SPP3.DE vs. SPYW.DE
SPP3.DE (SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF) and SPYW.DE (SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist)) are both exchange-traded funds - SPP3.DE is a Government Bonds fund tracking the Bloomberg US 3-7 Year Treasury Bond, while SPYW.DE is a Europe Equities fund tracking the S&P Euro High Yield Dividend Aristocrats. Both are passively managed. Over the past 10 years, SPP3.DE returned 1.16%/yr vs 6.79%/yr for SPYW.DE. At a correlation of -0.14, they often move in opposite directions. SPP3.DE charges 0.15%/yr vs 0.30%/yr for SPYW.DE.
Performance
SPP3.DE vs. SPYW.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 SPYW.DE's 5.36% return. Over the past 10 years, SPP3.DE has underperformed SPYW.DE with an annualized return of 1.16%, while SPYW.DE has yielded a comparatively higher 6.79% 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%
SPYW.DE
- 1D
- 0.09%
- 1M
- -0.36%
- YTD
- 5.36%
- 6M
- 7.28%
- 1Y
- 7.88%
- 3Y*
- 13.21%
- 5Y*
- 8.07%
- 10Y*
- 6.79%
SPP3.DE vs. SPYW.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% |
SPYW.DE SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) | 5.36% | 20.24% | 8.29% | 17.93% | -11.23% | 14.36% | -11.84% | 23.34% | -8.58% | 11.23% |
Correlation
The correlation between SPP3.DE and SPYW.DE is -0.09, 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 | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.22 |
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 | -0.14 |
The correlation between SPP3.DE and SPYW.DE shifts across timeframes, from -0.22 (5 years) to -0.09 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SPP3.DE vs. SPYW.DE — Risk / Return Rank
SPP3.DE
SPYW.DE
SPP3.DE vs. SPYW.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 Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.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 | SPYW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.14 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.34 | 0.98 | -0.64 |
| Martin ratioReturn relative to average drawdown | 0.87 | 3.14 | -2.27 |
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 | SPYW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.26 | 0.74 | -0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 0.60 | -0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.16 | 0.45 | -0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.53 | -0.40 |
Drawdowns
SPP3.DE vs. SPYW.DE - Drawdown Comparison
The maximum SPP3.DE drawdown since its inception was -16.82%, smaller than the maximum SPYW.DE drawdown of -38.68%. Use the drawdown chart below to compare losses from any high point for SPP3.DE and SPYW.DE.
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Drawdown Indicators
| SPP3.DE | SPYW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.82% | -38.68% | +21.86% |
Max Drawdown (1Y)Largest decline over 1 year | -4.06% | -7.99% | +3.93% |
Max Drawdown (3Y)Largest decline over 3 years | -9.95% | -11.64% | +1.69% |
Max Drawdown (5Y)Largest decline over 5 years | -11.51% | -23.97% | +12.46% |
Max Drawdown (10Y)Largest decline over 10 years | -16.82% | -38.68% | +21.86% |
Current DrawdownCurrent decline from peak | -6.25% | -2.54% | -3.71% |
Average DrawdownAverage peak-to-trough decline | -6.75% | -5.62% | -1.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 2.50% | -0.89% |
Volatility
SPP3.DE vs. SPYW.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 Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.DE) has a volatility of 2.92%. This indicates that SPP3.DE experiences smaller price fluctuations and is considered to be less risky than SPYW.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 | SPYW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.76% | 2.92% | -2.16% |
Volatility (6M)Calculated over the trailing 6-month period | 3.64% | 8.76% | -5.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.29% | 10.65% | -5.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.72% | 13.27% | -5.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.35% | 14.88% | -7.53% |
SPP3.DE vs. SPYW.DE - Expense Ratio Comparison
SPP3.DE has a 0.15% expense ratio, which is lower than SPYW.DE's 0.30% expense ratio.
Dividends
SPP3.DE vs. SPYW.DE - Dividend Comparison
SPP3.DE's dividend yield for the trailing twelve months is around 3.91%, more than SPYW.DE's 3.60% 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% |
SPYW.DE SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) | 3.60% | 4.07% | 3.67% | 3.31% | 3.62% | 2.78% | 3.05% | 3.10% | 3.74% | 3.15% | 2.97% | 2.99% |
Frequently Asked Questions
SPP3.DE and SPYW.DE have a correlation of -0.09, 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 0.30% for SPYW.DE.
SPP3.DE is categorized as Government Bonds, while SPYW.DE is Europe Equities. SPP3.DE tracks Bloomberg US 3-7 Year Treasury Bond, while SPYW.DE tracks S&P Euro High Yield Dividend Aristocrats. Their fees differ too: 0.15% for SPP3.DE and 0.30% for SPYW.DE.
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