IBCI.DE vs. SYBY.DE
IBCI.DE (iShares € Inflation Linked Govt Bond UCITS ETF) and SYBY.DE (State Street SPDR Bloomberg U.S. TIPS UCITS ETF (Dist)) are both Inflation-Protected Bonds funds - IBCI.DE tracks the Bloomberg Euro Government Inflation-Linked Bond Index while SYBY.DE tracks the Bloomberg U.S. Government Inflation-Linked Bond Index. Both are passively managed. Over the past 10 years, IBCI.DE returned 1.37%/yr vs 1.99%/yr for SYBY.DE. At a 0.24 correlation, their price movements are largely independent. IBCI.DE charges 0.09%/yr vs 0.05%/yr for SYBY.DE.
Performance
IBCI.DE vs. SYBY.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBCI.DE achieves a 2.73% return, which is significantly lower than SYBY.DE's 4.10% return. Over the past 10 years, IBCI.DE has underperformed SYBY.DE with an annualized return of 1.37%, while SYBY.DE has yielded a comparatively higher 1.99% annualized return.
IBCI.DE
- 1D
- -0.03%
- 1M
- -0.44%
- 6M
- 1.64%
- YTD
- 2.73%
- 1Y
- 2.89%
- 3Y*
- 1.85%
- 5Y*
- 0.45%
- 10Y*
- 1.37%
SYBY.DE
- 1D
- 0.56%
- 1M
- 1.04%
- 6M
- 2.53%
- YTD
- 4.10%
- 1Y
- 4.95%
- 3Y*
- 3.04%
- 5Y*
- 1.08%
- 10Y*
- 1.99%
IBCI.DE vs. SYBY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBCI.DE iShares € Inflation Linked Govt Bond UCITS ETF | 2.73% | 0.81% | -0.17% | 5.41% | -9.30% | 6.19% | 2.83% | 6.31% | -1.54% | 1.05% |
SYBY.DE State Street SPDR Bloomberg U.S. TIPS UCITS ETF (Dist) | 4.10% | -5.00% | 7.62% | -0.07% | -7.04% | 14.66% | 1.22% | 11.32% | 3.18% | -9.26% |
Correlation
The correlation between IBCI.DE and SYBY.DE is 0.06, 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 | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2015 | 0.24 |
The correlation between IBCI.DE and SYBY.DE shifts across timeframes, from 0.06 (1 year) to 0.32 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IBCI.DE vs. SYBY.DE — Risk / Return Rank
IBCI.DE
SYBY.DE
IBCI.DE vs. SYBY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € Inflation Linked Govt Bond UCITS ETF (IBCI.DE) and State Street SPDR Bloomberg U.S. TIPS UCITS ETF (Dist) (SYBY.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.
| IBCI.DE | SYBY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.15 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 1.23 | +0.31 |
| Martin ratioReturn relative to average drawdown | 3.99 | 3.34 | +0.65 |
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Drawdowns
IBCI.DE vs. SYBY.DE - Drawdown Comparison
The maximum IBCI.DE drawdown since its inception was -16.37%, roughly equal to the maximum SYBY.DE drawdown of -16.23%. Use the drawdown chart below to compare losses from any high point for IBCI.DE and SYBY.DE.
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Drawdown Indicators
| IBCI.DE | SYBY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.37% | -16.23% | -0.14% |
Max Drawdown (1Y)Largest decline over 1 year | -1.87% | -4.00% | +2.13% |
Max Drawdown (3Y)Largest decline over 3 years | -5.34% | -10.80% | +5.46% |
Max Drawdown (5Y)Largest decline over 5 years | -16.37% | -15.32% | -1.05% |
Max Drawdown (10Y)Largest decline over 10 years | -16.37% | -15.84% | -0.53% |
Current DrawdownCurrent decline from peak | -5.92% | -7.03% | +1.11% |
Average DrawdownAverage peak-to-trough decline | -3.77% | -6.96% | +3.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.72% | 1.48% | -0.76% |
Volatility
IBCI.DE vs. SYBY.DE - Volatility Comparison
The current volatility for iShares € Inflation Linked Govt Bond UCITS ETF (IBCI.DE) is 0.80%, while State Street SPDR Bloomberg U.S. TIPS UCITS ETF (Dist) (SYBY.DE) has a volatility of 1.33%. This indicates that IBCI.DE experiences smaller price fluctuations and is considered to be less risky than SYBY.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBCI.DE | SYBY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.80% | 1.33% | -0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 3.00% | 4.06% | -1.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.72% | 5.88% | -2.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.85% | 8.33% | -1.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.15% | 8.00% | -1.85% |
IBCI.DE vs. SYBY.DE - Expense Ratio Comparison
IBCI.DE has a 0.09% expense ratio, which is higher than SYBY.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
IBCI.DE vs. SYBY.DE - Dividend Comparison
IBCI.DE has not paid dividends to shareholders, while SYBY.DE's dividend yield for the trailing twelve months is around 4.35%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
IBCI.DE iShares € Inflation Linked Govt Bond UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SYBY.DE State Street SPDR Bloomberg U.S. TIPS UCITS ETF (Dist) | 4.35% | 3.65% | 3.92% | 4.33% | 7.80% | 3.17% | 0.81% | 1.79% | 2.79% | 1.92% | 1.28% |
Frequently Asked Questions
IBCI.DE and SYBY.DE have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SYBY.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SYBY.DE is cheaper with a 0.05% expense ratio, compared with 0.09% for IBCI.DE.
IBCI.DE tracks Bloomberg Euro Government Inflation-Linked Bond Index, while SYBY.DE tracks Bloomberg U.S. Government Inflation-Linked Bond Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.09% for IBCI.DE and 0.05% for SYBY.DE.
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