SPP3.DE vs. SPYY.DE
SPP3.DE (SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF) and SPYY.DE (SPDR MSCI ACWI UCITS ETF) are both exchange-traded funds - SPP3.DE is a Government Bonds fund tracking the Bloomberg US 3-7 Year Treasury Bond, while SPYY.DE is a Global Equities fund tracking the MSCI All Country World (ACWI). Both are passively managed. Over the past 10 years, SPP3.DE returned 1.16%/yr vs 12.40%/yr for SPYY.DE. At a 0.08 correlation, their price movements are largely independent. SPP3.DE charges 0.15%/yr vs 0.40%/yr for SPYY.DE.
Performance
SPP3.DE vs. SPYY.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 SPYY.DE's 12.54% return. Over the past 10 years, SPP3.DE has underperformed SPYY.DE with an annualized return of 1.16%, while SPYY.DE has yielded a comparatively higher 12.40% 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%
SPYY.DE
- 1D
- -0.21%
- 1M
- 4.97%
- YTD
- 12.54%
- 6M
- 13.23%
- 1Y
- 26.75%
- 3Y*
- 17.99%
- 5Y*
- 12.35%
- 10Y*
- 12.40%
SPP3.DE vs. SPYY.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% |
SPYY.DE SPDR MSCI ACWI UCITS ETF | 12.54% | 9.46% | 24.56% | 18.22% | -13.82% | 29.11% | 5.12% | 30.21% | -6.02% | 8.80% |
Correlation
The correlation between SPP3.DE and SPYY.DE is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2016 | 0.08 |
The correlation between SPP3.DE and SPYY.DE shifts across timeframes, from -0.01 (5 years) to 0.12 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
SPP3.DE vs. SPYY.DE — Risk / Return Rank
SPP3.DE
SPYY.DE
SPP3.DE vs. SPYY.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 MSCI ACWI UCITS ETF (SPYY.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 | SPYY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.06 | ||
| Sortino ratioReturn per unit of downside risk | -2.82 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.44 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | 0.34 | 4.10 | -3.76 |
| Martin ratioReturn relative to average drawdown | 0.87 | 16.60 | -15.73 |
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 | SPYY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.26 | 2.32 | -2.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 0.88 | -0.70 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.16 | 0.82 | -0.66 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.83 | -0.70 |
Drawdowns
SPP3.DE vs. SPYY.DE - Drawdown Comparison
The maximum SPP3.DE drawdown since its inception was -16.82%, smaller than the maximum SPYY.DE drawdown of -33.49%. Use the drawdown chart below to compare losses from any high point for SPP3.DE and SPYY.DE.
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Drawdown Indicators
| SPP3.DE | SPYY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.82% | -33.49% | +16.67% |
Max Drawdown (1Y)Largest decline over 1 year | -4.06% | -6.49% | +2.43% |
Max Drawdown (3Y)Largest decline over 3 years | -9.95% | -21.27% | +11.32% |
Max Drawdown (5Y)Largest decline over 5 years | -11.51% | -21.27% | +9.76% |
Max Drawdown (10Y)Largest decline over 10 years | -16.82% | -33.49% | +16.67% |
Current DrawdownCurrent decline from peak | -6.25% | -0.61% | -5.64% |
Average DrawdownAverage peak-to-trough decline | -6.75% | -4.39% | -2.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 1.61% | 0.00% |
Volatility
SPP3.DE vs. SPYY.DE - Volatility Comparison
The current volatility for SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF (SPP3.DE) is 0.76%, while SPDR MSCI ACWI UCITS ETF (SPYY.DE) has a volatility of 3.05%. This indicates that SPP3.DE experiences smaller price fluctuations and is considered to be less risky than SPYY.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 | SPYY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.76% | 3.05% | -2.29% |
Volatility (6M)Calculated over the trailing 6-month period | 3.64% | 8.21% | -4.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.29% | 11.47% | -6.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.72% | 13.90% | -6.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.35% | 15.07% | -7.72% |
SPP3.DE vs. SPYY.DE - Expense Ratio Comparison
SPP3.DE has a 0.15% expense ratio, which is lower than SPYY.DE's 0.40% expense ratio.
Dividends
SPP3.DE vs. SPYY.DE - Dividend Comparison
SPP3.DE's dividend yield for the trailing twelve months is around 3.91%, while SPYY.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPYY.DE SPDR MSCI ACWI UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPP3.DE and SPYY.DE have a correlation of 0.10, 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 0.40% for SPYY.DE.
SPP3.DE is categorized as Government Bonds, while SPYY.DE is Global Equities. SPP3.DE tracks Bloomberg US 3-7 Year Treasury Bond, while SPYY.DE tracks MSCI All Country World (ACWI). Their fees differ too: 0.15% for SPP3.DE and 0.40% for SPYY.DE.
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