SPPS.DE vs. XLIQ.DE

Last updated Jun 5, 2026

SPPS.DE (SPDR Bloomberg SASB 0-3 Year Euro Corporate ESG UCITS ETF Acc) and XLIQ.DE (Xtrackers iBoxx EUR Liquid Covered Swap UCITS ETF) are both European Corporate Bonds funds - SPPS.DE tracks the Bloomberg SASB Euro Corporate 0-3 year ESG Ex-Controversies Select while XLIQ.DE tracks the iBoxx® EUR Liquid Covered Bond. Both are passively managed. At a 0.29 correlation, their price movements are largely independent. SPPS.DE charges 0.12%/yr vs 0.20%/yr for XLIQ.DE.

Performance

SPPS.DE vs. XLIQ.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 Xtrackers iBoxx EUR Liquid Covered Swap UCITS ETF (XLIQ.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SPPS.DE

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

XLIQ.DE

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SPPS.DE vs. XLIQ.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%
XLIQ.DE Xtrackers iBoxx EUR Liquid Covered Swap UCITS ETF	0.27%	1.87%	2.30%	6.61%	-9.42%

Correlation

The correlation between SPPS.DE and XLIQ.DE is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (All Time) Calculated using the full available price history since May 5, 2022	0.29

Return for Risk

SPPS.DE vs. XLIQ.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

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. XLIQ.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 Xtrackers iBoxx EUR Liquid Covered Swap UCITS ETF (XLIQ.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	XLIQ.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.03	—	—
Sortino ratio: Return per unit of downside risk	1.45	—	—
Omega ratio: Gain probability vs. loss probability	1.24	—	—
Calmar ratio: Return relative to maximum drawdown	1.70	—	—
Martin ratio: Return relative to average drawdown	6.89	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SPPS.DE	XLIQ.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.03	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.10	—	—

Drawdowns

Drawdown Indicators

	SPPS.DE	XLIQ.DE	Difference
Max Drawdown Largest peak-to-trough decline	-2.70%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-1.18%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-1.18%	—	—
Current Drawdown Current decline from peak	-0.23%	—	—
Average Drawdown Average peak-to-trough decline	-0.44%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.29%	—	—

Volatility

Volatility by Period

	SPPS.DE	XLIQ.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.05%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.85%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.94%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.26%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.26%	—	—

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

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

Neither SPPS.DE nor XLIQ.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

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

SPPS.DE and XLIQ.DE have a correlation of 0.36, 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 XLIQ.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 XLIQ.DE?

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

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

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