SPPU.DE vs. CBUP.DE
SPPU.DE (SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF) and CBUP.DE (iShares € Green Bond UCITS ETF EUR (Acc)) are both Corporate Bonds funds - SPPU.DE tracks the Bloomberg SASB US Corporate ESG Ex-Controversies Select while CBUP.DE tracks the Bloomberg MSCI Euro Green Bond SRI (including Nuclear Power) Index. Both are passively managed. Over the past 3 years, SPPU.DE returned 3.91%/yr vs 2.94%/yr for CBUP.DE. At a 0.45 correlation, their price movements are largely independent. SPPU.DE charges 0.15%/yr vs 0.20%/yr for CBUP.DE.
Performance
SPPU.DE vs. CBUP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPPU.DE achieves a 2.45% return, which is significantly higher than CBUP.DE's 0.05% return.
SPPU.DE
- 1D
- 0.00%
- 1M
- 0.28%
- 6M
- 1.22%
- YTD
- 2.45%
- 1Y
- 5.89%
- 3Y*
- 3.91%
- 5Y*
- 0.43%
- 10Y*
- —
CBUP.DE
- 1D
- 0.00%
- 1M
- -0.47%
- 6M
- -0.37%
- YTD
- 0.05%
- 1Y
- 0.83%
- 3Y*
- 2.94%
- 5Y*
- —
- 10Y*
- —
SPPU.DE vs. CBUP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SPPU.DE SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF | 2.45% | -4.22% | 7.66% | 4.50% | -9.22% |
CBUP.DE iShares € Green Bond UCITS ETF EUR (Acc) | 0.05% | 0.99% | 2.05% | 7.83% | -11.21% |
Correlation
The correlation between SPPU.DE and CBUP.DE is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2022 | 0.45 |
Over the past year, the correlation between SPPU.DE and CBUP.DE has dropped to 0.23 - well below their long-term average of 0.45, suggesting their price drivers have been diverging.
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Return for Risk
SPPU.DE vs. CBUP.DE — Risk / Return Rank
SPPU.DE
CBUP.DE
SPPU.DE vs. CBUP.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 € Green Bond UCITS ETF EUR (Acc) (CBUP.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SPPU.DE | CBUP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.83 | ||
| Sortino ratioReturn per unit of downside risk | +1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.04 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 0.26 | +1.52 |
| Martin ratioReturn relative to average drawdown | 4.64 | 0.66 | +3.98 |
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Drawdowns
SPPU.DE vs. CBUP.DE - Drawdown Comparison
The maximum SPPU.DE drawdown since its inception was -13.50%, which is greater than CBUP.DE's maximum drawdown of -12.62%. Use the drawdown chart below to compare losses from any high point for SPPU.DE and CBUP.DE.
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Drawdown Indicators
| SPPU.DE | CBUP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.50% | -12.62% | -0.88% |
Max Drawdown (1Y)Largest decline over 1 year | -3.32% | -3.19% | -0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -11.44% | -3.58% | -7.86% |
Max Drawdown (5Y)Largest decline over 5 years | -13.50% | — | — |
Current DrawdownCurrent decline from peak | -4.41% | -1.80% | -2.61% |
Average DrawdownAverage peak-to-trough decline | -6.12% | -5.07% | -1.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.27% | 1.25% | +0.02% |
Volatility
SPPU.DE vs. CBUP.DE - Volatility Comparison
SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF (SPPU.DE) has a higher volatility of 1.80% compared to iShares € Green Bond UCITS ETF EUR (Acc) (CBUP.DE) at 1.25%. This indicates that SPPU.DE's price experiences larger fluctuations and is considered to be riskier than CBUP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPPU.DE | CBUP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.80% | 1.25% | +0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 3.92% | 3.65% | +0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.79% | 4.18% | +1.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.39% | 5.88% | +2.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.25% | 5.88% | +2.37% |
SPPU.DE vs. CBUP.DE - Expense Ratio Comparison
SPPU.DE has a 0.15% expense ratio, which is lower than CBUP.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
SPPU.DE vs. CBUP.DE - Dividend Comparison
Neither SPPU.DE nor CBUP.DE has paid dividends to shareholders.
Frequently Asked Questions
SPPU.DE and CBUP.DE have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPPU.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPPU.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for CBUP.DE.
SPPU.DE tracks Bloomberg SASB US Corporate ESG Ex-Controversies Select, while CBUP.DE tracks Bloomberg MSCI Euro Green Bond SRI (including Nuclear Power) Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.15% for SPPU.DE and 0.20% for CBUP.DE.
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