SPP7.DE vs. IS04.DE
SPP7.DE (SPDR Bloomberg 7-10 Year US Treasury Bond UCITS ETF) and IS04.DE (iShares USD Treasury Bond 20+yr UCITS ETF (Dist)) are both Government Bonds funds - SPP7.DE tracks the Bloomberg US 7-10 Year Treasury Bond while IS04.DE tracks the ICE U.S. Treasury 20+ Year Bond Index. Both are passively managed. Over the past 10 years, SPP7.DE returned 0.60%/yr vs -1.74%/yr for IS04.DE. Their correlation of 0.84 suggests significant overlap in exposure. SPP7.DE charges 0.15%/yr vs 0.07%/yr for IS04.DE.
Performance
SPP7.DE vs. IS04.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SPP7.DE achieves a 0.25% return, which is significantly lower than IS04.DE's 0.81% return. Over the past 10 years, SPP7.DE has outperformed IS04.DE with an annualized return of 0.60%, while IS04.DE has yielded a comparatively lower -1.74% annualized return.
SPP7.DE
- 1D
- 0.01%
- 1M
- 0.53%
- YTD
- 0.25%
- 6M
- -0.29%
- 1Y
- 2.30%
- 3Y*
- -0.11%
- 5Y*
- 0.17%
- 10Y*
- 0.60%
IS04.DE
- 1D
- 0.41%
- 1M
- 0.97%
- YTD
- 0.81%
- 6M
- -0.32%
- 1Y
- 2.27%
- 3Y*
- -4.20%
- 5Y*
- -5.21%
- 10Y*
- -1.74%
SPP7.DE vs. IS04.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPP7.DE SPDR Bloomberg 7-10 Year US Treasury Bond UCITS ETF | 0.25% | -3.30% | 5.21% | 1.24% | -9.75% | 4.98% | -0.10% | 11.45% | 5.07% | -9.83% |
IS04.DE iShares USD Treasury Bond 20+yr UCITS ETF (Dist) | 0.81% | -6.95% | -2.51% | -1.21% | -26.01% | 3.49% | 6.49% | 18.18% | 2.70% | -4.33% |
Correlation
The correlation between SPP7.DE and IS04.DE is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2016 | 0.84 |
The correlation between SPP7.DE and IS04.DE has been stable across timeframes, ranging from 0.76 to 0.84 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SPP7.DE vs. IS04.DE — Risk / Return Rank
SPP7.DE
IS04.DE
SPP7.DE vs. IS04.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg 7-10 Year US Treasury Bond UCITS ETF (SPP7.DE) and iShares USD Treasury Bond 20+yr UCITS ETF (Dist) (IS04.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.
| SPP7.DE | IS04.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.04 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.44 | 0.29 | +0.15 |
| Martin ratioReturn relative to average drawdown | 1.13 | 0.62 | +0.52 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SPP7.DE | IS04.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.33 | 0.22 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | -0.34 | +0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.07 | -0.12 | +0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | -0.09 | +0.14 |
Drawdowns
SPP7.DE vs. IS04.DE - Drawdown Comparison
The maximum SPP7.DE drawdown since its inception was -20.31%, smaller than the maximum IS04.DE drawdown of -47.19%. Use the drawdown chart below to compare losses from any high point for SPP7.DE and IS04.DE.
Loading charts...
Drawdown Indicators
| SPP7.DE | IS04.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.31% | -47.19% | +26.88% |
Max Drawdown (1Y)Largest decline over 1 year | -4.35% | -7.33% | +2.98% |
Max Drawdown (3Y)Largest decline over 3 years | -10.58% | -18.47% | +7.89% |
Max Drawdown (5Y)Largest decline over 5 years | -14.56% | -40.05% | +25.49% |
Max Drawdown (10Y)Largest decline over 10 years | -20.31% | -47.19% | +26.88% |
Current DrawdownCurrent decline from peak | -15.29% | -43.69% | +28.40% |
Average DrawdownAverage peak-to-trough decline | -10.62% | -21.89% | +11.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 3.45% | -1.76% |
Volatility
SPP7.DE vs. IS04.DE - Volatility Comparison
The current volatility for SPDR Bloomberg 7-10 Year US Treasury Bond UCITS ETF (SPP7.DE) is 1.06%, while iShares USD Treasury Bond 20+yr UCITS ETF (Dist) (IS04.DE) has a volatility of 2.47%. This indicates that SPP7.DE experiences smaller price fluctuations and is considered to be less risky than IS04.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SPP7.DE | IS04.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 2.47% | -1.41% |
Volatility (6M)Calculated over the trailing 6-month period | 4.11% | 6.52% | -2.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.82% | 9.70% | -3.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.14% | 15.21% | -6.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.49% | 14.69% | -6.20% |
SPP7.DE vs. IS04.DE - Expense Ratio Comparison
SPP7.DE has a 0.15% expense ratio, which is higher than IS04.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%.
Dividends
SPP7.DE vs. IS04.DE - Dividend Comparison
SPP7.DE's dividend yield for the trailing twelve months is around 4.07%, less than IS04.DE's 4.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS04.DE iShares USD Treasury Bond 20+yr UCITS ETF (Dist) | 4.35% | 4.38% | 4.62% | 3.82% | 3.04% | 1.71% | 1.86% | 2.49% | 2.79% | 2.72% | 2.56% | 2.14% |
SPP7.DE SPDR Bloomberg 7-10 Year US Treasury Bond UCITS ETF | 4.07% | 4.20% | 3.47% | 4.07% | 1.66% | 0.97% | 1.69% | 2.33% | 1.98% | 1.99% | 0.70% | 0.00% |
Frequently Asked Questions
SPP7.DE and IS04.DE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS04.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS04.DE is cheaper with a 0.07% expense ratio, compared with 0.15% for SPP7.DE.
SPP7.DE tracks Bloomberg US 7-10 Year Treasury Bond, while IS04.DE tracks ICE U.S. Treasury 20+ Year Bond Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.15% for SPP7.DE and 0.07% for IS04.DE.
Find the right allocation for SPP7.DE and IS04.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer