SPPX.DE vs. DJAD.DE
SPPX.DE (SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF) and DJAD.DE (Amundi US Treasury Bond Long Dated UCITS ETF Dist) are both Government Bonds funds - SPPX.DE tracks the Bloomberg US 10+ Year Treasury Bond while DJAD.DE tracks the Bloomberg US Long Treasury Index. Both are passively managed. Over the past 10 years, SPPX.DE returned -1.66%/yr vs -3.11%/yr for DJAD.DE. Their correlation of 0.90 suggests significant overlap in exposure. SPPX.DE charges 0.15%/yr vs 0.06%/yr for DJAD.DE.
Performance
SPPX.DE vs. DJAD.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with SPPX.DE having a 5.09% return and DJAD.DE slightly lower at 4.92%. Over the past 10 years, SPPX.DE has outperformed DJAD.DE with an annualized return of -1.66%, while DJAD.DE has yielded a comparatively lower -3.11% annualized return.
SPPX.DE
- 1D
- -0.11%
- 1M
- 5.04%
- YTD
- 5.09%
- 6M
- 5.56%
- 1Y
- 7.67%
- 3Y*
- -1.69%
- 5Y*
- -4.26%
- 10Y*
- -1.66%
DJAD.DE
- 1D
- -0.14%
- 1M
- 5.08%
- YTD
- 4.92%
- 6M
- 5.35%
- 1Y
- 7.45%
- 3Y*
- -1.76%
- 5Y*
- -4.26%
- 10Y*
- -3.11%
SPPX.DE vs. DJAD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPPX.DE SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF | 5.09% | -6.02% | -0.97% | -0.77% | -24.28% | 3.04% | 6.12% | 17.93% | 2.67% | -4.61% |
DJAD.DE Amundi US Treasury Bond Long Dated UCITS ETF Dist | 4.92% | -6.15% | -0.86% | -0.75% | -24.23% | 3.18% | 6.09% | 17.33% | -14.73% | 7.90% |
Correlation
The correlation between SPPX.DE and DJAD.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 | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Feb 17, 2016 | 0.90 |
The correlation between SPPX.DE and DJAD.DE has been stable across timeframes, ranging from 0.90 to 1.00 - a consistent structural relationship.
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Return for Risk
SPPX.DE vs. DJAD.DE — Risk / Return Rank
SPPX.DE
DJAD.DE
SPPX.DE vs. DJAD.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 Amundi US Treasury Bond Long Dated UCITS ETF Dist (DJAD.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.
| SPPX.DE | DJAD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.15 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 1.16 | +0.05 |
| Martin ratioReturn relative to average drawdown | 2.62 | 2.51 | +0.11 |
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Drawdowns
SPPX.DE vs. DJAD.DE - Drawdown Comparison
The maximum SPPX.DE drawdown since its inception was -44.59%, roughly equal to the maximum DJAD.DE drawdown of -44.43%. Use the drawdown chart below to compare losses from any high point for SPPX.DE and DJAD.DE.
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Drawdown Indicators
| SPPX.DE | DJAD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.59% | -44.43% | -0.16% |
Max Drawdown (1Y)Largest decline over 1 year | -6.30% | -6.38% | +0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -16.53% | -16.68% | +0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -36.55% | -36.54% | -0.01% |
Max Drawdown (10Y)Largest decline over 10 years | -44.59% | -44.43% | -0.16% |
Current DrawdownCurrent decline from peak | -38.37% | -38.25% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -22.68% | -17.81% | -4.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 2.96% | -0.04% |
Volatility
SPPX.DE vs. DJAD.DE - Volatility Comparison
SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF (SPPX.DE) and Amundi US Treasury Bond Long Dated UCITS ETF Dist (DJAD.DE) have volatilities of 2.39% and 2.37%, 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
| SPPX.DE | DJAD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.39% | 2.37% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 6.21% | 6.05% | +0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.00% | 8.94% | +0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.21% | 14.22% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.48% | 14.02% | +2.46% |
SPPX.DE vs. DJAD.DE - Expense Ratio Comparison
SPPX.DE has a 0.15% expense ratio, which is higher than DJAD.DE's 0.06% 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. DJAD.DE - Dividend Comparison
SPPX.DE's dividend yield for the trailing twelve months is around 4.42%, more than DJAD.DE's 3.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
DJAD.DE Amundi US Treasury Bond Long Dated UCITS ETF Dist | 3.33% | 3.50% | 3.53% | 2.88% | 3.36% | 2.22% | 2.38% | 2.87% | 3.22% | 2.75% | 0.00% |
SPPX.DE SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF | 4.42% | 4.77% | 4.08% | 3.14% | 2.57% | 1.63% | 2.07% | 2.42% | 2.38% | 2.77% | 1.07% |
Frequently Asked Questions
With a correlation of 0.97, SPPX.DE and DJAD.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.
On fees, DJAD.DE is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DJAD.DE is cheaper with a 0.06% expense ratio, compared with 0.15% for SPPX.DE.
SPPX.DE tracks Bloomberg US 10+ Year Treasury Bond, while DJAD.DE tracks Bloomberg US Long Treasury Index. They also come from different issuers: State Street and Amundi. Their fees differ too: 0.15% for SPPX.DE and 0.06% for DJAD.DE.
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