SBU3.DE vs. NTSG.DE
SBU3.DE (WisdomTree Bund 10Y 3x Daily Short) and NTSG.DE (WisdomTree Global Efficient Core UCITS ETF USD Accumulating) 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 NTSG.DE is a Global Allocation fund tracking the WisdomTree Global Efficient Core Index. Both are passively managed. Over the past year, SBU3.DE returned 8.07% vs 21.07% for NTSG.DE. At a correlation of -0.12, they often move in opposite directions. SBU3.DE charges 0.30%/yr vs 0.25%/yr for NTSG.DE.
Performance
SBU3.DE vs. NTSG.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 NTSG.DE's 8.92% 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%
NTSG.DE
- 1D
- 0.04%
- 1M
- 4.22%
- YTD
- 8.92%
- 6M
- 7.22%
- 1Y
- 21.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SBU3.DE vs. NTSG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SBU3.DE WisdomTree Bund 10Y 3x Daily Short | 1.71% | 8.28% | 1.73% |
NTSG.DE WisdomTree Global Efficient Core UCITS ETF USD Accumulating | 8.92% | 8.14% | 0.20% |
Correlation
The correlation between SBU3.DE and NTSG.DE is -0.19, 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 | -0.19 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2024 | -0.12 |
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Return for Risk
SBU3.DE vs. NTSG.DE — Risk / Return Rank
SBU3.DE
NTSG.DE
SBU3.DE vs. NTSG.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 Global Efficient Core UCITS ETF USD Accumulating (NTSG.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 | NTSG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.26 | ||
| Sortino ratioReturn per unit of downside risk | -1.64 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.34 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 3.29 | -2.16 |
| Martin ratioReturn relative to average drawdown | 3.02 | 11.64 | -8.62 |
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 | NTSG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.59 | 1.86 | -1.26 |
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 | 0.79 | -0.95 |
Drawdowns
SBU3.DE vs. NTSG.DE - Drawdown Comparison
The maximum SBU3.DE drawdown since its inception was -64.58%, which is greater than NTSG.DE's maximum drawdown of -19.64%. Use the drawdown chart below to compare losses from any high point for SBU3.DE and NTSG.DE.
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Drawdown Indicators
| SBU3.DE | NTSG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.58% | -19.64% | -44.94% |
Max Drawdown (1Y)Largest decline over 1 year | -7.13% | -6.26% | -0.87% |
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% | -0.09% | -28.63% |
Average DrawdownAverage peak-to-trough decline | -41.75% | -3.69% | -38.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.65% | 1.77% | +0.88% |
Volatility
SBU3.DE vs. NTSG.DE - Volatility Comparison
WisdomTree Bund 10Y 3x Daily Short (SBU3.DE) has a higher volatility of 5.43% compared to WisdomTree Global Efficient Core UCITS ETF USD Accumulating (NTSG.DE) at 3.24%. This indicates that SBU3.DE's price experiences larger fluctuations and is considered to be riskier than NTSG.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 | NTSG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.43% | 3.24% | +2.19% |
Volatility (6M)Calculated over the trailing 6-month period | 10.90% | 8.09% | +2.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.57% | 11.12% | +2.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.37% | 14.30% | +8.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.40% | 14.30% | +4.10% |
SBU3.DE vs. NTSG.DE - Expense Ratio Comparison
SBU3.DE has a 0.30% expense ratio, which is higher than NTSG.DE's 0.25% expense ratio.
Dividends
SBU3.DE vs. NTSG.DE - Dividend Comparison
Neither SBU3.DE nor NTSG.DE has paid dividends to shareholders.
Frequently Asked Questions
SBU3.DE and NTSG.DE have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NTSG.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NTSG.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for SBU3.DE.
SBU3.DE is categorized as Leveraged Bonds, while NTSG.DE is Global Allocation. SBU3.DE tracks BNP Paribas Bund 10Y Rolling Future Short Leverage (-3x) index, while NTSG.DE tracks WisdomTree Global Efficient Core Index. Their fees differ too: 0.30% for SBU3.DE and 0.25% for NTSG.DE.
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