EUNX.DE vs. SYBA.DE
EUNX.DE (iShares US Aggregate Bond UCITS ETF USD (Dist)) and SYBA.DE (State Street SPDR Bloomberg Euro Aggregate Bond UCITS ETF (Dist)) are both Total Bond Market funds - EUNX.DE tracks the Bloomberg US Aggregate Bond Index while SYBA.DE tracks the Bloomberg Euro Aggregate Bond Index. Both are passively managed. Over the past 10 years, EUNX.DE returned 0.83%/yr vs -0.30%/yr for SYBA.DE. At a 0.29 correlation, their price movements are largely independent. EUNX.DE charges 0.25%/yr vs 0.17%/yr for SYBA.DE.
Performance
EUNX.DE vs. SYBA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNX.DE achieves a 2.85% return, which is significantly higher than SYBA.DE's 0.36% return. Over the past 10 years, EUNX.DE has outperformed SYBA.DE with an annualized return of 0.83%, while SYBA.DE has yielded a comparatively lower -0.30% annualized return.
EUNX.DE
- 1D
- 0.26%
- 1M
- 0.82%
- 6M
- 1.32%
- YTD
- 2.85%
- 1Y
- 5.46%
- 3Y*
- 2.91%
- 5Y*
- 0.30%
- 10Y*
- 0.83%
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%
EUNX.DE vs. SYBA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUNX.DE iShares US Aggregate Bond UCITS ETF USD (Dist) | 2.85% | -4.75% | 6.89% | 1.32% | -7.48% | 6.28% | -2.24% | 11.26% | 4.22% | -9.17% |
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 EUNX.DE and SYBA.DE is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 2012 | 0.29 |
Over the past year, the correlation between EUNX.DE and SYBA.DE has dropped to 0.07 - well below their long-term average of 0.29, suggesting their price drivers have been diverging.
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Return for Risk
EUNX.DE vs. SYBA.DE — Risk / Return Rank
EUNX.DE
SYBA.DE
EUNX.DE vs. SYBA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares US Aggregate Bond UCITS ETF USD (Dist) (EUNX.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.
| EUNX.DE | SYBA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.04 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | 0.25 | +1.32 |
| Martin ratioReturn relative to average drawdown | 4.09 | 0.65 | +3.44 |
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Drawdowns
EUNX.DE vs. SYBA.DE - Drawdown Comparison
The maximum EUNX.DE drawdown since its inception was -15.72%, smaller than the maximum SYBA.DE drawdown of -20.58%. Use the drawdown chart below to compare losses from any high point for EUNX.DE and SYBA.DE.
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Drawdown Indicators
| EUNX.DE | SYBA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.72% | -20.58% | +4.86% |
Max Drawdown (1Y)Largest decline over 1 year | -3.46% | -3.27% | -0.19% |
Max Drawdown (3Y)Largest decline over 3 years | -10.97% | -3.41% | -7.56% |
Max Drawdown (5Y)Largest decline over 5 years | -12.69% | -19.92% | +7.23% |
Max Drawdown (10Y)Largest decline over 10 years | -15.72% | -20.58% | +4.86% |
Current DrawdownCurrent decline from peak | -6.50% | -11.13% | +4.63% |
Average DrawdownAverage peak-to-trough decline | -6.91% | -5.22% | -1.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 1.24% | +0.09% |
Volatility
EUNX.DE vs. SYBA.DE - Volatility Comparison
iShares US Aggregate Bond UCITS ETF USD (Dist) (EUNX.DE) has a higher volatility of 1.26% compared to State Street SPDR Bloomberg Euro Aggregate Bond UCITS ETF (Dist) (SYBA.DE) at 1.18%. This indicates that EUNX.DE's price experiences larger fluctuations and is considered to be riskier 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
| EUNX.DE | SYBA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 1.18% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 3.80% | 3.53% | +0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.51% | 4.12% | +1.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.85% | 5.79% | +2.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.44% | 4.97% | +2.47% |
EUNX.DE vs. SYBA.DE - Expense Ratio Comparison
EUNX.DE has a 0.25% expense ratio, which is higher than SYBA.DE's 0.17% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EUNX.DE vs. SYBA.DE - Dividend Comparison
EUNX.DE's dividend yield for the trailing twelve months is around 3.84%, more than SYBA.DE's 2.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNX.DE iShares US Aggregate Bond UCITS ETF USD (Dist) | 3.84% | 3.84% | 3.54% | 3.08% | 2.18% | 1.65% | 2.24% | 2.67% | 2.43% | 2.16% | 1.63% | 1.60% |
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
EUNX.DE and SYBA.DE have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SYBA.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SYBA.DE is cheaper with a 0.17% expense ratio, compared with 0.25% for EUNX.DE.
EUNX.DE tracks Bloomberg US Aggregate Bond Index, while SYBA.DE tracks Bloomberg Euro Aggregate Bond Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.25% for EUNX.DE and 0.17% for SYBA.DE.
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