EUN8.DE vs. SYB5.DE
EUN8.DE (iShares € Govt Bond 10-15yr UCITS ETF EUR (Dist)) and SYB5.DE (State Street SPDR Bloomberg 1-5 Year Gilt UCITS ETF (Dist)) are both Government Bonds funds - EUN8.DE tracks the Bloomberg Euro Government Bond 10-15 Year Index while SYB5.DE tracks the Bloomberg Sterling 1-5 Year Aggregate Gilts Bond Index. Both are passively managed. Over the past 10 years, EUN8.DE returned -0.87%/yr vs 0.46%/yr for SYB5.DE. At a 0.20 correlation, their price movements are largely independent. Both charge a 0.15% expense ratio.
Performance
EUN8.DE vs. SYB5.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUN8.DE achieves a -2.15% return, which is significantly lower than SYB5.DE's 3.17% return. Over the past 10 years, EUN8.DE has underperformed SYB5.DE with an annualized return of -0.87%, while SYB5.DE has yielded a comparatively higher 0.46% annualized return.
EUN8.DE
- 1D
- 0.19%
- 1M
- -1.79%
- 6M
- -1.22%
- YTD
- -2.15%
- 1Y
- -1.39%
- 3Y*
- 1.56%
- 5Y*
- -4.18%
- 10Y*
- -0.87%
SYB5.DE
- 1D
- -0.19%
- 1M
- 1.54%
- 6M
- 2.25%
- YTD
- 3.17%
- 1Y
- 4.31%
- 3Y*
- 4.69%
- 5Y*
- 1.04%
- 10Y*
- 0.46%
EUN8.DE vs. SYB5.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUN8.DE iShares € Govt Bond 10-15yr UCITS ETF EUR (Dist) | -2.15% | 0.68% | 1.21% | 10.63% | -25.03% | -4.22% | 6.60% | 11.63% | 1.13% | 0.09% |
SYB5.DE State Street SPDR Bloomberg 1-5 Year Gilt UCITS ETF (Dist) | 3.17% | 0.33% | 6.69% | 5.72% | -10.68% | 5.60% | -4.05% | 6.95% | -1.42% | -4.07% |
Correlation
The correlation between EUN8.DE and SYB5.DE is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since May 18, 2012 | 0.20 |
Over the past year, EUN8.DE and SYB5.DE have become more correlated (0.43) than their long-term average of 0.20, meaning their price movements have been converging.
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Return for Risk
EUN8.DE vs. SYB5.DE — Risk / Return Rank
EUN8.DE
SYB5.DE
EUN8.DE vs. SYB5.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € Govt Bond 10-15yr UCITS ETF EUR (Dist) (EUN8.DE) and State Street SPDR Bloomberg 1-5 Year Gilt UCITS ETF (Dist) (SYB5.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.
| EUN8.DE | SYB5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.14 | ||
| Sortino ratioReturn per unit of downside risk | -1.58 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.17 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.26 | 2.12 | -2.38 |
| Martin ratioReturn relative to average drawdown | -0.60 | 5.59 | -6.19 |
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Drawdowns
EUN8.DE vs. SYB5.DE - Drawdown Comparison
The maximum EUN8.DE drawdown since its inception was -29.75%, which is greater than SYB5.DE's maximum drawdown of -26.72%. Use the drawdown chart below to compare losses from any high point for EUN8.DE and SYB5.DE.
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Drawdown Indicators
| EUN8.DE | SYB5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.75% | -26.72% | -3.03% |
Max Drawdown (1Y)Largest decline over 1 year | -5.41% | -2.02% | -3.39% |
Max Drawdown (3Y)Largest decline over 3 years | -6.67% | -4.43% | -2.24% |
Max Drawdown (5Y)Largest decline over 5 years | -29.15% | -15.56% | -13.59% |
Max Drawdown (10Y)Largest decline over 10 years | -29.75% | -16.19% | -13.56% |
Current DrawdownCurrent decline from peak | -21.14% | -10.23% | -10.91% |
Average DrawdownAverage peak-to-trough decline | -8.13% | -13.57% | +5.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 0.77% | +1.54% |
Volatility
EUN8.DE vs. SYB5.DE - Volatility Comparison
iShares € Govt Bond 10-15yr UCITS ETF EUR (Dist) (EUN8.DE) has a higher volatility of 1.77% compared to State Street SPDR Bloomberg 1-5 Year Gilt UCITS ETF (Dist) (SYB5.DE) at 1.38%. This indicates that EUN8.DE's price experiences larger fluctuations and is considered to be riskier than SYB5.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUN8.DE | SYB5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 1.38% | +0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 5.65% | 3.51% | +2.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.98% | 4.56% | +2.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.38% | 6.28% | +3.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.31% | 6.93% | +1.38% |
EUN8.DE vs. SYB5.DE - Expense Ratio Comparison
Both EUN8.DE and SYB5.DE have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
EUN8.DE vs. SYB5.DE - Dividend Comparison
EUN8.DE's dividend yield for the trailing twelve months is around 1.68%, less than SYB5.DE's 3.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUN8.DE iShares € Govt Bond 10-15yr UCITS ETF EUR (Dist) | 1.68% | 3.14% | 2.95% | 2.09% | 0.52% | 0.31% | 0.58% | 1.20% | 1.26% | 1.13% | 1.26% | 0.75% |
SYB5.DE State Street SPDR Bloomberg 1-5 Year Gilt UCITS ETF (Dist) | 3.55% | 3.52% | 2.66% | 1.30% | 0.19% | 0.12% | 0.48% | 0.57% | 0.40% | 0.54% | 0.94% | 0.99% |
Frequently Asked Questions
EUN8.DE and SYB5.DE have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EUN8.DE and SYB5.DE have the same expense ratio: 0.15% per year.
EUN8.DE tracks Bloomberg Euro Government Bond 10-15 Year Index, while SYB5.DE tracks Bloomberg Sterling 1-5 Year Aggregate Gilts Bond Index. They also come from different issuers: iShares and State Street.
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