SPP7.DE vs. QDVP.DE
SPP7.DE (SPDR Bloomberg 7-10 Year US Treasury Bond UCITS ETF) and QDVP.DE (iShares US Mortgage Backed Securities UCITS ETF) are both exchange-traded funds - SPP7.DE is a Government Bonds fund tracking the Bloomberg US 7-10 Year Treasury Bond, while QDVP.DE is a Mortgage Backed Securities fund tracking the Bloomberg US Mortgage Backed Securities Index. Both are passively managed. Over the past 10 years, SPP7.DE returned 0.60%/yr vs 0.86%/yr for QDVP.DE. Their correlation of 0.87 suggests significant overlap in exposure. SPP7.DE charges 0.15%/yr vs 0.28%/yr for QDVP.DE.
Performance
SPP7.DE vs. QDVP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPP7.DE achieves a 0.25% return, which is significantly lower than QDVP.DE's 1.51% return. Over the past 10 years, SPP7.DE has underperformed QDVP.DE with an annualized return of 0.60%, while QDVP.DE has yielded a comparatively higher 0.86% annualized return.
SPP7.DE
- 1D
- 0.01%
- 1M
- 0.57%
- YTD
- 0.25%
- 6M
- -0.49%
- 1Y
- 1.93%
- 3Y*
- -0.11%
- 5Y*
- 0.17%
- 10Y*
- 0.60%
QDVP.DE
- 1D
- 0.04%
- 1M
- 0.87%
- YTD
- 1.51%
- 6M
- 1.20%
- 1Y
- 4.26%
- 3Y*
- 1.34%
- 5Y*
- 1.05%
- 10Y*
- 0.86%
SPP7.DE vs. QDVP.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% |
QDVP.DE iShares US Mortgage Backed Securities UCITS ETF | 1.51% | -3.56% | 7.02% | 0.27% | -6.06% | 6.72% | -5.61% | 9.05% | 4.99% | -10.02% |
Correlation
The correlation between SPP7.DE and QDVP.DE is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since May 30, 2016 | 0.87 |
The correlation between SPP7.DE and QDVP.DE has been stable across timeframes, ranging from 0.87 to 0.93 - a consistent structural relationship.
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Return for Risk
SPP7.DE vs. QDVP.DE — Risk / Return Rank
SPP7.DE
QDVP.DE
SPP7.DE vs. QDVP.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 US Mortgage Backed Securities UCITS ETF (QDVP.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 | QDVP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.14 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.44 | 1.23 | -0.79 |
| Martin ratioReturn relative to average drawdown | 1.13 | 3.10 | -1.97 |
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
| SPP7.DE | QDVP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.33 | 0.75 | -0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | 0.13 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.07 | 0.11 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.09 | -0.04 |
Drawdowns
SPP7.DE vs. QDVP.DE - Drawdown Comparison
The maximum SPP7.DE drawdown since its inception was -20.31%, which is greater than QDVP.DE's maximum drawdown of -16.57%. Use the drawdown chart below to compare losses from any high point for SPP7.DE and QDVP.DE.
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Drawdown Indicators
| SPP7.DE | QDVP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.31% | -16.57% | -3.74% |
Max Drawdown (1Y)Largest decline over 1 year | -4.35% | -3.46% | -0.89% |
Max Drawdown (3Y)Largest decline over 3 years | -10.58% | -11.15% | +0.57% |
Max Drawdown (5Y)Largest decline over 5 years | -14.56% | -14.91% | +0.35% |
Max Drawdown (10Y)Largest decline over 10 years | -20.31% | -16.57% | -3.74% |
Current DrawdownCurrent decline from peak | -15.29% | -7.63% | -7.66% |
Average DrawdownAverage peak-to-trough decline | -10.62% | -7.72% | -2.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 1.37% | +0.32% |
Volatility
SPP7.DE vs. QDVP.DE - Volatility Comparison
SPDR Bloomberg 7-10 Year US Treasury Bond UCITS ETF (SPP7.DE) has a higher volatility of 1.06% compared to iShares US Mortgage Backed Securities UCITS ETF (QDVP.DE) at 0.92%. This indicates that SPP7.DE's price experiences larger fluctuations and is considered to be riskier than QDVP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPP7.DE | QDVP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 0.92% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 4.11% | 4.07% | +0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.82% | 5.62% | +0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.14% | 8.15% | +0.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.49% | 7.56% | +0.93% |
SPP7.DE vs. QDVP.DE - Expense Ratio Comparison
SPP7.DE has a 0.15% expense ratio, which is lower than QDVP.DE's 0.28% expense ratio.
Dividends
SPP7.DE vs. QDVP.DE - Dividend Comparison
SPP7.DE's dividend yield for the trailing twelve months is around 4.07%, more than QDVP.DE's 3.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
QDVP.DE iShares US Mortgage Backed Securities UCITS ETF | 3.58% | 3.63% | 3.51% | 3.27% | 2.45% | 2.19% | 2.69% | 2.99% | 3.03% | 3.04% | 1.54% |
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% |
Frequently Asked Questions
With a correlation of 0.90, SPP7.DE and QDVP.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, SPP7.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPP7.DE is cheaper with a 0.15% expense ratio, compared with 0.28% for QDVP.DE.
SPP7.DE is categorized as Government Bonds, while QDVP.DE is Mortgage Backed Securities. SPP7.DE tracks Bloomberg US 7-10 Year Treasury Bond, while QDVP.DE tracks Bloomberg US Mortgage Backed Securities Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.15% for SPP7.DE and 0.28% for QDVP.DE.
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