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SPPX.DE vs. CEMF.DE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SPPX.DE vs. CEMF.DE

Last updated Jun 5, 2026

SPPX.DE (SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF) and CEMF.DE (iShares $ Treasury Bond 7-10yr UCITS ETF EUR Hedged Acc) are both Government Bonds funds - SPPX.DE tracks the Bloomberg US 10+ Year Treasury Bond while CEMF.DE tracks the ICE US Treasury 7-10 Year (EUR Hedged) Index. Both are passively managed. A 0.66 correlation means they provide meaningful diversification when combined. SPPX.DE charges 0.15%/yr vs 0.10%/yr for CEMF.DE.

Performance

SPPX.DE vs. CEMF.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF (SPPX.DE) and iShares $ Treasury Bond 7-10yr UCITS ETF EUR Hedged Acc (CEMF.DE). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SPPX.DE achieves a 0.87% return, which is significantly higher than CEMF.DE's -1.42% return.

SPPX.DE

1D
0.30%
1M
1.41%
YTD
0.87%
6M
-0.50%
1Y
2.52%
3Y*
-3.23%
5Y*
-4.30%
10Y*
-1.29%

CEMF.DE

1D
0.28%
1M
-0.19%
YTD
-1.42%
6M
-1.51%
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

SPPX.DE vs. CEMF.DE - Yearly Performance Comparison

2026 (YTD)2025
SPPX.DE
SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF		0.87%1.40%
CEMF.DE
iShares $ Treasury Bond 7-10yr UCITS ETF EUR Hedged Acc		-1.42%2.59%

Correlation

The correlation between SPPX.DE and CEMF.DE is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (All Time)
Calculated using the full available price history since Jul 30, 2025

0.66

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SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF

iShares $ Treasury Bond 7-10yr UCITS ETF EUR Hedged Acc

Often compared with SPPX.DE:
SPPX.DE vs. CEMC.DESPPX.DE vs. UEFI.DESPPX.DE vs. VX6F.DESPPX.DE vs. OM3M.DESPPX.DE vs. PRAS.DESPPX.DE vs. PR1S.DESPPX.DE vs. PR1T.DE
Often compared with CEMF.DE:
CEMF.DE vs. BBTR.DECEMF.DE vs. OM3M.DECEMF.DE vs. QDVP.DECEMF.DE vs. SPP3.DECEMF.DE vs. XUTD.DECEMF.DE vs. SPP7.DECEMF.DE vs. TRDL.DE

Return for Risk

SPPX.DE vs. CEMF.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SPPX.DE
SPPX.DE Risk / Return Rank: 1313
Overall Rank
SPPX.DE Sharpe Ratio Rank: 1313
Sharpe Ratio Rank
SPPX.DE Sortino Ratio Rank: 1212
Sortino Ratio Rank
SPPX.DE Omega Ratio Rank: 1212
Omega Ratio Rank
SPPX.DE Calmar Ratio Rank: 1414
Calmar Ratio Rank
SPPX.DE Martin Ratio Rank: 1313
Martin Ratio Rank
CEMF.DE
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.

SPPX.DE vs. CEMF.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF (SPPX.DE) and iShares $ Treasury Bond 7-10yr UCITS ETF EUR Hedged Acc (CEMF.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.

SPPX.DECEMF.DEDifference
Sharpe ratioReturn per unit of total volatility
0.28

—

—

Sortino ratioReturn per unit of downside risk
0.46

—

—

Omega ratioGain probability vs. loss probability

1.05

—

—

Calmar ratioReturn relative to maximum drawdown

0.40

—

—

Martin ratioReturn relative to average drawdown

0.87

—

—

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPPX.DE vs. CEMF.DE - Sharpe Ratio Comparison

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Sharpe Ratios by Period

SPPX.DECEMF.DEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.28

—

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.30

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

-0.09

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.09

0.29

-0.38

Drawdowns

SPPX.DE vs. CEMF.DE - Drawdown Comparison

The maximum SPPX.DE drawdown since its inception was -44.56%, which is greater than CEMF.DE's maximum drawdown of -4.45%. Use the drawdown chart below to compare losses from any high point for SPPX.DE and CEMF.DE.

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Drawdown Indicators

SPPX.DECEMF.DEDifference

Max Drawdown

Largest peak-to-trough decline

-44.56%

-4.45%

-40.11%

Max Drawdown (1Y)

Largest decline over 1 year

-6.31%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-16.55%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-36.53%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-44.56%

—

—

Current Drawdown

Current decline from peak

-40.79%

-2.97%

-37.82%

Average Drawdown

Average peak-to-trough decline

-22.39%

-1.20%

-21.19%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.90%

—

—

Volatility

SPPX.DE vs. CEMF.DE - Volatility Comparison

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Volatility by Period

SPPX.DECEMF.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.37%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

6.11%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

8.91%

4.62%

+4.29%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.34%

4.62%

+9.72%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.51%

4.62%

+9.89%

SPPX.DE vs. CEMF.DE - Expense Ratio Comparison

SPPX.DE has a 0.15% expense ratio, which is higher than CEMF.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

SPPX.DE vs. CEMF.DE - Dividend Comparison

SPPX.DE's dividend yield for the trailing twelve months is around 4.60%, while CEMF.DE has not paid dividends to shareholders.

PositionTTM2025202420232022202120202019201820172016
CEMF.DE
iShares $ Treasury Bond 7-10yr UCITS ETF EUR Hedged Acc		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SPPX.DE
SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF		4.60%4.77%4.11%3.16%2.57%1.63%2.07%2.42%2.38%2.77%1.07%

Frequently Asked Questions

SPPX.DE and CEMF.DE have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, CEMF.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

CEMF.DE is cheaper with a 0.10% expense ratio, compared with 0.15% for SPPX.DE.

SPPX.DE tracks Bloomberg US 10+ Year Treasury Bond, while CEMF.DE tracks ICE US Treasury 7-10 Year (EUR Hedged) Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.15% for SPPX.DE and 0.10% for CEMF.DE.

Portfolio Optimizer

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