TCC4.DE vs. SPPS.DE

Last updated Jun 5, 2026

TCC4.DE (Amundi Index Euro Corporate SRI UCITS ETF 2 EUR) and SPPS.DE (SPDR Bloomberg SASB 0-3 Year Euro Corporate ESG UCITS ETF Acc) are both European Corporate Bonds funds - TCC4.DE tracks the Bloomberg MSCI Euro Corporate ESG Sustainability SRI while SPPS.DE tracks the Bloomberg SASB Euro Corporate 0-3 year ESG Ex-Controversies Select. Both are passively managed. Over the past 3 years, TCC4.DE returned 4.45%/yr vs 3.72%/yr for SPPS.DE. A 0.58 correlation means they provide meaningful diversification when combined. TCC4.DE charges 0.16%/yr vs 0.12%/yr for SPPS.DE.

Performance

TCC4.DE vs. SPPS.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi Index Euro Corporate SRI UCITS ETF 2 EUR (TCC4.DE) and SPDR Bloomberg SASB 0-3 Year Euro Corporate ESG UCITS ETF Acc (SPPS.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TCC4.DE achieves a 0.56% return, which is significantly lower than SPPS.DE's 0.69% return.

TCC4.DE

• 1D: 0.13%
• 1M: 0.74%
• YTD: 0.56%
• 6M: 0.41%
• 1Y: 1.84%
• 3Y*: 4.45%
• 5Y*: -0.05%
• 10Y*: 0.71%

SPPS.DE

• 1D: -0.02%
• 1M: 0.37%
• YTD: 0.69%
• 6M: 0.76%
• 1Y: 2.01%
• 3Y*: 3.72%
• 5Y*: —
• 10Y*: —

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

TCC4.DE vs. SPPS.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
TCC4.DE Amundi Index Euro Corporate SRI UCITS ETF 2 EUR	0.56%	2.94%	4.15%	7.08%	-5.52%
SPPS.DE SPDR Bloomberg SASB 0-3 Year Euro Corporate ESG UCITS ETF Acc	0.69%	2.96%	4.20%	4.07%	-1.54%

Correlation

The correlation between TCC4.DE and SPPS.DE is 0.52, 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	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (All Time) Calculated using the full available price history since May 5, 2022	0.58

The correlation between TCC4.DE and SPPS.DE has been stable across timeframes, ranging from 0.52 to 0.58 - a consistent structural relationship.

Return for Risk

TCC4.DE vs. SPPS.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TCC4.DE

TCC4.DE Risk / Return Rank: 20
TCC4.DE Sharpe Ratio Rank: 20
TCC4.DE Sortino Ratio Rank: 20
TCC4.DE Omega Ratio Rank: 20
TCC4.DE Calmar Ratio Rank: 18
TCC4.DE Martin Ratio Rank: 21

SPPS.DE

SPPS.DE Risk / Return Rank: 34
SPPS.DE Sharpe Ratio Rank: 29
SPPS.DE Sortino Ratio Rank: 27
SPPS.DE Omega Ratio Rank: 37
SPPS.DE Calmar Ratio Rank: 35
SPPS.DE Martin Ratio Rank: 43

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.

TCC4.DE vs. SPPS.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi Index Euro Corporate SRI UCITS ETF 2 EUR (TCC4.DE) and SPDR Bloomberg SASB 0-3 Year Euro Corporate ESG UCITS ETF Acc (SPPS.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.

	TCC4.DE	SPPS.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.64	1.03	-0.40
Sortino ratio: Return per unit of downside risk	0.98	1.45	-0.46
Omega ratio: Gain probability vs. loss probability	1.12	1.24	-0.12
Calmar ratio: Return relative to maximum drawdown	0.72	1.70	-0.98
Martin ratio: Return relative to average drawdown	2.41	6.89	-4.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TCC4.DE vs. SPPS.DE - Sharpe Ratio Comparison

The current TCC4.DE Sharpe Ratio is 0.64, which is lower than the SPPS.DE Sharpe Ratio of 1.03. The chart below compares the historical Sharpe Ratios of TCC4.DE and SPPS.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

	TCC4.DE	SPPS.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.64	1.03	-0.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.01	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.13	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	1.10	-0.67

Drawdowns

TCC4.DE vs. SPPS.DE - Drawdown Comparison

The maximum TCC4.DE drawdown since its inception was -17.21%, which is greater than SPPS.DE's maximum drawdown of -2.70%. Use the drawdown chart below to compare losses from any high point for TCC4.DE and SPPS.DE.

Drawdown Indicators

	TCC4.DE	SPPS.DE	Difference
Max Drawdown Largest peak-to-trough decline	-17.21%	-2.70%	-14.51%
Max Drawdown (1Y) Largest decline over 1 year	-2.55%	-1.18%	-1.37%
Max Drawdown (3Y) Largest decline over 3 years	-2.55%	-1.18%	-1.37%
Max Drawdown (5Y) Largest decline over 5 years	-17.12%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-17.21%	—	—
Current Drawdown Current decline from peak	-1.72%	-0.23%	-1.49%
Average Drawdown Average peak-to-trough decline	-3.00%	-0.44%	-2.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.76%	0.29%	+0.47%

Volatility

TCC4.DE vs. SPPS.DE - Volatility Comparison

Amundi Index Euro Corporate SRI UCITS ETF 2 EUR (TCC4.DE) and SPDR Bloomberg SASB 0-3 Year Euro Corporate ESG UCITS ETF Acc (SPPS.DE) have volatilities of 1.02% and 1.05%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TCC4.DE	SPPS.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.02%	1.05%	-0.03%
Volatility (6M) Calculated over the trailing 6-month period	2.52%	1.85%	+0.67%
Volatility (1Y) Calculated over the trailing 1-year period	2.88%	1.94%	+0.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.34%	2.26%	+2.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.31%	2.26%	+3.05%

TCC4.DE vs. SPPS.DE - Expense Ratio Comparison

TCC4.DE has a 0.16% expense ratio, which is higher than SPPS.DE's 0.12% 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

TCC4.DE vs. SPPS.DE - Dividend Comparison

Neither TCC4.DE nor SPPS.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both TCC4.DE and SPPS.DE in my portfolio?

TCC4.DE and SPPS.DE have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TCC4.DE or SPPS.DE?

On fees, SPPS.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TCC4.DE or SPPS.DE?

SPPS.DE is cheaper with a 0.12% expense ratio, compared with 0.16% for TCC4.DE.

What is the main difference between TCC4.DE and SPPS.DE?

TCC4.DE tracks Bloomberg MSCI Euro Corporate ESG Sustainability SRI, while SPPS.DE tracks Bloomberg SASB Euro Corporate 0-3 year ESG Ex-Controversies Select. They also come from different issuers: Amundi and State Street. Their fees differ too: 0.16% for TCC4.DE and 0.12% for SPPS.DE.