IS0L.DE vs. SYBB.DE
IS0L.DE (iShares Germany Government Bond UCITS ETF (Dist)) and SYBB.DE (SPDR Bloomberg Euro Government Bond UCITS ETF Dist) are both European Government Bonds funds - IS0L.DE tracks the Bloomberg Euro Treasury Germany while SYBB.DE tracks the Bloomberg Euro Treasury Bond. Both are passively managed. Over the past 10 years, IS0L.DE returned -1.31%/yr vs -0.33%/yr for SYBB.DE. Their correlation of 0.81 suggests significant overlap in exposure. IS0L.DE charges 0.20%/yr vs 0.10%/yr for SYBB.DE.
Performance
IS0L.DE vs. SYBB.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 SYBB.DE's 0.36% return. Over the past 10 years, IS0L.DE has underperformed SYBB.DE with an annualized return of -1.31%, while SYBB.DE has yielded a comparatively higher -0.33% 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%
SYBB.DE
- 1D
- 0.10%
- 1M
- -0.01%
- YTD
- 0.36%
- 6M
- 0.21%
- 1Y
- 0.47%
- 3Y*
- 2.42%
- 5Y*
- -2.27%
- 10Y*
- -0.33%
IS0L.DE vs. SYBB.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% |
SYBB.DE SPDR Bloomberg Euro Government Bond UCITS ETF Dist | 0.36% | 0.60% | 1.49% | 6.80% | -18.49% | -3.34% | 4.67% | 6.73% | 0.84% | -0.08% |
Correlation
The correlation between IS0L.DE and SYBB.DE is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2012 | 0.81 |
The correlation between IS0L.DE and SYBB.DE shifts across timeframes, from 0.81 (all time) to 0.94 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IS0L.DE vs. SYBB.DE — Risk / Return Rank
IS0L.DE
SYBB.DE
IS0L.DE vs. SYBB.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 Euro Government Bond UCITS ETF Dist (SYBB.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 | SYBB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.58 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.01 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.48 | 0.02 | -0.50 |
| Martin ratioReturn relative to average drawdown | -1.02 | 0.06 | -1.08 |
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 | SYBB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.40 | 0.02 | -0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.50 | -0.35 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.25 | -0.06 | -0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.03 | 0.40 | -0.43 |
Drawdowns
IS0L.DE vs. SYBB.DE - Drawdown Comparison
The maximum IS0L.DE drawdown since its inception was -23.96%, which is greater than SYBB.DE's maximum drawdown of -22.70%. Use the drawdown chart below to compare losses from any high point for IS0L.DE and SYBB.DE.
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Drawdown Indicators
| IS0L.DE | SYBB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.96% | -22.70% | -1.26% |
Max Drawdown (1Y)Largest decline over 1 year | -2.93% | -3.38% | +0.45% |
Max Drawdown (3Y)Largest decline over 3 years | -4.96% | -3.98% | -0.98% |
Max Drawdown (5Y)Largest decline over 5 years | -21.24% | -21.75% | +0.51% |
Max Drawdown (10Y)Largest decline over 10 years | -23.96% | -22.70% | -1.26% |
Current DrawdownCurrent decline from peak | -19.49% | -14.16% | -5.33% |
Average DrawdownAverage peak-to-trough decline | -7.79% | -6.07% | -1.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 1.33% | +0.06% |
Volatility
IS0L.DE vs. SYBB.DE - Volatility Comparison
The current volatility for iShares Germany Government Bond UCITS ETF (Dist) (IS0L.DE) is 1.37%, while SPDR Bloomberg Euro Government Bond UCITS ETF Dist (SYBB.DE) has a volatility of 1.63%. This indicates that IS0L.DE experiences smaller price fluctuations and is considered to be less risky than SYBB.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 | SYBB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.37% | 1.63% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 2.74% | 3.99% | -1.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.54% | 4.74% | -1.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.10% | 6.39% | -0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.27% | 5.44% | -0.17% |
IS0L.DE vs. SYBB.DE - Expense Ratio Comparison
IS0L.DE has a 0.20% expense ratio, which is higher than SYBB.DE's 0.10% 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. SYBB.DE - Dividend Comparison
IS0L.DE's dividend yield for the trailing twelve months is around 2.19%, less than SYBB.DE's 2.35% 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% |
SYBB.DE SPDR Bloomberg Euro Government Bond UCITS ETF Dist | 2.35% | 2.14% | 1.45% | 0.76% | 0.18% | 0.08% | 0.28% | 0.59% | 0.66% | 0.73% | 0.82% | 1.26% |
Frequently Asked Questions
IS0L.DE and SYBB.DE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SYBB.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SYBB.DE is cheaper with a 0.10% expense ratio, compared with 0.20% for IS0L.DE.
IS0L.DE tracks Bloomberg Euro Treasury Germany, while SYBB.DE tracks Bloomberg Euro Treasury Bond. They also come from different issuers: iShares and State Street. Their fees differ too: 0.20% for IS0L.DE and 0.10% for SYBB.DE.
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