IUSM.DE vs. SYBT.DE
IUSM.DE (iShares USD Treasury Bond 7-10yr UCITS ETF (Dist)) and SYBT.DE (SPDR Bloomberg US Treasury Bond UCITS ETF) are both Government Bonds funds - IUSM.DE tracks the ICE US Treasury 7-10 Year while SYBT.DE tracks the Bloomberg US Treasury. Both are passively managed. Over the past 10 years, IUSM.DE returned 0.29%/yr vs 0.75%/yr for SYBT.DE. Their correlation of 0.94 suggests significant overlap in exposure. IUSM.DE charges 0.07%/yr vs 0.15%/yr for SYBT.DE.
Performance
IUSM.DE vs. SYBT.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IUSM.DE achieves a 0.22% return, which is significantly lower than SYBT.DE's 0.91% return. Over the past 10 years, IUSM.DE has underperformed SYBT.DE with an annualized return of 0.29%, while SYBT.DE has yielded a comparatively higher 0.75% annualized return.
IUSM.DE
- 1D
- 0.13%
- 1M
- 0.34%
- YTD
- 0.22%
- 6M
- -0.62%
- 1Y
- 1.33%
- 3Y*
- -0.48%
- 5Y*
- -0.31%
- 10Y*
- 0.29%
SYBT.DE
- 1D
- -0.19%
- 1M
- 0.79%
- YTD
- 0.91%
- 6M
- 0.11%
- 1Y
- 1.42%
- 3Y*
- 0.03%
- 5Y*
- 0.43%
- 10Y*
- 0.75%
IUSM.DE vs. SYBT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUSM.DE iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) | 0.22% | -4.06% | 5.00% | -0.24% | -9.67% | 4.92% | -0.18% | 11.27% | 4.84% | -10.05% |
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 IUSM.DE and SYBT.DE is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2011 | 0.94 |
The correlation between IUSM.DE and SYBT.DE has been stable across timeframes, ranging from 0.91 to 0.96 - a consistent structural relationship.
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Return for Risk
IUSM.DE vs. SYBT.DE — Risk / Return Rank
IUSM.DE
SYBT.DE
IUSM.DE vs. SYBT.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) (IUSM.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.
| IUSM.DE | SYBT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.05 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.30 | 0.34 | -0.04 |
| Martin ratioReturn relative to average drawdown | 0.74 | 0.88 | -0.14 |
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
| IUSM.DE | SYBT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.23 | 0.25 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | 0.05 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.03 | 0.10 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.35 | -0.08 |
Drawdowns
IUSM.DE vs. SYBT.DE - Drawdown Comparison
The maximum IUSM.DE drawdown since its inception was -21.40%, 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 IUSM.DE and SYBT.DE.
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Drawdown Indicators
| IUSM.DE | SYBT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.40% | -17.66% | -3.74% |
Max Drawdown (1Y)Largest decline over 1 year | -4.45% | -4.22% | -0.23% |
Max Drawdown (3Y)Largest decline over 3 years | -10.86% | -11.03% | +0.17% |
Max Drawdown (5Y)Largest decline over 5 years | -15.69% | -13.06% | -2.63% |
Max Drawdown (10Y)Largest decline over 10 years | -21.40% | -17.66% | -3.74% |
Current DrawdownCurrent decline from peak | -17.38% | -13.25% | -4.13% |
Average DrawdownAverage peak-to-trough decline | -10.30% | -8.61% | -1.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.79% | 1.62% | +0.17% |
Volatility
IUSM.DE vs. SYBT.DE - Volatility Comparison
The current volatility for iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) (IUSM.DE) is 1.14%, while SPDR Bloomberg US Treasury Bond UCITS ETF (SYBT.DE) has a volatility of 1.34%. This indicates that IUSM.DE experiences smaller price fluctuations and is considered to be less risky 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
| IUSM.DE | SYBT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.14% | 1.34% | -0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 4.00% | 4.16% | -0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.78% | 5.77% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.96% | 8.18% | +0.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.33% | 7.74% | +0.59% |
IUSM.DE vs. SYBT.DE - Expense Ratio Comparison
IUSM.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
IUSM.DE vs. SYBT.DE - Dividend Comparison
IUSM.DE's dividend yield for the trailing twelve months is around 3.72%, more than SYBT.DE's 3.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IUSM.DE iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) | 3.72% | 3.73% | 3.65% | 2.91% | 1.93% | 0.96% | 1.53% | 2.24% | 2.07% | 1.83% | 1.66% | 1.84% |
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
With a correlation of 0.91, IUSM.DE and SYBT.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, IUSM.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUSM.DE is cheaper with a 0.07% expense ratio, compared with 0.15% for SYBT.DE.
IUSM.DE tracks ICE US Treasury 7-10 Year, while SYBT.DE tracks Bloomberg US Treasury. They also come from different issuers: iShares and State Street. Their fees differ too: 0.07% for IUSM.DE and 0.15% for SYBT.DE.
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