EUN4.DE vs. SYBA.DE
EUN4.DE (iShares € Aggregate Bond ESG SRI UCITS ETF EUR (Dist)) and SYBA.DE (State Street SPDR Bloomberg Euro Aggregate Bond UCITS ETF (Dist)) are both Total Bond Market funds - EUN4.DE tracks the Bloomberg MSCI Euro Aggregate Sustainable and Green Bond SRI Index while SYBA.DE tracks the Bloomberg Euro Aggregate Bond Index. Both are passively managed. Over the past 10 years, EUN4.DE returned -0.48%/yr vs -0.30%/yr for SYBA.DE. Their correlation of 0.87 suggests significant overlap in exposure. EUN4.DE charges 0.16%/yr vs 0.17%/yr for SYBA.DE.
Performance
EUN4.DE vs. SYBA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUN4.DE achieves a -1.38% return, which is significantly lower than SYBA.DE's 0.36% return. Over the past 10 years, EUN4.DE has underperformed SYBA.DE with an annualized return of -0.48%, while SYBA.DE has yielded a comparatively higher -0.30% annualized return.
EUN4.DE
- 1D
- 0.09%
- 1M
- -0.92%
- 6M
- -0.75%
- YTD
- -1.38%
- 1Y
- -0.86%
- 3Y*
- 2.10%
- 5Y*
- -2.28%
- 10Y*
- -0.48%
SYBA.DE
- 1D
- 0.06%
- 1M
- -0.57%
- 6M
- -0.12%
- YTD
- 0.36%
- 1Y
- 0.82%
- 3Y*
- 2.69%
- 5Y*
- -1.98%
- 10Y*
- -0.30%
EUN4.DE vs. SYBA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUN4.DE iShares € Aggregate Bond ESG SRI UCITS ETF EUR (Dist) | -1.38% | 1.17% | 2.19% | 6.63% | -16.91% | -2.91% | 3.84% | 5.77% | 0.29% | 0.21% |
SYBA.DE State Street SPDR Bloomberg Euro Aggregate Bond UCITS ETF (Dist) | 0.36% | 1.25% | 2.04% | 6.72% | -17.04% | -2.92% | 3.83% | 5.94% | 0.33% | 0.32% |
Correlation
The correlation between EUN4.DE and SYBA.DE is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since May 23, 2011 | 0.87 |
The correlation between EUN4.DE and SYBA.DE has been stable across timeframes, ranging from 0.81 to 0.91 - a consistent structural relationship.
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Return for Risk
EUN4.DE vs. SYBA.DE — Risk / Return Rank
EUN4.DE
SYBA.DE
EUN4.DE vs. SYBA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € Aggregate Bond ESG SRI UCITS ETF EUR (Dist) (EUN4.DE) and State Street SPDR Bloomberg Euro Aggregate Bond UCITS ETF (Dist) (SYBA.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.
| EUN4.DE | SYBA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.04 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | 0.25 | -0.49 |
| Martin ratioReturn relative to average drawdown | -0.58 | 0.65 | -1.23 |
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Drawdowns
EUN4.DE vs. SYBA.DE - Drawdown Comparison
The maximum EUN4.DE drawdown since its inception was -20.44%, roughly equal to the maximum SYBA.DE drawdown of -20.58%. Use the drawdown chart below to compare losses from any high point for EUN4.DE and SYBA.DE.
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Drawdown Indicators
| EUN4.DE | SYBA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.44% | -20.58% | +0.14% |
Max Drawdown (1Y)Largest decline over 1 year | -3.48% | -3.27% | -0.21% |
Max Drawdown (3Y)Largest decline over 3 years | -3.48% | -3.41% | -0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -19.80% | -19.92% | +0.12% |
Max Drawdown (10Y)Largest decline over 10 years | -20.44% | -20.58% | +0.14% |
Current DrawdownCurrent decline from peak | -12.47% | -11.13% | -1.34% |
Average DrawdownAverage peak-to-trough decline | -5.15% | -5.22% | +0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.49% | 1.24% | +0.25% |
Volatility
EUN4.DE vs. SYBA.DE - Volatility Comparison
The current volatility for iShares € Aggregate Bond ESG SRI UCITS ETF EUR (Dist) (EUN4.DE) is 1.00%, while State Street SPDR Bloomberg Euro Aggregate Bond UCITS ETF (Dist) (SYBA.DE) has a volatility of 1.18%. This indicates that EUN4.DE experiences smaller price fluctuations and is considered to be less risky than SYBA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUN4.DE | SYBA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 1.18% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 3.36% | 3.53% | -0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.11% | 4.12% | -0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.59% | 5.79% | -0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.64% | 4.97% | -0.33% |
EUN4.DE vs. SYBA.DE - Expense Ratio Comparison
EUN4.DE has a 0.16% expense ratio, which is lower than SYBA.DE's 0.17% 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
EUN4.DE vs. SYBA.DE - Dividend Comparison
EUN4.DE's dividend yield for the trailing twelve months is around 1.29%, less than SYBA.DE's 2.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUN4.DE iShares € Aggregate Bond ESG SRI UCITS ETF EUR (Dist) | 1.29% | 2.34% | 1.93% | 1.15% | 0.62% | 0.47% | 0.62% | 0.89% | 1.04% | 1.15% | 1.32% | 0.74% |
SYBA.DE State Street SPDR Bloomberg Euro Aggregate Bond UCITS ETF (Dist) | 2.27% | 2.14% | 1.73% | 1.01% | 0.42% | 0.43% | 0.55% | 0.58% | 0.56% | 0.57% | 0.85% | 1.58% |
Frequently Asked Questions
EUN4.DE and SYBA.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUN4.DE is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUN4.DE is cheaper with a 0.16% expense ratio, compared with 0.17% for SYBA.DE.
EUN4.DE tracks Bloomberg MSCI Euro Aggregate Sustainable and Green Bond SRI Index, while SYBA.DE tracks Bloomberg Euro Aggregate Bond Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.16% for EUN4.DE and 0.17% for SYBA.DE.
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