IS3V.DE vs. SYBY.DE
IS3V.DE (iShares Global Inflation Linked Government Bond UCITS ETF (EUR Hedged) Acc) and SYBY.DE (State Street SPDR Bloomberg U.S. TIPS UCITS ETF (Dist)) are both Inflation-Protected Bonds funds - IS3V.DE tracks the Bloomberg World Government Inflation-Linked Bond (EUR Hedged) while SYBY.DE tracks the Bloomberg U.S. Government Inflation-Linked Bond Index. Both are passively managed. Over the past 5 years, IS3V.DE returned -3.15%/yr vs 1.08%/yr for SYBY.DE. At a 0.35 correlation, their price movements are largely independent. IS3V.DE charges 0.20%/yr vs 0.05%/yr for SYBY.DE.
Performance
IS3V.DE vs. SYBY.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3V.DE achieves a 0.22% return, which is significantly lower than SYBY.DE's 4.10% return.
IS3V.DE
- 1D
- 0.22%
- 1M
- -0.66%
- 6M
- -0.22%
- YTD
- 0.22%
- 1Y
- 1.56%
- 3Y*
- 0.74%
- 5Y*
- -3.15%
- 10Y*
- —
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%
IS3V.DE vs. SYBY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IS3V.DE iShares Global Inflation Linked Government Bond UCITS ETF (EUR Hedged) Acc | 0.22% | 2.48% | -2.21% | 1.80% | -19.24% | 4.95% | 5.21% |
SYBY.DE State Street SPDR Bloomberg U.S. TIPS UCITS ETF (Dist) | 4.10% | -5.00% | 7.62% | -0.07% | -7.04% | 14.66% | -7.06% |
Correlation
The correlation between IS3V.DE and SYBY.DE is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2020 | 0.35 |
Over the past year, the correlation between IS3V.DE and SYBY.DE has dropped to 0.10 - well below their long-term average of 0.35, suggesting their price drivers have been diverging.
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Return for Risk
IS3V.DE vs. SYBY.DE — Risk / Return Rank
IS3V.DE
SYBY.DE
IS3V.DE vs. SYBY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Inflation Linked Government Bond UCITS ETF (EUR Hedged) Acc (IS3V.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.
| IS3V.DE | SYBY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.15 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.52 | 1.23 | -0.72 |
| Martin ratioReturn relative to average drawdown | 1.12 | 3.34 | -2.22 |
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Drawdowns
IS3V.DE vs. SYBY.DE - Drawdown Comparison
The maximum IS3V.DE drawdown since its inception was -24.46%, which is greater than SYBY.DE's maximum drawdown of -16.23%. Use the drawdown chart below to compare losses from any high point for IS3V.DE and SYBY.DE.
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Drawdown Indicators
| IS3V.DE | SYBY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.46% | -16.23% | -8.23% |
Max Drawdown (1Y)Largest decline over 1 year | -3.00% | -4.00% | +1.00% |
Max Drawdown (3Y)Largest decline over 3 years | -5.40% | -10.80% | +5.40% |
Max Drawdown (5Y)Largest decline over 5 years | -24.46% | -15.32% | -9.14% |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.84% | — |
Current DrawdownCurrent decline from peak | -18.75% | -7.03% | -11.72% |
Average DrawdownAverage peak-to-trough decline | -13.49% | -6.96% | -6.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 1.48% | -0.09% |
Volatility
IS3V.DE vs. SYBY.DE - Volatility Comparison
The current volatility for iShares Global Inflation Linked Government Bond UCITS ETF (EUR Hedged) Acc (IS3V.DE) is 1.23%, while State Street SPDR Bloomberg U.S. TIPS UCITS ETF (Dist) (SYBY.DE) has a volatility of 1.33%. This indicates that IS3V.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
| IS3V.DE | SYBY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 1.33% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 3.81% | 4.06% | -0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.01% | 5.88% | -0.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.80% | 8.33% | -0.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.33% | 8.00% | -0.67% |
IS3V.DE vs. SYBY.DE - Expense Ratio Comparison
IS3V.DE has a 0.20% 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
IS3V.DE vs. SYBY.DE - Dividend Comparison
IS3V.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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
IS3V.DE iShares Global Inflation Linked Government Bond UCITS ETF (EUR Hedged) Acc | 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
IS3V.DE and SYBY.DE have a correlation of 0.10, 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 0.20% for IS3V.DE.
IS3V.DE tracks Bloomberg World Government Inflation-Linked Bond (EUR Hedged), 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: 0.20% for IS3V.DE and 0.05% for SYBY.DE.
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