QDVY.DE vs. SPPU.DE
QDVY.DE (iShares USD Floating Rate Bond UCITS ETF) and SPPU.DE (SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF) are both Corporate Bonds funds - QDVY.DE tracks the Bloomberg US Floating Rate Notes 1-5 while SPPU.DE tracks the Bloomberg SASB US Corporate ESG Ex-Controversies Select. Both are passively managed. Over the past 5 years, QDVY.DE returned 3.10%/yr vs 1.29%/yr for SPPU.DE. A 0.56 correlation means they provide meaningful diversification when combined. QDVY.DE charges 0.10%/yr vs 0.15%/yr for SPPU.DE.
Performance
QDVY.DE vs. SPPU.DE - Performance Comparison
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Returns By Period
In the year-to-date period, QDVY.DE achieves a 0.88% return, which is significantly lower than SPPU.DE's 1.68% return.
QDVY.DE
- 1D
- -0.14%
- 1M
- -0.63%
- YTD
- 0.88%
- 6M
- 0.12%
- 1Y
- -1.37%
- 3Y*
- -0.58%
- 5Y*
- 3.10%
- 10Y*
- —
SPPU.DE
- 1D
- 0.14%
- 1M
- 1.15%
- YTD
- 1.68%
- 6M
- 0.95%
- 1Y
- 4.12%
- 3Y*
- 2.27%
- 5Y*
- 1.29%
- 10Y*
- —
QDVY.DE vs. SPPU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
QDVY.DE iShares USD Floating Rate Bond UCITS ETF | 0.88% | -11.19% | 9.21% | 2.97% | 7.53% | 8.93% | -3.53% |
SPPU.DE SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF | 1.68% | -4.22% | 7.66% | 4.50% | -10.58% | 6.82% | -1.58% |
Correlation
The correlation between QDVY.DE and SPPU.DE is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2020 | 0.56 |
The correlation between QDVY.DE and SPPU.DE has been stable across timeframes, ranging from 0.54 to 0.63 - a consistent structural relationship.
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Return for Risk
QDVY.DE vs. SPPU.DE — Risk / Return Rank
QDVY.DE
SPPU.DE
QDVY.DE vs. SPPU.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Floating Rate Bond UCITS ETF (QDVY.DE) and SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF (SPPU.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.
| QDVY.DE | SPPU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -1.22 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.12 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.27 | 1.12 | -1.39 |
| Martin ratioReturn relative to average drawdown | -0.59 | 2.87 | -3.46 |
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
| QDVY.DE | SPPU.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.23 | 0.65 | -0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.15 | +0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.06 | +0.20 |
Drawdowns
QDVY.DE vs. SPPU.DE - Drawdown Comparison
The maximum QDVY.DE drawdown since its inception was -14.81%, which is greater than SPPU.DE's maximum drawdown of -13.50%. Use the drawdown chart below to compare losses from any high point for QDVY.DE and SPPU.DE.
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Drawdown Indicators
| QDVY.DE | SPPU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.81% | -13.50% | -1.31% |
Max Drawdown (1Y)Largest decline over 1 year | -5.67% | -3.32% | -2.35% |
Max Drawdown (3Y)Largest decline over 3 years | -14.81% | -11.44% | -3.37% |
Max Drawdown (5Y)Largest decline over 5 years | -14.81% | -13.50% | -1.31% |
Current DrawdownCurrent decline from peak | -12.65% | -5.13% | -7.52% |
Average DrawdownAverage peak-to-trough decline | -5.01% | -6.15% | +1.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 1.29% | +1.34% |
Volatility
QDVY.DE vs. SPPU.DE - Volatility Comparison
iShares USD Floating Rate Bond UCITS ETF (QDVY.DE) has a higher volatility of 2.20% compared to SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF (SPPU.DE) at 1.00%. This indicates that QDVY.DE's price experiences larger fluctuations and is considered to be riskier than SPPU.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QDVY.DE | SPPU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.20% | 1.00% | +1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 4.35% | 3.94% | +0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.84% | 5.71% | +1.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.90% | 8.42% | -0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.71% | 8.29% | -0.58% |
QDVY.DE vs. SPPU.DE - Expense Ratio Comparison
QDVY.DE has a 0.10% expense ratio, which is lower than SPPU.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
QDVY.DE vs. SPPU.DE - Dividend Comparison
Neither QDVY.DE nor SPPU.DE has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
QDVY.DE iShares USD Floating Rate Bond UCITS ETF | 0.00% | 0.00% | 2.90% | 5.61% | 1.50% | 0.57% | 1.75% | 2.94% | 2.20% | 0.47% |
SPPU.DE SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QDVY.DE and SPPU.DE have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QDVY.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QDVY.DE is cheaper with a 0.10% expense ratio, compared with 0.15% for SPPU.DE.
QDVY.DE tracks Bloomberg US Floating Rate Notes 1-5, while SPPU.DE tracks Bloomberg SASB US Corporate ESG Ex-Controversies Select. They also come from different issuers: iShares and State Street. Their fees differ too: 0.10% for QDVY.DE and 0.15% for SPPU.DE.
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