SPPX.DE vs. SPP7.DE
SPPX.DE (SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF) and SPP7.DE (SPDR Bloomberg 7-10 Year US Treasury Bond UCITS ETF) are both Government Bonds funds from State Street - SPPX.DE tracks the Bloomberg US 10+ Year Treasury Bond while SPP7.DE tracks the Bloomberg US 7-10 Year Treasury Bond. Both are passively managed. Over the past 10 years, SPPX.DE returned -1.29%/yr vs 0.60%/yr for SPP7.DE. Their correlation of 0.86 suggests significant overlap in exposure. Both charge a 0.15% expense ratio.
Performance
SPPX.DE vs. SPP7.DE - Performance Comparison
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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 SPP7.DE's 0.25% return. Over the past 10 years, SPPX.DE has underperformed SPP7.DE with an annualized return of -1.29%, while SPP7.DE has yielded a comparatively higher 0.60% annualized return.
SPPX.DE
- 1D
- 0.30%
- 1M
- 0.95%
- YTD
- 0.87%
- 6M
- -0.15%
- 1Y
- 2.75%
- 3Y*
- -3.23%
- 5Y*
- -4.30%
- 10Y*
- -1.29%
SPP7.DE
- 1D
- 0.01%
- 1M
- 0.53%
- YTD
- 0.25%
- 6M
- -0.29%
- 1Y
- 2.30%
- 3Y*
- -0.11%
- 5Y*
- 0.17%
- 10Y*
- 0.60%
SPPX.DE vs. SPP7.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 | 0.87% | -6.01% | -0.89% | -0.77% | -24.28% | 3.04% | 6.14% | 17.91% | 2.68% | -4.61% |
SPP7.DE SPDR Bloomberg 7-10 Year US Treasury Bond UCITS ETF | 0.25% | -3.30% | 5.21% | 1.24% | -9.75% | 4.98% | -0.10% | 11.45% | 5.07% | -9.83% |
Correlation
The correlation between SPPX.DE and SPP7.DE is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2016 | 0.86 |
The correlation between SPPX.DE and SPP7.DE has been stable across timeframes, ranging from 0.79 to 0.87 - a consistent structural relationship.
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Return for Risk
SPPX.DE vs. SPP7.DE — Risk / Return Rank
SPPX.DE
SPP7.DE
SPPX.DE vs. SPP7.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 SPDR Bloomberg 7-10 Year US Treasury Bond UCITS ETF (SPP7.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 | SPP7.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.06 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.40 | 0.44 | -0.04 |
| Martin ratioReturn relative to average drawdown | 0.87 | 1.13 | -0.27 |
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
| SPPX.DE | SPP7.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.28 | 0.33 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.30 | 0.02 | -0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.09 | 0.07 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | 0.05 | -0.14 |
Drawdowns
SPPX.DE vs. SPP7.DE - Drawdown Comparison
The maximum SPPX.DE drawdown since its inception was -44.56%, which is greater than SPP7.DE's maximum drawdown of -20.31%. Use the drawdown chart below to compare losses from any high point for SPPX.DE and SPP7.DE.
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Drawdown Indicators
| SPPX.DE | SPP7.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.56% | -20.31% | -24.25% |
Max Drawdown (1Y)Largest decline over 1 year | -6.31% | -4.35% | -1.96% |
Max Drawdown (3Y)Largest decline over 3 years | -16.55% | -10.58% | -5.97% |
Max Drawdown (5Y)Largest decline over 5 years | -36.53% | -14.56% | -21.97% |
Max Drawdown (10Y)Largest decline over 10 years | -44.56% | -20.31% | -24.25% |
Current DrawdownCurrent decline from peak | -40.79% | -15.29% | -25.50% |
Average DrawdownAverage peak-to-trough decline | -22.39% | -10.62% | -11.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 1.69% | +1.21% |
Volatility
SPPX.DE vs. SPP7.DE - Volatility Comparison
SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF (SPPX.DE) has a higher volatility of 2.37% compared to SPDR Bloomberg 7-10 Year US Treasury Bond UCITS ETF (SPP7.DE) at 1.06%. This indicates that SPPX.DE's price experiences larger fluctuations and is considered to be riskier than SPP7.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPPX.DE | SPP7.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.37% | 1.06% | +1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 6.11% | 4.11% | +2.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.91% | 5.82% | +3.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.34% | 9.14% | +5.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.51% | 8.49% | +6.02% |
SPPX.DE vs. SPP7.DE - Expense Ratio Comparison
Both SPPX.DE and SPP7.DE have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SPPX.DE vs. SPP7.DE - Dividend Comparison
SPPX.DE's dividend yield for the trailing twelve months is around 4.60%, more than SPP7.DE's 4.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
SPP7.DE SPDR Bloomberg 7-10 Year US Treasury Bond UCITS ETF | 4.07% | 4.20% | 3.47% | 4.07% | 1.66% | 0.97% | 1.69% | 2.33% | 1.98% | 1.99% | 0.70% |
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 SPP7.DE have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SPPX.DE and SPP7.DE have the same expense ratio: 0.15% per year.
SPPX.DE tracks Bloomberg US 10+ Year Treasury Bond, while SPP7.DE tracks Bloomberg US 7-10 Year Treasury Bond.
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