SPPC.DE vs. UCLA.DE

Last updated Apr 1, 2026

Compare and contrast key facts about State Street Blackstone Euro AAA CLO UCITS ETF (Acc) (SPPC.DE) and Invesco USD AAA CLO UCITS ETF Acc (UCLA.DE).

SPPC.DE and UCLA.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPPC.DE is an actively managed fund by State Street. It was launched on Sep 23, 2025. UCLA.DE is an actively managed fund by Invesco. It was launched on Feb 10, 2025.

Performance

SPPC.DE vs. UCLA.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in State Street Blackstone Euro AAA CLO UCITS ETF (Acc) (SPPC.DE) and Invesco USD AAA CLO UCITS ETF Acc (UCLA.DE). The values are adjusted to include any dividend payments, if applicable.

SPPC.DE vs. UCLA.DE - Yearly Performance Comparison

	2026 (YTD)	2025
SPPC.DE State Street Blackstone Euro AAA CLO UCITS ETF (Acc)	0.47%	0.83%
UCLA.DE Invesco USD AAA CLO UCITS ETF Acc	3.07%	1.03%

Returns By Period

In the year-to-date period, SPPC.DE achieves a 0.47% return, which is significantly lower than UCLA.DE's 3.07% return.

SPPC.DE

• 1D: 0.05%
• 1M: -0.09%
• YTD: 0.47%
• 6M: 1.25%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

UCLA.DE

• 1D: -0.65%
• 1M: 2.59%
• YTD: 3.07%
• 6M: 3.96%
• 1Y: -1.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SPPC.DE vs. UCLA.DE - Expense Ratio Comparison

Both SPPC.DE and UCLA.DE have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

SPPC.DE

State Street Blackstone Euro AAA CLO UCITS ETF (Acc)

UCLA.DE

Invesco USD AAA CLO UCITS ETF Acc

Return for Risk

SPPC.DE vs. UCLA.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UCLA.DE

UCLA.DE Risk / Return Rank: 7
UCLA.DE Sharpe Ratio Rank: 7
UCLA.DE Sortino Ratio Rank: 6
UCLA.DE Omega Ratio Rank: 6
UCLA.DE Calmar Ratio Rank: 8
UCLA.DE Martin Ratio Rank: 9

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPPC.DE vs. UCLA.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Blackstone Euro AAA CLO UCITS ETF (Acc) (SPPC.DE) and Invesco USD AAA CLO UCITS ETF Acc (UCLA.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	SPPC.DE	UCLA.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.24	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.46	-0.58	+4.03

Correlation

The correlation between SPPC.DE and UCLA.DE is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

SPPC.DE vs. UCLA.DE - Dividend Comparison

Neither SPPC.DE nor UCLA.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

SPPC.DE vs. UCLA.DE - Drawdown Comparison

The maximum SPPC.DE drawdown since its inception was -0.40%, smaller than the maximum UCLA.DE drawdown of -10.36%. Use the drawdown chart below to compare losses from any high point for SPPC.DE and UCLA.DE.

Drawdown Indicators

	SPPC.DE	UCLA.DE	Difference
Max Drawdown Largest peak-to-trough decline	-0.40%	-10.36%	+9.96%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.06%	—
Current Drawdown Current decline from peak	-0.20%	-5.14%	+4.94%
Average Drawdown Average peak-to-trough decline	-0.06%	-7.24%	+7.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.20%	—

Volatility

Volatility by Period

	SPPC.DE	UCLA.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.30%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.10%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.75%	7.12%	-6.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.75%	7.37%	-6.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.75%	7.37%	-6.62%