SPPU.DE vs. XGBE.DE

Last updated Jul 16, 2026

SPPU.DE (SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF) and XGBE.DE (Xtrackers EUR Corporate Green Bond UCITS ETF (Acc)) are both Corporate Bonds funds - SPPU.DE tracks the Bloomberg SASB US Corporate ESG Ex-Controversies Select while XGBE.DE tracks the Bloomberg MSCI EUR Corporate and Agency Green Bond Index. Both are passively managed. Over the past 5 years, SPPU.DE returned 0.43%/yr vs -1.09%/yr for XGBE.DE. At a 0.42 correlation, their price movements are largely independent. SPPU.DE charges 0.15%/yr vs 0.25%/yr for XGBE.DE.

Performance

SPPU.DE vs. XGBE.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF (SPPU.DE) and Xtrackers EUR Corporate Green Bond UCITS ETF (Acc) (XGBE.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPPU.DE achieves a 2.45% return, which is significantly higher than XGBE.DE's 0.47% 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*: —

XGBE.DE

• 1D: 0.00%
• 1M: -0.46%
• 6M: 0.07%
• YTD: 0.47%
• 1Y: 1.45%
• 3Y*: 4.05%
• 5Y*: -1.09%
• 10Y*: —

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

SPPU.DE vs. XGBE.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SPPU.DE SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF	2.45%	-4.22%	7.66%	4.50%	-10.58%	5.76%
XGBE.DE Xtrackers EUR Corporate Green Bond UCITS ETF (Acc)	0.47%	2.73%	3.40%	7.52%	-16.38%	-0.21%

Correlation

The correlation between SPPU.DE and XGBE.DE is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (5Y) Calculated over the trailing 5-year period	0.42
Correlation (All Time) Calculated using the full available price history since Jun 24, 2021	0.42

Over the past year, the correlation between SPPU.DE and XGBE.DE has dropped to 0.21 - well below their long-term average of 0.42, suggesting their price drivers have been diverging.

Return for Risk

SPPU.DE vs. XGBE.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPPU.DE

SPPU.DE Risk / Return Rank: 35
SPPU.DE Sharpe Ratio Rank: 33
SPPU.DE Sortino Ratio Rank: 33
SPPU.DE Omega Ratio Rank: 32
SPPU.DE Calmar Ratio Rank: 42
SPPU.DE Martin Ratio Rank: 36

XGBE.DE

XGBE.DE Risk / Return Rank: 17
XGBE.DE Sharpe Ratio Rank: 17
XGBE.DE Sortino Ratio Rank: 15
XGBE.DE Omega Ratio Rank: 15
XGBE.DE Calmar Ratio Rank: 17
XGBE.DE Martin Ratio Rank: 19

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.

SPPU.DE vs. XGBE.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 Xtrackers EUR Corporate Green Bond UCITS ETF (Acc) (XGBE.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	XGBE.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.02	0.44	+0.58
Sortino ratio: Return per unit of downside risk	1.54	0.67	+0.87
Omega ratio: Gain probability vs. loss probability	1.19	1.08	+0.11
Calmar ratio: Return relative to maximum drawdown	1.78	0.55	+1.23
Martin ratio: Return relative to average drawdown	4.64	1.71	+2.93

SPPU.DE vs. XGBE.DE - Sharpe Ratio Comparison

The current SPPU.DE Sharpe Ratio is 1.02, which is higher than the XGBE.DE Sharpe Ratio of 0.44. The chart below compares the historical Sharpe Ratios of SPPU.DE and XGBE.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SPPU.DE vs. XGBE.DE - Drawdown Comparison

The maximum SPPU.DE drawdown since its inception was -13.50%, smaller than the maximum XGBE.DE drawdown of -20.20%. Use the drawdown chart below to compare losses from any high point for SPPU.DE and XGBE.DE.

Drawdown Indicators

	SPPU.DE	XGBE.DE	Difference
Max Drawdown Largest peak-to-trough decline	-13.50%	-20.20%	+6.70%
Max Drawdown (1Y) Largest decline over 1 year	-3.32%	-2.62%	-0.70%
Max Drawdown (3Y) Largest decline over 3 years	-11.44%	-2.62%	-8.82%
Max Drawdown (5Y) Largest decline over 5 years	-13.50%	-20.20%	+6.70%
Current Drawdown Current decline from peak	-4.41%	-6.08%	+1.67%
Average Drawdown Average peak-to-trough decline	-6.12%	-10.28%	+4.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.27%	0.85%	+0.42%

Volatility

SPPU.DE vs. XGBE.DE - Volatility Comparison

SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF (SPPU.DE) has a higher volatility of 1.80% compared to Xtrackers EUR Corporate Green Bond UCITS ETF (Acc) (XGBE.DE) at 0.82%. This indicates that SPPU.DE's price experiences larger fluctuations and is considered to be riskier than XGBE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPPU.DE	XGBE.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.80%	0.82%	+0.98%
Volatility (6M) Calculated over the trailing 6-month period	3.92%	2.74%	+1.18%
Volatility (1Y) Calculated over the trailing 1-year period	5.79%	3.27%	+2.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.39%	5.05%	+3.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.25%	5.03%	+3.22%

SPPU.DE vs. XGBE.DE - Expense Ratio Comparison

SPPU.DE has a 0.15% expense ratio, which is lower than XGBE.DE's 0.25% 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. XGBE.DE - Dividend Comparison

Neither SPPU.DE nor XGBE.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SPPU.DE and XGBE.DE in my portfolio?

SPPU.DE and XGBE.DE have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPPU.DE or XGBE.DE?

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.

Which ETF is cheaper, SPPU.DE or XGBE.DE?

SPPU.DE is cheaper with a 0.15% expense ratio, compared with 0.25% for XGBE.DE.

What is the main difference between SPPU.DE and XGBE.DE?

SPPU.DE tracks Bloomberg SASB US Corporate ESG Ex-Controversies Select, while XGBE.DE tracks Bloomberg MSCI EUR Corporate and Agency Green Bond Index. They also come from different issuers: State Street and Xtrackers. Their fees differ too: 0.15% for SPPU.DE and 0.25% for XGBE.DE.