OM3M.DE vs. SPP3.DE
OM3M.DE (iShares USD Treasury Bond 3-7 UCITS ETF USD Dist) and SPP3.DE (SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF) are both Government Bonds funds - OM3M.DE tracks the ICE US Treasury 3-7 Year Bond Index while SPP3.DE tracks the Bloomberg US 3-7 Year Treasury Bond. Both are passively managed. Over the past 5 years, OM3M.DE returned 1.05%/yr vs 1.43%/yr for SPP3.DE. With a 0.98 correlation, they move nearly in lockstep. OM3M.DE charges 0.07%/yr vs 0.15%/yr for SPP3.DE.
Performance
OM3M.DE vs. SPP3.DE - Performance Comparison
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Returns By Period
In the year-to-date period, OM3M.DE achieves a 0.54% return, which is significantly lower than SPP3.DE's 0.86% return.
OM3M.DE
- 1D
- 0.06%
- 1M
- 0.59%
- YTD
- 0.54%
- 6M
- -0.08%
- 1Y
- 0.83%
- 3Y*
- 0.55%
- 5Y*
- 1.05%
- 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%
OM3M.DE vs. SPP3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
OM3M.DE iShares USD Treasury Bond 3-7 UCITS ETF USD Dist | 0.54% | -4.89% | 7.50% | 0.56% | -3.84% | 5.66% | -2.73% | 8.28% | 4.00% |
SPP3.DE SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF | 0.86% | -4.58% | 7.72% | 1.58% | -3.86% | 5.71% | -2.64% | 7.91% | 3.91% |
Correlation
The correlation between OM3M.DE and SPP3.DE is 0.98 - 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 | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2018 | 0.98 |
The correlation between OM3M.DE and SPP3.DE has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
OM3M.DE vs. SPP3.DE — Risk / Return Rank
OM3M.DE
SPP3.DE
OM3M.DE vs. SPP3.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Treasury Bond 3-7 UCITS ETF USD Dist (OM3M.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.
| OM3M.DE | SPP3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.05 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.20 | 0.34 | -0.14 |
| Martin ratioReturn relative to average drawdown | 0.51 | 0.87 | -0.36 |
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
| OM3M.DE | SPP3.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.16 | 0.26 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.18 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.16 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.12 | +0.12 |
Drawdowns
OM3M.DE vs. SPP3.DE - Drawdown Comparison
The maximum OM3M.DE drawdown since its inception was -13.79%, smaller than the maximum SPP3.DE drawdown of -16.82%. Use the drawdown chart below to compare losses from any high point for OM3M.DE and SPP3.DE.
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Drawdown Indicators
| OM3M.DE | SPP3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.79% | -16.82% | +3.03% |
Max Drawdown (1Y)Largest decline over 1 year | -4.06% | -4.06% | 0.00% |
Max Drawdown (3Y)Largest decline over 3 years | -9.94% | -9.95% | +0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -12.25% | -11.51% | -0.74% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.82% | — |
Current DrawdownCurrent decline from peak | -7.74% | -6.25% | -1.49% |
Average DrawdownAverage peak-to-trough decline | -6.62% | -6.75% | +0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 1.61% | +0.02% |
Volatility
OM3M.DE vs. SPP3.DE - Volatility Comparison
iShares USD Treasury Bond 3-7 UCITS ETF USD Dist (OM3M.DE) has a higher volatility of 0.81% compared to SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF (SPP3.DE) at 0.76%. This indicates that OM3M.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
| OM3M.DE | SPP3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.81% | 0.76% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 3.63% | 3.64% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.25% | 5.29% | -0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.56% | 7.72% | -0.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.18% | 7.35% | -0.17% |
OM3M.DE vs. SPP3.DE - Expense Ratio Comparison
OM3M.DE has a 0.07% expense ratio, which is lower than SPP3.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
OM3M.DE vs. SPP3.DE - Dividend Comparison
OM3M.DE's dividend yield for the trailing twelve months is around 3.38%, less than SPP3.DE's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
OM3M.DE iShares USD Treasury Bond 3-7 UCITS ETF USD Dist | 3.38% | 3.78% | 3.19% | 2.59% | 1.31% | 0.83% | 1.81% | 2.08% | 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
With a correlation of 0.98, OM3M.DE and SPP3.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, OM3M.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
OM3M.DE is cheaper with a 0.07% expense ratio, compared with 0.15% for SPP3.DE.
OM3M.DE tracks ICE US Treasury 3-7 Year Bond Index, 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: 0.07% for OM3M.DE and 0.15% for SPP3.DE.
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