SBU3.DE vs. ^TNX

Last updated Apr 2, 2026

Compare and contrast key facts about WisdomTree Bund 10Y 3x Daily Short (SBU3.DE) and Treasury Yield 10 Years (^TNX).

SBU3.DE is a passively managed fund by WisdomTree that tracks the performance of the BNP Paribas Bund 10Y Rolling Future Short Leverage (-3x) index. It was launched on Aug 1, 2014.

Performance

SBU3.DE vs. ^TNX - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in WisdomTree Bund 10Y 3x Daily Short (SBU3.DE) and Treasury Yield 10 Years (^TNX). The values are adjusted to include any dividend payments, if applicable.

SBU3.DE vs. ^TNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SBU3.DE WisdomTree Bund 10Y 3x Daily Short	2.04%	8.28%	14.07%	-14.50%	75.74%	3.46%	-14.45%	-15.59%	-13.49%	-5.40%
^TNX Treasury Yield 10 Years	5.48%	-19.77%	26.10%	-3.32%	172.45%	77.22%	-56.15%	-26.94%	16.93%	-13.76%

Different Trading Currencies

SBU3.DE is traded in EUR, while ^TNX is traded in USD. To make them comparable, the ^TNX values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, SBU3.DE achieves a 2.04% return, which is significantly lower than ^TNX's 5.48% return. Over the past 10 years, SBU3.DE has underperformed ^TNX with an annualized return of 0.69%, while ^TNX has yielded a comparatively higher 9.12% annualized return.

SBU3.DE

• 1D: -0.24%
• 1M: 7.24%
• YTD: 2.04%
• 6M: 5.30%
• 1Y: 3.91%
• 3Y*: 5.94%
• 5Y*: 13.41%
• 10Y*: 0.69%

^TNX

• 1D: 0.31%
• 1M: 7.03%
• YTD: 5.48%
• 6M: 7.17%
• 1Y: -3.52%
• 3Y*: 5.91%
• 5Y*: 21.26%
• 10Y*: 9.12%

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

Return for Risk

SBU3.DE vs. ^TNX — Risk / Return Rank

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

SBU3.DE

SBU3.DE Risk / Return Rank: 19
SBU3.DE Sharpe Ratio Rank: 19
SBU3.DE Sortino Ratio Rank: 19
SBU3.DE Omega Ratio Rank: 17
SBU3.DE Calmar Ratio Rank: 20
SBU3.DE Martin Ratio Rank: 18

^TNX

^TNX Risk / Return Rank: 20
^TNX Sharpe Ratio Rank: 20
^TNX Sortino Ratio Rank: 19
^TNX Omega Ratio Rank: 18
^TNX Calmar Ratio Rank: 23
^TNX Martin Ratio Rank: 22

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.

SBU3.DE vs. ^TNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Bund 10Y 3x Daily Short (SBU3.DE) and Treasury Yield 10 Years (^TNX). 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.

	SBU3.DE	^TNX	Difference
Sharpe ratio Return per unit of total volatility	0.30	-0.17	+0.47
Sortino ratio Return per unit of downside risk	0.55	-0.09	+0.64
Omega ratio Gain probability vs. loss probability	1.06	0.99	+0.07
Calmar ratio Return relative to maximum drawdown	0.42	-0.17	+0.59
Martin ratio Return relative to average drawdown	1.05	-0.27	+1.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SBU3.DE vs. ^TNX - Sharpe Ratio Comparison

The current SBU3.DE Sharpe Ratio is 0.30, which is higher than the ^TNX Sharpe Ratio of -0.17. The chart below compares the historical Sharpe Ratios of SBU3.DE and ^TNX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SBU3.DE	^TNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.30	-0.17	+0.47
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	0.60	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.04	0.18	-0.15
Sharpe Ratio (All Time) Calculated using the full available price history	-0.16	-0.01	-0.15

Correlation

The correlation between SBU3.DE and ^TNX is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Drawdowns

SBU3.DE vs. ^TNX - Drawdown Comparison

The maximum SBU3.DE drawdown since its inception was -64.58%, smaller than the maximum ^TNX drawdown of -88.95%. Use the drawdown chart below to compare losses from any high point for SBU3.DE and ^TNX.

Drawdown Indicators

	SBU3.DE	^TNX	Difference
Max Drawdown Largest peak-to-trough decline	-64.58%	-93.78%	+29.20%
Max Drawdown (1Y) Largest decline over 1 year	-7.13%	-13.99%	+6.86%
Max Drawdown (5Y) Largest decline over 5 years	-27.87%	-31.74%	+3.87%
Max Drawdown (10Y) Largest decline over 10 years	-48.67%	-84.57%	+35.90%
Current Drawdown Current decline from peak	-28.49%	-46.24%	+17.75%
Average Drawdown Average peak-to-trough decline	-41.95%	-51.38%	+9.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.87%	8.40%	-5.53%

Volatility

SBU3.DE vs. ^TNX - Volatility Comparison

The current volatility for WisdomTree Bund 10Y 3x Daily Short (SBU3.DE) is 5.65%, while Treasury Yield 10 Years (^TNX) has a volatility of 6.79%. This indicates that SBU3.DE experiences smaller price fluctuations and is considered to be less risky than ^TNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SBU3.DE	^TNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.65%	6.79%	-1.14%
Volatility (6M) Calculated over the trailing 6-month period	8.15%	12.22%	-4.07%
Volatility (1Y) Calculated over the trailing 1-year period	12.85%	21.22%	-8.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.15%	35.53%	-13.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.29%	49.98%	-31.69%