EXHB.DE vs. SYBG.DE
EXHB.DE (iShares eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE)) and SYBG.DE (SPDR Bloomberg UK Gilt UCITS ETF) are both European Government Bonds funds - EXHB.DE tracks the eb.rexx® Government Germany 1.5-2.5 while SYBG.DE tracks the Bloomberg UK Gilt. Both are passively managed. Over the past 10 years, EXHB.DE returned -0.24%/yr vs -1.64%/yr for SYBG.DE. At a 0.41 correlation, their price movements are largely independent. EXHB.DE charges 0.16%/yr vs 0.15%/yr for SYBG.DE.
Performance
EXHB.DE vs. SYBG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXHB.DE achieves a 0.39% return, which is significantly lower than SYBG.DE's 1.73% return. Over the past 10 years, EXHB.DE has outperformed SYBG.DE with an annualized return of -0.24%, while SYBG.DE has yielded a comparatively lower -1.64% annualized return.
EXHB.DE
- 1D
- 0.04%
- 1M
- 0.33%
- YTD
- 0.39%
- 6M
- 0.46%
- 1Y
- 0.79%
- 3Y*
- 2.34%
- 5Y*
- 0.30%
- 10Y*
- -0.24%
SYBG.DE
- 1D
- 0.06%
- 1M
- 2.08%
- YTD
- 1.73%
- 6M
- 2.20%
- 1Y
- 1.77%
- 3Y*
- 2.55%
- 5Y*
- -4.68%
- 10Y*
- -1.64%
EXHB.DE vs. SYBG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXHB.DE iShares eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE) | 0.39% | 1.66% | 2.55% | 2.59% | -5.04% | -0.96% | -0.80% | -0.87% | -0.45% | -1.07% |
SYBG.DE SPDR Bloomberg UK Gilt UCITS ETF | 1.73% | 0.15% | 0.07% | 5.36% | -28.98% | 2.15% | 2.00% | 11.90% | 0.08% | -1.95% |
Correlation
The correlation between EXHB.DE and SYBG.DE is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since May 17, 2012 | 0.41 |
The correlation between EXHB.DE and SYBG.DE shifts across timeframes, from 0.41 (all time) to 0.55 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EXHB.DE vs. SYBG.DE — Risk / Return Rank
EXHB.DE
SYBG.DE
EXHB.DE vs. SYBG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE) (EXHB.DE) and SPDR Bloomberg UK Gilt UCITS ETF (SYBG.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.
| EXHB.DE | SYBG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.04 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.67 | 0.33 | +0.34 |
| Martin ratioReturn relative to average drawdown | 1.88 | 0.77 | +1.11 |
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Drawdowns
EXHB.DE vs. SYBG.DE - Drawdown Comparison
The maximum EXHB.DE drawdown since its inception was -9.97%, smaller than the maximum SYBG.DE drawdown of -36.66%. Use the drawdown chart below to compare losses from any high point for EXHB.DE and SYBG.DE.
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Drawdown Indicators
| EXHB.DE | SYBG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.97% | -36.66% | +26.69% |
Max Drawdown (1Y)Largest decline over 1 year | -1.18% | -5.42% | +4.24% |
Max Drawdown (3Y)Largest decline over 3 years | -1.18% | -8.78% | +7.60% |
Max Drawdown (5Y)Largest decline over 5 years | -6.45% | -36.25% | +29.80% |
Max Drawdown (10Y)Largest decline over 10 years | -9.97% | -36.66% | +26.69% |
Current DrawdownCurrent decline from peak | -2.45% | -26.43% | +23.98% |
Average DrawdownAverage peak-to-trough decline | -2.11% | -13.42% | +11.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 2.08% | -1.66% |
Volatility
EXHB.DE vs. SYBG.DE - Volatility Comparison
The current volatility for iShares eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE) (EXHB.DE) is 0.37%, while SPDR Bloomberg UK Gilt UCITS ETF (SYBG.DE) has a volatility of 1.73%. This indicates that EXHB.DE experiences smaller price fluctuations and is considered to be less risky than SYBG.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXHB.DE | SYBG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.37% | 1.73% | -1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 1.13% | 6.10% | -4.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.24% | 8.13% | -6.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.72% | 11.76% | -10.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.44% | 13.84% | -12.40% |
EXHB.DE vs. SYBG.DE - Expense Ratio Comparison
EXHB.DE has a 0.16% expense ratio, which is higher than SYBG.DE's 0.15% 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
EXHB.DE vs. SYBG.DE - Dividend Comparison
EXHB.DE's dividend yield for the trailing twelve months is around 1.39%, less than SYBG.DE's 3.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXHB.DE iShares eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE) | 1.39% | 0.96% | 0.72% | 0.60% | 1.05% | 0.97% | 0.80% | 1.06% | 0.97% | 1.50% | 1.42% | 1.49% |
SYBG.DE SPDR Bloomberg UK Gilt UCITS ETF | 3.73% | 3.64% | 2.65% | 1.69% | 1.22% | 0.82% | 1.11% | 1.14% | 1.27% | 1.60% | 1.77% | 1.89% |
Frequently Asked Questions
EXHB.DE and SYBG.DE have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SYBG.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SYBG.DE is cheaper with a 0.15% expense ratio, compared with 0.16% for EXHB.DE.
EXHB.DE tracks eb.rexx® Government Germany 1.5-2.5, while SYBG.DE tracks Bloomberg UK Gilt. They also come from different issuers: iShares and State Street. Their fees differ too: 0.16% for EXHB.DE and 0.15% for SYBG.DE.
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