EUNU.DE vs. SYBZ.DE
EUNU.DE (iShares Core Global Aggregate Bond UCITS ETF USD (Dist)) and SYBZ.DE (SPDR Bloomberg Global Aggregate Bond UCITS ETF) are both Global Bonds funds tracking the Bloomberg Global Aggregate Bond, from iShares and State Street respectively. Both are passively managed. Over the past 5 years, EUNU.DE returned -0.25%/yr vs -1.06%/yr for SYBZ.DE. Their correlation of 0.82 suggests significant overlap in exposure. Both charge a 0.10% expense ratio.
Performance
EUNU.DE vs. SYBZ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNU.DE achieves a -0.39% return, which is significantly lower than SYBZ.DE's 0.96% return.
EUNU.DE
- 1D
- 0.02%
- 1M
- 0.44%
- YTD
- -0.39%
- 6M
- -0.91%
- 1Y
- -0.79%
- 3Y*
- 1.03%
- 5Y*
- -0.25%
- 10Y*
- —
SYBZ.DE
- 1D
- -0.01%
- 1M
- 0.44%
- YTD
- 0.96%
- 6M
- 0.50%
- 1Y
- 0.26%
- 3Y*
- 0.32%
- 5Y*
- -1.06%
- 10Y*
- —
EUNU.DE vs. SYBZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EUNU.DE iShares Core Global Aggregate Bond UCITS ETF USD (Dist) | -0.39% | -4.02% | 5.70% | 4.05% | -10.69% | 4.64% | 0.21% | 10.21% | 7.38% |
SYBZ.DE SPDR Bloomberg Global Aggregate Bond UCITS ETF | 0.96% | -4.27% | 3.98% | 1.41% | -11.02% | 2.85% | -0.73% | 8.89% | 6.28% |
Correlation
The correlation between EUNU.DE and SYBZ.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 | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2018 | 0.82 |
The correlation between EUNU.DE and SYBZ.DE has been stable across timeframes, ranging from 0.82 to 0.88 - a consistent structural relationship.
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Return for Risk
EUNU.DE vs. SYBZ.DE — Risk / Return Rank
EUNU.DE
SYBZ.DE
EUNU.DE vs. SYBZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Global Aggregate Bond UCITS ETF USD (Dist) (EUNU.DE) and SPDR Bloomberg Global Aggregate Bond UCITS ETF (SYBZ.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.
| EUNU.DE | SYBZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.01 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.30 | 0.04 | -0.33 |
| Martin ratioReturn relative to average drawdown | -0.67 | 0.07 | -0.74 |
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
| EUNU.DE | SYBZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.29 | 0.02 | -0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.04 | -0.17 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.15 | +0.08 |
Drawdowns
EUNU.DE vs. SYBZ.DE - Drawdown Comparison
The maximum EUNU.DE drawdown since its inception was -12.88%, smaller than the maximum SYBZ.DE drawdown of -16.33%. Use the drawdown chart below to compare losses from any high point for EUNU.DE and SYBZ.DE.
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Drawdown Indicators
| EUNU.DE | SYBZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.88% | -16.33% | +3.45% |
Max Drawdown (1Y)Largest decline over 1 year | -3.82% | -2.33% | -1.49% |
Max Drawdown (3Y)Largest decline over 3 years | -8.28% | -7.58% | -0.70% |
Max Drawdown (5Y)Largest decline over 5 years | -12.88% | -15.01% | +2.13% |
Current DrawdownCurrent decline from peak | -7.39% | -11.83% | +4.44% |
Average DrawdownAverage peak-to-trough decline | -4.71% | -7.57% | +2.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 1.27% | +0.44% |
Volatility
EUNU.DE vs. SYBZ.DE - Volatility Comparison
iShares Core Global Aggregate Bond UCITS ETF USD (Dist) (EUNU.DE) and SPDR Bloomberg Global Aggregate Bond UCITS ETF (SYBZ.DE) have volatilities of 0.95% and 0.99%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUNU.DE | SYBZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.95% | 0.99% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.92% | 2.53% | +0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.99% | 3.62% | +0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.06% | 6.40% | -0.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.76% | 6.21% | -0.45% |
EUNU.DE vs. SYBZ.DE - Expense Ratio Comparison
Both EUNU.DE and SYBZ.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
EUNU.DE vs. SYBZ.DE - Dividend Comparison
EUNU.DE's dividend yield for the trailing twelve months is around 1.53%, less than SYBZ.DE's 2.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
EUNU.DE iShares Core Global Aggregate Bond UCITS ETF USD (Dist) | 1.53% | 3.21% | 4.10% | 4.25% | 1.55% | 2.78% | 2.49% | 2.47% | 2.10% |
SYBZ.DE SPDR Bloomberg Global Aggregate Bond UCITS ETF | 2.68% | 2.96% | 2.51% | 1.86% | 1.38% | 0.98% | 1.40% | 1.41% | 0.70% |
Frequently Asked Questions
EUNU.DE and SYBZ.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.
Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EUNU.DE and SYBZ.DE have the same expense ratio: 0.10% per year.
Both ETFs track Bloomberg Global Aggregate Bond. They also come from different issuers: iShares and State Street.
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