CBUS.DE vs. SYBG.DE
CBUS.DE (iShares Core UK Gilts UCITS ETF (EUR Hedged) Dist) and SYBG.DE (SPDR Bloomberg UK Gilt UCITS ETF) are both European Government Bonds funds - CBUS.DE tracks the FTSE Actuaries UK Conventional Gilts All Stocks (EUR Hedged) while SYBG.DE tracks the Bloomberg UK Gilt. Both are passively managed. Over the past 3 years, CBUS.DE returned 1.18%/yr vs 2.55%/yr for SYBG.DE. Their correlation of 0.82 suggests significant overlap in exposure. CBUS.DE charges 0.09%/yr vs 0.15%/yr for SYBG.DE.
Performance
CBUS.DE vs. SYBG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CBUS.DE achieves a -0.38% return, which is significantly lower than SYBG.DE's 1.73% return.
CBUS.DE
- 1D
- -0.22%
- 1M
- 1.36%
- YTD
- -0.38%
- 6M
- -0.17%
- 1Y
- 0.66%
- 3Y*
- 1.18%
- 5Y*
- —
- 10Y*
- —
SYBG.DE
- 1D
- 0.06%
- 1M
- 2.08%
- YTD
- 1.73%
- 6M
- 2.20%
- 1Y
- 1.77%
- 3Y*
- 2.55%
- 5Y*
- -4.68%
- 10Y*
- -1.64%
CBUS.DE vs. SYBG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CBUS.DE iShares Core UK Gilts UCITS ETF (EUR Hedged) Dist | -0.38% | 3.16% | -5.12% | 2.12% | 5.29% |
SYBG.DE SPDR Bloomberg UK Gilt UCITS ETF | 1.73% | 0.15% | 0.07% | 5.36% | 4.61% |
Correlation
The correlation between CBUS.DE and SYBG.DE is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2022 | 0.82 |
The correlation between CBUS.DE and SYBG.DE has been stable across timeframes, ranging from 0.79 to 0.82 - a consistent structural relationship.
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Return for Risk
CBUS.DE vs. SYBG.DE — Risk / Return Rank
CBUS.DE
SYBG.DE
CBUS.DE vs. SYBG.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 UK Gilt UCITS ETF (SYBG.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.
| CBUS.DE | SYBG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.04 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.12 | 0.33 | -0.21 |
| Martin ratioReturn relative to average drawdown | 0.28 | 0.77 | -0.48 |
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Drawdowns
CBUS.DE vs. SYBG.DE - Drawdown Comparison
The maximum CBUS.DE drawdown since its inception was -12.72%, smaller than the maximum SYBG.DE drawdown of -36.66%. Use the drawdown chart below to compare losses from any high point for CBUS.DE and SYBG.DE.
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Drawdown Indicators
| CBUS.DE | SYBG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.72% | -36.66% | +23.94% |
Max Drawdown (1Y)Largest decline over 1 year | -5.56% | -5.42% | -0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -7.48% | -8.78% | +1.30% |
Max Drawdown (5Y)Largest decline over 5 years | — | -36.25% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.66% | — |
Current DrawdownCurrent decline from peak | -6.49% | -26.43% | +19.94% |
Average DrawdownAverage peak-to-trough decline | -7.19% | -13.42% | +6.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.33% | 2.08% | +0.25% |
Volatility
CBUS.DE vs. SYBG.DE - Volatility Comparison
iShares Core UK Gilts UCITS ETF (EUR Hedged) Dist (CBUS.DE) and SPDR Bloomberg UK Gilt UCITS ETF (SYBG.DE) have volatilities of 1.80% and 1.73%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBUS.DE | SYBG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.80% | 1.73% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 5.19% | 6.10% | -0.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.34% | 8.13% | -1.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.39% | 11.76% | -3.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.39% | 13.84% | -5.45% |
CBUS.DE vs. SYBG.DE - Expense Ratio Comparison
CBUS.DE has a 0.09% expense ratio, which is lower than SYBG.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. SYBG.DE - Dividend Comparison
CBUS.DE's dividend yield for the trailing twelve months is around 4.45%, more than SYBG.DE's 3.73% 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 | 4.45% | 4.23% | 3.74% | 2.40% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SYBG.DE SPDR Bloomberg UK Gilt UCITS ETF | 3.73% | 3.64% | 2.65% | 1.69% | 1.22% | 0.82% | 1.11% | 1.14% | 1.27% | 1.60% | 1.77% | 1.89% |
Frequently Asked Questions
CBUS.DE and SYBG.DE have a correlation of 0.79, 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 SYBG.DE.
CBUS.DE tracks FTSE Actuaries UK Conventional Gilts All Stocks (EUR Hedged), while SYBG.DE tracks Bloomberg UK Gilt. They also come from different issuers: iShares and State Street. Their fees differ too: 0.09% for CBUS.DE and 0.15% for SYBG.DE.
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