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 1.10 | -0.78 |
Drawdowns
IUS6.DE vs. SPPS.DE - Drawdown Comparison
The maximum IUS6.DE drawdown since its inception was -16.47%, which is greater than SPPS.DE's maximum drawdown of -2.70%. Use the drawdown chart below to compare losses from any high point for IUS6.DE and SPPS.DE.
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Drawdown Indicators
| IUS6.DE | SPPS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.47% | -2.70% | -13.77% |
Max Drawdown (1Y)Largest decline over 1 year | -2.22% | -1.18% | -1.04% |
Max Drawdown (3Y)Largest decline over 3 years | -2.22% | -1.18% | -1.04% |
Max Drawdown (5Y)Largest decline over 5 years | -15.57% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -16.47% | — | — |
Current DrawdownCurrent decline from peak | -6.35% | -0.23% | -6.12% |
Average DrawdownAverage peak-to-trough decline | -3.71% | -0.44% | -3.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 0.29% | +0.52% |
Volatility
IUS6.DE vs. SPPS.DE - Volatility Comparison
The current volatility for iShares Euro Covered Bond UCITS ETF (IUS6.DE) is 0.97%, while SPDR Bloomberg SASB 0-3 Year Euro Corporate ESG UCITS ETF Acc (SPPS.DE) has a volatility of 1.05%. This indicates that IUS6.DE experiences smaller price fluctuations and is considered to be less risky than SPPS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUS6.DE | SPPS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | 1.05% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.14% | 1.85% | +0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.58% | 1.94% | +0.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.84% | 2.26% | +1.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.17% | 2.26% | +0.91% |
IUS6.DE vs. SPPS.DE - Expense Ratio Comparison
IUS6.DE has a 0.20% expense ratio, which is higher than SPPS.DE's 0.12% 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
IUS6.DE vs. SPPS.DE - Dividend Comparison
IUS6.DE's dividend yield for the trailing twelve months is around 2.16%, while SPPS.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IUS6.DE iShares Euro Covered Bond UCITS ETF | 2.16% | 2.03% | 1.51% | 0.90% | 0.29% | 0.26% | 0.35% | 0.47% | 0.60% | 0.64% | 0.97% | 0.62% |
SPPS.DE SPDR Bloomberg SASB 0-3 Year Euro Corporate ESG UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IUS6.DE and SPPS.DE have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPPS.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPPS.DE is cheaper with a 0.12% expense ratio, compared with 0.20% for IUS6.DE.
IUS6.DE tracks iBoxx® EUR Covered, while SPPS.DE tracks Bloomberg SASB Euro Corporate 0-3 year ESG Ex-Controversies Select. They also come from different issuers: iShares and State Street. Their fees differ too: 0.20% for IUS6.DE and 0.12% for SPPS.DE.
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