SPPS.DE vs. UEF6.DE
SPPS.DE (SPDR Bloomberg SASB 0-3 Year Euro Corporate ESG UCITS ETF Acc) and UEF6.DE (UBS ETF (LU) Bloomberg Euro Area Liquid Corporates 1-5 Year UCITS ETF (EUR) Dist) are both European Corporate Bonds funds - SPPS.DE tracks the Bloomberg SASB Euro Corporate 0-3 year ESG Ex-Controversies Select while UEF6.DE tracks the Bloomberg Euro Area Liquid Corporates 1-5. Both are passively managed. Over the past 3 years, SPPS.DE returned 3.72%/yr vs 4.48%/yr for UEF6.DE. A 0.54 correlation means they provide meaningful diversification when combined. SPPS.DE charges 0.12%/yr vs 0.16%/yr for UEF6.DE.
Performance
SPPS.DE vs. UEF6.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 UEF6.DE's 0.36% return.
SPPS.DE
- 1D
- -0.02%
- 1M
- 0.37%
- YTD
- 0.69%
- 6M
- 0.76%
- 1Y
- 2.01%
- 3Y*
- 3.72%
- 5Y*
- —
- 10Y*
- —
UEF6.DE
- 1D
- 0.08%
- 1M
- 0.30%
- YTD
- 0.36%
- 6M
- 0.40%
- 1Y
- 1.91%
- 3Y*
- 4.48%
- 5Y*
- 1.05%
- 10Y*
- 1.03%
SPPS.DE vs. UEF6.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% |
UEF6.DE UBS ETF (LU) Bloomberg Euro Area Liquid Corporates 1-5 Year UCITS ETF (EUR) Dist | 0.36% | 3.55% | 4.56% | 5.92% | -3.57% |
Correlation
The correlation between SPPS.DE and UEF6.DE is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
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 | 0.54 |
The correlation between SPPS.DE and UEF6.DE has been stable across timeframes, ranging from 0.49 to 0.54 - a consistent structural relationship.
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Return for Risk
SPPS.DE vs. UEF6.DE — Risk / Return Rank
SPPS.DE
UEF6.DE
SPPS.DE vs. UEF6.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 UBS ETF (LU) Bloomberg Euro Area Liquid Corporates 1-5 Year UCITS ETF (EUR) Dist (UEF6.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 | UEF6.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 | 1.24 | 1.19 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 0.98 | +0.72 |
| Martin ratioReturn relative to average drawdown | 6.89 | 3.52 | +3.37 |
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 | UEF6.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.03 | 0.98 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.35 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.34 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.10 | 0.41 | +0.69 |
Drawdowns
SPPS.DE vs. UEF6.DE - Drawdown Comparison
The maximum SPPS.DE drawdown since its inception was -2.70%, smaller than the maximum UEF6.DE drawdown of -10.90%. Use the drawdown chart below to compare losses from any high point for SPPS.DE and UEF6.DE.
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Drawdown Indicators
| SPPS.DE | UEF6.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.70% | -10.90% | +8.20% |
Max Drawdown (1Y)Largest decline over 1 year | -1.18% | -1.94% | +0.76% |
Max Drawdown (3Y)Largest decline over 3 years | -1.18% | -1.94% | +0.76% |
Max Drawdown (5Y)Largest decline over 5 years | — | -10.90% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -10.90% | — |
Current DrawdownCurrent decline from peak | -0.23% | -0.46% | +0.23% |
Average DrawdownAverage peak-to-trough decline | -0.44% | -1.75% | +1.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.29% | 0.54% | -0.25% |
Volatility
SPPS.DE vs. UEF6.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 UBS ETF (LU) Bloomberg Euro Area Liquid Corporates 1-5 Year UCITS ETF (EUR) Dist (UEF6.DE) at 0.69%. This indicates that SPPS.DE's price experiences larger fluctuations and is considered to be riskier than UEF6.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 | UEF6.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.05% | 0.69% | +0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 1.85% | 1.72% | +0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.94% | 1.94% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.26% | 2.92% | -0.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.26% | 3.02% | -0.76% |
SPPS.DE vs. UEF6.DE - Expense Ratio Comparison
SPPS.DE has a 0.12% expense ratio, which is lower than UEF6.DE's 0.16% 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. UEF6.DE - Dividend Comparison
SPPS.DE has not paid dividends to shareholders, while UEF6.DE's dividend yield for the trailing twelve months is around 3.29%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
UEF6.DE UBS ETF (LU) Bloomberg Euro Area Liquid Corporates 1-5 Year UCITS ETF (EUR) Dist | 3.29% | 3.56% | 2.52% | 1.53% | 0.44% | 0.54% | 0.56% | 0.60% | 0.69% | 0.46% | 0.72% | 0.74% |
Frequently Asked Questions
SPPS.DE and UEF6.DE have a correlation of 0.49, 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 0.16% for UEF6.DE.
SPPS.DE tracks Bloomberg SASB Euro Corporate 0-3 year ESG Ex-Controversies Select, while UEF6.DE tracks Bloomberg Euro Area Liquid Corporates 1-5. They also come from different issuers: State Street and UBS. Their fees differ too: 0.12% for SPPS.DE and 0.16% for UEF6.DE.
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