VUDP.F vs. SPP3.DE
VUDP.F (Vanguard U.S. Treasury 1-3 Year Bond UCITS ETF EUR Hedged Distributing) and SPP3.DE (SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF) are both Government Bonds funds - VUDP.F tracks the Bloomberg U.S. Treasury 1-3 Year Index Hedged in EUR while SPP3.DE tracks the Bloomberg US 3-7 Year Treasury Bond. Both are passively managed. At a correlation of -0.07, they often move in opposite directions. VUDP.F charges 0.10%/yr vs 0.15%/yr for SPP3.DE.
Performance
VUDP.F vs. SPP3.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VUDP.F achieves a -1.75% return, which is significantly lower than SPP3.DE's 0.86% return.
VUDP.F
- 1D
- 0.10%
- 1M
- -0.50%
- YTD
- -1.75%
- 6M
- -1.80%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPP3.DE
- 1D
- 0.03%
- 1M
- 0.72%
- YTD
- 0.86%
- 6M
- 0.17%
- 1Y
- 1.75%
- 3Y*
- 0.87%
- 5Y*
- 1.43%
- 10Y*
- 1.16%
VUDP.F vs. SPP3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
VUDP.F Vanguard U.S. Treasury 1-3 Year Bond UCITS ETF EUR Hedged Distributing | -1.75% | 1.21% |
SPP3.DE SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF | 0.86% | -1.33% |
Correlation
The correlation between VUDP.F and SPP3.DE is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 7, 2025 | -0.07 |
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Return for Risk
VUDP.F vs. SPP3.DE — Risk / Return Rank
VUDP.F
SPP3.DE
VUDP.F vs. SPP3.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard U.S. Treasury 1-3 Year Bond UCITS ETF EUR Hedged Distributing (VUDP.F) and SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF (SPP3.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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| VUDP.F | SPP3.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.26 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.18 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.16 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.43 | 0.12 | -0.55 |
Drawdowns
VUDP.F vs. SPP3.DE - Drawdown Comparison
The maximum VUDP.F drawdown since its inception was -2.16%, smaller than the maximum SPP3.DE drawdown of -16.82%. Use the drawdown chart below to compare losses from any high point for VUDP.F and SPP3.DE.
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Drawdown Indicators
| VUDP.F | SPP3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.16% | -16.82% | +14.66% |
Max Drawdown (1Y)Largest decline over 1 year | — | -4.06% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -9.95% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -11.51% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.82% | — |
Current DrawdownCurrent decline from peak | -1.97% | -6.25% | +4.28% |
Average DrawdownAverage peak-to-trough decline | -0.82% | -6.75% | +5.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.61% | — |
Volatility
VUDP.F vs. SPP3.DE - Volatility Comparison
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Volatility by Period
| VUDP.F | SPP3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.76% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.64% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.34% | 5.29% | -2.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.34% | 7.72% | -5.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.34% | 7.35% | -5.01% |
VUDP.F vs. SPP3.DE - Expense Ratio Comparison
VUDP.F has a 0.10% expense ratio, which is lower than SPP3.DE's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VUDP.F vs. SPP3.DE - Dividend Comparison
VUDP.F has not paid dividends to shareholders, while SPP3.DE's dividend yield for the trailing twelve months is around 3.91%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
SPP3.DE SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF | 3.91% | 3.96% | 3.14% | 2.90% | 1.13% | 0.93% | 1.80% | 2.12% | 1.59% | 1.48% | 0.44% |
VUDP.F Vanguard U.S. Treasury 1-3 Year Bond UCITS ETF EUR Hedged Distributing | 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
VUDP.F and SPP3.DE have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VUDP.F is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUDP.F is cheaper with a 0.10% expense ratio, compared with 0.15% for SPP3.DE.
VUDP.F tracks Bloomberg U.S. Treasury 1-3 Year Index Hedged in EUR, while SPP3.DE tracks Bloomberg US 3-7 Year Treasury Bond. They also come from different issuers: Vanguard and State Street. Their fees differ too: 0.10% for VUDP.F and 0.15% for SPP3.DE.
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