XUTD.DE vs. SPP3.DE
XUTD.DE (Xtrackers II US Treasuries UCITS ETF 1D) and SPP3.DE (SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF) are both Government Bonds funds - XUTD.DE tracks the iBoxx USD Treasuries Index while SPP3.DE tracks the Bloomberg US 3-7 Year Treasury Bond. Both are passively managed. Over the past 10 years, XUTD.DE returned 0.68%/yr vs 1.16%/yr for SPP3.DE. Their correlation of 0.94 suggests significant overlap in exposure. XUTD.DE charges 0.06%/yr vs 0.15%/yr for SPP3.DE.
Performance
XUTD.DE vs. SPP3.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XUTD.DE achieves a 1.08% return, which is significantly higher than SPP3.DE's 0.86% return. Over the past 10 years, XUTD.DE has underperformed SPP3.DE with an annualized return of 0.68%, while SPP3.DE has yielded a comparatively higher 1.16% annualized return.
XUTD.DE
- 1D
- 0.08%
- 1M
- 0.88%
- YTD
- 1.08%
- 6M
- 0.34%
- 1Y
- 1.80%
- 3Y*
- 0.11%
- 5Y*
- 0.47%
- 10Y*
- 0.68%
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%
XUTD.DE vs. SPP3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XUTD.DE Xtrackers II US Treasuries UCITS ETF 1D | 1.08% | -5.37% | 6.37% | 0.41% | -7.33% | 5.70% | -1.66% | 9.76% | 5.24% | -9.99% |
SPP3.DE SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF | 0.86% | -4.58% | 7.72% | 1.58% | -3.86% | 5.71% | -2.64% | 7.91% | 5.84% | -11.29% |
Correlation
The correlation between XUTD.DE and SPP3.DE is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2016 | 0.94 |
The correlation between XUTD.DE and SPP3.DE has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
XUTD.DE vs. SPP3.DE — Risk / Return Rank
XUTD.DE
SPP3.DE
XUTD.DE vs. SPP3.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II US Treasuries UCITS ETF 1D (XUTD.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.
| XUTD.DE | SPP3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.05 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.46 | 0.34 | +0.11 |
| Martin ratioReturn relative to average drawdown | 1.12 | 0.87 | +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
| XUTD.DE | SPP3.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.32 | 0.26 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | 0.18 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.08 | 0.16 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.12 | -0.07 |
Drawdowns
XUTD.DE vs. SPP3.DE - Drawdown Comparison
The maximum XUTD.DE drawdown since its inception was -18.01%, which is greater than SPP3.DE's maximum drawdown of -16.82%. Use the drawdown chart below to compare losses from any high point for XUTD.DE and SPP3.DE.
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Drawdown Indicators
| XUTD.DE | SPP3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.01% | -16.82% | -1.19% |
Max Drawdown (1Y)Largest decline over 1 year | -3.92% | -4.06% | +0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -11.06% | -9.95% | -1.11% |
Max Drawdown (5Y)Largest decline over 5 years | -13.06% | -11.51% | -1.55% |
Max Drawdown (10Y)Largest decline over 10 years | -18.01% | -16.82% | -1.19% |
Current DrawdownCurrent decline from peak | -13.39% | -6.25% | -7.14% |
Average DrawdownAverage peak-to-trough decline | -9.35% | -6.75% | -2.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 1.61% | -0.01% |
Volatility
XUTD.DE vs. SPP3.DE - Volatility Comparison
Xtrackers II US Treasuries UCITS ETF 1D (XUTD.DE) has a higher volatility of 0.92% compared to SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF (SPP3.DE) at 0.76%. This indicates that XUTD.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
| XUTD.DE | SPP3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.92% | 0.76% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 3.82% | 3.64% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.56% | 5.29% | +0.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.15% | 7.72% | +0.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.94% | 7.35% | +0.59% |
XUTD.DE vs. SPP3.DE - Expense Ratio Comparison
XUTD.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
XUTD.DE vs. SPP3.DE - Dividend Comparison
XUTD.DE's dividend yield for the trailing twelve months is around 3.47%, less than SPP3.DE's 3.91% yield.
| 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% |
XUTD.DE Xtrackers II US Treasuries UCITS ETF 1D | 3.47% | 3.43% | 3.53% | 2.45% | 1.97% | 3.26% | 1.18% | 1.46% | 1.26% | 1.51% | 1.97% |
Frequently Asked Questions
With a correlation of 0.96, XUTD.DE and SPP3.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, XUTD.DE is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUTD.DE is cheaper with a 0.06% expense ratio, compared with 0.15% for SPP3.DE.
XUTD.DE tracks iBoxx USD Treasuries 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 XUTD.DE and 0.15% for SPP3.DE.
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