CEB0.DE vs. SYBM.DE
CEB0.DE (iShares China CNY Bond UCITS ETF EUR Hedged Dist) and SYBM.DE (SPDR Bloomberg Emerging Markets Local Bond UCITS ETF) are both Emerging Markets Bonds funds - CEB0.DE tracks the Bloomberg Barclays China Treasury + Policy Bank Index while SYBM.DE tracks the Bloomberg Emerging Markets Local Currency Liquid Government Bond. Both are passively managed. Over the past year, CEB0.DE returned 1.59% vs 3.38% for SYBM.DE. At a 0.08 correlation, their price movements are largely independent. CEB0.DE charges 0.40%/yr vs 0.55%/yr for SYBM.DE.
Performance
CEB0.DE vs. SYBM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CEB0.DE achieves a 1.63% return, which is significantly higher than SYBM.DE's 0.49% return.
CEB0.DE
- 1D
- -0.13%
- 1M
- 0.30%
- YTD
- 1.63%
- 6M
- 1.79%
- 1Y
- 1.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SYBM.DE
- 1D
- -0.05%
- 1M
- 0.37%
- YTD
- 0.49%
- 6M
- 0.35%
- 1Y
- 3.38%
- 3Y*
- 2.54%
- 5Y*
- 1.45%
- 10Y*
- 1.75%
CEB0.DE vs. SYBM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CEB0.DE iShares China CNY Bond UCITS ETF EUR Hedged Dist | 1.63% | 0.43% | 6.89% |
SYBM.DE SPDR Bloomberg Emerging Markets Local Bond UCITS ETF | 0.49% | 2.47% | 3.25% |
Correlation
The correlation between CEB0.DE and SYBM.DE is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Apr 9, 2024 | 0.08 |
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Return for Risk
CEB0.DE vs. SYBM.DE — Risk / Return Rank
CEB0.DE
SYBM.DE
CEB0.DE vs. SYBM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares China CNY Bond UCITS ETF EUR Hedged Dist (CEB0.DE) and SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (SYBM.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.
| CEB0.DE | SYBM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.12 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 0.87 | +0.56 |
| Martin ratioReturn relative to average drawdown | 3.02 | 2.69 | +0.33 |
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
| CEB0.DE | SYBM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 0.67 | +0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.21 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.22 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.03 | 0.23 | +1.79 |
Drawdowns
CEB0.DE vs. SYBM.DE - Drawdown Comparison
The maximum CEB0.DE drawdown since its inception was -1.83%, smaller than the maximum SYBM.DE drawdown of -19.16%. Use the drawdown chart below to compare losses from any high point for CEB0.DE and SYBM.DE.
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Drawdown Indicators
| CEB0.DE | SYBM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.83% | -19.16% | +17.33% |
Max Drawdown (1Y)Largest decline over 1 year | -1.11% | -3.90% | +2.79% |
Max Drawdown (3Y)Largest decline over 3 years | — | -7.62% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -8.64% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.36% | — |
Current DrawdownCurrent decline from peak | -0.34% | -3.09% | +2.75% |
Average DrawdownAverage peak-to-trough decline | -0.38% | -7.10% | +6.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.52% | 1.26% | -0.74% |
Volatility
CEB0.DE vs. SYBM.DE - Volatility Comparison
The current volatility for iShares China CNY Bond UCITS ETF EUR Hedged Dist (CEB0.DE) is 1.02%, while SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (SYBM.DE) has a volatility of 1.51%. This indicates that CEB0.DE experiences smaller price fluctuations and is considered to be less risky than SYBM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CEB0.DE | SYBM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.02% | 1.51% | -0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 1.45% | 4.22% | -2.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.68% | 5.07% | -3.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.03% | 6.94% | -4.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.03% | 7.82% | -5.79% |
CEB0.DE vs. SYBM.DE - Expense Ratio Comparison
CEB0.DE has a 0.40% expense ratio, which is lower than SYBM.DE's 0.55% expense ratio.
Dividends
CEB0.DE vs. SYBM.DE - Dividend Comparison
CEB0.DE's dividend yield for the trailing twelve months is around 1.81%, less than SYBM.DE's 5.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CEB0.DE iShares China CNY Bond UCITS ETF EUR Hedged Dist | 1.81% | 1.84% | 1.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SYBM.DE SPDR Bloomberg Emerging Markets Local Bond UCITS ETF | 5.07% | 5.01% | 4.77% | 4.21% | 4.29% | 3.89% | 4.12% | 4.34% | 4.13% | 5.01% | 4.30% | 5.26% |
Frequently Asked Questions
CEB0.DE and SYBM.DE have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CEB0.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEB0.DE is cheaper with a 0.40% expense ratio, compared with 0.55% for SYBM.DE.
CEB0.DE tracks Bloomberg Barclays China Treasury + Policy Bank Index, while SYBM.DE tracks Bloomberg Emerging Markets Local Currency Liquid Government Bond. They also come from different issuers: iShares and State Street. Their fees differ too: 0.40% for CEB0.DE and 0.55% for SYBM.DE.
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