SPPX.DE vs. SPPY.DE
SPPX.DE (SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF) and SPPY.DE (State Street SPDR S&P 500 Leaders UCITS ETF) are both exchange-traded funds - SPPX.DE is a Government Bonds fund tracking the Bloomberg US 10+ Year Treasury Bond, while SPPY.DE is a S&P 500 fund tracking the S&P 500 Scored & Screened Leaders Index. Both are passively managed. Over the past 5 years, SPPX.DE returned -4.30%/yr vs 15.63%/yr for SPPY.DE. At a correlation of -0.05, they often move in opposite directions. SPPX.DE charges 0.15%/yr vs 0.10%/yr for SPPY.DE.
Performance
SPPX.DE vs. SPPY.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 lower than SPPY.DE's 11.08% 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%
SPPY.DE
- 1D
- 0.58%
- 1M
- 5.11%
- YTD
- 11.08%
- 6M
- 11.71%
- 1Y
- 28.37%
- 3Y*
- 18.87%
- 5Y*
- 15.63%
- 10Y*
- —
SPPX.DE vs. SPPY.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% | -4.61% |
SPPY.DE State Street SPDR S&P 500 Leaders UCITS ETF | 11.08% | 4.44% | 32.87% | 26.92% | -14.47% | 41.09% | 8.04% | 4.57% |
Correlation
The correlation between SPPX.DE and SPPY.DE is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2019 | -0.05 |
The correlation between SPPX.DE and SPPY.DE shifts across timeframes, from -0.05 (all time) to 0.18 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SPPX.DE vs. SPPY.DE — Risk / Return Rank
SPPX.DE
SPPY.DE
SPPX.DE vs. SPPY.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 State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.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 | SPPY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.15 | ||
| Sortino ratioReturn per unit of downside risk | -2.86 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.44 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | 0.40 | 4.21 | -3.81 |
| Martin ratioReturn relative to average drawdown | 0.87 | 16.03 | -15.16 |
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 | SPPY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.28 | 2.43 | -2.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.30 | 1.00 | -1.30 |
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 | 0.92 | -1.01 |
Drawdowns
SPPX.DE vs. SPPY.DE - Drawdown Comparison
The maximum SPPX.DE drawdown since its inception was -44.56%, which is greater than SPPY.DE's maximum drawdown of -33.31%. Use the drawdown chart below to compare losses from any high point for SPPX.DE and SPPY.DE.
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Drawdown Indicators
| SPPX.DE | SPPY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.56% | -33.31% | -11.25% |
Max Drawdown (1Y)Largest decline over 1 year | -6.31% | -6.71% | +0.40% |
Max Drawdown (3Y)Largest decline over 3 years | -16.55% | -23.82% | +7.27% |
Max Drawdown (5Y)Largest decline over 5 years | -36.53% | -23.82% | -12.71% |
Max Drawdown (10Y)Largest decline over 10 years | -44.56% | — | — |
Current DrawdownCurrent decline from peak | -40.79% | 0.00% | -40.79% |
Average DrawdownAverage peak-to-trough decline | -22.39% | -4.84% | -17.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 1.77% | +1.13% |
Volatility
SPPX.DE vs. SPPY.DE - Volatility Comparison
The current volatility for SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF (SPPX.DE) is 2.37%, while State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.DE) has a volatility of 2.69%. This indicates that SPPX.DE experiences smaller price fluctuations and is considered to be less risky than SPPY.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 | SPPY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.37% | 2.69% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 6.11% | 7.79% | -1.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.91% | 11.62% | -2.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.34% | 15.43% | -1.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.51% | 17.57% | -3.06% |
SPPX.DE vs. SPPY.DE - Expense Ratio Comparison
SPPX.DE has a 0.15% expense ratio, which is higher than SPPY.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. SPPY.DE - Dividend Comparison
SPPX.DE's dividend yield for the trailing twelve months is around 4.60%, while SPPY.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPPY.DE State Street SPDR S&P 500 Leaders UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPPX.DE and SPPY.DE have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPPY.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPPY.DE is cheaper with a 0.10% expense ratio, compared with 0.15% for SPPX.DE.
SPPX.DE is categorized as Government Bonds, while SPPY.DE is S&P 500. SPPX.DE tracks Bloomberg US 10+ Year Treasury Bond, while SPPY.DE tracks S&P 500 Scored & Screened Leaders Index. Their fees differ too: 0.15% for SPPX.DE and 0.10% for SPPY.DE.
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