EXHC.DE vs. SYB5.DE
EXHC.DE (iShares eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE)) and SYB5.DE (State Street SPDR Bloomberg 1-5 Year Gilt UCITS ETF (Dist)) are both Government Bonds funds - EXHC.DE tracks the eb.rexx Government Germany 2.5-5.5 Index while SYB5.DE tracks the Bloomberg Sterling 1-5 Year Aggregate Gilts Bond Index. Both are passively managed. Over the past 10 years, EXHC.DE returned -0.68%/yr vs 0.46%/yr for SYB5.DE. At a 0.28 correlation, their price movements are largely independent. EXHC.DE charges 0.16%/yr vs 0.15%/yr for SYB5.DE.
Performance
EXHC.DE vs. SYB5.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXHC.DE achieves a -0.30% return, which is significantly lower than SYB5.DE's 3.17% return. Over the past 10 years, EXHC.DE has underperformed SYB5.DE with an annualized return of -0.68%, while SYB5.DE has yielded a comparatively higher 0.46% annualized return.
EXHC.DE
- 1D
- 0.02%
- 1M
- -0.51%
- 6M
- -0.56%
- YTD
- -0.30%
- 1Y
- -0.29%
- 3Y*
- 1.91%
- 5Y*
- -1.04%
- 10Y*
- -0.68%
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%
EXHC.DE vs. SYB5.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXHC.DE iShares eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE) | -0.30% | 1.16% | 1.57% | 4.17% | -10.23% | -1.37% | -0.09% | -0.18% | 0.47% | -1.24% |
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 EXHC.DE and SYB5.DE is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since May 18, 2012 | 0.28 |
The correlation between EXHC.DE and SYB5.DE shifts across timeframes, from 0.28 (all time) to 0.46 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EXHC.DE vs. SYB5.DE — Risk / Return Rank
EXHC.DE
SYB5.DE
EXHC.DE vs. SYB5.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE) (EXHC.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.
| EXHC.DE | SYB5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.06 | ||
| Sortino ratioReturn per unit of downside risk | -1.50 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.17 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.14 | 2.12 | -2.26 |
| Martin ratioReturn relative to average drawdown | -0.32 | 5.59 | -5.91 |
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Drawdowns
EXHC.DE vs. SYB5.DE - Drawdown Comparison
The maximum EXHC.DE drawdown since its inception was -14.39%, smaller than the maximum SYB5.DE drawdown of -26.72%. Use the drawdown chart below to compare losses from any high point for EXHC.DE and SYB5.DE.
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Drawdown Indicators
| EXHC.DE | SYB5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.39% | -26.72% | +12.33% |
Max Drawdown (1Y)Largest decline over 1 year | -2.06% | -2.02% | -0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -2.33% | -4.43% | +2.10% |
Max Drawdown (5Y)Largest decline over 5 years | -12.55% | -15.56% | +3.01% |
Max Drawdown (10Y)Largest decline over 10 years | -14.39% | -16.19% | +1.80% |
Current DrawdownCurrent decline from peak | -7.40% | -10.23% | +2.83% |
Average DrawdownAverage peak-to-trough decline | -2.91% | -13.57% | +10.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 0.77% | +0.13% |
Volatility
EXHC.DE vs. SYB5.DE - Volatility Comparison
The current volatility for iShares eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE) (EXHC.DE) is 0.66%, while State Street SPDR Bloomberg 1-5 Year Gilt UCITS ETF (Dist) (SYB5.DE) has a volatility of 1.38%. This indicates that EXHC.DE experiences smaller price fluctuations and is considered to be less risky 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
| EXHC.DE | SYB5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.66% | 1.38% | -0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 2.11% | 3.51% | -1.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.43% | 4.56% | -2.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.59% | 6.28% | -2.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.77% | 6.93% | -4.16% |
EXHC.DE vs. SYB5.DE - Expense Ratio Comparison
EXHC.DE has a 0.16% expense ratio, which is higher than SYB5.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
EXHC.DE vs. SYB5.DE - Dividend Comparison
EXHC.DE's dividend yield for the trailing twelve months is around 1.41%, less than SYB5.DE's 3.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXHC.DE iShares eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE) | 1.41% | 1.38% | 1.11% | 0.81% | 0.41% | 0.68% | 0.86% | 1.08% | 0.91% | 1.34% | 1.65% | 1.82% |
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
EXHC.DE and SYB5.DE have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SYB5.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SYB5.DE is cheaper with a 0.15% expense ratio, compared with 0.16% for EXHC.DE.
EXHC.DE tracks eb.rexx Government Germany 2.5-5.5 Index, while SYB5.DE tracks Bloomberg Sterling 1-5 Year Aggregate Gilts Bond Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.16% for EXHC.DE and 0.15% for SYB5.DE.
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