SECD.DE vs. SYBG.DE
SECD.DE (iShares Euro Government Bond Climate UCITS ETF EUR Dist) and SYBG.DE (SPDR Bloomberg UK Gilt UCITS ETF) are both European Government Bonds funds - SECD.DE tracks the FTSE Advanced Climate Risk-Adjusted European Monetary Union Government Bond while SYBG.DE tracks the Bloomberg UK Gilt. Both are passively managed. Over the past 5 years, SECD.DE returned -2.19%/yr vs -5.01%/yr for SYBG.DE. A 0.72 correlation means they provide meaningful diversification when combined. SECD.DE charges 0.09%/yr vs 0.15%/yr for SYBG.DE.
Performance
SECD.DE vs. SYBG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SECD.DE achieves a 0.13% return, which is significantly higher than SYBG.DE's -0.52% return.
SECD.DE
- 1D
- 0.11%
- 1M
- -0.05%
- YTD
- 0.13%
- 6M
- 0.20%
- 1Y
- 0.36%
- 3Y*
- 2.34%
- 5Y*
- -2.19%
- 10Y*
- —
SYBG.DE
- 1D
- 0.06%
- 1M
- 0.46%
- YTD
- -0.52%
- 6M
- -0.19%
- 1Y
- -0.66%
- 3Y*
- 1.99%
- 5Y*
- -5.01%
- 10Y*
- -2.10%
SECD.DE vs. SYBG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SECD.DE iShares Euro Government Bond Climate UCITS ETF EUR Dist | 0.13% | 0.63% | 1.57% | 6.94% | -18.16% | -3.30% | 1.19% |
SYBG.DE SPDR Bloomberg UK Gilt UCITS ETF | -0.52% | 0.15% | 0.09% | 5.36% | -28.98% | 2.15% | 1.64% |
Correlation
The correlation between SECD.DE and SYBG.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 | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2020 | 0.72 |
The correlation between SECD.DE and SYBG.DE has been stable across timeframes, ranging from 0.69 to 0.74 - a consistent structural relationship.
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Return for Risk
SECD.DE vs. SYBG.DE — Risk / Return Rank
SECD.DE
SYBG.DE
SECD.DE vs. SYBG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Government Bond Climate UCITS ETF EUR Dist (SECD.DE) and SPDR Bloomberg UK Gilt UCITS ETF (SYBG.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.
| SECD.DE | SYBG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 0.99 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | -0.13 | +0.12 |
| Martin ratioReturn relative to average drawdown | -0.02 | -0.29 | +0.27 |
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
| SECD.DE | SYBG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | -0.08 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.34 | -0.42 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.19 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.38 | -0.02 | -0.36 |
Drawdowns
SECD.DE vs. SYBG.DE - Drawdown Comparison
The maximum SECD.DE drawdown since its inception was -22.04%, smaller than the maximum SYBG.DE drawdown of -36.77%. Use the drawdown chart below to compare losses from any high point for SECD.DE and SYBG.DE.
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Drawdown Indicators
| SECD.DE | SYBG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.04% | -36.77% | +14.73% |
Max Drawdown (1Y)Largest decline over 1 year | -3.41% | -5.42% | +2.01% |
Max Drawdown (3Y)Largest decline over 3 years | -3.96% | -8.77% | +4.81% |
Max Drawdown (5Y)Largest decline over 5 years | -21.21% | -36.25% | +15.04% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.77% | — |
Current DrawdownCurrent decline from peak | -13.67% | -28.15% | +14.48% |
Average DrawdownAverage peak-to-trough decline | -12.64% | -13.60% | +0.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 2.35% | -1.02% |
Volatility
SECD.DE vs. SYBG.DE - Volatility Comparison
The current volatility for iShares Euro Government Bond Climate UCITS ETF EUR Dist (SECD.DE) is 1.78%, while SPDR Bloomberg UK Gilt UCITS ETF (SYBG.DE) has a volatility of 3.47%. This indicates that SECD.DE experiences smaller price fluctuations and is considered to be less risky than SYBG.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SECD.DE | SYBG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.78% | 3.47% | -1.69% |
Volatility (6M)Calculated over the trailing 6-month period | 3.63% | 6.13% | -2.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.34% | 8.05% | -3.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.28% | 11.82% | -5.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.02% | 11.14% | -5.12% |
SECD.DE vs. SYBG.DE - Expense Ratio Comparison
SECD.DE has a 0.09% expense ratio, which is lower than SYBG.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
SECD.DE vs. SYBG.DE - Dividend Comparison
SECD.DE's dividend yield for the trailing twelve months is around 2.71%, less than SYBG.DE's 3.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SECD.DE iShares Euro Government Bond Climate UCITS ETF EUR Dist | 2.71% | 2.59% | 2.30% | 1.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SYBG.DE SPDR Bloomberg UK Gilt UCITS ETF | 3.82% | 3.64% | 2.67% | 1.69% | 1.22% | 0.82% | 1.11% | 1.14% | 1.28% | 1.61% | 1.77% | 1.89% |
Frequently Asked Questions
SECD.DE and SYBG.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, SECD.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SECD.DE is cheaper with a 0.09% expense ratio, compared with 0.15% for SYBG.DE.
SECD.DE tracks FTSE Advanced Climate Risk-Adjusted European Monetary Union Government Bond, while SYBG.DE tracks Bloomberg UK Gilt. They also come from different issuers: iShares and State Street. Their fees differ too: 0.09% for SECD.DE and 0.15% for SYBG.DE.
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