LDCE.DE vs. SPPS.DE

Last updated Jun 5, 2026

LDCE.DE (PIMCO Euro Low Duration Corporate Bond UCITS ETF Dist) and SPPS.DE (SPDR Bloomberg SASB 0-3 Year Euro Corporate ESG UCITS ETF Acc) are both European Corporate Bonds funds - LDCE.DE tracks the PIMCO Low Duration Euro Corporate Bond 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, LDCE.DE returned 4.78%/yr vs 3.72%/yr for SPPS.DE. At a 0.44 correlation, their price movements are largely independent. LDCE.DE charges 0.49%/yr vs 0.12%/yr for SPPS.DE.

Performance

LDCE.DE vs. SPPS.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in PIMCO Euro Low Duration Corporate Bond UCITS ETF Dist (LDCE.DE) and SPDR Bloomberg SASB 0-3 Year Euro Corporate ESG UCITS ETF Acc (SPPS.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LDCE.DE achieves a 0.33% return, which is significantly lower than SPPS.DE's 0.69% return.

LDCE.DE

• 1D: 0.27%
• 1M: 0.57%
• YTD: 0.33%
• 6M: 0.13%
• 1Y: 2.14%
• 3Y*: 4.78%
• 5Y*: 1.27%
• 10Y*: 1.27%

SPPS.DE

• 1D: -0.02%
• 1M: 0.37%
• YTD: 0.69%
• 6M: 0.76%
• 1Y: 2.01%
• 3Y*: 3.72%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

LDCE.DE vs. SPPS.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
LDCE.DE PIMCO Euro Low Duration Corporate Bond UCITS ETF Dist	0.33%	4.19%	4.68%	6.54%	-3.51%
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 LDCE.DE and SPPS.DE is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (All Time) Calculated using the full available price history since May 5, 2022	0.44

The correlation between LDCE.DE and SPPS.DE shifts across timeframes, from 0.32 (1 year) to 0.44 (all time), reflecting how their relationship changes across market environments.

Return for Risk

LDCE.DE vs. SPPS.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LDCE.DE

LDCE.DE Risk / Return Rank: 20
LDCE.DE Sharpe Ratio Rank: 20
LDCE.DE Sortino Ratio Rank: 19
LDCE.DE Omega Ratio Rank: 20
LDCE.DE Calmar Ratio Rank: 19
LDCE.DE Martin Ratio Rank: 22

SPPS.DE

SPPS.DE Risk / Return Rank: 34
SPPS.DE Sharpe Ratio Rank: 29
SPPS.DE Sortino Ratio Rank: 27
SPPS.DE Omega Ratio Rank: 37
SPPS.DE Calmar Ratio Rank: 35
SPPS.DE Martin Ratio Rank: 43

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LDCE.DE vs. SPPS.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Euro Low Duration Corporate Bond UCITS ETF Dist (LDCE.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.

	LDCE.DE	SPPS.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.67	1.03	-0.36
Sortino ratio: Return per unit of downside risk	0.98	1.45	-0.47
Omega ratio: Gain probability vs. loss probability	1.13	1.24	-0.11
Calmar ratio: Return relative to maximum drawdown	0.81	1.70	-0.89
Martin ratio: Return relative to average drawdown	2.69	6.89	-4.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LDCE.DE vs. SPPS.DE - Sharpe Ratio Comparison

The current LDCE.DE Sharpe Ratio is 0.67, which is lower than the SPPS.DE Sharpe Ratio of 1.03. The chart below compares the historical Sharpe Ratios of LDCE.DE and SPPS.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LDCE.DE	SPPS.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.67	1.03	-0.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.44	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	1.10	-0.50

Drawdowns

LDCE.DE vs. SPPS.DE - Drawdown Comparison

The maximum LDCE.DE drawdown since its inception was -11.07%, 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 LDCE.DE and SPPS.DE.

Drawdown Indicators

	LDCE.DE	SPPS.DE	Difference
Max Drawdown Largest peak-to-trough decline	-11.07%	-2.70%	-8.37%
Max Drawdown (1Y) Largest decline over 1 year	-2.63%	-1.18%	-1.45%
Max Drawdown (3Y) Largest decline over 3 years	-2.63%	-1.18%	-1.45%
Max Drawdown (5Y) Largest decline over 5 years	-11.07%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-11.07%	—	—
Current Drawdown Current decline from peak	-0.77%	-0.23%	-0.54%
Average Drawdown Average peak-to-trough decline	-1.75%	-0.44%	-1.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.79%	0.29%	+0.50%

Volatility

LDCE.DE vs. SPPS.DE - Volatility Comparison

PIMCO Euro Low Duration Corporate Bond UCITS ETF Dist (LDCE.DE) has a higher volatility of 1.19% compared to SPDR Bloomberg SASB 0-3 Year Euro Corporate ESG UCITS ETF Acc (SPPS.DE) at 1.05%. This indicates that LDCE.DE's price experiences larger fluctuations and is considered to be riskier than SPPS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LDCE.DE	SPPS.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.19%	1.05%	+0.14%
Volatility (6M) Calculated over the trailing 6-month period	2.71%	1.85%	+0.86%
Volatility (1Y) Calculated over the trailing 1-year period	3.18%	1.94%	+1.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.88%	2.26%	+0.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.45%	2.26%	+0.19%

LDCE.DE vs. SPPS.DE - Expense Ratio Comparison

LDCE.DE has a 0.49% expense ratio, which is higher than SPPS.DE's 0.12% expense ratio.

Dividends

LDCE.DE vs. SPPS.DE - Dividend Comparison

LDCE.DE's dividend yield for the trailing twelve months is around 3.37%, while SPPS.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LDCE.DE PIMCO Euro Low Duration Corporate Bond UCITS ETF Dist	3.37%	3.22%	2.73%	1.72%	0.94%	0.51%	0.51%	0.63%	0.65%	0.71%	0.95%	0.93%
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

Can I hold both LDCE.DE and SPPS.DE in my portfolio?

LDCE.DE and SPPS.DE have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LDCE.DE or SPPS.DE?

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.

Which ETF is cheaper, LDCE.DE or SPPS.DE?

SPPS.DE is cheaper with a 0.12% expense ratio, compared with 0.49% for LDCE.DE.

What is the main difference between LDCE.DE and SPPS.DE?

LDCE.DE tracks PIMCO Low Duration Euro Corporate Bond, while SPPS.DE tracks Bloomberg SASB Euro Corporate 0-3 year ESG Ex-Controversies Select. They also come from different issuers: PIMCO and State Street. Their fees differ too: 0.49% for LDCE.DE and 0.12% for SPPS.DE.