EIBX.DE vs. SYBV.DE

Last updated Jul 17, 2026

EIBX.DE (Invesco Euro Government Bond 7-10 Year UCITS ETF Dist) and SYBV.DE (State Street SPDR Bloomberg 10+ Year Euro Government Bond UCITS ETF (Dist)) are both European Government Bonds funds - EIBX.DE tracks the Bloomberg Euro Government Select 7-10 while SYBV.DE tracks the Bloomberg Euro 10+ Year Treasury Bond Index. Both are passively managed. Over the past 5 years, EIBX.DE returned -2.61%/yr vs -7.10%/yr for SYBV.DE. Their correlation of 0.90 suggests significant overlap in exposure. EIBX.DE charges 0.10%/yr vs 0.15%/yr for SYBV.DE.

Performance

EIBX.DE vs. SYBV.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Invesco Euro Government Bond 7-10 Year UCITS ETF Dist (EIBX.DE) and State Street SPDR Bloomberg 10+ Year Euro Government Bond UCITS ETF (Dist) (SYBV.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EIBX.DE achieves a -0.50% return, which is significantly higher than SYBV.DE's -1.00% return.

EIBX.DE

• 1D: -0.13%
• 1M: -1.31%
• 6M: -1.02%
• YTD: -0.50%
• 1Y: 0.46%
• 3Y*: 2.68%
• 5Y*: -2.61%
• 10Y*: —

SYBV.DE

• 1D: -0.40%
• 1M: -2.39%
• 6M: -2.19%
• YTD: -1.00%
• 1Y: -0.92%
• 3Y*: 0.54%
• 5Y*: -7.10%
• 10Y*: -2.06%

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

EIBX.DE vs. SYBV.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
EIBX.DE Invesco Euro Government Bond 7-10 Year UCITS ETF Dist	-0.50%	1.88%	0.91%	8.83%	-19.82%	-2.95%	4.27%	-3.35%
SYBV.DE State Street SPDR Bloomberg 10+ Year Euro Government Bond UCITS ETF (Dist)	-1.00%	-3.55%	-0.53%	9.88%	-32.00%	-6.75%	10.69%	-6.09%

Correlation

The correlation between EIBX.DE and SYBV.DE is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Aug 28, 2019	0.90

The correlation between EIBX.DE and SYBV.DE has been stable across timeframes, ranging from 0.87 to 0.95 - a consistent structural relationship.

Return for Risk

EIBX.DE vs. SYBV.DE — Risk / Return Rank

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

EIBX.DE

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

SYBV.DE

SYBV.DE Risk / Return Rank: 8
SYBV.DE Sharpe Ratio Rank: 8
SYBV.DE Sortino Ratio Rank: 8
SYBV.DE Omega Ratio Rank: 8
SYBV.DE Calmar Ratio Rank: 8
SYBV.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.

EIBX.DE vs. SYBV.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Euro Government Bond 7-10 Year UCITS ETF Dist (EIBX.DE) and State Street SPDR Bloomberg 10+ Year Euro Government Bond UCITS ETF (Dist) (SYBV.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.

	EIBX.DE	SYBV.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.09	-0.11	+0.20
Sortino ratio: Return per unit of downside risk	0.16	-0.10	+0.27
Omega ratio: Gain probability vs. loss probability	1.02	0.99	+0.03
Calmar ratio: Return relative to maximum drawdown	0.11	-0.16	+0.28
Martin ratio: Return relative to average drawdown	0.28	-0.35	+0.63

EIBX.DE vs. SYBV.DE - Sharpe Ratio Comparison

The current EIBX.DE Sharpe Ratio is 0.09, which is higher than the SYBV.DE Sharpe Ratio of -0.11. The chart below compares the historical Sharpe Ratios of EIBX.DE and SYBV.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

EIBX.DE vs. SYBV.DE - Drawdown Comparison

The maximum EIBX.DE drawdown since its inception was -23.08%, smaller than the maximum SYBV.DE drawdown of -40.94%. Use the drawdown chart below to compare losses from any high point for EIBX.DE and SYBV.DE.

Drawdown Indicators

	EIBX.DE	SYBV.DE	Difference
Max Drawdown Largest peak-to-trough decline	-23.08%	-40.94%	+17.86%
Max Drawdown (1Y) Largest decline over 1 year	-4.07%	-5.56%	+1.49%
Max Drawdown (3Y) Largest decline over 3 years	-4.43%	-10.05%	+5.62%
Max Drawdown (5Y) Largest decline over 5 years	-22.78%	-39.22%	+16.44%
Max Drawdown (10Y) Largest decline over 10 years	—	-40.94%	—
Current Drawdown Current decline from peak	-13.74%	-34.39%	+20.65%
Average Drawdown Average peak-to-trough decline	-11.09%	-16.95%	+5.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.61%	2.63%	-1.02%

Volatility

EIBX.DE vs. SYBV.DE - Volatility Comparison

The current volatility for Invesco Euro Government Bond 7-10 Year UCITS ETF Dist (EIBX.DE) is 1.55%, while State Street SPDR Bloomberg 10+ Year Euro Government Bond UCITS ETF (Dist) (SYBV.DE) has a volatility of 2.12%. This indicates that EIBX.DE experiences smaller price fluctuations and is considered to be less risky than SYBV.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EIBX.DE	SYBV.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.55%	2.12%	-0.57%
Volatility (6M) Calculated over the trailing 6-month period	4.25%	6.35%	-2.10%
Volatility (1Y) Calculated over the trailing 1-year period	5.14%	8.01%	-2.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.43%	12.30%	-4.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.56%	10.42%	-3.86%

EIBX.DE vs. SYBV.DE - Expense Ratio Comparison

EIBX.DE has a 0.10% expense ratio, which is lower than SYBV.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

EIBX.DE vs. SYBV.DE - Dividend Comparison

EIBX.DE's dividend yield for the trailing twelve months is around 3.01%, less than SYBV.DE's 3.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
EIBX.DE Invesco Euro Government Bond 7-10 Year UCITS ETF Dist	3.01%	2.89%	2.87%	2.43%	0.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SYBV.DE State Street SPDR Bloomberg 10+ Year Euro Government Bond UCITS ETF (Dist)	3.42%	3.31%	2.82%	2.01%	0.89%	0.51%	0.76%	1.23%	1.34%	1.47%	0.59%

Frequently Asked Questions

Can I hold both EIBX.DE and SYBV.DE in my portfolio?

EIBX.DE and SYBV.DE have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EIBX.DE or SYBV.DE?

On fees, EIBX.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EIBX.DE or SYBV.DE?

EIBX.DE is cheaper with a 0.10% expense ratio, compared with 0.15% for SYBV.DE.

What is the main difference between EIBX.DE and SYBV.DE?

EIBX.DE tracks Bloomberg Euro Government Select 7-10, while SYBV.DE tracks Bloomberg Euro 10+ Year Treasury Bond Index. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.10% for EIBX.DE and 0.15% for SYBV.DE.