SPP3.DE vs. VGTY.DE
SPP3.DE (SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF) and VGTY.DE (Vanguard USD Treasury Bond UCITS ETF Distributing) are both Government Bonds funds - SPP3.DE tracks the Bloomberg US 3-7 Year Treasury Bond while VGTY.DE tracks the Bloomberg Global Aggregate US Treasury Float Adjusted Index. Both are passively managed. Over the past 5 years, SPP3.DE returned 1.43%/yr vs 0.20%/yr for VGTY.DE. Their correlation of 0.95 suggests significant overlap in exposure. SPP3.DE charges 0.15%/yr vs 0.05%/yr for VGTY.DE.
Performance
SPP3.DE vs. VGTY.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 higher than VGTY.DE's 0.80% 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%
VGTY.DE
- 1D
- 0.08%
- 1M
- 0.76%
- YTD
- 0.80%
- 6M
- 0.01%
- 1Y
- 1.03%
- 3Y*
- -0.33%
- 5Y*
- 0.20%
- 10Y*
- —
SPP3.DE vs. VGTY.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% | -2.77% |
VGTY.DE Vanguard USD Treasury Bond UCITS ETF Distributing | 0.80% | -5.99% | 6.16% | 0.04% | -6.98% | 5.64% | -2.09% | 9.36% | 5.00% | -2.11% |
Correlation
The correlation between SPP3.DE and VGTY.DE is 0.97 - 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 | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 0.95 |
The correlation between SPP3.DE and VGTY.DE has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.
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Return for Risk
SPP3.DE vs. VGTY.DE — Risk / Return Rank
SPP3.DE
VGTY.DE
SPP3.DE vs. VGTY.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 Vanguard USD Treasury Bond UCITS ETF Distributing (VGTY.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 | VGTY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.04 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.34 | 0.25 | +0.09 |
| Martin ratioReturn relative to average drawdown | 0.87 | 0.62 | +0.25 |
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 | VGTY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.26 | 0.19 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 0.02 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.16 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.13 | 0.00 |
Drawdowns
SPP3.DE vs. VGTY.DE - Drawdown Comparison
The maximum SPP3.DE drawdown since its inception was -16.82%, smaller than the maximum VGTY.DE drawdown of -17.97%. Use the drawdown chart below to compare losses from any high point for SPP3.DE and VGTY.DE.
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Drawdown Indicators
| SPP3.DE | VGTY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.82% | -17.97% | +1.15% |
Max Drawdown (1Y)Largest decline over 1 year | -4.06% | -4.08% | +0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -9.95% | -11.23% | +1.28% |
Max Drawdown (5Y)Largest decline over 5 years | -11.51% | -13.16% | +1.65% |
Max Drawdown (10Y)Largest decline over 10 years | -16.82% | — | — |
Current DrawdownCurrent decline from peak | -6.25% | -14.45% | +8.20% |
Average DrawdownAverage peak-to-trough decline | -6.75% | -9.48% | +2.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 1.67% | -0.06% |
Volatility
SPP3.DE vs. VGTY.DE - Volatility Comparison
The current volatility for SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF (SPP3.DE) is 0.76%, while Vanguard USD Treasury Bond UCITS ETF Distributing (VGTY.DE) has a volatility of 0.85%. This indicates that SPP3.DE experiences smaller price fluctuations and is considered to be less risky than VGTY.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 | VGTY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.76% | 0.85% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 3.64% | 3.73% | -0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.29% | 5.44% | -0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.72% | 7.99% | -0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.35% | 7.63% | -0.28% |
SPP3.DE vs. VGTY.DE - Expense Ratio Comparison
SPP3.DE has a 0.15% expense ratio, which is higher than VGTY.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. VGTY.DE - Dividend Comparison
SPP3.DE's dividend yield for the trailing twelve months is around 3.91%, more than VGTY.DE's 3.65% yield.
| 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% |
VGTY.DE Vanguard USD Treasury Bond UCITS ETF Distributing | 3.65% | 3.99% | 3.65% | 3.21% | 2.05% | 0.99% | 1.48% | 2.10% | 1.94% | 0.26% | 0.00% |
Frequently Asked Questions
With a correlation of 0.97, SPP3.DE and VGTY.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, VGTY.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGTY.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 VGTY.DE tracks Bloomberg Global Aggregate US Treasury Float Adjusted Index. They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.15% for SPP3.DE and 0.05% for VGTY.DE.
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