JA13.DE vs. SYBW.DE
JA13.DE (JPMorgan BetaBuilders US Treasury Bond 1-3 yr UCITS ETF) and SYBW.DE (State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist)) are both Government Bonds funds - JA13.DE tracks the J.P. Morgan Government Bond Index United States 1-3 Year Select Maturity while SYBW.DE tracks the Bloomberg U.S. 1-3 Year Treasury Bond Index. Both are passively managed. Over the past 5 years, JA13.DE returned 2.47%/yr vs 2.51%/yr for SYBW.DE. With a 0.99 correlation, they move nearly in lockstep. JA13.DE charges 0.07%/yr vs 0.05%/yr for SYBW.DE.
Performance
JA13.DE vs. SYBW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, JA13.DE achieves a 3.36% return, which is significantly lower than SYBW.DE's 3.74% return.
JA13.DE
- 1D
- -0.25%
- 1M
- 1.31%
- 6M
- 2.39%
- YTD
- 3.36%
- 1Y
- 4.50%
- 3Y*
- 3.52%
- 5Y*
- 2.47%
- 10Y*
- —
SYBW.DE
- 1D
- 0.14%
- 1M
- 1.58%
- 6M
- 2.78%
- YTD
- 3.74%
- 1Y
- 4.90%
- 3Y*
- 3.66%
- 5Y*
- 2.51%
- 10Y*
- 1.34%
JA13.DE vs. SYBW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
JA13.DE JPMorgan BetaBuilders US Treasury Bond 1-3 yr UCITS ETF | 3.36% | -6.52% | 9.95% | 0.52% | 2.13% | 7.66% | -5.96% | 6.16% | -11.41% |
SYBW.DE State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist) | 3.74% | -6.50% | 9.98% | 0.49% | 2.02% | 7.59% | -6.16% | 5.97% | 3.44% |
Correlation
The correlation between JA13.DE and SYBW.DE is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 1.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Jun 6, 2018 | 0.99 |
The correlation between JA13.DE and SYBW.DE has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
JA13.DE vs. SYBW.DE — Risk / Return Rank
JA13.DE
SYBW.DE
JA13.DE vs. SYBW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders US Treasury Bond 1-3 yr UCITS ETF (JA13.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.
| JA13.DE | SYBW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.15 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.48 | 1.39 | +0.10 |
| Martin ratioReturn relative to average drawdown | 3.66 | 3.46 | +0.20 |
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Drawdowns
JA13.DE vs. SYBW.DE - Drawdown Comparison
The maximum JA13.DE drawdown since its inception was -15.21%, smaller than the maximum SYBW.DE drawdown of -28.24%. Use the drawdown chart below to compare losses from any high point for JA13.DE and SYBW.DE.
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Drawdown Indicators
| JA13.DE | SYBW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.21% | -28.24% | +13.03% |
Max Drawdown (1Y)Largest decline over 1 year | -3.53% | -3.52% | -0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -10.93% | -10.87% | -0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -12.52% | -12.61% | +0.09% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.37% | — |
Current DrawdownCurrent decline from peak | -5.49% | -5.15% | -0.34% |
Average DrawdownAverage peak-to-trough decline | -7.18% | -9.74% | +2.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 1.41% | +0.02% |
Volatility
JA13.DE vs. SYBW.DE - Volatility Comparison
JPMorgan BetaBuilders US Treasury Bond 1-3 yr UCITS ETF (JA13.DE) and State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist) (SYBW.DE) have volatilities of 1.43% and 1.41%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JA13.DE | SYBW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.43% | 1.41% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 3.90% | 3.90% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.53% | 5.54% | -0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.15% | 7.16% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.59% | 10.47% | -1.88% |
JA13.DE vs. SYBW.DE - Expense Ratio Comparison
JA13.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
JA13.DE vs. SYBW.DE - Dividend Comparison
JA13.DE has not paid dividends to shareholders, while SYBW.DE's dividend yield for the trailing twelve months is around 3.82%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JA13.DE JPMorgan BetaBuilders US Treasury Bond 1-3 yr UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.96% | 0.00% | 0.00% | 0.00% |
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
With a correlation of 0.99, JA13.DE and SYBW.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, 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 JA13.DE.
JA13.DE tracks J.P. Morgan Government Bond Index United States 1-3 Year Select Maturity, while SYBW.DE tracks Bloomberg U.S. 1-3 Year Treasury Bond Index. They also come from different issuers: JPMorgan and State Street. Their fees differ too: 0.07% for JA13.DE and 0.05% for SYBW.DE.
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