ENDH.DE vs. SYBM.DE
ENDH.DE (L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EUR Hedged) Acc) and SYBM.DE (SPDR Bloomberg Emerging Markets Local Bond UCITS ETF) are both Emerging Markets Bonds funds - ENDH.DE tracks the J.P. Morgan ESG EMBI Global Diversified Short-Term Custom Maturity (EUR Hedged) while SYBM.DE tracks the Bloomberg Emerging Markets Local Currency Liquid Government Bond. Both are passively managed. Over the past 3 years, ENDH.DE returned 6.26%/yr vs 2.54%/yr for SYBM.DE. At a 0.23 correlation, their price movements are largely independent. ENDH.DE charges 0.28%/yr vs 0.55%/yr for SYBM.DE.
Performance
ENDH.DE vs. SYBM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ENDH.DE achieves a -0.08% return, which is significantly lower than SYBM.DE's 0.49% return.
ENDH.DE
- 1D
- 0.37%
- 1M
- -1.14%
- YTD
- -0.08%
- 6M
- 0.41%
- 1Y
- 3.85%
- 3Y*
- 6.26%
- 5Y*
- —
- 10Y*
- —
SYBM.DE
- 1D
- -0.05%
- 1M
- 0.37%
- YTD
- 0.49%
- 6M
- 0.35%
- 1Y
- 3.38%
- 3Y*
- 2.54%
- 5Y*
- 1.45%
- 10Y*
- 1.75%
ENDH.DE vs. SYBM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ENDH.DE L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EUR Hedged) Acc | -0.08% | 7.89% | 6.59% | 5.41% | -2.17% |
SYBM.DE SPDR Bloomberg Emerging Markets Local Bond UCITS ETF | 0.49% | 2.47% | 3.13% | 5.78% | 0.48% |
Correlation
The correlation between ENDH.DE and SYBM.DE is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since May 12, 2022 | 0.23 |
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Return for Risk
ENDH.DE vs. SYBM.DE — Risk / Return Rank
ENDH.DE
SYBM.DE
ENDH.DE vs. SYBM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EUR Hedged) Acc (ENDH.DE) and SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (SYBM.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.
| ENDH.DE | SYBM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.12 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.73 | 0.87 | +0.86 |
| Martin ratioReturn relative to average drawdown | 6.28 | 2.69 | +3.60 |
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
| ENDH.DE | SYBM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 0.67 | +0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.21 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.22 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.23 | +0.63 |
Drawdowns
ENDH.DE vs. SYBM.DE - Drawdown Comparison
The maximum ENDH.DE drawdown since its inception was -6.78%, smaller than the maximum SYBM.DE drawdown of -19.16%. Use the drawdown chart below to compare losses from any high point for ENDH.DE and SYBM.DE.
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Drawdown Indicators
| ENDH.DE | SYBM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.78% | -19.16% | +12.38% |
Max Drawdown (1Y)Largest decline over 1 year | -2.21% | -3.90% | +1.69% |
Max Drawdown (3Y)Largest decline over 3 years | -2.71% | -7.62% | +4.91% |
Max Drawdown (5Y)Largest decline over 5 years | — | -8.64% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.36% | — |
Current DrawdownCurrent decline from peak | -1.33% | -3.09% | +1.76% |
Average DrawdownAverage peak-to-trough decline | -1.11% | -7.10% | +5.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 1.26% | -0.65% |
Volatility
ENDH.DE vs. SYBM.DE - Volatility Comparison
L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EUR Hedged) Acc (ENDH.DE) has a higher volatility of 2.69% compared to SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (SYBM.DE) at 1.51%. This indicates that ENDH.DE's price experiences larger fluctuations and is considered to be riskier than SYBM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ENDH.DE | SYBM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.69% | 1.51% | +1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 3.74% | 4.22% | -0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.17% | 5.07% | -0.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.89% | 6.94% | -2.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.89% | 7.82% | -2.93% |
ENDH.DE vs. SYBM.DE - Expense Ratio Comparison
ENDH.DE has a 0.28% expense ratio, which is lower than SYBM.DE's 0.55% expense ratio.
Dividends
ENDH.DE vs. SYBM.DE - Dividend Comparison
ENDH.DE has not paid dividends to shareholders, while SYBM.DE's dividend yield for the trailing twelve months is around 5.07%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENDH.DE L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EUR Hedged) Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SYBM.DE SPDR Bloomberg Emerging Markets Local Bond UCITS ETF | 5.07% | 5.01% | 4.77% | 4.21% | 4.29% | 3.89% | 4.12% | 4.34% | 4.13% | 5.01% | 4.30% | 5.26% |
Frequently Asked Questions
ENDH.DE and SYBM.DE have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ENDH.DE is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ENDH.DE is cheaper with a 0.28% expense ratio, compared with 0.55% for SYBM.DE.
ENDH.DE tracks J.P. Morgan ESG EMBI Global Diversified Short-Term Custom Maturity (EUR Hedged), while SYBM.DE tracks Bloomberg Emerging Markets Local Currency Liquid Government Bond. They also come from different issuers: Legal & General and State Street. Their fees differ too: 0.28% for ENDH.DE and 0.55% for SYBM.DE.
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