SBU3.DE vs. WTEE.DE
SBU3.DE (WisdomTree Bund 10Y 3x Daily Short) and WTEE.DE (WisdomTree Europe Equity Income UCITS ETF) 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 WTEE.DE is a Europe Equities fund tracking the WisdomTree Europe Equity Income. Both are passively managed. Over the past 5 years, SBU3.DE returned 12.87%/yr vs 12.46%/yr for WTEE.DE. At a correlation of -0.03, they often move in opposite directions. SBU3.DE charges 0.30%/yr vs 0.29%/yr for WTEE.DE.
Performance
SBU3.DE vs. WTEE.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 WTEE.DE's 13.70% 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%
WTEE.DE
- 1D
- -0.26%
- 1M
- 0.42%
- YTD
- 13.70%
- 6M
- 16.59%
- 1Y
- 26.04%
- 3Y*
- 17.15%
- 5Y*
- 12.46%
- 10Y*
- —
SBU3.DE vs. WTEE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SBU3.DE WisdomTree Bund 10Y 3x Daily Short | 1.71% | 8.28% | 14.07% | -14.50% | 75.74% | 3.46% | -3.68% |
WTEE.DE WisdomTree Europe Equity Income UCITS ETF | 13.70% | 28.40% | 2.20% | 15.07% | 0.05% | 18.73% | 6.60% |
Correlation
The correlation between SBU3.DE and WTEE.DE is -0.25, 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 | -0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2020 | -0.03 |
Over the past year, the inverse relationship between SBU3.DE and WTEE.DE has strengthened: their correlation has moved from -0.03 to -0.25, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
SBU3.DE vs. WTEE.DE — Risk / Return Rank
SBU3.DE
WTEE.DE
SBU3.DE vs. WTEE.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 Equity Income UCITS ETF (WTEE.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 | WTEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.76 | ||
| Sortino ratioReturn per unit of downside risk | -2.24 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.43 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 3.80 | -2.67 |
| Martin ratioReturn relative to average drawdown | 3.02 | 14.72 | -11.70 |
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 | WTEE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.59 | 2.35 | -1.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.93 | -0.37 |
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 | 1.08 | -1.24 |
Drawdowns
SBU3.DE vs. WTEE.DE - Drawdown Comparison
The maximum SBU3.DE drawdown since its inception was -64.58%, which is greater than WTEE.DE's maximum drawdown of -16.45%. Use the drawdown chart below to compare losses from any high point for SBU3.DE and WTEE.DE.
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Drawdown Indicators
| SBU3.DE | WTEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.58% | -16.45% | -48.13% |
Max Drawdown (1Y)Largest decline over 1 year | -7.13% | -6.78% | -0.35% |
Max Drawdown (3Y)Largest decline over 3 years | -21.99% | -14.12% | -7.87% |
Max Drawdown (5Y)Largest decline over 5 years | -27.87% | -16.45% | -11.42% |
Max Drawdown (10Y)Largest decline over 10 years | -46.09% | — | — |
Current DrawdownCurrent decline from peak | -28.72% | -1.96% | -26.76% |
Average DrawdownAverage peak-to-trough decline | -41.75% | -2.65% | -39.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.65% | 1.75% | +0.90% |
Volatility
SBU3.DE vs. WTEE.DE - Volatility Comparison
WisdomTree Bund 10Y 3x Daily Short (SBU3.DE) has a higher volatility of 5.43% compared to WisdomTree Europe Equity Income UCITS ETF (WTEE.DE) at 3.73%. This indicates that SBU3.DE's price experiences larger fluctuations and is considered to be riskier than WTEE.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 | WTEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.43% | 3.73% | +1.70% |
Volatility (6M)Calculated over the trailing 6-month period | 10.90% | 8.73% | +2.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.57% | 10.94% | +2.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.37% | 14.50% | +7.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.40% | 14.99% | +3.41% |
SBU3.DE vs. WTEE.DE - Expense Ratio Comparison
SBU3.DE has a 0.30% expense ratio, which is higher than WTEE.DE's 0.29% expense ratio.
Dividends
SBU3.DE vs. WTEE.DE - Dividend Comparison
SBU3.DE has not paid dividends to shareholders, while WTEE.DE's dividend yield for the trailing twelve months is around 4.55%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
SBU3.DE WisdomTree Bund 10Y 3x Daily Short | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WTEE.DE WisdomTree Europe Equity Income UCITS ETF | 4.55% | 5.37% | 6.81% | 5.61% | 5.35% | 4.64% |
Frequently Asked Questions
SBU3.DE and WTEE.DE have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WTEE.DE is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WTEE.DE is cheaper with a 0.29% expense ratio, compared with 0.30% for SBU3.DE.
SBU3.DE is categorized as Leveraged Bonds, while WTEE.DE is Europe Equities. SBU3.DE tracks BNP Paribas Bund 10Y Rolling Future Short Leverage (-3x) index, while WTEE.DE tracks WisdomTree Europe Equity Income. Their fees differ too: 0.30% for SBU3.DE and 0.29% for WTEE.DE.
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