XZE5.DE vs. SPPS.DE

Last updated Jul 18, 2026

XZE5.DE (Xtrackers II EUR Corporate Bond Short Duration SRI PAB UCITS ETF 1C) and SPPS.DE (SPDR Bloomberg SASB 0-3 Year Euro Corporate ESG UCITS ETF Acc) are both European Corporate Bonds funds - XZE5.DE tracks the Bloomberg Euro Corp TR EUR 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, XZE5.DE returned 3.81%/yr vs 3.66%/yr for SPPS.DE. A 0.56 correlation means they provide meaningful diversification when combined. XZE5.DE charges 0.16%/yr vs 0.12%/yr for SPPS.DE.

Performance

XZE5.DE vs. SPPS.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers II EUR Corporate Bond Short Duration SRI PAB UCITS ETF 1C (XZE5.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, XZE5.DE achieves a 0.55% return, which is significantly lower than SPPS.DE's 1.09% return.

XZE5.DE

• 1D: 0.00%
• 1M: -0.08%
• 6M: 0.29%
• YTD: 0.55%
• 1Y: 1.35%
• 3Y*: 3.81%
• 5Y*: 1.06%
• 10Y*: —

SPPS.DE

• 1D: 0.00%
• 1M: 0.25%
• 6M: 0.79%
• YTD: 1.09%
• 1Y: 1.99%
• 3Y*: 3.66%
• 5Y*: —
• 10Y*: —

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

XZE5.DE vs. SPPS.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
XZE5.DE Xtrackers II EUR Corporate Bond Short Duration SRI PAB UCITS ETF 1C	0.55%	3.08%	4.10%	5.27%	-3.26%
SPPS.DE SPDR Bloomberg SASB 0-3 Year Euro Corporate ESG UCITS ETF Acc	1.09%	2.96%	4.20%	4.07%	-1.49%

Correlation

The correlation between XZE5.DE and SPPS.DE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (All Time) Calculated using the full available price history since May 3, 2022	0.56

The correlation between XZE5.DE and SPPS.DE shifts across timeframes, from 0.44 (1 year) to 0.56 (all time), reflecting how their relationship changes across market environments.

Return for Risk

XZE5.DE vs. SPPS.DE — Risk / Return Rank

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

XZE5.DE

XZE5.DE Risk / Return Rank: 23
XZE5.DE Sharpe Ratio Rank: 23
XZE5.DE Sortino Ratio Rank: 22
XZE5.DE Omega Ratio Rank: 21
XZE5.DE Calmar Ratio Rank: 22
XZE5.DE Martin Ratio Rank: 27

SPPS.DE

SPPS.DE Risk / Return Rank: 39
SPPS.DE Sharpe Ratio Rank: 33
SPPS.DE Sortino Ratio Rank: 30
SPPS.DE Omega Ratio Rank: 40
SPPS.DE Calmar Ratio Rank: 41
SPPS.DE Martin Ratio Rank: 50

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.

XZE5.DE vs. SPPS.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers II EUR Corporate Bond Short Duration SRI PAB UCITS ETF 1C (XZE5.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	XZE5.DE	SPPS.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.63	0.94	-0.31
Sortino ratio: Return per unit of downside risk	0.95	1.32	-0.37
Omega ratio: Gain probability vs. loss probability	1.12	1.21	-0.10
Calmar ratio: Return relative to maximum drawdown	0.76	1.65	-0.89
Martin ratio: Return relative to average drawdown	2.67	6.49	-3.82

XZE5.DE vs. SPPS.DE - Sharpe Ratio Comparison

The current XZE5.DE Sharpe Ratio is 0.63, which is lower than the SPPS.DE Sharpe Ratio of 0.94. The chart below compares the historical Sharpe Ratios of XZE5.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.

Drawdowns

XZE5.DE vs. SPPS.DE - Drawdown Comparison

The maximum XZE5.DE drawdown since its inception was -8.73%, 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 XZE5.DE and SPPS.DE.

Drawdown Indicators

	XZE5.DE	SPPS.DE	Difference
Max Drawdown Largest peak-to-trough decline	-8.73%	-2.70%	-6.03%
Max Drawdown (1Y) Largest decline over 1 year	-1.66%	-1.18%	-0.48%
Max Drawdown (3Y) Largest decline over 3 years	-1.66%	-1.18%	-0.48%
Max Drawdown (5Y) Largest decline over 5 years	-8.73%	—	—
Current Drawdown Current decline from peak	-0.49%	-0.10%	-0.39%
Average Drawdown Average peak-to-trough decline	-2.26%	-0.44%	-1.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.47%	0.30%	+0.17%

Volatility

XZE5.DE vs. SPPS.DE - Volatility Comparison

Xtrackers II EUR Corporate Bond Short Duration SRI PAB UCITS ETF 1C (XZE5.DE) has a higher volatility of 0.56% compared to SPDR Bloomberg SASB 0-3 Year Euro Corporate ESG UCITS ETF Acc (SPPS.DE) at 0.51%. This indicates that XZE5.DE's price experiences larger fluctuations and is considered to be riskier than SPPS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XZE5.DE	SPPS.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.56%	0.51%	+0.05%
Volatility (6M) Calculated over the trailing 6-month period	1.73%	1.99%	-0.26%
Volatility (1Y) Calculated over the trailing 1-year period	1.99%	2.08%	-0.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.56%	2.26%	+0.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.38%	2.26%	+0.12%

XZE5.DE vs. SPPS.DE - Expense Ratio Comparison

XZE5.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

XZE5.DE vs. SPPS.DE - Dividend Comparison

Neither XZE5.DE nor SPPS.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XZE5.DE and SPPS.DE in my portfolio?

XZE5.DE and SPPS.DE have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XZE5.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, XZE5.DE or SPPS.DE?

SPPS.DE is cheaper with a 0.12% expense ratio, compared with 0.16% for XZE5.DE.

What is the main difference between XZE5.DE and SPPS.DE?

XZE5.DE tracks Bloomberg Euro Corp TR EUR, while SPPS.DE tracks Bloomberg SASB Euro Corporate 0-3 year ESG Ex-Controversies Select. They also come from different issuers: Xtrackers and State Street. Their fees differ too: 0.16% for XZE5.DE and 0.12% for SPPS.DE.