DFOB.DE vs. SYBW.DE

Last updated Jul 16, 2026

DFOB.DE (Amundi Euro Government Bond 25+Y UCITS ETF (Dist)) and SYBW.DE (State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist)) are both Government Bonds funds - DFOB.DE tracks the Bloomberg Euro Treasury 50bn 25+ Year Bond Index while SYBW.DE tracks the Bloomberg U.S. 1-3 Year Treasury Bond Index. Both are passively managed. Over the past 5 years, DFOB.DE returned -11.65%/yr vs 2.51%/yr for SYBW.DE. At a 0.01 correlation, their price movements are largely independent. DFOB.DE charges 0.07%/yr vs 0.05%/yr for SYBW.DE.

Performance

DFOB.DE vs. SYBW.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi Euro Government Bond 25+Y UCITS ETF (Dist) (DFOB.DE) and State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist) (SYBW.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DFOB.DE achieves a -0.67% return, which is significantly lower than SYBW.DE's 3.74% return.

DFOB.DE

• 1D: -0.14%
• 1M: -2.31%
• 6M: -1.87%
• YTD: -0.67%
• 1Y: -1.97%
• 3Y*: -2.27%
• 5Y*: -11.65%
• 10Y*: —

SYBW.DE

• 1D: 0.14%
• 1M: 1.58%
• 6M: 2.78%
• YTD: 3.74%
• 1Y: 4.90%
• 3Y*: 3.66%
• 5Y*: 2.51%
• 10Y*: 1.34%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DFOB.DE vs. SYBW.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
DFOB.DE Amundi Euro Government Bond 25+Y UCITS ETF (Dist)	-0.67%	-10.03%	-3.74%	9.37%	-40.96%	-10.62%	3.53%
SYBW.DE State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist)	3.74%	-6.50%	9.98%	0.49%	2.02%	7.59%	-5.01%

Correlation

The correlation between DFOB.DE and SYBW.DE is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.17
Correlation (3Y) Calculated over the trailing 3-year period	-0.08
Correlation (5Y) Calculated over the trailing 5-year period	-0.01
Correlation (All Time) Calculated using the full available price history since Sep 24, 2020	0.01

The correlation between DFOB.DE and SYBW.DE shifts across timeframes, from -0.17 (1 year) to 0.01 (all time), reflecting how their relationship changes across market environments.

Return for Risk

DFOB.DE vs. SYBW.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DFOB.DE

DFOB.DE Risk / Return Rank: 7
DFOB.DE Sharpe Ratio Rank: 8
DFOB.DE Sortino Ratio Rank: 7
DFOB.DE Omega Ratio Rank: 7
DFOB.DE Calmar Ratio Rank: 7
DFOB.DE Martin Ratio Rank: 7

SYBW.DE

SYBW.DE Risk / Return Rank: 29
SYBW.DE Sharpe Ratio Rank: 29
SYBW.DE Sortino Ratio Rank: 28
SYBW.DE Omega Ratio Rank: 25
SYBW.DE Calmar Ratio Rank: 32
SYBW.DE Martin Ratio Rank: 29

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DFOB.DE vs. SYBW.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi Euro Government Bond 25+Y UCITS ETF (Dist) (DFOB.DE) and State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist) (SYBW.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.

	DFOB.DE	SYBW.DE	Difference
Sharpe ratio: Return per unit of total volatility	-0.18	0.89	-1.07
Sortino ratio: Return per unit of downside risk	-0.18	1.33	-1.51
Omega ratio: Gain probability vs. loss probability	0.98	1.15	-0.17
Calmar ratio: Return relative to maximum drawdown	-0.29	1.39	-1.68
Martin ratio: Return relative to average drawdown	-0.57	3.46	-4.03

DFOB.DE vs. SYBW.DE - Sharpe Ratio Comparison

The current DFOB.DE Sharpe Ratio is -0.18, which is lower than the SYBW.DE Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of DFOB.DE and SYBW.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DFOB.DE vs. SYBW.DE - Drawdown Comparison

The maximum DFOB.DE drawdown since its inception was -54.51%, which is greater than SYBW.DE's maximum drawdown of -28.24%. Use the drawdown chart below to compare losses from any high point for DFOB.DE and SYBW.DE.

Drawdown Indicators

	DFOB.DE	SYBW.DE	Difference
Max Drawdown Largest peak-to-trough decline	-54.51%	-28.24%	-26.27%
Max Drawdown (1Y) Largest decline over 1 year	-6.66%	-3.52%	-3.14%
Max Drawdown (3Y) Largest decline over 3 years	-18.08%	-10.87%	-7.21%
Max Drawdown (5Y) Largest decline over 5 years	-51.78%	-12.61%	-39.17%
Max Drawdown (10Y) Largest decline over 10 years	—	-20.37%	—
Current Drawdown Current decline from peak	-51.03%	-5.15%	-45.88%
Average Drawdown Average peak-to-trough decline	-36.47%	-9.74%	-26.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.45%	1.41%	+2.04%

Volatility

DFOB.DE vs. SYBW.DE - Volatility Comparison

Amundi Euro Government Bond 25+Y UCITS ETF (Dist) (DFOB.DE) has a higher volatility of 2.93% compared to State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist) (SYBW.DE) at 1.41%. This indicates that DFOB.DE's price experiences larger fluctuations and is considered to be riskier than SYBW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DFOB.DE	SYBW.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.93%	1.41%	+1.52%
Volatility (6M) Calculated over the trailing 6-month period	8.27%	3.90%	+4.37%
Volatility (1Y) Calculated over the trailing 1-year period	10.87%	5.54%	+5.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.95%	7.16%	+10.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.10%	10.47%	+6.63%

DFOB.DE vs. SYBW.DE - Expense Ratio Comparison

DFOB.DE has a 0.07% expense ratio, which is higher than SYBW.DE's 0.05% 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

DFOB.DE vs. SYBW.DE - Dividend Comparison

DFOB.DE's dividend yield for the trailing twelve months is around 3.41%, less than SYBW.DE's 3.82% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFOB.DE Amundi Euro Government Bond 25+Y UCITS ETF (Dist)	3.41%	3.39%	1.55%	2.16%	2.43%	1.51%	0.58%	0.00%	0.00%	0.00%	0.00%	0.00%
SYBW.DE State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist)	3.82%	4.34%	3.98%	3.01%	0.64%	0.54%	1.91%	2.03%	1.33%	1.05%	0.68%	0.53%

Frequently Asked Questions

Can I hold both DFOB.DE and SYBW.DE in my portfolio?

DFOB.DE and SYBW.DE have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DFOB.DE or SYBW.DE?

On fees, SYBW.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DFOB.DE or SYBW.DE?

SYBW.DE is cheaper with a 0.05% expense ratio, compared with 0.07% for DFOB.DE.

What is the main difference between DFOB.DE and SYBW.DE?

DFOB.DE tracks Bloomberg Euro Treasury 50bn 25+ Year Bond Index, while SYBW.DE tracks Bloomberg U.S. 1-3 Year Treasury Bond Index. They also come from different issuers: Amundi and State Street. Their fees differ too: 0.07% for DFOB.DE and 0.05% for SYBW.DE.