SPP3.DE vs. IS04.DE
SPP3.DE (SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF) and IS04.DE (iShares USD Treasury Bond 20+yr UCITS ETF (Dist)) are both Government Bonds funds - SPP3.DE tracks the Bloomberg US 3-7 Year Treasury Bond while IS04.DE tracks the ICE U.S. Treasury 20+ Year Bond Index. Both are passively managed. Over the past 10 years, SPP3.DE returned 1.16%/yr vs -1.74%/yr for IS04.DE. A 0.63 correlation means they provide meaningful diversification when combined. SPP3.DE charges 0.15%/yr vs 0.07%/yr for IS04.DE.
Performance
SPP3.DE vs. IS04.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 IS04.DE's 0.81% return. Over the past 10 years, SPP3.DE has outperformed IS04.DE with an annualized return of 1.16%, while IS04.DE has yielded a comparatively lower -1.74% annualized return.
SPP3.DE
- 1D
- 0.03%
- 1M
- 0.72%
- YTD
- 0.86%
- 6M
- 0.17%
- 1Y
- 1.75%
- 3Y*
- 0.87%
- 5Y*
- 1.43%
- 10Y*
- 1.16%
IS04.DE
- 1D
- 0.41%
- 1M
- 0.97%
- YTD
- 0.81%
- 6M
- -0.32%
- 1Y
- 2.27%
- 3Y*
- -4.20%
- 5Y*
- -5.21%
- 10Y*
- -1.74%
SPP3.DE vs. IS04.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPP3.DE SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF | 0.86% | -4.58% | 7.72% | 1.58% | -3.86% | 5.71% | -2.64% | 7.91% | 5.84% | -11.29% |
IS04.DE iShares USD Treasury Bond 20+yr UCITS ETF (Dist) | 0.81% | -6.95% | -2.51% | -1.21% | -26.01% | 3.49% | 6.49% | 18.18% | 2.70% | -4.33% |
Correlation
The correlation between SPP3.DE and IS04.DE is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2016 | 0.63 |
The correlation between SPP3.DE and IS04.DE has been stable across timeframes, ranging from 0.54 to 0.63 - a consistent structural relationship.
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Return for Risk
SPP3.DE vs. IS04.DE — Risk / Return Rank
SPP3.DE
IS04.DE
SPP3.DE vs. IS04.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 USD Treasury Bond 20+yr UCITS ETF (Dist) (IS04.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 | IS04.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.04 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.34 | 0.29 | +0.05 |
| Martin ratioReturn relative to average drawdown | 0.87 | 0.62 | +0.25 |
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 | IS04.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.26 | 0.22 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | -0.34 | +0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.16 | -0.12 | +0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | -0.09 | +0.22 |
Drawdowns
SPP3.DE vs. IS04.DE - Drawdown Comparison
The maximum SPP3.DE drawdown since its inception was -16.82%, smaller than the maximum IS04.DE drawdown of -47.19%. Use the drawdown chart below to compare losses from any high point for SPP3.DE and IS04.DE.
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Drawdown Indicators
| SPP3.DE | IS04.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.82% | -47.19% | +30.37% |
Max Drawdown (1Y)Largest decline over 1 year | -4.06% | -7.33% | +3.27% |
Max Drawdown (3Y)Largest decline over 3 years | -9.95% | -18.47% | +8.52% |
Max Drawdown (5Y)Largest decline over 5 years | -11.51% | -40.05% | +28.54% |
Max Drawdown (10Y)Largest decline over 10 years | -16.82% | -47.19% | +30.37% |
Current DrawdownCurrent decline from peak | -6.25% | -43.69% | +37.44% |
Average DrawdownAverage peak-to-trough decline | -6.75% | -21.89% | +15.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 3.45% | -1.84% |
Volatility
SPP3.DE vs. IS04.DE - Volatility Comparison
The current volatility for SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF (SPP3.DE) is 0.76%, while iShares USD Treasury Bond 20+yr UCITS ETF (Dist) (IS04.DE) has a volatility of 2.47%. This indicates that SPP3.DE experiences smaller price fluctuations and is considered to be less risky than IS04.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 | IS04.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.76% | 2.47% | -1.71% |
Volatility (6M)Calculated over the trailing 6-month period | 3.64% | 6.52% | -2.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.29% | 9.70% | -4.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.72% | 15.21% | -7.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.35% | 14.69% | -7.34% |
SPP3.DE vs. IS04.DE - Expense Ratio Comparison
SPP3.DE has a 0.15% expense ratio, which is higher than IS04.DE's 0.07% 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. IS04.DE - Dividend Comparison
SPP3.DE's dividend yield for the trailing twelve months is around 3.91%, less than IS04.DE's 4.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS04.DE iShares USD Treasury Bond 20+yr UCITS ETF (Dist) | 4.35% | 4.38% | 4.62% | 3.82% | 3.04% | 1.71% | 1.86% | 2.49% | 2.79% | 2.72% | 2.56% | 2.14% |
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% | 0.00% |
Frequently Asked Questions
SPP3.DE and IS04.DE have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS04.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS04.DE is cheaper with a 0.07% expense ratio, compared with 0.15% for SPP3.DE.
SPP3.DE tracks Bloomberg US 3-7 Year Treasury Bond, while IS04.DE tracks ICE U.S. Treasury 20+ Year Bond Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.15% for SPP3.DE and 0.07% for IS04.DE.
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