SPPS.DE vs. IBCS.DE
SPPS.DE (SPDR Bloomberg SASB 0-3 Year Euro Corporate ESG UCITS ETF Acc) and IBCS.DE (iShares Euro Corporate Bond Large Cap UCITS ETF) are both European Corporate Bonds funds - SPPS.DE tracks the Bloomberg SASB Euro Corporate 0-3 year ESG Ex-Controversies Select while IBCS.DE tracks the iBoxx® EUR Liquid Corporates Large Cap. Both are passively managed. Over the past 3 years, SPPS.DE returned 3.72%/yr vs 4.29%/yr for IBCS.DE. A 0.55 correlation means they provide meaningful diversification when combined. SPPS.DE charges 0.12%/yr vs 0.20%/yr for IBCS.DE.
Performance
SPPS.DE vs. IBCS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPPS.DE achieves a 0.69% return, which is significantly higher than IBCS.DE's 0.64% return.
SPPS.DE
- 1D
- -0.02%
- 1M
- 0.37%
- YTD
- 0.69%
- 6M
- 0.76%
- 1Y
- 2.01%
- 3Y*
- 3.72%
- 5Y*
- —
- 10Y*
- —
IBCS.DE
- 1D
- 0.12%
- 1M
- 0.70%
- YTD
- 0.64%
- 6M
- 0.33%
- 1Y
- 1.73%
- 3Y*
- 4.29%
- 5Y*
- -0.27%
- 10Y*
- 0.73%
SPPS.DE vs. IBCS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SPPS.DE SPDR Bloomberg SASB 0-3 Year Euro Corporate ESG UCITS ETF Acc | 0.69% | 2.96% | 4.20% | 4.07% | -1.54% |
IBCS.DE iShares Euro Corporate Bond Large Cap UCITS ETF | 0.64% | 2.84% | 3.66% | 7.36% | -5.80% |
Correlation
The correlation between SPPS.DE and IBCS.DE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since May 5, 2022 | 0.55 |
The correlation between SPPS.DE and IBCS.DE has been stable across timeframes, ranging from 0.48 to 0.55 - a consistent structural relationship.
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Return for Risk
SPPS.DE vs. IBCS.DE — Risk / Return Rank
SPPS.DE
IBCS.DE
SPPS.DE vs. IBCS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg SASB 0-3 Year Euro Corporate ESG UCITS ETF Acc (SPPS.DE) and iShares Euro Corporate Bond Large Cap UCITS ETF (IBCS.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.
| SPPS.DE | IBCS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.10 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 0.62 | +1.08 |
| Martin ratioReturn relative to average drawdown | 6.89 | 2.13 | +4.76 |
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
| SPPS.DE | IBCS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.03 | 0.51 | +0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.06 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.16 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.10 | 0.16 | +0.94 |
Drawdowns
SPPS.DE vs. IBCS.DE - Drawdown Comparison
The maximum SPPS.DE drawdown since its inception was -2.70%, smaller than the maximum IBCS.DE drawdown of -31.12%. Use the drawdown chart below to compare losses from any high point for SPPS.DE and IBCS.DE.
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Drawdown Indicators
| SPPS.DE | IBCS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.70% | -31.12% | +28.42% |
Max Drawdown (1Y)Largest decline over 1 year | -1.18% | -2.79% | +1.61% |
Max Drawdown (3Y)Largest decline over 3 years | -1.18% | -2.79% | +1.61% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.87% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.87% | — |
Current DrawdownCurrent decline from peak | -0.23% | -2.79% | +2.56% |
Average DrawdownAverage peak-to-trough decline | -0.44% | -8.35% | +7.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.29% | 0.81% | -0.52% |
Volatility
SPPS.DE vs. IBCS.DE - Volatility Comparison
The current volatility for SPDR Bloomberg SASB 0-3 Year Euro Corporate ESG UCITS ETF Acc (SPPS.DE) is 1.05%, while iShares Euro Corporate Bond Large Cap UCITS ETF (IBCS.DE) has a volatility of 1.18%. This indicates that SPPS.DE experiences smaller price fluctuations and is considered to be less risky than IBCS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPPS.DE | IBCS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.05% | 1.18% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 1.85% | 2.88% | -1.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.94% | 3.38% | -1.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.26% | 4.74% | -2.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.26% | 4.47% | -2.21% |
SPPS.DE vs. IBCS.DE - Expense Ratio Comparison
SPPS.DE has a 0.12% expense ratio, which is lower than IBCS.DE's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SPPS.DE vs. IBCS.DE - Dividend Comparison
SPPS.DE has not paid dividends to shareholders, while IBCS.DE's dividend yield for the trailing twelve months is around 3.07%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBCS.DE iShares Euro Corporate Bond Large Cap UCITS ETF | 3.07% | 3.03% | 2.74% | 2.31% | 1.05% | 0.73% | 0.85% | 0.99% | 1.10% | 1.09% | 1.27% | 1.57% |
SPPS.DE SPDR Bloomberg SASB 0-3 Year Euro Corporate ESG UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPPS.DE and IBCS.DE have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPPS.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPPS.DE is cheaper with a 0.12% expense ratio, compared with 0.20% for IBCS.DE.
SPPS.DE tracks Bloomberg SASB Euro Corporate 0-3 year ESG Ex-Controversies Select, while IBCS.DE tracks iBoxx® EUR Liquid Corporates Large Cap. They also come from different issuers: State Street and iShares. Their fees differ too: 0.12% for SPPS.DE and 0.20% for IBCS.DE.
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