SPFE.DE vs. SYBZ.DE
SPFE.DE (SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged) and SYBZ.DE (SPDR Bloomberg Global Aggregate Bond UCITS ETF) are both Global Bonds funds from State Street - SPFE.DE tracks the Bloomberg Global Aggregate Bond (EUR Hedged) while SYBZ.DE tracks the Bloomberg Global Aggregate Bond. Both are passively managed. Over the past 5 years, SPFE.DE returned -1.22%/yr vs -1.06%/yr for SYBZ.DE. A 0.51 correlation means they provide meaningful diversification when combined. Both charge a 0.10% expense ratio.
Performance
SPFE.DE vs. SYBZ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPFE.DE achieves a -0.14% return, which is significantly lower than SYBZ.DE's 0.96% return.
SPFE.DE
- 1D
- 0.23%
- 1M
- 0.22%
- YTD
- -0.14%
- 6M
- -0.29%
- 1Y
- 1.30%
- 3Y*
- 2.19%
- 5Y*
- -1.22%
- 10Y*
- —
SYBZ.DE
- 1D
- -0.01%
- 1M
- 0.72%
- YTD
- 0.96%
- 6M
- 0.52%
- 1Y
- 0.08%
- 3Y*
- 0.32%
- 5Y*
- -1.06%
- 10Y*
- —
SPFE.DE vs. SYBZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SPFE.DE SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged | -0.14% | 2.59% | 1.43% | 4.36% | -13.18% | -2.30% | 3.75% | 5.90% | 0.18% |
SYBZ.DE SPDR Bloomberg Global Aggregate Bond UCITS ETF | 0.96% | -4.27% | 3.98% | 1.41% | -11.02% | 2.85% | -0.73% | 8.89% | 6.20% |
Correlation
The correlation between SPFE.DE and SYBZ.DE is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2018 | 0.51 |
The correlation between SPFE.DE and SYBZ.DE shifts across timeframes, from 0.37 (1 year) to 0.55 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SPFE.DE vs. SYBZ.DE — Risk / Return Rank
SPFE.DE
SYBZ.DE
SPFE.DE vs. SYBZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged (SPFE.DE) and SPDR Bloomberg Global Aggregate Bond UCITS ETF (SYBZ.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.
| SPFE.DE | SYBZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.01 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.47 | 0.04 | +0.44 |
| Martin ratioReturn relative to average drawdown | 1.36 | 0.07 | +1.28 |
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
| SPFE.DE | SYBZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.40 | 0.02 | +0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.27 | -0.17 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | 0.15 | -0.11 |
Drawdowns
SPFE.DE vs. SYBZ.DE - Drawdown Comparison
The maximum SPFE.DE drawdown since its inception was -17.25%, which is greater than SYBZ.DE's maximum drawdown of -16.33%. Use the drawdown chart below to compare losses from any high point for SPFE.DE and SYBZ.DE.
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Drawdown Indicators
| SPFE.DE | SYBZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.25% | -16.33% | -0.92% |
Max Drawdown (1Y)Largest decline over 1 year | -2.73% | -2.33% | -0.40% |
Max Drawdown (3Y)Largest decline over 3 years | -3.98% | -7.58% | +3.60% |
Max Drawdown (5Y)Largest decline over 5 years | -16.61% | -15.01% | -1.60% |
Current DrawdownCurrent decline from peak | -8.27% | -11.83% | +3.56% |
Average DrawdownAverage peak-to-trough decline | -6.51% | -7.57% | +1.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 1.27% | -0.32% |
Volatility
SPFE.DE vs. SYBZ.DE - Volatility Comparison
SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged (SPFE.DE) has a higher volatility of 1.55% compared to SPDR Bloomberg Global Aggregate Bond UCITS ETF (SYBZ.DE) at 0.99%. This indicates that SPFE.DE's price experiences larger fluctuations and is considered to be riskier than SYBZ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPFE.DE | SYBZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 0.99% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 2.67% | 2.53% | +0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.23% | 3.62% | -0.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.55% | 6.40% | -1.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.06% | 6.21% | -2.15% |
SPFE.DE vs. SYBZ.DE - Expense Ratio Comparison
Both SPFE.DE and SYBZ.DE have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SPFE.DE vs. SYBZ.DE - Dividend Comparison
SPFE.DE's dividend yield for the trailing twelve months is around 3.12%, more than SYBZ.DE's 2.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SPFE.DE SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged | 3.12% | 3.07% | 2.78% | 1.96% | 1.51% | 1.20% | 1.49% | 2.15% | 0.77% |
SYBZ.DE SPDR Bloomberg Global Aggregate Bond UCITS ETF | 2.68% | 2.96% | 2.51% | 1.86% | 1.38% | 0.98% | 1.40% | 1.41% | 0.70% |
Frequently Asked Questions
SPFE.DE and SYBZ.DE have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SPFE.DE and SYBZ.DE have the same expense ratio: 0.10% per year.
SPFE.DE tracks Bloomberg Global Aggregate Bond (EUR Hedged), while SYBZ.DE tracks Bloomberg Global Aggregate Bond.
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