SPPS.DE vs. IUS6.DE

Last updated Jun 5, 2026

SPPS.DE (SPDR Bloomberg SASB 0-3 Year Euro Corporate ESG UCITS ETF Acc) and IUS6.DE (iShares Euro Covered Bond UCITS ETF) are both European Corporate Bonds funds - SPPS.DE tracks the Bloomberg SASB Euro Corporate 0-3 year ESG Ex-Controversies Select while IUS6.DE tracks the iBoxx® EUR Covered. Both are passively managed. Over the past 3 years, SPPS.DE returned 3.72%/yr vs 3.14%/yr for IUS6.DE. At a 0.50 correlation, their price movements are largely independent. SPPS.DE charges 0.12%/yr vs 0.20%/yr for IUS6.DE.

Performance

SPPS.DE vs. IUS6.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR Bloomberg SASB 0-3 Year Euro Corporate ESG UCITS ETF Acc (SPPS.DE) and iShares Euro Covered Bond UCITS ETF (IUS6.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPPS.DE achieves a 0.69% return, which is significantly higher than IUS6.DE's 0.30% return.

SPPS.DE

• 1D: -0.02%
• 1M: 0.37%
• YTD: 0.69%
• 6M: 0.76%
• 1Y: 2.01%
• 3Y*: 3.72%
• 5Y*: —
• 10Y*: —

IUS6.DE

• 1D: 0.12%
• 1M: 0.42%
• YTD: 0.30%
• 6M: 0.06%
• 1Y: 0.79%
• 3Y*: 3.14%
• 5Y*: -0.93%
• 10Y*: -0.15%

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

SPPS.DE vs. IUS6.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%
IUS6.DE iShares Euro Covered Bond UCITS ETF	0.30%	2.11%	2.85%	5.72%	-6.95%

Correlation

The correlation between SPPS.DE and IUS6.DE is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (All Time) Calculated using the full available price history since May 5, 2022	0.50

The correlation between SPPS.DE and IUS6.DE shifts across timeframes, from 0.34 (1 year) to 0.50 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SPPS.DE vs. IUS6.DE — Risk / Return Rank

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

SPPS.DE

SPPS.DE Risk / Return Rank: 34
SPPS.DE Sharpe Ratio Rank: 29
SPPS.DE Sortino Ratio Rank: 27
SPPS.DE Omega Ratio Rank: 37
SPPS.DE Calmar Ratio Rank: 35
SPPS.DE Martin Ratio Rank: 43

IUS6.DE

IUS6.DE Risk / Return Rank: 13
IUS6.DE Sharpe Ratio Rank: 14
IUS6.DE Sortino Ratio Rank: 12
IUS6.DE Omega Ratio Rank: 12
IUS6.DE Calmar Ratio Rank: 13
IUS6.DE Martin Ratio Rank: 14

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.

SPPS.DE vs. IUS6.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 Covered Bond UCITS ETF (IUS6.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	IUS6.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.03	0.30	+0.73
Sortino ratio: Return per unit of downside risk	1.45	0.45	+1.00
Omega ratio: Gain probability vs. loss probability	1.24	1.05	+0.18
Calmar ratio: Return relative to maximum drawdown	1.70	0.35	+1.34
Martin ratio: Return relative to average drawdown	6.89	0.97	+5.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPPS.DE vs. IUS6.DE - Sharpe Ratio Comparison

The current SPPS.DE Sharpe Ratio is 1.03, which is higher than the IUS6.DE Sharpe Ratio of 0.30. The chart below compares the historical Sharpe Ratios of SPPS.DE and IUS6.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SPPS.DE	IUS6.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.03	0.30	+0.73
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.24	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.05	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.10	0.32	+0.78

Drawdowns

SPPS.DE vs. IUS6.DE - Drawdown Comparison

The maximum SPPS.DE drawdown since its inception was -2.70%, smaller than the maximum IUS6.DE drawdown of -16.47%. Use the drawdown chart below to compare losses from any high point for SPPS.DE and IUS6.DE.

Drawdown Indicators

	SPPS.DE	IUS6.DE	Difference
Max Drawdown Largest peak-to-trough decline	-2.70%	-16.47%	+13.77%
Max Drawdown (1Y) Largest decline over 1 year	-1.18%	-2.22%	+1.04%
Max Drawdown (3Y) Largest decline over 3 years	-1.18%	-2.22%	+1.04%
Max Drawdown (5Y) Largest decline over 5 years	—	-15.57%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-16.47%	—
Current Drawdown Current decline from peak	-0.23%	-6.35%	+6.12%
Average Drawdown Average peak-to-trough decline	-0.44%	-3.71%	+3.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.29%	0.81%	-0.52%

Volatility

SPPS.DE vs. IUS6.DE - Volatility Comparison

SPDR Bloomberg SASB 0-3 Year Euro Corporate ESG UCITS ETF Acc (SPPS.DE) has a higher volatility of 1.05% compared to iShares Euro Covered Bond UCITS ETF (IUS6.DE) at 0.97%. This indicates that SPPS.DE's price experiences larger fluctuations and is considered to be riskier than IUS6.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPPS.DE	IUS6.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.05%	0.97%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	1.85%	2.14%	-0.29%
Volatility (1Y) Calculated over the trailing 1-year period	1.94%	2.58%	-0.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.26%	3.84%	-1.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.26%	3.17%	-0.91%

SPPS.DE vs. IUS6.DE - Expense Ratio Comparison

SPPS.DE has a 0.12% expense ratio, which is lower than IUS6.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. IUS6.DE - Dividend Comparison

SPPS.DE has not paid dividends to shareholders, while IUS6.DE's dividend yield for the trailing twelve months is around 2.16%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IUS6.DE iShares Euro Covered Bond UCITS ETF	2.16%	2.03%	1.51%	0.90%	0.29%	0.26%	0.35%	0.47%	0.60%	0.64%	0.97%	0.62%
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

Can I hold both SPPS.DE and IUS6.DE in my portfolio?

SPPS.DE and IUS6.DE have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPPS.DE or IUS6.DE?

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.

Which ETF is cheaper, SPPS.DE or IUS6.DE?

SPPS.DE is cheaper with a 0.12% expense ratio, compared with 0.20% for IUS6.DE.

What is the main difference between SPPS.DE and IUS6.DE?

SPPS.DE tracks Bloomberg SASB Euro Corporate 0-3 year ESG Ex-Controversies Select, while IUS6.DE tracks iBoxx® EUR Covered. They also come from different issuers: State Street and iShares. Their fees differ too: 0.12% for SPPS.DE and 0.20% for IUS6.DE.