SPP3.DE vs. SPY5.DE
SPP3.DE (SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF) and SPY5.DE (SPDR S&P 500 UCITS ETF) are both exchange-traded funds - SPP3.DE is a Government Bonds fund tracking the Bloomberg US 3-7 Year Treasury Bond, while SPY5.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, SPP3.DE returned 1.16%/yr vs 15.13%/yr for SPY5.DE. At a 0.16 correlation, their price movements are largely independent. SPP3.DE charges 0.15%/yr vs 0.03%/yr for SPY5.DE.
Performance
SPP3.DE vs. SPY5.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 lower than SPY5.DE's 11.39% return. Over the past 10 years, SPP3.DE has underperformed SPY5.DE with an annualized return of 1.16%, while SPY5.DE has yielded a comparatively higher 15.13% annualized 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%
SPY5.DE
- 1D
- -0.13%
- 1M
- 5.22%
- YTD
- 11.39%
- 6M
- 11.43%
- 1Y
- 25.61%
- 3Y*
- 18.89%
- 5Y*
- 14.76%
- 10Y*
- 15.13%
SPP3.DE vs. SPY5.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% |
SPY5.DE SPDR S&P 500 UCITS ETF | 11.39% | 4.75% | 32.36% | 22.42% | -14.24% | 40.60% | 6.73% | 34.93% | 0.25% | 6.69% |
Correlation
The correlation between SPP3.DE and SPY5.DE is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2016 | 0.16 |
The correlation between SPP3.DE and SPY5.DE shifts across timeframes, from 0.06 (5 years) to 0.21 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
SPP3.DE vs. SPY5.DE — Risk / Return Rank
SPP3.DE
SPY5.DE
SPP3.DE vs. SPY5.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 SPDR S&P 500 UCITS ETF (SPY5.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 | SPY5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.95 | ||
| Sortino ratioReturn per unit of downside risk | -2.59 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.41 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 0.34 | 3.57 | -3.22 |
| Martin ratioReturn relative to average drawdown | 0.87 | 12.77 | -11.90 |
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 | SPY5.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.26 | 2.22 | -1.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 0.96 | -0.78 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.16 | 0.93 | -0.78 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.97 | -0.85 |
Drawdowns
SPP3.DE vs. SPY5.DE - Drawdown Comparison
The maximum SPP3.DE drawdown since its inception was -16.82%, smaller than the maximum SPY5.DE drawdown of -33.86%. Use the drawdown chart below to compare losses from any high point for SPP3.DE and SPY5.DE.
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Drawdown Indicators
| SPP3.DE | SPY5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.82% | -33.86% | +17.04% |
Max Drawdown (1Y)Largest decline over 1 year | -4.06% | -7.15% | +3.09% |
Max Drawdown (3Y)Largest decline over 3 years | -9.95% | -23.34% | +13.39% |
Max Drawdown (5Y)Largest decline over 5 years | -11.51% | -23.34% | +11.83% |
Max Drawdown (10Y)Largest decline over 10 years | -16.82% | -33.86% | +17.04% |
Current DrawdownCurrent decline from peak | -6.25% | -0.44% | -5.81% |
Average DrawdownAverage peak-to-trough decline | -6.75% | -3.95% | -2.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 2.00% | -0.39% |
Volatility
SPP3.DE vs. SPY5.DE - Volatility Comparison
The current volatility for SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF (SPP3.DE) is 0.76%, while SPDR S&P 500 UCITS ETF (SPY5.DE) has a volatility of 2.66%. This indicates that SPP3.DE experiences smaller price fluctuations and is considered to be less risky than SPY5.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 | SPY5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.76% | 2.66% | -1.90% |
Volatility (6M)Calculated over the trailing 6-month period | 3.64% | 7.54% | -3.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.29% | 11.51% | -6.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.72% | 15.18% | -7.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.35% | 16.07% | -8.72% |
SPP3.DE vs. SPY5.DE - Expense Ratio Comparison
SPP3.DE has a 0.15% expense ratio, which is higher than SPY5.DE's 0.03% 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. SPY5.DE - Dividend Comparison
SPP3.DE's dividend yield for the trailing twelve months is around 3.91%, more than SPY5.DE's 0.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPY5.DE SPDR S&P 500 UCITS ETF | 0.89% | 0.99% | 1.03% | 1.22% | 1.42% | 0.95% | 1.37% | 1.74% | 3.30% | 1.59% | 1.57% | 1.69% |
Frequently Asked Questions
SPP3.DE and SPY5.DE have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPY5.DE is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPY5.DE is cheaper with a 0.03% expense ratio, compared with 0.15% for SPP3.DE.
SPP3.DE is categorized as Government Bonds, while SPY5.DE is S&P 500. SPP3.DE tracks Bloomberg US 3-7 Year Treasury Bond, while SPY5.DE tracks S&P 500 Index. Their fees differ too: 0.15% for SPP3.DE and 0.03% for SPY5.DE.
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