DE5A.DE vs. SYBG.DE
DE5A.DE (Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR) and SYBG.DE (SPDR Bloomberg UK Gilt UCITS ETF) are both European Government Bonds funds - DE5A.DE tracks the FTSE Highest-Rated Eurozone Government Bond while SYBG.DE tracks the Bloomberg UK Gilt. Both are passively managed. Over the past 10 years, DE5A.DE returned -1.42%/yr vs -1.83%/yr for SYBG.DE. A 0.55 correlation means they provide meaningful diversification when combined. DE5A.DE charges 0.14%/yr vs 0.15%/yr for SYBG.DE.
Performance
DE5A.DE vs. SYBG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DE5A.DE achieves a -0.25% return, which is significantly lower than SYBG.DE's 1.48% return. Over the past 10 years, DE5A.DE has outperformed SYBG.DE with an annualized return of -1.42%, while SYBG.DE has yielded a comparatively lower -1.83% annualized return.
DE5A.DE
- 1D
- -0.17%
- 1M
- -1.14%
- 6M
- -0.85%
- YTD
- -0.25%
- 1Y
- -0.42%
- 3Y*
- 1.15%
- 5Y*
- -3.56%
- 10Y*
- -1.42%
SYBG.DE
- 1D
- -0.36%
- 1M
- 1.06%
- 6M
- -0.09%
- YTD
- 1.48%
- 1Y
- 4.78%
- 3Y*
- 2.86%
- 5Y*
- -5.13%
- 10Y*
- -1.83%
DE5A.DE vs. SYBG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DE5A.DE Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR | -0.25% | -0.65% | -0.40% | 5.80% | -19.06% | -3.67% | 3.70% | 4.28% | 1.66% | -0.73% |
SYBG.DE SPDR Bloomberg UK Gilt UCITS ETF | 1.48% | 0.15% | 0.07% | 5.36% | -28.98% | 2.15% | 2.00% | 11.90% | 0.08% | -1.95% |
Correlation
The correlation between DE5A.DE and SYBG.DE is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since May 17, 2012 | 0.55 |
The correlation between DE5A.DE and SYBG.DE shifts across timeframes, from 0.55 (all time) to 0.74 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
DE5A.DE vs. SYBG.DE — Risk / Return Rank
DE5A.DE
SYBG.DE
DE5A.DE vs. SYBG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR (DE5A.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.
| DE5A.DE | SYBG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -0.99 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.11 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | 0.88 | -1.01 |
| Martin ratioReturn relative to average drawdown | -0.29 | 2.73 | -3.02 |
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Drawdowns
DE5A.DE vs. SYBG.DE - Drawdown Comparison
The maximum DE5A.DE drawdown since its inception was -24.92%, smaller than the maximum SYBG.DE drawdown of -36.66%. Use the drawdown chart below to compare losses from any high point for DE5A.DE and SYBG.DE.
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Drawdown Indicators
| DE5A.DE | SYBG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.92% | -36.66% | +11.74% |
Max Drawdown (1Y)Largest decline over 1 year | -3.13% | -5.42% | +2.29% |
Max Drawdown (3Y)Largest decline over 3 years | -4.45% | -8.78% | +4.33% |
Max Drawdown (5Y)Largest decline over 5 years | -22.78% | -36.25% | +13.47% |
Max Drawdown (10Y)Largest decline over 10 years | -24.92% | -36.66% | +11.74% |
Current DrawdownCurrent decline from peak | -19.85% | -26.61% | +6.76% |
Average DrawdownAverage peak-to-trough decline | -7.27% | -13.47% | +6.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.45% | 1.75% | -0.30% |
Volatility
DE5A.DE vs. SYBG.DE - Volatility Comparison
The current volatility for Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR (DE5A.DE) is 1.18%, while SPDR Bloomberg UK Gilt UCITS ETF (SYBG.DE) has a volatility of 2.23%. This indicates that DE5A.DE experiences smaller price fluctuations and is considered to be less risky than SYBG.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DE5A.DE | SYBG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.18% | 2.23% | -1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 3.54% | 6.24% | -2.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.23% | 7.90% | -3.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.46% | 11.77% | -5.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.35% | 13.82% | -8.47% |
DE5A.DE vs. SYBG.DE - Expense Ratio Comparison
DE5A.DE has a 0.14% 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
DE5A.DE vs. SYBG.DE - Dividend Comparison
DE5A.DE has not paid dividends to shareholders, while SYBG.DE's dividend yield for the trailing twelve months is around 3.74%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DE5A.DE Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SYBG.DE SPDR Bloomberg UK Gilt UCITS ETF | 3.74% | 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
DE5A.DE and SYBG.DE have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DE5A.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DE5A.DE is cheaper with a 0.14% expense ratio, compared with 0.15% for SYBG.DE.
DE5A.DE tracks FTSE Highest-Rated Eurozone Government Bond, while SYBG.DE tracks Bloomberg UK Gilt. They also come from different issuers: Amundi and State Street. Their fees differ too: 0.14% for DE5A.DE and 0.15% for SYBG.DE.
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