SPP3.DE vs. VX6F.DE
SPP3.DE (SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF) and VX6F.DE (Vanguard U.K. Gilt UCITS ETF GBP Accumulation) are both Government Bonds funds - SPP3.DE tracks the Bloomberg US 3-7 Year Treasury Bond while VX6F.DE tracks the Bloomberg Sterling Gilt Float Adjusted Index. Both are passively managed. Over the past 5 years, SPP3.DE returned 1.43%/yr vs -2.47%/yr for VX6F.DE. At a 0.31 correlation, their price movements are largely independent. SPP3.DE charges 0.15%/yr vs 0.05%/yr for VX6F.DE.
Performance
SPP3.DE vs. VX6F.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 VX6F.DE's -0.49% return.
SPP3.DE
- 1D
- 0.03%
- 1M
- 0.72%
- YTD
- 0.86%
- 6M
- 0.17%
- 1Y
- 1.75%
- 3Y*
- 0.87%
- 5Y*
- 1.43%
- 10Y*
- 1.16%
VX6F.DE
- 1D
- 0.16%
- 1M
- 0.50%
- YTD
- -0.49%
- 6M
- -0.10%
- 1Y
- -0.59%
- 3Y*
- 2.12%
- 5Y*
- -2.47%
- 10Y*
- —
SPP3.DE vs. VX6F.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% | 5.99% |
VX6F.DE Vanguard U.K. Gilt UCITS ETF GBP Accumulation | -0.49% | 0.53% | -0.19% | 18.92% | -26.90% | -5.30% | 9.59% | 5.30% |
Correlation
The correlation between SPP3.DE and VX6F.DE is 0.05, 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 | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2019 | 0.31 |
Over the past year, the correlation between SPP3.DE and VX6F.DE has dropped to 0.05 - well below their long-term average of 0.31, suggesting their price drivers have been diverging.
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Return for Risk
SPP3.DE vs. VX6F.DE — Risk / Return Rank
SPP3.DE
VX6F.DE
SPP3.DE vs. VX6F.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 U.K. Gilt UCITS ETF GBP Accumulation (VX6F.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 | VX6F.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 0.99 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.34 | -0.12 | +0.46 |
| Martin ratioReturn relative to average drawdown | 0.87 | -0.27 | +1.13 |
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 | VX6F.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.26 | -0.08 | +0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | -0.19 | +0.37 |
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 | -0.06 | +0.18 |
Drawdowns
SPP3.DE vs. VX6F.DE - Drawdown Comparison
The maximum SPP3.DE drawdown since its inception was -16.82%, smaller than the maximum VX6F.DE drawdown of -38.93%. Use the drawdown chart below to compare losses from any high point for SPP3.DE and VX6F.DE.
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Drawdown Indicators
| SPP3.DE | VX6F.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.82% | -38.93% | +22.11% |
Max Drawdown (1Y)Largest decline over 1 year | -4.06% | -5.35% | +1.29% |
Max Drawdown (3Y)Largest decline over 3 years | -9.95% | -9.02% | -0.93% |
Max Drawdown (5Y)Largest decline over 5 years | -11.51% | -36.83% | +25.32% |
Max Drawdown (10Y)Largest decline over 10 years | -16.82% | — | — |
Current DrawdownCurrent decline from peak | -6.25% | -19.85% | +13.60% |
Average DrawdownAverage peak-to-trough decline | -6.75% | -14.82% | +8.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 2.34% | -0.73% |
Volatility
SPP3.DE vs. VX6F.DE - Volatility Comparison
The current volatility for SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF (SPP3.DE) is 0.76%, while Vanguard U.K. Gilt UCITS ETF GBP Accumulation (VX6F.DE) has a volatility of 3.41%. This indicates that SPP3.DE experiences smaller price fluctuations and is considered to be less risky than VX6F.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 | VX6F.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.76% | 3.41% | -2.65% |
Volatility (6M)Calculated over the trailing 6-month period | 3.64% | 6.21% | -2.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.29% | 8.03% | -2.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.72% | 12.92% | -5.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.35% | 12.09% | -4.74% |
SPP3.DE vs. VX6F.DE - Expense Ratio Comparison
SPP3.DE has a 0.15% expense ratio, which is higher than VX6F.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. VX6F.DE - Dividend Comparison
SPP3.DE's dividend yield for the trailing twelve months is around 3.91%, while VX6F.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% |
VX6F.DE Vanguard U.K. Gilt UCITS ETF GBP Accumulation | 0.00% | 0.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPP3.DE and VX6F.DE have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VX6F.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VX6F.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 VX6F.DE tracks Bloomberg Sterling Gilt 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 VX6F.DE.
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