SPF1.DE vs. TTE

Last updated Jun 5, 2026

SPF1.DE (SPDR FTSE Global Convertible Bond EUR Hedged UCITS ETF Accumulating) is Convertible Bonds fund tracking the FTSE Qualified Global Convertible Index (EUR Hedged), while TTE (TotalEnergies SE) is a stock. Over the past 5 years, SPF1.DE returned 5.89%/yr vs 27.21%/yr for TTE. At a 0.12 correlation, their price movements are largely independent.

Performance

SPF1.DE vs. TTE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR FTSE Global Convertible Bond EUR Hedged UCITS ETF Accumulating (SPF1.DE) and TotalEnergies SE (TTE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SPF1.DE is traded in EUR, while TTE is traded in USD. To make them comparable, the TTE values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, SPF1.DE achieves a 17.82% return, which is significantly lower than TTE's 40.06% return.

SPF1.DE

• 1D: 0.59%
• 1M: 4.99%
• YTD: 17.82%
• 6M: 20.07%
• 1Y: 34.78%
• 3Y*: 17.81%
• 5Y*: 5.89%
• 10Y*: —

TTE

• 1D: 0.00%
• 1M: -3.60%
• YTD: 40.06%
• 6M: 39.41%
• 1Y: 57.37%
• 3Y*: 20.51%
• 5Y*: 27.21%
• 10Y*: 16.78%

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

SPF1.DE vs. TTE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
SPF1.DE SPDR FTSE Global Convertible Bond EUR Hedged UCITS ETF Accumulating	17.82%	20.76%	8.42%	12.25%	-20.28%	-1.66%	32.01%	12.41%	-7.89%
TTE TotalEnergies SE	40.90%	16.30%	-5.75%	7.17%	46.07%	68.23%	-17.40%	18.02%	-11.02%

Correlation

The correlation between SPF1.DE and TTE is -0.16, 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	-0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.01
Correlation (5Y) Calculated over the trailing 5-year period	0.11
Correlation (All Time) Calculated using the full available price history since May 25, 2018	0.12

The correlation between SPF1.DE and TTE shifts across timeframes, from -0.16 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SPF1.DE vs. TTE — Risk / Return Rank

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

SPF1.DE

SPF1.DE Risk / Return Rank: 90
SPF1.DE Sharpe Ratio Rank: 88
SPF1.DE Sortino Ratio Rank: 91
SPF1.DE Omega Ratio Rank: 89
SPF1.DE Calmar Ratio Rank: 88
SPF1.DE Martin Ratio Rank: 91

TTE

TTE Risk / Return Rank: 91
TTE Sharpe Ratio Rank: 91
TTE Sortino Ratio Rank: 89
TTE Omega Ratio Rank: 88
TTE Calmar Ratio Rank: 94
TTE Martin Ratio Rank: 94

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.

SPF1.DE vs. TTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR FTSE Global Convertible Bond EUR Hedged UCITS ETF Accumulating (SPF1.DE) and TotalEnergies SE (TTE). 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.

	SPF1.DE	TTE	Difference
Sharpe ratio: Return per unit of total volatility	2.91	2.30	+0.62
Sortino ratio: Return per unit of downside risk	4.30	2.92	+1.38
Omega ratio: Gain probability vs. loss probability	1.56	1.37	+0.19
Calmar ratio: Return relative to maximum drawdown	5.04	6.62	-1.57
Martin ratio: Return relative to average drawdown	21.39	16.01	+5.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPF1.DE vs. TTE - Sharpe Ratio Comparison

The current SPF1.DE Sharpe Ratio is 2.91, which is comparable to the TTE Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of SPF1.DE and TTE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SPF1.DE	TTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.91	2.30	+0.62
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	0.77	-0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.45	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	0.24	+0.44

Drawdowns

SPF1.DE vs. TTE - Drawdown Comparison

The maximum SPF1.DE drawdown since its inception was -30.44%, smaller than the maximum TTE drawdown of -60.55%. Use the drawdown chart below to compare losses from any high point for SPF1.DE and TTE.

Drawdown Indicators

	SPF1.DE	TTE	Difference
Max Drawdown Largest peak-to-trough decline	-30.44%	-60.55%	+30.11%
Max Drawdown (1Y) Largest decline over 1 year	-6.86%	-8.71%	+1.85%
Max Drawdown (3Y) Largest decline over 3 years	-9.62%	-22.23%	+12.61%
Max Drawdown (5Y) Largest decline over 5 years	-26.99%	-22.23%	-4.76%
Max Drawdown (10Y) Largest decline over 10 years	—	-60.55%	—
Current Drawdown Current decline from peak	0.00%	-3.70%	+3.70%
Average Drawdown Average peak-to-trough decline	-11.33%	-15.13%	+3.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.62%	3.59%	-1.97%

Volatility

SPF1.DE vs. TTE - Volatility Comparison

The current volatility for SPDR FTSE Global Convertible Bond EUR Hedged UCITS ETF Accumulating (SPF1.DE) is 3.91%, while TotalEnergies SE (TTE) has a volatility of 7.69%. This indicates that SPF1.DE experiences smaller price fluctuations and is considered to be less risky than TTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPF1.DE	TTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.91%	7.69%	-3.78%
Volatility (6M) Calculated over the trailing 6-month period	9.94%	18.65%	-8.71%
Volatility (1Y) Calculated over the trailing 1-year period	11.88%	25.17%	-13.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.63%	35.54%	-24.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.68%	37.62%	-25.94%

Dividends

SPF1.DE vs. TTE - Dividend Comparison

SPF1.DE has not paid dividends to shareholders, while TTE's dividend yield for the trailing twelve months is around 4.37%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPF1.DE SPDR FTSE Global Convertible Bond EUR Hedged UCITS ETF Accumulating	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TTE TotalEnergies SE	4.37%	9.64%	9.09%	4.60%	8.41%	27.22%	10.10%	6.52%	4.07%	4.51%	4.77%	5.46%

Frequently Asked Questions

Can I hold both SPF1.DE and TTE in my portfolio?

SPF1.DE and TTE have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.