SPP3.DE vs. UEFI.DE
SPP3.DE (SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF) and UEFI.DE (UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis) are both Government Bonds funds - SPP3.DE tracks the Bloomberg US 3-7 Year Treasury Bond while UEFI.DE tracks the Bloomberg US 7-10 Year Treasury Bond Index. Both are passively managed. Over the past 10 years, SPP3.DE returned 1.16%/yr vs 0.15%/yr for UEFI.DE. Their correlation of 0.80 suggests significant overlap in exposure. SPP3.DE charges 0.15%/yr vs 0.05%/yr for UEFI.DE.
Performance
SPP3.DE vs. UEFI.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 UEFI.DE's 1.01% return. Over the past 10 years, SPP3.DE has outperformed UEFI.DE with an annualized return of 1.16%, while UEFI.DE has yielded a comparatively lower 0.15% 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%
UEFI.DE
- 1D
- 0.03%
- 1M
- 0.75%
- YTD
- 1.01%
- 6M
- 0.40%
- 1Y
- 0.89%
- 3Y*
- -0.59%
- 5Y*
- -0.43%
- 10Y*
- 0.15%
SPP3.DE vs. UEFI.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% |
UEFI.DE UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis | 1.01% | -5.01% | 4.87% | -0.30% | -9.82% | 4.88% | -0.27% | 10.89% | 5.09% | -10.40% |
Correlation
The correlation between SPP3.DE and UEFI.DE is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2016 | 0.80 |
The correlation between SPP3.DE and UEFI.DE shifts across timeframes, from 0.80 (10 years) to 0.96 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SPP3.DE vs. UEFI.DE — Risk / Return Rank
SPP3.DE
UEFI.DE
SPP3.DE vs. UEFI.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 UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis (UEFI.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 | UEFI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.07 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.34 | 0.05 | +0.29 |
| Martin ratioReturn relative to average drawdown | 0.87 | 0.08 | +0.79 |
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 | UEFI.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.26 | 0.04 | +0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | -0.03 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.16 | 0.01 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | -0.00 | +0.13 |
Drawdowns
SPP3.DE vs. UEFI.DE - Drawdown Comparison
The maximum SPP3.DE drawdown since its inception was -16.82%, smaller than the maximum UEFI.DE drawdown of -32.63%. Use the drawdown chart below to compare losses from any high point for SPP3.DE and UEFI.DE.
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Drawdown Indicators
| SPP3.DE | UEFI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.82% | -32.63% | +15.81% |
Max Drawdown (1Y)Largest decline over 1 year | -4.06% | -16.26% | +12.20% |
Max Drawdown (3Y)Largest decline over 3 years | -9.95% | -16.26% | +6.31% |
Max Drawdown (5Y)Largest decline over 5 years | -11.51% | -16.26% | +4.75% |
Max Drawdown (10Y)Largest decline over 10 years | -16.82% | -22.99% | +6.17% |
Current DrawdownCurrent decline from peak | -6.25% | -17.90% | +11.65% |
Average DrawdownAverage peak-to-trough decline | -6.75% | -14.47% | +7.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 10.93% | -9.32% |
Volatility
SPP3.DE vs. UEFI.DE - Volatility Comparison
SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF (SPP3.DE) and UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis (UEFI.DE) have volatilities of 0.76% and 0.74%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPP3.DE | UEFI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.76% | 0.74% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 3.64% | 3.69% | -0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.29% | 21.96% | -16.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.72% | 13.03% | -5.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.35% | 16.60% | -9.25% |
SPP3.DE vs. UEFI.DE - Expense Ratio Comparison
SPP3.DE has a 0.15% expense ratio, which is higher than UEFI.DE's 0.05% 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. UEFI.DE - Dividend Comparison
SPP3.DE's dividend yield for the trailing twelve months is around 3.91%, more than UEFI.DE's 2.64% 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% |
UEFI.DE UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis | 2.64% | 1.93% | 2.25% | 2.54% | 1.33% | 0.82% | 1.66% | 1.68% | 2.29% | 1.74% | 0.76% | 0.80% |
Frequently Asked Questions
With a correlation of 0.96, SPP3.DE and UEFI.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, UEFI.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UEFI.DE is cheaper with a 0.05% expense ratio, compared with 0.15% for SPP3.DE.
SPP3.DE tracks Bloomberg US 3-7 Year Treasury Bond, while UEFI.DE tracks Bloomberg US 7-10 Year Treasury Bond Index. They also come from different issuers: State Street and UBS. Their fees differ too: 0.15% for SPP3.DE and 0.05% for UEFI.DE.
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