SPP3.DE vs. 2B7S.DE
SPP3.DE (SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF) and 2B7S.DE (iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc) are both Government Bonds funds - SPP3.DE tracks the Bloomberg US 3-7 Year Treasury Bond while 2B7S.DE tracks the ICE US Treasury 1-3 Year (EUR Hedged) Index. Both are passively managed. Over the past 5 years, SPP3.DE returned 1.43%/yr vs -0.00%/yr for 2B7S.DE. At a 0.20 correlation, their price movements are largely independent. SPP3.DE charges 0.15%/yr vs 0.10%/yr for 2B7S.DE.
Performance
SPP3.DE vs. 2B7S.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPP3.DE achieves a 0.86% return, which is significantly higher than 2B7S.DE's -0.08% return.
SPP3.DE
- 1D
- 0.03%
- 1M
- 0.59%
- YTD
- 0.86%
- 6M
- 0.21%
- 1Y
- 1.40%
- 3Y*
- 0.87%
- 5Y*
- 1.43%
- 10Y*
- 1.16%
2B7S.DE
- 1D
- 0.09%
- 1M
- -0.02%
- YTD
- -0.08%
- 6M
- -0.01%
- 1Y
- 1.30%
- 3Y*
- 2.30%
- 5Y*
- -0.00%
- 10Y*
- —
SPP3.DE vs. 2B7S.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SPP3.DE SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF | 0.86% | -4.58% | 7.72% | 1.58% | -3.86% | 3.30% |
2B7S.DE iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc | -0.08% | 2.92% | 2.36% | 1.95% | -5.70% | -1.18% |
Correlation
The correlation between SPP3.DE and 2B7S.DE is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2021 | 0.20 |
The correlation between SPP3.DE and 2B7S.DE shifts across timeframes, from -0.04 (1 year) to 0.20 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SPP3.DE vs. 2B7S.DE — Risk / Return Rank
SPP3.DE
2B7S.DE
SPP3.DE vs. 2B7S.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF (SPP3.DE) and iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc (2B7S.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.
| SPP3.DE | 2B7S.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.18 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.34 | 1.51 | -1.17 |
| Martin ratioReturn relative to average drawdown | 0.87 | 4.17 | -3.30 |
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
| SPP3.DE | 2B7S.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.26 | 1.00 | -0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | -0.00 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.16 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | -0.00 | +0.12 |
Drawdowns
SPP3.DE vs. 2B7S.DE - Drawdown Comparison
The maximum SPP3.DE drawdown since its inception was -16.82%, which is greater than 2B7S.DE's maximum drawdown of -7.76%. Use the drawdown chart below to compare losses from any high point for SPP3.DE and 2B7S.DE.
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Drawdown Indicators
| SPP3.DE | 2B7S.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.82% | -7.76% | -9.06% |
Max Drawdown (1Y)Largest decline over 1 year | -4.06% | -0.85% | -3.21% |
Max Drawdown (3Y)Largest decline over 3 years | -9.95% | -1.14% | -8.81% |
Max Drawdown (5Y)Largest decline over 5 years | -11.51% | -7.72% | -3.79% |
Max Drawdown (10Y)Largest decline over 10 years | -16.82% | — | — |
Current DrawdownCurrent decline from peak | -6.25% | -0.58% | -5.67% |
Average DrawdownAverage peak-to-trough decline | -6.75% | -3.30% | -3.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 0.31% | +1.30% |
Volatility
SPP3.DE vs. 2B7S.DE - Volatility Comparison
SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF (SPP3.DE) has a higher volatility of 0.76% compared to iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc (2B7S.DE) at 0.47%. This indicates that SPP3.DE's price experiences larger fluctuations and is considered to be riskier than 2B7S.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPP3.DE | 2B7S.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.76% | 0.47% | +0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 3.64% | 0.92% | +2.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.29% | 1.29% | +4.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.72% | 1.99% | +5.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.35% | 1.96% | +5.39% |
SPP3.DE vs. 2B7S.DE - Expense Ratio Comparison
SPP3.DE has a 0.15% expense ratio, which is higher than 2B7S.DE's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SPP3.DE vs. 2B7S.DE - Dividend Comparison
SPP3.DE's dividend yield for the trailing twelve months is around 3.91%, while 2B7S.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
2B7S.DE iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPP3.DE SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF | 3.91% | 3.96% | 3.14% | 2.90% | 1.13% | 0.93% | 1.80% | 2.12% | 1.59% | 1.48% | 0.44% |
Frequently Asked Questions
SPP3.DE and 2B7S.DE have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 2B7S.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
2B7S.DE is cheaper with a 0.10% expense ratio, compared with 0.15% for SPP3.DE.
SPP3.DE tracks Bloomberg US 3-7 Year Treasury Bond, while 2B7S.DE tracks ICE US Treasury 1-3 Year (EUR Hedged) Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.15% for SPP3.DE and 0.10% for 2B7S.DE.
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