SPP7.DE vs. SPPX.DE
SPP7.DE (SPDR Bloomberg 7-10 Year US Treasury Bond UCITS ETF) and SPPX.DE (SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF) are both Government Bonds funds from State Street - SPP7.DE tracks the Bloomberg US 7-10 Year Treasury Bond while SPPX.DE tracks the Bloomberg US 10+ Year Treasury Bond. Both are passively managed. Over the past 10 years, SPP7.DE returned 0.60%/yr vs -1.29%/yr for SPPX.DE. Their correlation of 0.86 suggests significant overlap in exposure. Both charge a 0.15% expense ratio.
Performance
SPP7.DE vs. SPPX.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 SPPX.DE's 0.87% return. Over the past 10 years, SPP7.DE has outperformed SPPX.DE with an annualized return of 0.60%, while SPPX.DE has yielded a comparatively lower -1.29% 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%
SPPX.DE
- 1D
- 0.30%
- 1M
- 1.41%
- YTD
- 0.87%
- 6M
- -0.50%
- 1Y
- 2.52%
- 3Y*
- -3.23%
- 5Y*
- -4.30%
- 10Y*
- -1.29%
SPP7.DE vs. SPPX.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% |
SPPX.DE SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF | 0.87% | -6.01% | -0.89% | -0.77% | -24.28% | 3.04% | 6.14% | 17.91% | 2.68% | -4.61% |
Correlation
The correlation between SPP7.DE and SPPX.DE is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2016 | 0.86 |
The correlation between SPP7.DE and SPPX.DE has been stable across timeframes, ranging from 0.79 to 0.87 - a consistent structural relationship.
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Return for Risk
SPP7.DE vs. SPPX.DE — Risk / Return Rank
SPP7.DE
SPPX.DE
SPP7.DE vs. SPPX.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 SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF (SPPX.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 | SPPX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.05 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.44 | 0.40 | +0.04 |
| Martin ratioReturn relative to average drawdown | 1.13 | 0.87 | +0.27 |
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 | SPPX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.33 | 0.28 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | -0.30 | +0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.07 | -0.09 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | -0.09 | +0.14 |
Drawdowns
SPP7.DE vs. SPPX.DE - Drawdown Comparison
The maximum SPP7.DE drawdown since its inception was -20.31%, smaller than the maximum SPPX.DE drawdown of -44.56%. Use the drawdown chart below to compare losses from any high point for SPP7.DE and SPPX.DE.
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Drawdown Indicators
| SPP7.DE | SPPX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.31% | -44.56% | +24.25% |
Max Drawdown (1Y)Largest decline over 1 year | -4.35% | -6.31% | +1.96% |
Max Drawdown (3Y)Largest decline over 3 years | -10.58% | -16.55% | +5.97% |
Max Drawdown (5Y)Largest decline over 5 years | -14.56% | -36.53% | +21.97% |
Max Drawdown (10Y)Largest decline over 10 years | -20.31% | -44.56% | +24.25% |
Current DrawdownCurrent decline from peak | -15.29% | -40.79% | +25.50% |
Average DrawdownAverage peak-to-trough decline | -10.62% | -22.39% | +11.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 2.90% | -1.21% |
Volatility
SPP7.DE vs. SPPX.DE - Volatility Comparison
The current volatility for SPDR Bloomberg 7-10 Year US Treasury Bond UCITS ETF (SPP7.DE) is 1.06%, while SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF (SPPX.DE) has a volatility of 2.37%. This indicates that SPP7.DE experiences smaller price fluctuations and is considered to be less risky than SPPX.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 | SPPX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 2.37% | -1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 4.11% | 6.11% | -2.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.82% | 8.91% | -3.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.14% | 14.34% | -5.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.49% | 14.51% | -6.02% |
SPP7.DE vs. SPPX.DE - Expense Ratio Comparison
Both SPP7.DE and SPPX.DE have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SPP7.DE vs. SPPX.DE - Dividend Comparison
SPP7.DE's dividend yield for the trailing twelve months is around 4.07%, less than SPPX.DE's 4.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPPX.DE SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF | 4.60% | 4.77% | 4.11% | 3.16% | 2.57% | 1.63% | 2.07% | 2.42% | 2.38% | 2.77% | 1.07% |
Frequently Asked Questions
SPP7.DE and SPPX.DE have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SPP7.DE and SPPX.DE have the same expense ratio: 0.15% per year.
SPP7.DE tracks Bloomberg US 7-10 Year Treasury Bond, while SPPX.DE tracks Bloomberg US 10+ Year Treasury Bond.
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