SPP3.DE vs. QDVP.DE
SPP3.DE (SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF) and QDVP.DE (iShares US Mortgage Backed Securities UCITS ETF) are both exchange-traded funds - SPP3.DE is a Government Bonds fund tracking the Bloomberg US 3-7 Year Treasury Bond, while QDVP.DE is a Mortgage Backed Securities fund tracking the Bloomberg US Mortgage Backed Securities Index. Both are passively managed. Over the past 10 years, SPP3.DE returned 0.87%/yr vs 0.76%/yr for QDVP.DE. Their correlation of 0.85 suggests significant overlap in exposure. SPP3.DE charges 0.15%/yr vs 0.28%/yr for QDVP.DE.
Performance
SPP3.DE vs. QDVP.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SPP3.DE achieves a 3.41% return, which is significantly lower than QDVP.DE's 4.16% return. Over the past 10 years, SPP3.DE has outperformed QDVP.DE with an annualized return of 0.87%, while QDVP.DE has yielded a comparatively lower 0.76% annualized return.
SPP3.DE
- 1D
- -0.08%
- 1M
- 2.71%
- YTD
- 3.41%
- 6M
- 3.84%
- 1Y
- 5.21%
- 3Y*
- 2.45%
- 5Y*
- 1.44%
- 10Y*
- 0.87%
QDVP.DE
- 1D
- -0.27%
- 1M
- 3.02%
- YTD
- 4.16%
- 6M
- 4.75%
- 1Y
- 7.86%
- 3Y*
- 2.71%
- 5Y*
- 1.22%
- 10Y*
- 0.76%
SPP3.DE vs. QDVP.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 | 3.41% | -4.58% | 7.67% | 0.68% | -3.88% | 5.69% | -2.62% | 7.92% | 5.84% | -11.29% |
QDVP.DE iShares US Mortgage Backed Securities UCITS ETF | 4.16% | -3.57% | 7.18% | 0.06% | -5.92% | 6.57% | -5.44% | 9.03% | 4.88% | -9.97% |
Correlation
The correlation between SPP3.DE and QDVP.DE is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since May 23, 2016 | 0.85 |
The correlation between SPP3.DE and QDVP.DE has been stable across timeframes, ranging from 0.84 to 0.85 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SPP3.DE vs. QDVP.DE — Risk / Return Rank
SPP3.DE
QDVP.DE
SPP3.DE vs. QDVP.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 US Mortgage Backed Securities UCITS ETF (QDVP.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SPP3.DE | QDVP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.26 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | 2.20 | -0.93 |
| Martin ratioReturn relative to average drawdown | 3.34 | 6.13 | -2.80 |
Loading charts...
Drawdowns
SPP3.DE vs. QDVP.DE - Drawdown Comparison
The maximum SPP3.DE drawdown since its inception was -21.43%, roughly equal to the maximum QDVP.DE drawdown of -21.26%. Use the drawdown chart below to compare losses from any high point for SPP3.DE and QDVP.DE.
Loading charts...
Drawdown Indicators
| SPP3.DE | QDVP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.43% | -21.26% | -0.17% |
Max Drawdown (1Y)Largest decline over 1 year | -4.07% | -3.55% | -0.52% |
Max Drawdown (3Y)Largest decline over 3 years | -9.93% | -11.18% | +1.25% |
Max Drawdown (5Y)Largest decline over 5 years | -12.33% | -14.99% | +2.66% |
Max Drawdown (10Y)Largest decline over 10 years | -21.43% | -21.26% | -0.17% |
Current DrawdownCurrent decline from peak | -4.48% | -5.25% | +0.77% |
Average DrawdownAverage peak-to-trough decline | -8.94% | -9.66% | +0.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.56% | 1.28% | +0.28% |
Volatility
SPP3.DE vs. QDVP.DE - Volatility Comparison
The current volatility for SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF (SPP3.DE) is 1.27%, while iShares US Mortgage Backed Securities UCITS ETF (QDVP.DE) has a volatility of 1.64%. This indicates that SPP3.DE experiences smaller price fluctuations and is considered to be less risky than QDVP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SPP3.DE | QDVP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.27% | 1.64% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 3.73% | 4.43% | -0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.31% | 6.02% | -0.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.55% | 8.32% | -0.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.58% | 10.90% | -0.32% |
SPP3.DE vs. QDVP.DE - Expense Ratio Comparison
SPP3.DE has a 0.15% expense ratio, which is lower than QDVP.DE's 0.28% expense ratio.
Dividends
SPP3.DE vs. QDVP.DE - Dividend Comparison
SPP3.DE's dividend yield for the trailing twelve months is around 3.82%, more than QDVP.DE's 3.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
QDVP.DE iShares US Mortgage Backed Securities UCITS ETF | 3.64% | 3.63% | 3.50% | 3.27% | 2.45% | 2.19% | 2.69% | 2.99% | 3.03% | 3.04% | 1.54% |
SPP3.DE SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF | 3.82% | 3.96% | 3.12% | 1.99% | 1.13% | 0.93% | 1.80% | 2.12% | 1.59% | 1.48% | 0.44% |
Frequently Asked Questions
SPP3.DE and QDVP.DE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPP3.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPP3.DE is cheaper with a 0.15% expense ratio, compared with 0.28% for QDVP.DE.
SPP3.DE is categorized as Government Bonds, while QDVP.DE is Mortgage Backed Securities. SPP3.DE tracks Bloomberg US 3-7 Year Treasury Bond, while QDVP.DE tracks Bloomberg US Mortgage Backed Securities Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.15% for SPP3.DE and 0.28% for QDVP.DE.
Find the right allocation for SPP3.DE and QDVP.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer