2B7S.DE vs. SYB5.DE
2B7S.DE (iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc) and SYB5.DE (State Street SPDR Bloomberg 1-5 Year Gilt UCITS ETF (Dist)) are both Government Bonds funds - 2B7S.DE tracks the ICE US Treasury 1-3 Year (EUR Hedged) Index while SYB5.DE tracks the Bloomberg Sterling 1-5 Year Aggregate Gilts Bond Index. Both are passively managed. Over the past 5 years, 2B7S.DE returned 0.04%/yr vs 1.12%/yr for SYB5.DE. At a 0.25 correlation, their price movements are largely independent. 2B7S.DE charges 0.10%/yr vs 0.15%/yr for SYB5.DE.
Performance
2B7S.DE vs. SYB5.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 2B7S.DE achieves a -0.20% return, which is significantly lower than SYB5.DE's 3.56% return.
2B7S.DE
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- -0.20%
- YTD
- -0.20%
- 1Y
- 1.40%
- 3Y*
- 2.34%
- 5Y*
- 0.04%
- 10Y*
- —
SYB5.DE
- 1D
- 0.86%
- 1M
- 1.86%
- 6M
- 2.51%
- YTD
- 3.56%
- 1Y
- 4.93%
- 3Y*
- 4.85%
- 5Y*
- 1.12%
- 10Y*
- 0.47%
2B7S.DE vs. SYB5.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
2B7S.DE iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc | -0.20% | 3.04% | 2.49% | 1.90% | -5.78% | -1.18% |
SYB5.DE State Street SPDR Bloomberg 1-5 Year Gilt UCITS ETF (Dist) | 3.56% | 0.33% | 6.69% | 5.72% | -10.68% | 0.33% |
Correlation
The correlation between 2B7S.DE and SYB5.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 (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2021 | 0.25 |
The correlation between 2B7S.DE and SYB5.DE shifts across timeframes, from 0.07 (1 year) to 0.26 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
2B7S.DE vs. SYB5.DE — Risk / Return Rank
2B7S.DE
SYB5.DE
2B7S.DE vs. SYB5.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc (2B7S.DE) and State Street SPDR Bloomberg 1-5 Year Gilt UCITS ETF (Dist) (SYB5.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.
| 2B7S.DE | SYB5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.20 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.42 | 2.43 | -1.01 |
| Martin ratioReturn relative to average drawdown | 3.37 | 6.39 | -3.02 |
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Drawdowns
2B7S.DE vs. SYB5.DE - Drawdown Comparison
The maximum 2B7S.DE drawdown since its inception was -7.68%, smaller than the maximum SYB5.DE drawdown of -26.72%. Use the drawdown chart below to compare losses from any high point for 2B7S.DE and SYB5.DE.
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Drawdown Indicators
| 2B7S.DE | SYB5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.68% | -26.72% | +19.04% |
Max Drawdown (1Y)Largest decline over 1 year | -0.98% | -2.02% | +1.04% |
Max Drawdown (3Y)Largest decline over 3 years | -1.03% | -4.43% | +3.40% |
Max Drawdown (5Y)Largest decline over 5 years | -7.50% | -15.56% | +8.06% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.19% | — |
Current DrawdownCurrent decline from peak | -0.59% | -9.88% | +9.29% |
Average DrawdownAverage peak-to-trough decline | -3.24% | -13.58% | +10.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.41% | 0.77% | -0.36% |
Volatility
2B7S.DE vs. SYB5.DE - Volatility Comparison
The current volatility for iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc (2B7S.DE) is 0.57%, while State Street SPDR Bloomberg 1-5 Year Gilt UCITS ETF (Dist) (SYB5.DE) has a volatility of 1.36%. This indicates that 2B7S.DE experiences smaller price fluctuations and is considered to be less risky than SYB5.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 2B7S.DE | SYB5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.57% | 1.36% | -0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 1.98% | 3.50% | -1.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.52% | 4.56% | -2.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.51% | 6.29% | -3.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.45% | 6.93% | -4.48% |
2B7S.DE vs. SYB5.DE - Expense Ratio Comparison
2B7S.DE has a 0.10% expense ratio, which is lower than SYB5.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
2B7S.DE vs. SYB5.DE - Dividend Comparison
2B7S.DE has not paid dividends to shareholders, while SYB5.DE's dividend yield for the trailing twelve months is around 3.54%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
2B7S.DE iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SYB5.DE State Street SPDR Bloomberg 1-5 Year Gilt UCITS ETF (Dist) | 3.54% | 3.52% | 2.66% | 1.30% | 0.19% | 0.12% | 0.48% | 0.57% | 0.40% | 0.54% | 0.94% | 0.99% |
Frequently Asked Questions
2B7S.DE and SYB5.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, 2B7S.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
2B7S.DE is cheaper with a 0.10% expense ratio, compared with 0.15% for SYB5.DE.
2B7S.DE tracks ICE US Treasury 1-3 Year (EUR Hedged) Index, while SYB5.DE tracks Bloomberg Sterling 1-5 Year Aggregate Gilts Bond Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.10% for 2B7S.DE and 0.15% for SYB5.DE.
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