IUSM.DE vs. SYBW.DE
IUSM.DE (iShares USD Treasury Bond 7-10yr UCITS ETF (Dist)) and SYBW.DE (State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist)) are both Government Bonds funds - IUSM.DE tracks the ICE US Treasury 7-10 Year while SYBW.DE tracks the Bloomberg U.S. 1-3 Year Treasury Bond Index. Both are passively managed. Over the past 10 years, IUSM.DE returned 0.24%/yr vs 1.29%/yr for SYBW.DE. A 0.72 correlation means they provide meaningful diversification when combined. IUSM.DE charges 0.07%/yr vs 0.05%/yr for SYBW.DE.
Performance
IUSM.DE vs. SYBW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IUSM.DE achieves a 2.21% return, which is significantly lower than SYBW.DE's 3.77% return. Over the past 10 years, IUSM.DE has underperformed SYBW.DE with an annualized return of 0.24%, while SYBW.DE has yielded a comparatively higher 1.29% annualized return.
IUSM.DE
- 1D
- 0.27%
- 1M
- 1.04%
- 6M
- 1.15%
- YTD
- 2.21%
- 1Y
- 5.12%
- 3Y*
- 2.12%
- 5Y*
- -0.67%
- 10Y*
- 0.24%
SYBW.DE
- 1D
- 0.14%
- 1M
- 1.61%
- 6M
- 2.39%
- YTD
- 3.77%
- 1Y
- 4.75%
- 3Y*
- 3.60%
- 5Y*
- 2.52%
- 10Y*
- 1.29%
IUSM.DE vs. SYBW.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) | 2.21% | -3.56% | 5.27% | 0.00% | -9.60% | 5.10% | -0.01% | 11.55% | 5.19% | -9.84% |
SYBW.DE State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist) | 3.77% | -6.50% | 9.98% | 0.49% | 2.02% | 7.59% | -6.16% | 5.97% | 6.10% | -11.87% |
Correlation
The correlation between IUSM.DE and SYBW.DE is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Aug 27, 2013 | 0.72 |
The correlation between IUSM.DE and SYBW.DE has been stable across timeframes, ranging from 0.67 to 0.74 - a consistent structural relationship.
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Return for Risk
IUSM.DE vs. SYBW.DE — Risk / Return Rank
IUSM.DE
SYBW.DE
IUSM.DE vs. SYBW.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 State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist) (SYBW.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.
| IUSM.DE | SYBW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.15 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 1.34 | -0.20 |
| Martin ratioReturn relative to average drawdown | 2.92 | 3.36 | -0.44 |
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Drawdowns
IUSM.DE vs. SYBW.DE - Drawdown Comparison
The maximum IUSM.DE drawdown since its inception was -21.00%, smaller than the maximum SYBW.DE drawdown of -28.24%. Use the drawdown chart below to compare losses from any high point for IUSM.DE and SYBW.DE.
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Drawdown Indicators
| IUSM.DE | SYBW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.00% | -28.24% | +7.24% |
Max Drawdown (1Y)Largest decline over 1 year | -4.45% | -3.52% | -0.93% |
Max Drawdown (3Y)Largest decline over 3 years | -10.66% | -10.87% | +0.21% |
Max Drawdown (5Y)Largest decline over 5 years | -15.56% | -12.61% | -2.95% |
Max Drawdown (10Y)Largest decline over 10 years | -21.00% | -20.37% | -0.63% |
Current DrawdownCurrent decline from peak | -14.54% | -5.13% | -9.41% |
Average DrawdownAverage peak-to-trough decline | -9.61% | -9.74% | +0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.75% | 1.40% | +0.35% |
Volatility
IUSM.DE vs. SYBW.DE - Volatility Comparison
iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) (IUSM.DE) has a higher volatility of 1.40% compared to State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist) (SYBW.DE) at 1.12%. This indicates that IUSM.DE's price experiences larger fluctuations and is considered to be riskier than SYBW.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 | SYBW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.40% | 1.12% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 3.93% | 3.89% | +0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.70% | 5.46% | +0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.93% | 7.16% | +1.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.18% | 10.47% | -2.29% |
IUSM.DE vs. SYBW.DE - Expense Ratio Comparison
IUSM.DE has a 0.07% expense ratio, which is higher than SYBW.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
IUSM.DE vs. SYBW.DE - Dividend Comparison
IUSM.DE's dividend yield for the trailing twelve months is around 4.25%, more than SYBW.DE's 3.82% 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) | 4.25% | 4.25% | 3.91% | 3.15% | 2.01% | 1.12% | 1.71% | 2.49% | 2.39% | 2.07% | 1.85% | 2.03% |
SYBW.DE State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist) | 3.82% | 4.34% | 3.98% | 3.01% | 0.64% | 0.54% | 1.91% | 2.03% | 1.33% | 1.05% | 0.68% | 0.53% |
Frequently Asked Questions
IUSM.DE and SYBW.DE have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SYBW.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SYBW.DE is cheaper with a 0.05% expense ratio, compared with 0.07% for IUSM.DE.
IUSM.DE tracks ICE US Treasury 7-10 Year, while SYBW.DE tracks Bloomberg U.S. 1-3 Year Treasury Bond Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.07% for IUSM.DE and 0.05% for SYBW.DE.
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