SBU3.DE vs. EUDF.DE
SBU3.DE (WisdomTree Bund 10Y 3x Daily Short) and EUDF.DE (WisdomTree Europe Defence UCITS ETF - EUR Acc) are both exchange-traded funds - SBU3.DE is a Leveraged Bonds fund tracking the BNP Paribas Bund 10Y Rolling Future Short Leverage (-3x) index, while EUDF.DE is a Aerospace & Defense fund tracking the WisdomTree Europe Defence UCITS Index (NTR). Both are passively managed. Over the past year, SBU3.DE returned 8.07% vs -5.09% for EUDF.DE. At a correlation of -0.08, they often move in opposite directions. SBU3.DE charges 0.30%/yr vs 0.40%/yr for EUDF.DE.
Performance
SBU3.DE vs. EUDF.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SBU3.DE achieves a 1.71% return, which is significantly lower than EUDF.DE's 2.51% return.
SBU3.DE
- 1D
- 0.19%
- 1M
- -1.38%
- YTD
- 1.71%
- 6M
- 3.80%
- 1Y
- 8.07%
- 3Y*
- 5.14%
- 5Y*
- 12.87%
- 10Y*
- 0.96%
EUDF.DE
- 1D
- 1.22%
- 1M
- -6.45%
- YTD
- 2.51%
- 6M
- 5.34%
- 1Y
- -5.09%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SBU3.DE vs. EUDF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SBU3.DE WisdomTree Bund 10Y 3x Daily Short | 1.71% | -3.50% |
EUDF.DE WisdomTree Europe Defence UCITS ETF - EUR Acc | 2.51% | 18.55% |
Correlation
The correlation between SBU3.DE and EUDF.DE is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (All Time) Calculated using the full available price history since Mar 12, 2025 | -0.08 |
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Return for Risk
SBU3.DE vs. EUDF.DE — Risk / Return Rank
SBU3.DE
EUDF.DE
SBU3.DE vs. EUDF.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Bund 10Y 3x Daily Short (SBU3.DE) and WisdomTree Europe Defence UCITS ETF - EUR Acc (EUDF.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.
| SBU3.DE | EUDF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.71 | ||
| Sortino ratioReturn per unit of downside risk | +0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.00 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | -0.17 | +1.30 |
| Martin ratioReturn relative to average drawdown | 3.02 | -0.39 | +3.41 |
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
| SBU3.DE | EUDF.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.59 | -0.12 | +0.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.05 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.16 | 0.55 | -0.71 |
Drawdowns
SBU3.DE vs. EUDF.DE - Drawdown Comparison
The maximum SBU3.DE drawdown since its inception was -64.58%, which is greater than EUDF.DE's maximum drawdown of -19.51%. Use the drawdown chart below to compare losses from any high point for SBU3.DE and EUDF.DE.
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Drawdown Indicators
| SBU3.DE | EUDF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.58% | -19.51% | -45.07% |
Max Drawdown (1Y)Largest decline over 1 year | -7.13% | -19.51% | +12.38% |
Max Drawdown (3Y)Largest decline over 3 years | -21.99% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -27.87% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -46.09% | — | — |
Current DrawdownCurrent decline from peak | -28.72% | -14.05% | -14.67% |
Average DrawdownAverage peak-to-trough decline | -41.75% | -6.55% | -35.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.65% | 8.29% | -5.64% |
Volatility
SBU3.DE vs. EUDF.DE - Volatility Comparison
The current volatility for WisdomTree Bund 10Y 3x Daily Short (SBU3.DE) is 5.43%, while WisdomTree Europe Defence UCITS ETF - EUR Acc (EUDF.DE) has a volatility of 9.95%. This indicates that SBU3.DE experiences smaller price fluctuations and is considered to be less risky than EUDF.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SBU3.DE | EUDF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.43% | 9.95% | -4.52% |
Volatility (6M)Calculated over the trailing 6-month period | 10.90% | 22.54% | -11.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.57% | 29.15% | -15.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.37% | 30.89% | -8.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.40% | 30.89% | -12.49% |
SBU3.DE vs. EUDF.DE - Expense Ratio Comparison
SBU3.DE has a 0.30% expense ratio, which is lower than EUDF.DE's 0.40% expense ratio.
Dividends
SBU3.DE vs. EUDF.DE - Dividend Comparison
Neither SBU3.DE nor EUDF.DE has paid dividends to shareholders.
Frequently Asked Questions
SBU3.DE and EUDF.DE have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SBU3.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SBU3.DE is cheaper with a 0.30% expense ratio, compared with 0.40% for EUDF.DE.
SBU3.DE is categorized as Leveraged Bonds, while EUDF.DE is Aerospace & Defense. SBU3.DE tracks BNP Paribas Bund 10Y Rolling Future Short Leverage (-3x) index, while EUDF.DE tracks WisdomTree Europe Defence UCITS Index (NTR). Their fees differ too: 0.30% for SBU3.DE and 0.40% for EUDF.DE.
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