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SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (SYBM.DE) Diversifiers

ETF · Currency in EUR · Last updated Jun 5, 2026

The ETF aims to replicate the performance of the liquid local currency emerging markets debt market by tracking the Barclays Capital Emerging Markets Local Currency Liquid Government Index. This index restricts country exposure to a maximum of 10% and includes securities with an outstanding amount of at least US$1 billion equivalent.

Looking to diversify beyond SYBM.DE? The ETFs below have the lowest correlation with SYBM.DE — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from SYBM.DE.

Best Diversifiers for SYBM.DE

1 ETFs have low correlation with SYBM.DE (below 0.3), 0 of which are negatively correlated. The least correlated is UBS ETF (LU) J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (EUR Hedged) Dist (SEAD.DE) (Emerging Markets Bonds) with a 1Y correlation of 0.29, roughly unchanged from 0.26 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
SEAD.DE
UBS ETF (LU) J.P. Morgan USD EM Diversified Bond 1...0.290.300.26
54
Emerging Markets BondsSYBM.DE vs SEAD.DE
SEAB.DE
UBS ETF (LU) J.P. Morgan USD EM Diversified Bond 1...0.310.310.26
72
Emerging Markets BondsSYBM.DE vs SEAB.DE
XUEE.DE
Xtrackers II USD Emerging Markets Bond UCITS ETF E...0.350.36—
50
Emerging Markets BondsSYBM.DE vs XUEE.DE
FRCK.DE
UBS ETF (LU) Bloomberg USD Emerging Markets Sovere...0.360.340.28
61
Emerging Markets BondsSYBM.DE vs FRCK.DE
ZPRV.DE
SPDR MSCI USA Small Cap Value Weighted UCITS ETF0.440.380.32
74
Small Cap Value EquitiesSYBM.DE vs ZPRV.DE
See all 19 diversifiers for SYBM.DE

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Diversification Analysis

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