SPPX.DE vs. SPYY.DE
SPPX.DE (SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF) and SPYY.DE (SPDR MSCI ACWI UCITS ETF) are both exchange-traded funds - SPPX.DE is a Government Bonds fund tracking the Bloomberg US 10+ Year Treasury Bond, while SPYY.DE is a Global Equities fund tracking the MSCI All Country World (ACWI). Both are passively managed. Over the past 10 years, SPPX.DE returned -1.29%/yr vs 12.40%/yr for SPYY.DE. At a correlation of -0.04, they often move in opposite directions. SPPX.DE charges 0.15%/yr vs 0.40%/yr for SPYY.DE.
Performance
SPPX.DE vs. SPYY.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 SPYY.DE's 12.54% return. Over the past 10 years, SPPX.DE has underperformed SPYY.DE with an annualized return of -1.29%, while SPYY.DE has yielded a comparatively higher 12.40% annualized 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%
SPYY.DE
- 1D
- -0.21%
- 1M
- 4.97%
- YTD
- 12.54%
- 6M
- 13.23%
- 1Y
- 26.75%
- 3Y*
- 17.99%
- 5Y*
- 12.35%
- 10Y*
- 12.40%
SPPX.DE vs. SPYY.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% |
SPYY.DE SPDR MSCI ACWI UCITS ETF | 12.54% | 9.46% | 24.56% | 18.22% | -13.82% | 29.11% | 5.12% | 30.21% | -6.02% | 8.80% |
Correlation
The correlation between SPPX.DE and SPYY.DE is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2016 | -0.04 |
The correlation between SPPX.DE and SPYY.DE shifts across timeframes, from -0.04 (10 years) to 0.19 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SPPX.DE vs. SPYY.DE — Risk / Return Rank
SPPX.DE
SPYY.DE
SPPX.DE vs. SPYY.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 MSCI ACWI UCITS ETF (SPYY.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 | SPYY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.04 | ||
| Sortino ratioReturn per unit of downside risk | -2.78 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.44 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | 0.40 | 4.10 | -3.70 |
| Martin ratioReturn relative to average drawdown | 0.87 | 16.60 | -15.74 |
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 | SPYY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.28 | 2.32 | -2.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.30 | 0.88 | -1.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.09 | 0.82 | -0.91 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | 0.83 | -0.91 |
Drawdowns
SPPX.DE vs. SPYY.DE - Drawdown Comparison
The maximum SPPX.DE drawdown since its inception was -44.56%, which is greater than SPYY.DE's maximum drawdown of -33.49%. Use the drawdown chart below to compare losses from any high point for SPPX.DE and SPYY.DE.
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Drawdown Indicators
| SPPX.DE | SPYY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.56% | -33.49% | -11.07% |
Max Drawdown (1Y)Largest decline over 1 year | -6.31% | -6.49% | +0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -16.55% | -21.27% | +4.72% |
Max Drawdown (5Y)Largest decline over 5 years | -36.53% | -21.27% | -15.26% |
Max Drawdown (10Y)Largest decline over 10 years | -44.56% | -33.49% | -11.07% |
Current DrawdownCurrent decline from peak | -40.79% | -0.61% | -40.18% |
Average DrawdownAverage peak-to-trough decline | -22.39% | -4.39% | -18.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 1.61% | +1.29% |
Volatility
SPPX.DE vs. SPYY.DE - Volatility Comparison
The current volatility for SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF (SPPX.DE) is 2.37%, while SPDR MSCI ACWI UCITS ETF (SPYY.DE) has a volatility of 3.05%. This indicates that SPPX.DE experiences smaller price fluctuations and is considered to be less risky than SPYY.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 | SPYY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.37% | 3.05% | -0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 6.11% | 8.21% | -2.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.91% | 11.47% | -2.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.34% | 13.90% | +0.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.51% | 15.07% | -0.56% |
SPPX.DE vs. SPYY.DE - Expense Ratio Comparison
SPPX.DE has a 0.15% expense ratio, which is lower than SPYY.DE's 0.40% expense ratio.
Dividends
SPPX.DE vs. SPYY.DE - Dividend Comparison
SPPX.DE's dividend yield for the trailing twelve months is around 4.60%, while SPYY.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% |
SPYY.DE SPDR MSCI ACWI 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 SPYY.DE have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPPX.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPPX.DE is cheaper with a 0.15% expense ratio, compared with 0.40% for SPYY.DE.
SPPX.DE is categorized as Government Bonds, while SPYY.DE is Global Equities. SPPX.DE tracks Bloomberg US 10+ Year Treasury Bond, while SPYY.DE tracks MSCI All Country World (ACWI). Their fees differ too: 0.15% for SPPX.DE and 0.40% for SPYY.DE.
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