EIB5.DE vs. SYBB.DE

Last updated Jul 18, 2026

EIB5.DE (Invesco Euro Government Bond 3-5 Year UCITS ETF Dist) and SYBB.DE (SPDR Bloomberg Euro Government Bond UCITS ETF Dist) are both European Government Bonds funds - EIB5.DE tracks the Bloomberg Euro Government Select 3-5 while SYBB.DE tracks the Bloomberg Euro Treasury Bond. Both are passively managed. Over the past 5 years, EIB5.DE returned -0.40%/yr vs -2.75%/yr for SYBB.DE. Their correlation of 0.83 suggests significant overlap in exposure. Both charge a 0.10% expense ratio.

Performance

EIB5.DE vs. SYBB.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Invesco Euro Government Bond 3-5 Year UCITS ETF Dist (EIB5.DE) and SPDR Bloomberg Euro Government Bond UCITS ETF Dist (SYBB.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EIB5.DE achieves a -0.71% return, which is significantly higher than SYBB.DE's -0.92% return.

EIB5.DE

• 1D: -0.06%
• 1M: -0.61%
• 6M: -0.87%
• YTD: -0.71%
• 1Y: 0.23%
• 3Y*: 2.75%
• 5Y*: -0.40%
• 10Y*: —

SYBB.DE

• 1D: -0.41%
• 1M: -1.81%
• 6M: -1.32%
• YTD: -0.92%
• 1Y: -0.39%
• 3Y*: 1.86%
• 5Y*: -2.75%
• 10Y*: -0.63%

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

EIB5.DE vs. SYBB.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
EIB5.DE Invesco Euro Government Bond 3-5 Year UCITS ETF Dist	-0.71%	2.92%	2.22%	5.31%	-10.04%	-1.25%	1.21%	-1.13%
SYBB.DE SPDR Bloomberg Euro Government Bond UCITS ETF Dist	-0.92%	0.84%	1.47%	6.82%	-18.49%	-3.36%	4.68%	-3.09%

Correlation

The correlation between EIB5.DE and SYBB.DE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (All Time) Calculated using the full available price history since Aug 28, 2019	0.83

Over the past year, the correlation between EIB5.DE and SYBB.DE has dropped to 0.44 - well below their long-term average of 0.83, suggesting their price drivers have been diverging.

Return for Risk

EIB5.DE vs. SYBB.DE — Risk / Return Rank

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

EIB5.DE

EIB5.DE Risk / Return Rank: 11
EIB5.DE Sharpe Ratio Rank: 11
EIB5.DE Sortino Ratio Rank: 10
EIB5.DE Omega Ratio Rank: 10
EIB5.DE Calmar Ratio Rank: 12
EIB5.DE Martin Ratio Rank: 11

SYBB.DE

SYBB.DE Risk / Return Rank: 9
SYBB.DE Sharpe Ratio Rank: 9
SYBB.DE Sortino Ratio Rank: 8
SYBB.DE Omega Ratio Rank: 8
SYBB.DE Calmar Ratio Rank: 9
SYBB.DE Martin Ratio Rank: 8

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.

EIB5.DE vs. SYBB.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Euro Government Bond 3-5 Year UCITS ETF Dist (EIB5.DE) and SPDR Bloomberg Euro Government Bond UCITS ETF Dist (SYBB.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.

	EIB5.DE	SYBB.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.06	-0.08	+0.14
Sortino ratio: Return per unit of downside risk	0.11	-0.07	+0.19
Omega ratio: Gain probability vs. loss probability	1.01	0.99	+0.02
Calmar ratio: Return relative to maximum drawdown	0.09	-0.11	+0.19
Martin ratio: Return relative to average drawdown	0.21	-0.30	+0.51

EIB5.DE vs. SYBB.DE - Sharpe Ratio Comparison

The current EIB5.DE Sharpe Ratio is 0.06, which is higher than the SYBB.DE Sharpe Ratio of -0.08. The chart below compares the historical Sharpe Ratios of EIB5.DE and SYBB.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

EIB5.DE vs. SYBB.DE - Drawdown Comparison

The maximum EIB5.DE drawdown since its inception was -12.19%, smaller than the maximum SYBB.DE drawdown of -22.70%. Use the drawdown chart below to compare losses from any high point for EIB5.DE and SYBB.DE.

Drawdown Indicators

	EIB5.DE	SYBB.DE	Difference
Max Drawdown Largest peak-to-trough decline	-12.19%	-22.70%	+10.51%
Max Drawdown (1Y) Largest decline over 1 year	-2.54%	-3.64%	+1.10%
Max Drawdown (3Y) Largest decline over 3 years	-2.54%	-3.99%	+1.45%
Max Drawdown (5Y) Largest decline over 5 years	-12.06%	-21.74%	+9.68%
Max Drawdown (10Y) Largest decline over 10 years	—	-22.70%	—
Current Drawdown Current decline from peak	-2.50%	-15.05%	+12.55%
Average Drawdown Average peak-to-trough decline	-4.30%	-6.11%	+1.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.09%	1.28%	-0.19%

Volatility

EIB5.DE vs. SYBB.DE - Volatility Comparison

Invesco Euro Government Bond 3-5 Year UCITS ETF Dist (EIB5.DE) has a higher volatility of 1.39% compared to SPDR Bloomberg Euro Government Bond UCITS ETF Dist (SYBB.DE) at 1.29%. This indicates that EIB5.DE's price experiences larger fluctuations and is considered to be riskier than SYBB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EIB5.DE	SYBB.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.39%	1.29%	+0.10%
Volatility (6M) Calculated over the trailing 6-month period	3.16%	4.32%	-1.16%
Volatility (1Y) Calculated over the trailing 1-year period	3.66%	4.93%	-1.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.84%	6.40%	-2.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.44%	5.44%	-2.00%

EIB5.DE vs. SYBB.DE - Expense Ratio Comparison

Both EIB5.DE and SYBB.DE have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

EIB5.DE vs. SYBB.DE - Dividend Comparison

EIB5.DE's dividend yield for the trailing twelve months is around 2.49%, more than SYBB.DE's 2.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EIB5.DE Invesco Euro Government Bond 3-5 Year UCITS ETF Dist	2.49%	2.50%	2.73%	1.95%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SYBB.DE SPDR Bloomberg Euro Government Bond UCITS ETF Dist	2.37%	2.13%	1.45%	0.76%	0.18%	0.08%	0.28%	0.59%	0.66%	0.73%	0.82%	1.26%

Frequently Asked Questions

Can I hold both EIB5.DE and SYBB.DE in my portfolio?

EIB5.DE and SYBB.DE have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EIB5.DE or SYBB.DE?

Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EIB5.DE or SYBB.DE?

EIB5.DE and SYBB.DE have the same expense ratio: 0.10% per year.

What is the main difference between EIB5.DE and SYBB.DE?

EIB5.DE tracks Bloomberg Euro Government Select 3-5, while SYBB.DE tracks Bloomberg Euro Treasury Bond. They also come from different issuers: Invesco and State Street.