XT01.DE vs. SPP3.DE
XT01.DE (Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C) and SPP3.DE (SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF) are both Government Bonds funds - XT01.DE tracks the FTSE US Treasury Short Duration Index while SPP3.DE tracks the Bloomberg US 3-7 Year Treasury Bond. Both are passively managed. Over the past 5 years, XT01.DE returned 4.31%/yr vs 1.43%/yr for SPP3.DE. Their correlation of 0.81 suggests significant overlap in exposure. XT01.DE charges 0.06%/yr vs 0.15%/yr for SPP3.DE.
Performance
XT01.DE vs. SPP3.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XT01.DE achieves a 2.61% return, which is significantly higher than SPP3.DE's 0.86% return.
XT01.DE
- 1D
- -0.08%
- 1M
- 0.98%
- YTD
- 2.61%
- 6M
- 2.04%
- 1Y
- 2.13%
- 3Y*
- 1.88%
- 5Y*
- 4.31%
- 10Y*
- —
SPP3.DE
- 1D
- 0.03%
- 1M
- 0.59%
- YTD
- 0.86%
- 6M
- 0.21%
- 1Y
- 1.40%
- 3Y*
- 0.87%
- 5Y*
- 1.43%
- 10Y*
- 1.16%
XT01.DE vs. SPP3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XT01.DE Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C | 2.61% | -7.30% | 11.24% | 1.44% | 7.11% | 8.43% | -3.76% |
SPP3.DE SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF | 0.86% | -4.58% | 7.72% | 1.58% | -3.86% | 5.71% | -4.04% |
Correlation
The correlation between XT01.DE and SPP3.DE is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2020 | 0.81 |
The correlation between XT01.DE and SPP3.DE has been stable across timeframes, ranging from 0.80 to 0.86 - a consistent structural relationship.
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Return for Risk
XT01.DE vs. SPP3.DE — Risk / Return Rank
XT01.DE
SPP3.DE
XT01.DE vs. SPP3.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.DE) 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.
| XT01.DE | SPP3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.05 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.63 | 0.34 | +0.28 |
| Martin ratioReturn relative to average drawdown | 1.33 | 0.87 | +0.46 |
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
| XT01.DE | SPP3.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.35 | 0.26 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.18 | +0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.16 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.12 | +0.32 |
Drawdowns
XT01.DE vs. SPP3.DE - Drawdown Comparison
The maximum XT01.DE drawdown since its inception was -11.68%, smaller than the maximum SPP3.DE drawdown of -16.82%. Use the drawdown chart below to compare losses from any high point for XT01.DE and SPP3.DE.
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Drawdown Indicators
| XT01.DE | SPP3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.68% | -16.82% | +5.14% |
Max Drawdown (1Y)Largest decline over 1 year | -3.40% | -4.06% | +0.66% |
Max Drawdown (3Y)Largest decline over 3 years | -11.68% | -9.95% | -1.73% |
Max Drawdown (5Y)Largest decline over 5 years | -11.68% | -11.51% | -0.17% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.82% | — |
Current DrawdownCurrent decline from peak | -7.19% | -6.25% | -0.94% |
Average DrawdownAverage peak-to-trough decline | -4.90% | -6.75% | +1.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 1.61% | -0.01% |
Volatility
XT01.DE vs. SPP3.DE - Volatility Comparison
Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.DE) has a higher volatility of 1.25% compared to SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF (SPP3.DE) at 0.76%. This indicates that XT01.DE's price experiences larger fluctuations and is considered to be riskier than SPP3.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XT01.DE | SPP3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 0.76% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 4.02% | 3.64% | +0.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.04% | 5.29% | +0.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.44% | 7.72% | -0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.26% | 7.35% | -0.09% |
XT01.DE vs. SPP3.DE - Expense Ratio Comparison
XT01.DE has a 0.06% 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
XT01.DE vs. SPP3.DE - Dividend Comparison
XT01.DE 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% |
XT01.DE Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C | 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
XT01.DE and SPP3.DE have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XT01.DE is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XT01.DE is cheaper with a 0.06% expense ratio, compared with 0.15% for SPP3.DE.
XT01.DE tracks FTSE US Treasury Short Duration Index, while SPP3.DE tracks Bloomberg US 3-7 Year Treasury Bond. They also come from different issuers: Xtrackers and State Street. Their fees differ too: 0.06% for XT01.DE and 0.15% for SPP3.DE.
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