IS0M.DE vs. SYB3.DE
IS0M.DE (iShares Italy Government Bond UCITS ETF EUR Dist) and SYB3.DE (SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF) are both European Government Bonds funds - IS0M.DE tracks the Bloomberg Italy Treasury Bond while SYB3.DE tracks the Bloomberg Euro 1-3 Year Treasury Bond. Both are passively managed. Over the past 10 years, IS0M.DE returned 0.92%/yr vs 0.18%/yr for SYB3.DE. A 0.59 correlation means they provide meaningful diversification when combined. IS0M.DE charges 0.20%/yr vs 0.15%/yr for SYB3.DE.
Performance
IS0M.DE vs. SYB3.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IS0M.DE achieves a -0.32% return, which is significantly lower than SYB3.DE's 0.06% return. Over the past 10 years, IS0M.DE has outperformed SYB3.DE with an annualized return of 0.92%, while SYB3.DE has yielded a comparatively lower 0.18% annualized return.
IS0M.DE
- 1D
- 0.01%
- 1M
- 0.82%
- YTD
- -0.32%
- 6M
- -0.34%
- 1Y
- 0.84%
- 3Y*
- 4.15%
- 5Y*
- -0.79%
- 10Y*
- 0.92%
SYB3.DE
- 1D
- 0.04%
- 1M
- 0.25%
- YTD
- 0.06%
- 6M
- 0.13%
- 1Y
- 0.77%
- 3Y*
- 2.60%
- 5Y*
- 0.59%
- 10Y*
- 0.18%
IS0M.DE vs. SYB3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS0M.DE iShares Italy Government Bond UCITS ETF EUR Dist | -0.32% | 3.07% | 4.66% | 9.14% | -17.24% | -2.99% | 7.54% | 10.45% | -1.48% | 0.31% |
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 IS0M.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 | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2012 | 0.59 |
The correlation between IS0M.DE and SYB3.DE shifts across timeframes, from 0.59 (all time) to 0.79 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IS0M.DE vs. SYB3.DE — Risk / Return Rank
IS0M.DE
SYB3.DE
IS0M.DE vs. SYB3.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Italy Government Bond UCITS ETF EUR Dist (IS0M.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.
| IS0M.DE | SYB3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.11 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.19 | 0.60 | -0.40 |
| Martin ratioReturn relative to average drawdown | 0.58 | 1.86 | -1.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IS0M.DE | SYB3.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.17 | 0.57 | -0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.11 | 0.35 | -0.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.14 | 0.12 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.56 | -0.07 |
Drawdowns
IS0M.DE vs. SYB3.DE - Drawdown Comparison
The maximum IS0M.DE drawdown since its inception was -21.08%, 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 IS0M.DE and SYB3.DE.
Loading charts...
Drawdown Indicators
| IS0M.DE | SYB3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.08% | -7.13% | -13.95% |
Max Drawdown (1Y)Largest decline over 1 year | -4.28% | -1.28% | -3.00% |
Max Drawdown (3Y)Largest decline over 3 years | -4.42% | -1.28% | -3.14% |
Max Drawdown (5Y)Largest decline over 5 years | -20.85% | -5.99% | -14.86% |
Max Drawdown (10Y)Largest decline over 10 years | -21.08% | -7.13% | -13.95% |
Current DrawdownCurrent decline from peak | -6.33% | -0.55% | -5.78% |
Average DrawdownAverage peak-to-trough decline | -5.53% | -1.39% | -4.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 0.41% | +1.02% |
Volatility
IS0M.DE vs. SYB3.DE - Volatility Comparison
iShares Italy Government Bond UCITS ETF EUR Dist (IS0M.DE) has a higher volatility of 1.99% compared to SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF (SYB3.DE) at 0.52%. This indicates that IS0M.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.
Loading charts...
Volatility by Period
| IS0M.DE | SYB3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.99% | 0.52% | +1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 4.25% | 1.19% | +3.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.84% | 1.34% | +3.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.80% | 1.67% | +5.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.73% | 1.48% | +5.25% |
IS0M.DE vs. SYB3.DE - Expense Ratio Comparison
IS0M.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
IS0M.DE vs. SYB3.DE - Dividend Comparison
IS0M.DE's dividend yield for the trailing twelve months is around 2.83%, more than SYB3.DE's 2.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS0M.DE iShares Italy Government Bond UCITS ETF EUR Dist | 2.83% | 2.82% | 2.66% | 2.10% | 1.05% | 0.74% | 0.98% | 1.45% | 1.37% | 1.37% | 1.47% | 1.83% |
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
IS0M.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 IS0M.DE.
IS0M.DE tracks Bloomberg Italy Treasury Bond, 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 IS0M.DE and 0.15% for SYB3.DE.
Find the right allocation for IS0M.DE and SYB3.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer