IS0L.DE vs. SYB3.DE
IS0L.DE (iShares Germany Government Bond UCITS ETF (Dist)) and SYB3.DE (SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF) are both European Government Bonds funds - IS0L.DE tracks the Bloomberg Euro Treasury Germany while SYB3.DE tracks the Bloomberg Euro 1-3 Year Treasury Bond. Both are passively managed. Over the past 10 years, IS0L.DE returned -1.31%/yr vs 0.18%/yr for SYB3.DE. At a 0.47 correlation, their price movements are largely independent. IS0L.DE charges 0.20%/yr vs 0.15%/yr for SYB3.DE.
Performance
IS0L.DE vs. SYB3.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS0L.DE achieves a -0.09% return, which is significantly lower than SYB3.DE's 0.06% return. Over the past 10 years, IS0L.DE has underperformed SYB3.DE with an annualized return of -1.31%, while SYB3.DE has yielded a comparatively higher 0.18% annualized return.
IS0L.DE
- 1D
- 0.09%
- 1M
- -0.08%
- YTD
- -0.09%
- 6M
- -0.26%
- 1Y
- -1.03%
- 3Y*
- 0.83%
- 5Y*
- -3.06%
- 10Y*
- -1.31%
SYB3.DE
- 1D
- 0.04%
- 1M
- 0.02%
- YTD
- 0.06%
- 6M
- 0.22%
- 1Y
- 0.91%
- 3Y*
- 2.60%
- 5Y*
- 0.59%
- 10Y*
- 0.18%
IS0L.DE vs. SYB3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS0L.DE iShares Germany Government Bond UCITS ETF (Dist) | -0.09% | -1.50% | 0.13% | 5.16% | -17.86% | -2.55% | 2.69% | 2.82% | 2.31% | -1.63% |
SYB3.DE SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF | 0.06% | 2.26% | 2.98% | 3.26% | -4.94% | -0.83% | -0.16% | 0.22% | -0.32% | -0.51% |
Correlation
The correlation between IS0L.DE and SYB3.DE is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2012 | 0.47 |
Over the past year, IS0L.DE and SYB3.DE have become more correlated (0.69) than their long-term average of 0.47, meaning their price movements have been converging.
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Return for Risk
IS0L.DE vs. SYB3.DE — Risk / Return Rank
IS0L.DE
SYB3.DE
IS0L.DE vs. SYB3.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Germany Government Bond UCITS ETF (Dist) (IS0L.DE) and SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF (SYB3.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.
| IS0L.DE | SYB3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.97 | ||
| Sortino ratioReturn per unit of downside risk | -1.37 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.11 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.48 | 0.60 | -1.08 |
| Martin ratioReturn relative to average drawdown | -1.02 | 1.86 | -2.88 |
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
| IS0L.DE | SYB3.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.40 | 0.57 | -0.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.50 | 0.35 | -0.85 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.25 | 0.12 | -0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.03 | 0.56 | -0.59 |
Drawdowns
IS0L.DE vs. SYB3.DE - Drawdown Comparison
The maximum IS0L.DE drawdown since its inception was -23.96%, which is greater than SYB3.DE's maximum drawdown of -7.13%. Use the drawdown chart below to compare losses from any high point for IS0L.DE and SYB3.DE.
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Drawdown Indicators
| IS0L.DE | SYB3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.96% | -7.13% | -16.83% |
Max Drawdown (1Y)Largest decline over 1 year | -2.93% | -1.28% | -1.65% |
Max Drawdown (3Y)Largest decline over 3 years | -4.96% | -1.28% | -3.68% |
Max Drawdown (5Y)Largest decline over 5 years | -21.24% | -5.99% | -15.25% |
Max Drawdown (10Y)Largest decline over 10 years | -23.96% | -7.13% | -16.83% |
Current DrawdownCurrent decline from peak | -19.49% | -0.55% | -18.94% |
Average DrawdownAverage peak-to-trough decline | -7.79% | -1.39% | -6.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 0.41% | +0.98% |
Volatility
IS0L.DE vs. SYB3.DE - Volatility Comparison
iShares Germany Government Bond UCITS ETF (Dist) (IS0L.DE) has a higher volatility of 1.37% compared to SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF (SYB3.DE) at 0.52%. This indicates that IS0L.DE's price experiences larger fluctuations and is considered to be riskier than SYB3.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS0L.DE | SYB3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.37% | 0.52% | +0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 2.74% | 1.19% | +1.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.54% | 1.34% | +2.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.10% | 1.67% | +4.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.27% | 1.48% | +3.79% |
IS0L.DE vs. SYB3.DE - Expense Ratio Comparison
IS0L.DE has a 0.20% expense ratio, which is higher than SYB3.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
IS0L.DE vs. SYB3.DE - Dividend Comparison
IS0L.DE's dividend yield for the trailing twelve months is around 2.19%, less than SYB3.DE's 2.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS0L.DE iShares Germany Government Bond UCITS ETF (Dist) | 2.19% | 2.19% | 2.13% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.35% |
SYB3.DE SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF | 2.28% | 1.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.04% | 0.34% |
Frequently Asked Questions
IS0L.DE and SYB3.DE have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SYB3.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SYB3.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for IS0L.DE.
IS0L.DE tracks Bloomberg Euro Treasury Germany, while SYB3.DE tracks Bloomberg Euro 1-3 Year Treasury Bond. They also come from different issuers: iShares and State Street. Their fees differ too: 0.20% for IS0L.DE and 0.15% for SYB3.DE.
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