SPPX.DE vs. ELFE.DE

Last updated Jun 5, 2026

SPPX.DE (SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF) and ELFE.DE (Deka US Treasury 7-10 UCITS ETF ) are both Government Bonds funds - SPPX.DE tracks the Bloomberg US 10+ Year Treasury Bond while ELFE.DE tracks the Solactive US Treasury 7-10 Q Series USD. Both are passively managed. Over the past 5 years, SPPX.DE returned -4.30%/yr vs 0.02%/yr for ELFE.DE. Their correlation of 0.84 suggests significant overlap in exposure. SPPX.DE charges 0.15%/yr vs 0.07%/yr for ELFE.DE.

Performance

SPPX.DE vs. ELFE.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 Deka US Treasury 7-10 UCITS ETF (ELFE.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPPX.DE achieves a 0.87% return, which is significantly higher than ELFE.DE's 0.55% 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%

ELFE.DE

• 1D: 0.13%
• 1M: 0.62%
• YTD: 0.55%
• 6M: -0.26%
• 1Y: 1.89%
• 3Y*: -0.01%
• 5Y*: 0.02%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SPPX.DE SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF	0.87%	-6.01%	-0.89%	-0.77%	-24.28%	3.04%	6.14%	-9.30%
ELFE.DE Deka US Treasury 7-10 UCITS ETF	0.55%	-3.68%	5.37%	0.04%	-9.38%	5.11%	-0.09%	-4.86%

Correlation

The correlation between SPPX.DE and ELFE.DE is 0.78, 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	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (All Time) Calculated using the full available price history since Sep 4, 2019	0.84

The correlation between SPPX.DE and ELFE.DE has been stable across timeframes, ranging from 0.78 to 0.85 - a consistent structural relationship.

Return for Risk

SPPX.DE vs. ELFE.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: 13
SPPX.DE Sharpe Ratio Rank: 13
SPPX.DE Sortino Ratio Rank: 12
SPPX.DE Omega Ratio Rank: 12
SPPX.DE Calmar Ratio Rank: 14
SPPX.DE Martin Ratio Rank: 13

ELFE.DE

ELFE.DE Risk / Return Rank: 13
ELFE.DE Sharpe Ratio Rank: 14
ELFE.DE Sortino Ratio Rank: 13
ELFE.DE Omega Ratio Rank: 13
ELFE.DE Calmar Ratio Rank: 14
ELFE.DE Martin Ratio Rank: 14

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. ELFE.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 Deka US Treasury 7-10 UCITS ETF (ELFE.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.DE	ELFE.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.28	0.31	-0.03
Sortino ratio: Return per unit of downside risk	0.46	0.48	-0.02
Omega ratio: Gain probability vs. loss probability	1.05	1.06	0.00
Calmar ratio: Return relative to maximum drawdown	0.40	0.42	-0.02
Martin ratio: Return relative to average drawdown	0.87	1.04	-0.17
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. ELFE.DE - Sharpe Ratio Comparison

The current SPPX.DE Sharpe Ratio is 0.28, which is comparable to the ELFE.DE Sharpe Ratio of 0.31. The chart below compares the historical Sharpe Ratios of SPPX.DE and ELFE.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.

Sharpe Ratios by Period

	SPPX.DE	ELFE.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.28	0.31	-0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.30	0.00	-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	-0.13	+0.04

Drawdowns

SPPX.DE vs. ELFE.DE - Drawdown Comparison

The maximum SPPX.DE drawdown since its inception was -44.56%, which is greater than ELFE.DE's maximum drawdown of -20.67%. Use the drawdown chart below to compare losses from any high point for SPPX.DE and ELFE.DE.

Drawdown Indicators

	SPPX.DE	ELFE.DE	Difference
Max Drawdown Largest peak-to-trough decline	-44.56%	-20.67%	-23.89%
Max Drawdown (1Y) Largest decline over 1 year	-6.31%	-4.53%	-1.78%
Max Drawdown (3Y) Largest decline over 3 years	-16.55%	-10.45%	-6.10%
Max Drawdown (5Y) Largest decline over 5 years	-36.53%	-15.39%	-21.14%
Max Drawdown (10Y) Largest decline over 10 years	-44.56%	—	—
Current Drawdown Current decline from peak	-40.79%	-15.66%	-25.13%
Average Drawdown Average peak-to-trough decline	-22.39%	-12.73%	-9.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.90%	1.81%	+1.09%

Volatility

SPPX.DE vs. ELFE.DE - Volatility Comparison

SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF (SPPX.DE) has a higher volatility of 2.37% compared to Deka US Treasury 7-10 UCITS ETF (ELFE.DE) at 1.17%. This indicates that SPPX.DE's price experiences larger fluctuations and is considered to be riskier than ELFE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPPX.DE	ELFE.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.37%	1.17%	+1.20%
Volatility (6M) Calculated over the trailing 6-month period	6.11%	4.19%	+1.92%
Volatility (1Y) Calculated over the trailing 1-year period	8.91%	6.08%	+2.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.34%	9.00%	+5.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.51%	8.73%	+5.78%

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

SPPX.DE has a 0.15% expense ratio, which is higher than ELFE.DE's 0.07% 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. ELFE.DE - Dividend Comparison

SPPX.DE's dividend yield for the trailing twelve months is around 4.60%, more than ELFE.DE's 4.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
ELFE.DE Deka US Treasury 7-10 UCITS ETF	4.36%	3.84%	2.83%	2.04%	1.74%	2.27%	1.81%	0.24%	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

Can I hold both SPPX.DE and ELFE.DE in my portfolio?

SPPX.DE and ELFE.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPPX.DE or ELFE.DE?

On fees, ELFE.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPPX.DE or ELFE.DE?

ELFE.DE is cheaper with a 0.07% expense ratio, compared with 0.15% for SPPX.DE.

What is the main difference between SPPX.DE and ELFE.DE?

SPPX.DE tracks Bloomberg US 10+ Year Treasury Bond, while ELFE.DE tracks Solactive US Treasury 7-10 Q Series USD. They also come from different issuers: State Street and Deka Investment GmbH. Their fees differ too: 0.15% for SPPX.DE and 0.07% for ELFE.DE.