DBZB.DE vs. SYBZ.DE
DBZB.DE (Xtrackers II Global Government Bond UCITS ETF EUR Hedged) and SYBZ.DE (SPDR Bloomberg Global Aggregate Bond UCITS ETF) are both Global Bonds funds - DBZB.DE tracks the FTSE World Government Bond - Developed Markets (EUR Hedged) while SYBZ.DE tracks the Bloomberg Global Aggregate Bond. Both are passively managed. Over the past 5 years, DBZB.DE returned -2.54%/yr vs -1.06%/yr for SYBZ.DE. At a 0.50 correlation, their price movements are largely independent. DBZB.DE charges 0.25%/yr vs 0.10%/yr for SYBZ.DE.
Performance
DBZB.DE vs. SYBZ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DBZB.DE achieves a -0.71% return, which is significantly lower than SYBZ.DE's 0.96% return.
DBZB.DE
- 1D
- 0.15%
- 1M
- 0.28%
- YTD
- -0.71%
- 6M
- -1.15%
- 1Y
- -0.05%
- 3Y*
- 0.76%
- 5Y*
- -2.54%
- 10Y*
- -0.99%
SYBZ.DE
- 1D
- -0.01%
- 1M
- 0.72%
- YTD
- 0.96%
- 6M
- 0.52%
- 1Y
- 0.08%
- 3Y*
- 0.32%
- 5Y*
- -1.06%
- 10Y*
- —
DBZB.DE vs. SYBZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
DBZB.DE Xtrackers II Global Government Bond UCITS ETF EUR Hedged | -0.71% | 1.28% | -0.41% | 3.56% | -15.11% | -3.19% | 4.16% | 4.55% | 0.98% |
SYBZ.DE SPDR Bloomberg Global Aggregate Bond UCITS ETF | 0.96% | -4.27% | 3.98% | 1.41% | -11.02% | 2.85% | -0.73% | 8.89% | 6.28% |
Correlation
The correlation between DBZB.DE and SYBZ.DE is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2018 | 0.50 |
The correlation between DBZB.DE and SYBZ.DE shifts across timeframes, from 0.33 (1 year) to 0.54 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
DBZB.DE vs. SYBZ.DE — Risk / Return Rank
DBZB.DE
SYBZ.DE
DBZB.DE vs. SYBZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II Global Government Bond UCITS ETF EUR Hedged (DBZB.DE) and SPDR Bloomberg Global Aggregate Bond UCITS ETF (SYBZ.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.
| DBZB.DE | SYBZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.01 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 0.04 | -0.05 |
| Martin ratioReturn relative to average drawdown | -0.04 | 0.07 | -0.12 |
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
| DBZB.DE | SYBZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | 0.02 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.47 | -0.17 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.21 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.15 | +0.08 |
Drawdowns
DBZB.DE vs. SYBZ.DE - Drawdown Comparison
The maximum DBZB.DE drawdown since its inception was -21.88%, which is greater than SYBZ.DE's maximum drawdown of -16.33%. Use the drawdown chart below to compare losses from any high point for DBZB.DE and SYBZ.DE.
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Drawdown Indicators
| DBZB.DE | SYBZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.88% | -16.33% | -5.55% |
Max Drawdown (1Y)Largest decline over 1 year | -3.52% | -2.33% | -1.19% |
Max Drawdown (3Y)Largest decline over 3 years | -5.14% | -7.58% | +2.44% |
Max Drawdown (5Y)Largest decline over 5 years | -19.51% | -15.01% | -4.50% |
Max Drawdown (10Y)Largest decline over 10 years | -21.88% | — | — |
Current DrawdownCurrent decline from peak | -16.44% | -11.83% | -4.61% |
Average DrawdownAverage peak-to-trough decline | -5.97% | -7.57% | +1.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 1.27% | -0.01% |
Volatility
DBZB.DE vs. SYBZ.DE - Volatility Comparison
Xtrackers II Global Government Bond UCITS ETF EUR Hedged (DBZB.DE) has a higher volatility of 1.48% compared to SPDR Bloomberg Global Aggregate Bond UCITS ETF (SYBZ.DE) at 0.99%. This indicates that DBZB.DE's price experiences larger fluctuations and is considered to be riskier than SYBZ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBZB.DE | SYBZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 0.99% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 3.06% | 2.53% | +0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.86% | 3.62% | +0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.37% | 6.40% | -1.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.74% | 6.21% | -1.47% |
DBZB.DE vs. SYBZ.DE - Expense Ratio Comparison
DBZB.DE has a 0.25% expense ratio, which is higher than SYBZ.DE's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
DBZB.DE vs. SYBZ.DE - Dividend Comparison
DBZB.DE has not paid dividends to shareholders, while SYBZ.DE's dividend yield for the trailing twelve months is around 2.68%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBZB.DE Xtrackers II Global Government Bond UCITS ETF EUR Hedged | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SYBZ.DE SPDR Bloomberg Global Aggregate Bond UCITS ETF | 2.68% | 2.96% | 2.51% | 1.86% | 1.38% | 0.98% | 1.40% | 1.41% | 0.70% |
Frequently Asked Questions
DBZB.DE and SYBZ.DE have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SYBZ.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SYBZ.DE is cheaper with a 0.10% expense ratio, compared with 0.25% for DBZB.DE.
DBZB.DE tracks FTSE World Government Bond - Developed Markets (EUR Hedged), while SYBZ.DE tracks Bloomberg Global Aggregate Bond. They also come from different issuers: Xtrackers and State Street. Their fees differ too: 0.25% for DBZB.DE and 0.10% for SYBZ.DE.
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