SPP3.DE vs. T1EU.DE
SPP3.DE (SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF) and T1EU.DE (Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc) are both Government Bonds funds - SPP3.DE tracks the Bloomberg US 3-7 Year Treasury Bond while T1EU.DE tracks the Bloomberg US Treasury Coupons Index. Both are passively managed. Over the past 5 years, SPP3.DE returned 0.94%/yr vs 1.42%/yr for T1EU.DE. At a 0.05 correlation, their price movements are largely independent. SPP3.DE charges 0.15%/yr vs 0.10%/yr for T1EU.DE.
Performance
SPP3.DE vs. T1EU.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPP3.DE achieves a 2.70% return, which is significantly higher than T1EU.DE's 0.92% return.
SPP3.DE
- 1D
- 0.16%
- 1M
- 1.32%
- 6M
- 1.57%
- YTD
- 2.70%
- 1Y
- 4.44%
- 3Y*
- 3.10%
- 5Y*
- 0.94%
- 10Y*
- 0.85%
T1EU.DE
- 1D
- -0.02%
- 1M
- 0.21%
- 6M
- 0.85%
- YTD
- 0.92%
- 1Y
- 1.89%
- 3Y*
- 2.72%
- 5Y*
- 1.42%
- 10Y*
- —
SPP3.DE vs. T1EU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SPP3.DE SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF | 2.70% | -4.58% | 7.67% | 0.68% | -3.88% | 5.69% | -9.69% |
T1EU.DE Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc | 0.92% | 2.00% | 3.48% | 2.83% | -1.53% | -0.93% | -0.47% |
Correlation
The correlation between SPP3.DE and T1EU.DE is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2020 | 0.05 |
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Return for Risk
SPP3.DE vs. T1EU.DE — Risk / Return Rank
SPP3.DE
T1EU.DE
SPP3.DE vs. T1EU.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 Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc (T1EU.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 | T1EU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.33 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 3.71 | -2.62 |
| Martin ratioReturn relative to average drawdown | 2.84 | 16.22 | -13.38 |
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Drawdowns
SPP3.DE vs. T1EU.DE - Drawdown Comparison
The maximum SPP3.DE drawdown since its inception was -21.43%, which is greater than T1EU.DE's maximum drawdown of -3.20%. Use the drawdown chart below to compare losses from any high point for SPP3.DE and T1EU.DE.
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Drawdown Indicators
| SPP3.DE | T1EU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.43% | -3.20% | -18.23% |
Max Drawdown (1Y)Largest decline over 1 year | -4.07% | -0.51% | -3.56% |
Max Drawdown (3Y)Largest decline over 3 years | -9.93% | -0.51% | -9.42% |
Max Drawdown (5Y)Largest decline over 5 years | -12.33% | -2.36% | -9.97% |
Max Drawdown (10Y)Largest decline over 10 years | -21.43% | — | — |
Current DrawdownCurrent decline from peak | -5.14% | -0.02% | -5.12% |
Average DrawdownAverage peak-to-trough decline | -8.92% | -0.85% | -8.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.56% | 0.12% | +1.44% |
Volatility
SPP3.DE vs. T1EU.DE - Volatility Comparison
SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF (SPP3.DE) has a higher volatility of 1.20% compared to Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc (T1EU.DE) at 0.64%. This indicates that SPP3.DE's price experiences larger fluctuations and is considered to be riskier than T1EU.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 | T1EU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 0.64% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 3.63% | 1.22% | +2.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.24% | 1.57% | +3.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.54% | 0.85% | +6.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.57% | 0.77% | +9.80% |
SPP3.DE vs. T1EU.DE - Expense Ratio Comparison
SPP3.DE has a 0.15% expense ratio, which is higher than T1EU.DE's 0.10% 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. T1EU.DE - Dividend Comparison
SPP3.DE's dividend yield for the trailing twelve months is around 3.84%, while T1EU.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 | 3.84% | 3.96% | 3.12% | 1.99% | 1.13% | 0.93% | 1.80% | 2.12% | 1.59% | 1.48% | 0.44% |
T1EU.DE Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPP3.DE and T1EU.DE have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, T1EU.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
T1EU.DE is cheaper with a 0.10% expense ratio, compared with 0.15% for SPP3.DE.
SPP3.DE tracks Bloomberg US 3-7 Year Treasury Bond, while T1EU.DE tracks Bloomberg US Treasury Coupons Index. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.15% for SPP3.DE and 0.10% for T1EU.DE.
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