IS04.DE vs. SYBT.DE
IS04.DE (iShares USD Treasury Bond 20+yr UCITS ETF (Dist)) and SYBT.DE (SPDR Bloomberg US Treasury Bond UCITS ETF) are both Government Bonds funds - IS04.DE tracks the ICE U.S. Treasury 20+ Year Bond Index while SYBT.DE tracks the Bloomberg US Treasury. Both are passively managed. Over the past 10 years, IS04.DE returned -1.74%/yr vs 0.75%/yr for SYBT.DE. A 0.77 correlation means they provide meaningful diversification when combined. IS04.DE charges 0.07%/yr vs 0.15%/yr for SYBT.DE.
Performance
IS04.DE vs. SYBT.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS04.DE achieves a 0.81% return, which is significantly lower than SYBT.DE's 0.91% return. Over the past 10 years, IS04.DE has underperformed SYBT.DE with an annualized return of -1.74%, while SYBT.DE has yielded a comparatively higher 0.75% annualized return.
IS04.DE
- 1D
- 0.41%
- 1M
- 0.97%
- YTD
- 0.81%
- 6M
- -0.32%
- 1Y
- 2.27%
- 3Y*
- -4.20%
- 5Y*
- -5.21%
- 10Y*
- -1.74%
SYBT.DE
- 1D
- -0.19%
- 1M
- 0.53%
- YTD
- 0.91%
- 6M
- 0.10%
- 1Y
- 1.73%
- 3Y*
- 0.03%
- 5Y*
- 0.43%
- 10Y*
- 0.75%
IS04.DE vs. SYBT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS04.DE iShares USD Treasury Bond 20+yr UCITS ETF (Dist) | 0.81% | -6.95% | -2.51% | -1.21% | -26.01% | 3.49% | 6.49% | 18.18% | 2.70% | -4.33% |
SYBT.DE SPDR Bloomberg US Treasury Bond UCITS ETF | 0.91% | -5.48% | 6.46% | 0.26% | -7.00% | 5.72% | -1.94% | 10.87% | 5.29% | -10.13% |
Correlation
The correlation between IS04.DE and SYBT.DE is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2015 | 0.77 |
The correlation between IS04.DE and SYBT.DE shifts across timeframes, from 0.66 (1 year) to 0.78 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
IS04.DE vs. SYBT.DE — Risk / Return Rank
IS04.DE
SYBT.DE
IS04.DE vs. SYBT.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Treasury Bond 20+yr UCITS ETF (Dist) (IS04.DE) and SPDR Bloomberg US Treasury Bond UCITS ETF (SYBT.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.
| IS04.DE | SYBT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.05 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.29 | 0.34 | -0.05 |
| Martin ratioReturn relative to average drawdown | 0.62 | 0.88 | -0.26 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IS04.DE | SYBT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.22 | 0.25 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.34 | 0.05 | -0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.12 | 0.10 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | 0.35 | -0.44 |
Drawdowns
IS04.DE vs. SYBT.DE - Drawdown Comparison
The maximum IS04.DE drawdown since its inception was -47.19%, which is greater than SYBT.DE's maximum drawdown of -17.66%. Use the drawdown chart below to compare losses from any high point for IS04.DE and SYBT.DE.
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Drawdown Indicators
| IS04.DE | SYBT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.19% | -17.66% | -29.53% |
Max Drawdown (1Y)Largest decline over 1 year | -7.33% | -4.22% | -3.11% |
Max Drawdown (3Y)Largest decline over 3 years | -18.47% | -11.03% | -7.44% |
Max Drawdown (5Y)Largest decline over 5 years | -40.05% | -13.06% | -26.99% |
Max Drawdown (10Y)Largest decline over 10 years | -47.19% | -17.66% | -29.53% |
Current DrawdownCurrent decline from peak | -43.69% | -13.25% | -30.44% |
Average DrawdownAverage peak-to-trough decline | -21.89% | -8.61% | -13.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.45% | 1.62% | +1.83% |
Volatility
IS04.DE vs. SYBT.DE - Volatility Comparison
iShares USD Treasury Bond 20+yr UCITS ETF (Dist) (IS04.DE) has a higher volatility of 2.47% compared to SPDR Bloomberg US Treasury Bond UCITS ETF (SYBT.DE) at 1.34%. This indicates that IS04.DE's price experiences larger fluctuations and is considered to be riskier than SYBT.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS04.DE | SYBT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.47% | 1.34% | +1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 6.52% | 4.16% | +2.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.70% | 5.77% | +3.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.21% | 8.18% | +7.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.69% | 7.74% | +6.95% |
IS04.DE vs. SYBT.DE - Expense Ratio Comparison
IS04.DE has a 0.07% expense ratio, which is lower than SYBT.DE's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IS04.DE vs. SYBT.DE - Dividend Comparison
IS04.DE's dividend yield for the trailing twelve months is around 4.35%, more than SYBT.DE's 3.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS04.DE iShares USD Treasury Bond 20+yr UCITS ETF (Dist) | 4.35% | 4.38% | 4.62% | 3.82% | 3.04% | 1.71% | 1.86% | 2.49% | 2.79% | 2.72% | 2.56% | 2.14% |
SYBT.DE SPDR Bloomberg US Treasury Bond UCITS ETF | 3.62% | 3.70% | 2.94% | 2.22% | 1.31% | 0.92% | 1.98% | 3.24% | 1.58% | 1.66% | 1.29% | 1.25% |
Frequently Asked Questions
IS04.DE and SYBT.DE have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS04.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS04.DE is cheaper with a 0.07% expense ratio, compared with 0.15% for SYBT.DE.
IS04.DE tracks ICE U.S. Treasury 20+ Year Bond Index, while SYBT.DE tracks Bloomberg US Treasury. They also come from different issuers: iShares and State Street. Their fees differ too: 0.07% for IS04.DE and 0.15% for SYBT.DE.
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