SPP3.DE vs. SXRL.DE

Last updated Apr 2, 2026

Compare and contrast key facts about SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF (SPP3.DE) and iShares USD Treasury Bond 3-7yr UCITS ETF (Acc) (SXRL.DE).

SPP3.DE and SXRL.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPP3.DE is a passively managed fund by State Street that tracks the performance of the Bloomberg US 3-7 Year Treasury Bond. It was launched on Feb 17, 2016. SXRL.DE is a passively managed fund by iShares that tracks the performance of the ICE US Treasury 3-7 Year. It was launched on Jun 3, 2009. Both SPP3.DE and SXRL.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

SPP3.DE vs. SXRL.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF (SPP3.DE) and iShares USD Treasury Bond 3-7yr UCITS ETF (Acc) (SXRL.DE). The values are adjusted to include any dividend payments, if applicable.

SPP3.DE vs. SXRL.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	1.31%	-4.58%	7.72%	1.58%	-3.86%	5.71%	-2.64%	7.91%	5.84%	-11.29%
SXRL.DE iShares USD Treasury Bond 3-7yr UCITS ETF (Acc)	1.52%	-4.82%	8.08%	1.19%	-4.08%	6.09%	-2.60%	8.44%	5.99%	-11.17%

Different Trading Currencies

SPP3.DE is traded in EUR, while SXRL.DE is traded in USD. To make them comparable, the SXRL.DE values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, SPP3.DE achieves a 1.31% return, which is significantly lower than SXRL.DE's 1.52% return. Over the past 10 years, SPP3.DE has underperformed SXRL.DE with an annualized return of 1.22%, while SXRL.DE has yielded a comparatively higher 1.29% annualized return.

SPP3.DE

• 1D: -0.65%
• 1M: -0.34%
• YTD: 1.31%
• 6M: 2.12%
• 1Y: -3.19%
• 3Y*: 1.40%
• 5Y*: 0.99%
• 10Y*: 1.22%

SXRL.DE

• 1D: 0.01%
• 1M: 0.08%
• YTD: 1.52%
• 6M: 2.48%
• 1Y: -2.92%
• 3Y*: 1.51%
• 5Y*: 0.97%
• 10Y*: 1.29%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SPP3.DE vs. SXRL.DE - Expense Ratio Comparison

SPP3.DE has a 0.15% expense ratio, which is higher than SXRL.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%.

SPP3.DE

SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF

SXRL.DE

iShares USD Treasury Bond 3-7yr UCITS ETF (Acc)

Return for Risk

SPP3.DE vs. SXRL.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPP3.DE

SPP3.DE Risk / Return Rank: 5
SPP3.DE Sharpe Ratio Rank: 5
SPP3.DE Sortino Ratio Rank: 4
SPP3.DE Omega Ratio Rank: 4
SPP3.DE Calmar Ratio Rank: 6
SPP3.DE Martin Ratio Rank: 7

SXRL.DE

SXRL.DE Risk / Return Rank: 61
SXRL.DE Sharpe Ratio Rank: 64
SXRL.DE Sortino Ratio Rank: 64
SXRL.DE Omega Ratio Rank: 58
SXRL.DE Calmar Ratio Rank: 63
SXRL.DE Martin Ratio Rank: 54

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPP3.DE vs. SXRL.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 3-7yr UCITS ETF (Acc) (SXRL.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	SXRL.DE	Difference
Sharpe ratio Return per unit of total volatility	-0.45	-0.39	-0.06
Sortino ratio Return per unit of downside risk	-0.56	-0.47	-0.08
Omega ratio Gain probability vs. loss probability	0.93	0.94	-0.01
Calmar ratio Return relative to maximum drawdown	-0.37	-0.35	-0.02
Martin ratio Return relative to average drawdown	-0.60	-0.55	-0.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPP3.DE vs. SXRL.DE - Sharpe Ratio Comparison

The current SPP3.DE Sharpe Ratio is -0.45, which is comparable to the SXRL.DE Sharpe Ratio of -0.39. The chart below compares the historical Sharpe Ratios of SPP3.DE and SXRL.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SPP3.DE	SXRL.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.45	-0.39	-0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.13	0.12	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.16	0.17	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.13	0.43	-0.30

Correlation

The correlation between SPP3.DE and SXRL.DE is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

SPP3.DE vs. SXRL.DE - Dividend Comparison

SPP3.DE's dividend yield for the trailing twelve months is around 3.90%, while SXRL.DE has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
SPP3.DE SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF	3.90%	3.96%	3.14%	2.90%	1.13%	0.93%	1.80%	2.12%	1.59%	1.48%	0.44%
SXRL.DE iShares USD Treasury Bond 3-7yr UCITS ETF (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

SPP3.DE vs. SXRL.DE - Drawdown Comparison

The maximum SPP3.DE drawdown since its inception was -16.82%, roughly equal to the maximum SXRL.DE drawdown of -17.10%. Use the drawdown chart below to compare losses from any high point for SPP3.DE and SXRL.DE.

Drawdown Indicators

	SPP3.DE	SXRL.DE	Difference
Max Drawdown Largest peak-to-trough decline	-16.82%	-14.09%	-2.73%
Max Drawdown (1Y) Largest decline over 1 year	-7.03%	-2.37%	-4.66%
Max Drawdown (5Y) Largest decline over 5 years	-11.51%	-13.50%	+1.99%
Max Drawdown (10Y) Largest decline over 10 years	-16.82%	-14.09%	-2.73%
Current Drawdown Current decline from peak	-5.84%	-1.30%	-4.54%
Average Drawdown Average peak-to-trough decline	-6.75%	-2.89%	-3.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.34%	0.72%	+3.62%

Volatility

SPP3.DE vs. SXRL.DE - Volatility Comparison

The current volatility for SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF (SPP3.DE) is 1.89%, while iShares USD Treasury Bond 3-7yr UCITS ETF (Acc) (SXRL.DE) has a volatility of 2.30%. This indicates that SPP3.DE experiences smaller price fluctuations and is considered to be less risky than SXRL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPP3.DE	SXRL.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.89%	2.30%	-0.41%
Volatility (6M) Calculated over the trailing 6-month period	3.85%	4.29%	-0.44%
Volatility (1Y) Calculated over the trailing 1-year period	7.02%	7.44%	-0.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.75%	7.88%	-0.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.39%	7.64%	-0.25%