SPPX.DE vs. VGTY.DE
SPPX.DE (SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF) and VGTY.DE (Vanguard USD Treasury Bond UCITS ETF Distributing) are both Government Bonds funds - SPPX.DE tracks the Bloomberg US 10+ Year Treasury Bond while VGTY.DE tracks the Bloomberg Global Aggregate US Treasury Float Adjusted Index. Both are passively managed. Over the past 5 years, SPPX.DE returned -4.30%/yr vs 0.20%/yr for VGTY.DE. Their correlation of 0.81 suggests significant overlap in exposure. SPPX.DE charges 0.15%/yr vs 0.05%/yr for VGTY.DE.
Performance
SPPX.DE vs. VGTY.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 VGTY.DE's 0.80% 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%
VGTY.DE
- 1D
- 0.08%
- 1M
- 0.76%
- YTD
- 0.80%
- 6M
- 0.01%
- 1Y
- 1.03%
- 3Y*
- -0.33%
- 5Y*
- 0.20%
- 10Y*
- —
SPPX.DE vs. VGTY.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% | 0.90% |
VGTY.DE Vanguard USD Treasury Bond UCITS ETF Distributing | 0.80% | -5.99% | 6.16% | 0.04% | -6.98% | 5.64% | -2.09% | 9.36% | 5.00% | -2.11% |
Correlation
The correlation between SPPX.DE and VGTY.DE is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 0.81 |
The correlation between SPPX.DE and VGTY.DE has been stable across timeframes, ranging from 0.73 to 0.81 - a consistent structural relationship.
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Return for Risk
SPPX.DE vs. VGTY.DE — Risk / Return Rank
SPPX.DE
VGTY.DE
SPPX.DE vs. VGTY.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 Vanguard USD Treasury Bond UCITS ETF Distributing (VGTY.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 | VGTY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.04 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.40 | 0.25 | +0.15 |
| Martin ratioReturn relative to average drawdown | 0.87 | 0.62 | +0.25 |
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 | VGTY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.28 | 0.19 | +0.09 |
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 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | 0.13 | -0.22 |
Drawdowns
SPPX.DE vs. VGTY.DE - Drawdown Comparison
The maximum SPPX.DE drawdown since its inception was -44.56%, which is greater than VGTY.DE's maximum drawdown of -17.97%. Use the drawdown chart below to compare losses from any high point for SPPX.DE and VGTY.DE.
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Drawdown Indicators
| SPPX.DE | VGTY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.56% | -17.97% | -26.59% |
Max Drawdown (1Y)Largest decline over 1 year | -6.31% | -4.08% | -2.23% |
Max Drawdown (3Y)Largest decline over 3 years | -16.55% | -11.23% | -5.32% |
Max Drawdown (5Y)Largest decline over 5 years | -36.53% | -13.16% | -23.37% |
Max Drawdown (10Y)Largest decline over 10 years | -44.56% | — | — |
Current DrawdownCurrent decline from peak | -40.79% | -14.45% | -26.34% |
Average DrawdownAverage peak-to-trough decline | -22.39% | -9.48% | -12.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 1.67% | +1.23% |
Volatility
SPPX.DE vs. VGTY.DE - Volatility Comparison
SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF (SPPX.DE) has a higher volatility of 2.37% compared to Vanguard USD Treasury Bond UCITS ETF Distributing (VGTY.DE) at 0.85%. This indicates that SPPX.DE's price experiences larger fluctuations and is considered to be riskier than VGTY.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 | VGTY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.37% | 0.85% | +1.52% |
Volatility (6M)Calculated over the trailing 6-month period | 6.11% | 3.73% | +2.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.91% | 5.44% | +3.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.34% | 7.99% | +6.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.51% | 7.63% | +6.88% |
SPPX.DE vs. VGTY.DE - Expense Ratio Comparison
SPPX.DE has a 0.15% expense ratio, which is higher than VGTY.DE's 0.05% 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. VGTY.DE - Dividend Comparison
SPPX.DE's dividend yield for the trailing twelve months is around 4.60%, more than VGTY.DE's 3.65% yield.
| 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% |
VGTY.DE Vanguard USD Treasury Bond UCITS ETF Distributing | 3.65% | 3.99% | 3.65% | 3.21% | 2.05% | 0.99% | 1.48% | 2.10% | 1.94% | 0.26% | 0.00% |
Frequently Asked Questions
SPPX.DE and VGTY.DE have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGTY.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGTY.DE is cheaper with a 0.05% expense ratio, compared with 0.15% for SPPX.DE.
SPPX.DE tracks Bloomberg US 10+ Year Treasury Bond, while VGTY.DE tracks Bloomberg Global Aggregate US Treasury Float Adjusted Index. They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.15% for SPPX.DE and 0.05% for VGTY.DE.
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