IBCC.DE vs. SYBW.DE
IBCC.DE (iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist)) and SYBW.DE (State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist)) are both Government Bonds funds - IBCC.DE tracks the ICE US Treasury Short Bond Index while SYBW.DE tracks the Bloomberg U.S. 1-3 Year Treasury Bond Index. Both are passively managed. Over the past 5 years, IBCC.DE returned 4.12%/yr vs 2.52%/yr for SYBW.DE. Their correlation of 0.93 suggests significant overlap in exposure. IBCC.DE charges 0.07%/yr vs 0.05%/yr for SYBW.DE.
Performance
IBCC.DE vs. SYBW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBCC.DE achieves a 4.60% return, which is significantly higher than SYBW.DE's 3.77% return.
IBCC.DE
- 1D
- 0.00%
- 1M
- 1.63%
- 6M
- 3.15%
- YTD
- 4.60%
- 1Y
- 5.10%
- 3Y*
- 4.00%
- 5Y*
- 4.12%
- 10Y*
- —
SYBW.DE
- 1D
- 0.14%
- 1M
- 1.61%
- 6M
- 2.39%
- YTD
- 3.77%
- 1Y
- 4.75%
- 3Y*
- 3.60%
- 5Y*
- 2.52%
- 10Y*
- 1.29%
IBCC.DE vs. SYBW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IBCC.DE iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist) | 4.60% | -7.23% | 11.42% | 1.23% | 7.25% | 8.42% | -8.13% | -8.71% |
SYBW.DE State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist) | 3.77% | -6.50% | 9.98% | 0.49% | 2.02% | 7.59% | -6.16% | 4.41% |
Correlation
The correlation between IBCC.DE and SYBW.DE is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2019 | 0.93 |
The correlation between IBCC.DE and SYBW.DE has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.
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Return for Risk
IBCC.DE vs. SYBW.DE — Risk / Return Rank
IBCC.DE
SYBW.DE
IBCC.DE vs. SYBW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBCC.DE) and State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist) (SYBW.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.
| IBCC.DE | SYBW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.15 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | 1.34 | +0.22 |
| Martin ratioReturn relative to average drawdown | 3.59 | 3.36 | +0.23 |
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Drawdowns
IBCC.DE vs. SYBW.DE - Drawdown Comparison
The maximum IBCC.DE drawdown since its inception was -16.17%, smaller than the maximum SYBW.DE drawdown of -28.24%. Use the drawdown chart below to compare losses from any high point for IBCC.DE and SYBW.DE.
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Drawdown Indicators
| IBCC.DE | SYBW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.17% | -28.24% | +12.07% |
Max Drawdown (1Y)Largest decline over 1 year | -3.24% | -3.52% | +0.28% |
Max Drawdown (3Y)Largest decline over 3 years | -11.59% | -10.87% | -0.72% |
Max Drawdown (5Y)Largest decline over 5 years | -11.69% | -12.61% | +0.92% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.37% | — |
Current DrawdownCurrent decline from peak | -5.33% | -5.13% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -7.97% | -9.74% | +1.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 1.40% | +0.02% |
Volatility
IBCC.DE vs. SYBW.DE - Volatility Comparison
iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBCC.DE) has a higher volatility of 1.36% compared to State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist) (SYBW.DE) at 1.12%. This indicates that IBCC.DE's price experiences larger fluctuations and is considered to be riskier than SYBW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBCC.DE | SYBW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.36% | 1.12% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 4.32% | 3.89% | +0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.13% | 5.46% | +0.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.57% | 7.16% | +0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.41% | 10.47% | -2.06% |
IBCC.DE vs. SYBW.DE - Expense Ratio Comparison
IBCC.DE has a 0.07% expense ratio, which is higher than SYBW.DE's 0.05% 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
IBCC.DE vs. SYBW.DE - Dividend Comparison
IBCC.DE's dividend yield for the trailing twelve months is around 3.99%, more than SYBW.DE's 3.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBCC.DE iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist) | 3.99% | 4.63% | 6.49% | 4.14% | 0.47% | 0.09% | 1.39% | 1.22% | 0.00% | 0.00% | 0.00% | 0.00% |
SYBW.DE State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist) | 3.82% | 4.34% | 3.98% | 3.01% | 0.64% | 0.54% | 1.91% | 2.03% | 1.33% | 1.05% | 0.68% | 0.53% |
Frequently Asked Questions
With a correlation of 0.94, IBCC.DE and SYBW.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, SYBW.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SYBW.DE is cheaper with a 0.05% expense ratio, compared with 0.07% for IBCC.DE.
IBCC.DE tracks ICE US Treasury Short Bond Index, while SYBW.DE tracks Bloomberg U.S. 1-3 Year Treasury Bond Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.07% for IBCC.DE and 0.05% for SYBW.DE.
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