SPPU.DE vs. 36BE.DE
SPPU.DE (SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF) and 36BE.DE (iShares USD Corporate Bond ESG UCITS ETF Dist) are both Corporate Bonds funds - SPPU.DE tracks the Bloomberg SASB US Corporate ESG Ex-Controversies Select while 36BE.DE tracks the Bloomberg MSCI US Corporate Sustainable SRI. Both are passively managed. Over the past 5 years, SPPU.DE returned 1.29%/yr vs 1.56%/yr for 36BE.DE. With a 0.98 correlation, they move nearly in lockstep. Both charge a 0.15% expense ratio.
Performance
SPPU.DE vs. 36BE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPPU.DE achieves a 1.68% return, which is significantly higher than 36BE.DE's 1.37% return.
SPPU.DE
- 1D
- 0.14%
- 1M
- 1.15%
- YTD
- 1.68%
- 6M
- 0.95%
- 1Y
- 4.12%
- 3Y*
- 2.27%
- 5Y*
- 1.29%
- 10Y*
- —
36BE.DE
- 1D
- 0.13%
- 1M
- 1.12%
- YTD
- 1.37%
- 6M
- 0.75%
- 1Y
- 3.56%
- 3Y*
- 2.22%
- 5Y*
- 1.56%
- 10Y*
- —
SPPU.DE vs. 36BE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SPPU.DE SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF | 1.68% | -4.22% | 7.66% | 4.50% | -10.58% | 6.82% | -1.58% |
36BE.DE iShares USD Corporate Bond ESG UCITS ETF Dist | 1.37% | -4.25% | 7.93% | 4.49% | -9.70% | 7.28% | -1.71% |
Correlation
The correlation between SPPU.DE and 36BE.DE is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2020 | 0.98 |
The correlation between SPPU.DE and 36BE.DE has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
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Return for Risk
SPPU.DE vs. 36BE.DE — Risk / Return Rank
SPPU.DE
36BE.DE
SPPU.DE vs. 36BE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF (SPPU.DE) and iShares USD Corporate Bond ESG UCITS ETF Dist (36BE.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.
| SPPU.DE | 36BE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.10 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.12 | 0.97 | +0.15 |
| Martin ratioReturn relative to average drawdown | 2.87 | 2.49 | +0.38 |
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
| SPPU.DE | 36BE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.65 | 0.57 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.19 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.06 | 0.03 | +0.03 |
Drawdowns
SPPU.DE vs. 36BE.DE - Drawdown Comparison
The maximum SPPU.DE drawdown since its inception was -13.50%, which is greater than 36BE.DE's maximum drawdown of -12.76%. Use the drawdown chart below to compare losses from any high point for SPPU.DE and 36BE.DE.
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Drawdown Indicators
| SPPU.DE | 36BE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.50% | -12.76% | -0.74% |
Max Drawdown (1Y)Largest decline over 1 year | -3.32% | -3.31% | -0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -11.44% | -11.21% | -0.23% |
Max Drawdown (5Y)Largest decline over 5 years | -13.50% | -12.76% | -0.74% |
Current DrawdownCurrent decline from peak | -5.13% | -5.56% | +0.43% |
Average DrawdownAverage peak-to-trough decline | -6.15% | -5.98% | -0.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.29% | 1.29% | 0.00% |
Volatility
SPPU.DE vs. 36BE.DE - Volatility Comparison
SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF (SPPU.DE) and iShares USD Corporate Bond ESG UCITS ETF Dist (36BE.DE) have volatilities of 1.00% and 0.99%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPPU.DE | 36BE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 0.99% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 3.94% | 3.90% | +0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.71% | 5.65% | +0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.42% | 8.11% | +0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.29% | 8.79% | -0.50% |
SPPU.DE vs. 36BE.DE - Expense Ratio Comparison
Both SPPU.DE and 36BE.DE have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SPPU.DE vs. 36BE.DE - Dividend Comparison
SPPU.DE has not paid dividends to shareholders, while 36BE.DE's dividend yield for the trailing twelve months is around 4.92%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
36BE.DE iShares USD Corporate Bond ESG UCITS ETF Dist | 4.92% | 4.92% | 4.68% | 4.24% | 2.85% | 2.47% | 1.43% |
SPPU.DE SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.97, SPPU.DE and 36BE.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SPPU.DE and 36BE.DE have the same expense ratio: 0.15% per year.
SPPU.DE tracks Bloomberg SASB US Corporate ESG Ex-Controversies Select, while 36BE.DE tracks Bloomberg MSCI US Corporate Sustainable SRI. They also come from different issuers: State Street and iShares.
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