CBUS.DE vs. SYB3.DE
CBUS.DE (iShares Core UK Gilts UCITS ETF (EUR Hedged) Dist) and SYB3.DE (SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF) are both European Government Bonds funds - CBUS.DE tracks the FTSE Actuaries UK Conventional Gilts All Stocks (EUR Hedged) while SYB3.DE tracks the Bloomberg Euro 1-3 Year Treasury Bond. Both are passively managed. Over the past 3 years, CBUS.DE returned 0.65%/yr vs 2.60%/yr for SYB3.DE. A 0.59 correlation means they provide meaningful diversification when combined. CBUS.DE charges 0.09%/yr vs 0.15%/yr for SYB3.DE.
Performance
CBUS.DE vs. SYB3.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CBUS.DE achieves a -1.94% return, which is significantly lower than SYB3.DE's 0.06% return.
CBUS.DE
- 1D
- 0.20%
- 1M
- 0.46%
- YTD
- -1.94%
- 6M
- -1.87%
- 1Y
- 0.16%
- 3Y*
- 0.65%
- 5Y*
- —
- 10Y*
- —
SYB3.DE
- 1D
- 0.04%
- 1M
- 0.02%
- YTD
- 0.06%
- 6M
- 0.22%
- 1Y
- 0.91%
- 3Y*
- 2.60%
- 5Y*
- 0.59%
- 10Y*
- 0.18%
CBUS.DE vs. SYB3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CBUS.DE iShares Core UK Gilts UCITS ETF (EUR Hedged) Dist | -1.94% | 3.15% | -5.02% | 2.14% | 5.57% |
SYB3.DE SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF | 0.06% | 2.26% | 2.98% | 3.26% | -0.54% |
Correlation
The correlation between CBUS.DE and SYB3.DE is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2022 | 0.59 |
The correlation between CBUS.DE and SYB3.DE has been stable across timeframes, ranging from 0.54 to 0.59 - a consistent structural relationship.
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Return for Risk
CBUS.DE vs. SYB3.DE — Risk / Return Rank
CBUS.DE
SYB3.DE
CBUS.DE vs. SYB3.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core UK Gilts UCITS ETF (EUR Hedged) Dist (CBUS.DE) and SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF (SYB3.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.
| CBUS.DE | SYB3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.11 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.02 | 0.60 | -0.58 |
| Martin ratioReturn relative to average drawdown | 0.04 | 1.86 | -1.82 |
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
| CBUS.DE | SYB3.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.01 | 0.57 | -0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.35 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.12 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.56 | -0.44 |
Drawdowns
CBUS.DE vs. SYB3.DE - Drawdown Comparison
The maximum CBUS.DE drawdown since its inception was -12.79%, which is greater than SYB3.DE's maximum drawdown of -7.13%. Use the drawdown chart below to compare losses from any high point for CBUS.DE and SYB3.DE.
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Drawdown Indicators
| CBUS.DE | SYB3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.79% | -7.13% | -5.66% |
Max Drawdown (1Y)Largest decline over 1 year | -5.66% | -1.28% | -4.38% |
Max Drawdown (3Y)Largest decline over 3 years | -7.48% | -1.28% | -6.20% |
Max Drawdown (5Y)Largest decline over 5 years | — | -5.99% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -7.13% | — |
Current DrawdownCurrent decline from peak | -7.94% | -0.55% | -7.39% |
Average DrawdownAverage peak-to-trough decline | -7.22% | -1.39% | -5.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.18% | 0.41% | +1.77% |
Volatility
CBUS.DE vs. SYB3.DE - Volatility Comparison
iShares Core UK Gilts UCITS ETF (EUR Hedged) Dist (CBUS.DE) has a higher volatility of 2.39% compared to SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF (SYB3.DE) at 0.52%. This indicates that CBUS.DE's price experiences larger fluctuations and is considered to be riskier than SYB3.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBUS.DE | SYB3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.39% | 0.52% | +1.87% |
Volatility (6M)Calculated over the trailing 6-month period | 4.93% | 1.19% | +3.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.13% | 1.34% | +4.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.34% | 1.67% | +6.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.34% | 1.48% | +6.86% |
CBUS.DE vs. SYB3.DE - Expense Ratio Comparison
CBUS.DE has a 0.09% expense ratio, which is lower than SYB3.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
CBUS.DE vs. SYB3.DE - Dividend Comparison
CBUS.DE's dividend yield for the trailing twelve months is around 4.52%, more than SYB3.DE's 2.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBUS.DE iShares Core UK Gilts UCITS ETF (EUR Hedged) Dist | 4.52% | 4.23% | 3.74% | 2.40% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SYB3.DE SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF | 2.28% | 1.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.04% | 0.34% |
Frequently Asked Questions
CBUS.DE and SYB3.DE have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CBUS.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CBUS.DE is cheaper with a 0.09% expense ratio, compared with 0.15% for SYB3.DE.
CBUS.DE tracks FTSE Actuaries UK Conventional Gilts All Stocks (EUR Hedged), while SYB3.DE tracks Bloomberg Euro 1-3 Year Treasury Bond. They also come from different issuers: iShares and State Street. Their fees differ too: 0.09% for CBUS.DE and 0.15% for SYB3.DE.
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