SPFA.DE vs. SYBM.DE
SPFA.DE (SPDR Bloomberg Emerging Markets Local Bond UCITS ETF) and SYBM.DE (SPDR Bloomberg Emerging Markets Local Bond UCITS ETF) are both Emerging Markets Bonds funds from State Street tracking the Bloomberg Emerging Markets Local Currency Liquid Government Bond. Both are passively managed. Over the past 5 years, SPFA.DE returned 1.46%/yr vs 1.45%/yr for SYBM.DE. Their correlation of 0.86 suggests significant overlap in exposure. Both charge a 0.55% expense ratio.
Performance
SPFA.DE vs. SYBM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPFA.DE achieves a 0.46% return, which is significantly lower than SYBM.DE's 0.49% return.
SPFA.DE
- 1D
- -0.01%
- 1M
- 0.39%
- YTD
- 0.46%
- 6M
- 0.45%
- 1Y
- 3.30%
- 3Y*
- 2.58%
- 5Y*
- 1.46%
- 10Y*
- —
SYBM.DE
- 1D
- -0.05%
- 1M
- 0.37%
- YTD
- 0.49%
- 6M
- 0.35%
- 1Y
- 3.38%
- 3Y*
- 2.54%
- 5Y*
- 1.45%
- 10Y*
- 1.75%
SPFA.DE vs. SYBM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SPFA.DE SPDR Bloomberg Emerging Markets Local Bond UCITS ETF | 0.46% | 2.44% | 3.19% | 5.66% | -4.47% | -1.04% | -5.66% | 14.72% | 0.62% |
SYBM.DE SPDR Bloomberg Emerging Markets Local Bond UCITS ETF | 0.49% | 2.47% | 3.13% | 5.78% | -4.57% | -0.95% | -5.71% | 14.77% | 0.58% |
Correlation
The correlation between SPFA.DE and SYBM.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 | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jul 27, 2018 | 0.86 |
The correlation between SPFA.DE and SYBM.DE has been stable across timeframes, ranging from 0.84 to 0.91 - a consistent structural relationship.
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Return for Risk
SPFA.DE vs. SYBM.DE — Risk / Return Rank
SPFA.DE
SYBM.DE
SPFA.DE vs. SYBM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (SPFA.DE) and SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (SYBM.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.
| SPFA.DE | SYBM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.12 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.83 | 0.87 | -0.04 |
| Martin ratioReturn relative to average drawdown | 2.62 | 2.69 | -0.07 |
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
| SPFA.DE | SYBM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 0.67 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.21 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.22 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.23 | +0.03 |
Drawdowns
SPFA.DE vs. SYBM.DE - Drawdown Comparison
The maximum SPFA.DE drawdown since its inception was -16.39%, smaller than the maximum SYBM.DE drawdown of -19.16%. Use the drawdown chart below to compare losses from any high point for SPFA.DE and SYBM.DE.
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Drawdown Indicators
| SPFA.DE | SYBM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.39% | -19.16% | +2.77% |
Max Drawdown (1Y)Largest decline over 1 year | -3.96% | -3.90% | -0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -7.66% | -7.62% | -0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -8.51% | -8.64% | +0.13% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.36% | — |
Current DrawdownCurrent decline from peak | -3.19% | -3.09% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -7.62% | -7.10% | -0.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 1.26% | 0.00% |
Volatility
SPFA.DE vs. SYBM.DE - Volatility Comparison
SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (SPFA.DE) has a higher volatility of 1.83% compared to SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (SYBM.DE) at 1.51%. This indicates that SPFA.DE's price experiences larger fluctuations and is considered to be riskier than SYBM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPFA.DE | SYBM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.83% | 1.51% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 4.51% | 4.22% | +0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.31% | 5.07% | +0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.24% | 6.94% | -0.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.05% | 7.82% | -0.77% |
SPFA.DE vs. SYBM.DE - Expense Ratio Comparison
Both SPFA.DE and SYBM.DE have an expense ratio of 0.55%.
Dividends
SPFA.DE vs. SYBM.DE - Dividend Comparison
SPFA.DE has not paid dividends to shareholders, while SYBM.DE's dividend yield for the trailing twelve months is around 5.07%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPFA.DE SPDR Bloomberg Emerging Markets Local Bond UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SYBM.DE SPDR Bloomberg Emerging Markets Local Bond UCITS ETF | 5.07% | 5.01% | 4.77% | 4.21% | 4.29% | 3.89% | 4.12% | 4.34% | 4.13% | 5.01% | 4.30% | 5.26% |
Frequently Asked Questions
With a correlation of 0.91, SPFA.DE and SYBM.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.
Both ETFs have the same 0.55% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SPFA.DE and SYBM.DE have the same expense ratio: 0.55% per year.
Both ETFs track Bloomberg Emerging Markets Local Currency Liquid Government Bond.
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