SPPU.DE vs. QDVY.DE
SPPU.DE (SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF) and QDVY.DE (iShares USD Floating Rate Bond UCITS ETF) are both Corporate Bonds funds - SPPU.DE tracks the Bloomberg SASB US Corporate ESG Ex-Controversies Select while QDVY.DE tracks the Bloomberg US Floating Rate Notes 1-5. Both are passively managed. Over the past 5 years, SPPU.DE returned 1.29%/yr vs 3.10%/yr for QDVY.DE. A 0.56 correlation means they provide meaningful diversification when combined. SPPU.DE charges 0.15%/yr vs 0.10%/yr for QDVY.DE.
Performance
SPPU.DE vs. QDVY.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 QDVY.DE's 0.88% return.
SPPU.DE
- 1D
- 0.14%
- 1M
- 1.24%
- YTD
- 1.68%
- 6M
- 0.86%
- 1Y
- 3.73%
- 3Y*
- 2.27%
- 5Y*
- 1.29%
- 10Y*
- —
QDVY.DE
- 1D
- -0.14%
- 1M
- -1.01%
- YTD
- 0.88%
- 6M
- 0.27%
- 1Y
- -1.55%
- 3Y*
- -0.58%
- 5Y*
- 3.10%
- 10Y*
- —
SPPU.DE vs. QDVY.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% |
QDVY.DE iShares USD Floating Rate Bond UCITS ETF | 0.88% | -11.19% | 9.21% | 2.97% | 7.53% | 8.93% | -3.53% |
Correlation
The correlation between SPPU.DE and QDVY.DE is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2020 | 0.56 |
The correlation between SPPU.DE and QDVY.DE has been stable across timeframes, ranging from 0.54 to 0.63 - a consistent structural relationship.
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Return for Risk
SPPU.DE vs. QDVY.DE — Risk / Return Rank
SPPU.DE
QDVY.DE
SPPU.DE vs. QDVY.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 Floating Rate Bond UCITS ETF (QDVY.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 | QDVY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.88 | ||
| Sortino ratioReturn per unit of downside risk | +1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 0.97 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.12 | -0.27 | +1.39 |
| Martin ratioReturn relative to average drawdown | 2.87 | -0.59 | +3.46 |
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 | QDVY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.65 | -0.23 | +0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.39 | -0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.06 | 0.27 | -0.20 |
Drawdowns
SPPU.DE vs. QDVY.DE - Drawdown Comparison
The maximum SPPU.DE drawdown since its inception was -13.50%, smaller than the maximum QDVY.DE drawdown of -14.81%. Use the drawdown chart below to compare losses from any high point for SPPU.DE and QDVY.DE.
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Drawdown Indicators
| SPPU.DE | QDVY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.50% | -14.81% | +1.31% |
Max Drawdown (1Y)Largest decline over 1 year | -3.32% | -5.67% | +2.35% |
Max Drawdown (3Y)Largest decline over 3 years | -11.44% | -14.81% | +3.37% |
Max Drawdown (5Y)Largest decline over 5 years | -13.50% | -14.81% | +1.31% |
Current DrawdownCurrent decline from peak | -5.13% | -12.65% | +7.52% |
Average DrawdownAverage peak-to-trough decline | -6.15% | -5.01% | -1.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.29% | 2.63% | -1.34% |
Volatility
SPPU.DE vs. QDVY.DE - Volatility Comparison
The current volatility for SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF (SPPU.DE) is 1.00%, while iShares USD Floating Rate Bond UCITS ETF (QDVY.DE) has a volatility of 2.20%. This indicates that SPPU.DE experiences smaller price fluctuations and is considered to be less risky than QDVY.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 | QDVY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 2.20% | -1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 3.94% | 4.35% | -0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.71% | 6.84% | -1.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.42% | 7.90% | +0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.29% | 7.71% | +0.58% |
SPPU.DE vs. QDVY.DE - Expense Ratio Comparison
SPPU.DE has a 0.15% expense ratio, which is higher than QDVY.DE's 0.10% expense ratio. However, 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. QDVY.DE - Dividend Comparison
Neither SPPU.DE nor QDVY.DE has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
QDVY.DE iShares USD Floating Rate Bond UCITS ETF | 0.00% | 0.00% | 2.90% | 5.61% | 1.50% | 0.57% | 1.75% | 2.94% | 2.20% | 0.47% |
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% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPPU.DE and QDVY.DE have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QDVY.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QDVY.DE is cheaper with a 0.10% expense ratio, compared with 0.15% for SPPU.DE.
SPPU.DE tracks Bloomberg SASB US Corporate ESG Ex-Controversies Select, while QDVY.DE tracks Bloomberg US Floating Rate Notes 1-5. They also come from different issuers: State Street and iShares. Their fees differ too: 0.15% for SPPU.DE and 0.10% for QDVY.DE.
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