SPFU.DE vs. SYBZ.DE
SPFU.DE (State Street SPDR Bloomberg Global Aggregate Bond USD Hdg UCITS ETF (Dist)) and SYBZ.DE (SPDR Bloomberg Global Aggregate Bond UCITS ETF) are both Global Bonds funds from State Street - SPFU.DE tracks the Bloomberg Global Aggregate Bond Index (USD Hedged) while SYBZ.DE tracks the Bloomberg Global Aggregate Bond. Both are passively managed. Over the past 5 years, SPFU.DE returned 0.64%/yr vs -1.72%/yr for SYBZ.DE. A 0.59 correlation means they provide meaningful diversification when combined. Both charge a 0.10% expense ratio.
Performance
SPFU.DE vs. SYBZ.DE - Performance Comparison
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Different Trading Currencies
SPFU.DE is traded in USD, while SYBZ.DE is traded in EUR. To make them comparable, the SYBZ.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPFU.DE achieves a 0.93% return, which is significantly higher than SYBZ.DE's -0.29% return.
SPFU.DE
- 1D
- -0.07%
- 1M
- 0.53%
- 6M
- 1.10%
- YTD
- 0.93%
- 1Y
- 3.02%
- 3Y*
- 4.29%
- 5Y*
- 0.64%
- 10Y*
- —
SYBZ.DE
- 1D
- -0.14%
- 1M
- -0.23%
- 6M
- -0.05%
- YTD
- -0.29%
- 1Y
- 0.60%
- 3Y*
- 3.35%
- 5Y*
- -1.72%
- 10Y*
- —
SPFU.DE vs. SYBZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SPFU.DE State Street SPDR Bloomberg Global Aggregate Bond USD Hdg UCITS ETF (Dist) | 0.93% | 4.89% | 3.05% | 6.77% | -11.22% | -1.54% | 5.34% | 8.06% | 2.43% |
SYBZ.DE SPDR Bloomberg Global Aggregate Bond UCITS ETF | -0.29% | 8.32% | -1.79% | 4.82% | -15.80% | -5.13% | 9.18% | 6.79% | -1.44% |
Correlation
The correlation between SPFU.DE and SYBZ.DE is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2018 | 0.59 |
The correlation between SPFU.DE and SYBZ.DE shifts across timeframes, from 0.59 (all time) to 0.70 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SPFU.DE vs. SYBZ.DE — Risk / Return Rank
SPFU.DE
SYBZ.DE
SPFU.DE vs. SYBZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR Bloomberg Global Aggregate Bond USD Hdg UCITS ETF (Dist) (SPFU.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.
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.
| SPFU.DE | SYBZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.89 | ||
| Sortino ratioReturn per unit of downside risk | +1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.02 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.34 | 0.17 | +1.18 |
| Martin ratioReturn relative to average drawdown | 3.75 | 0.41 | +3.34 |
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Drawdowns
SPFU.DE vs. SYBZ.DE - Drawdown Comparison
The maximum SPFU.DE drawdown since its inception was -15.24%, smaller than the maximum SYBZ.DE drawdown of -32.59%. Use the drawdown chart below to compare losses from any high point for SPFU.DE and SYBZ.DE.
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Drawdown Indicators
| SPFU.DE | SYBZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.24% | -32.59% | +17.35% |
Max Drawdown (1Y)Largest decline over 1 year | -2.24% | -3.59% | +1.35% |
Max Drawdown (3Y)Largest decline over 3 years | -3.42% | -6.82% | +3.40% |
Max Drawdown (5Y)Largest decline over 5 years | -15.00% | -24.55% | +9.55% |
Current DrawdownCurrent decline from peak | -0.65% | -19.30% | +18.65% |
Average DrawdownAverage peak-to-trough decline | -3.74% | -20.21% | +16.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 1.44% | -0.64% |
Volatility
SPFU.DE vs. SYBZ.DE - Volatility Comparison
The current volatility for State Street SPDR Bloomberg Global Aggregate Bond USD Hdg UCITS ETF (Dist) (SPFU.DE) is 0.72%, while SPDR Bloomberg Global Aggregate Bond UCITS ETF (SYBZ.DE) has a volatility of 1.46%. This indicates that SPFU.DE experiences smaller price fluctuations and is considered to be less risky 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
| SPFU.DE | SYBZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.72% | 1.46% | -0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 2.49% | 4.07% | -1.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.03% | 5.51% | -2.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.25% | 7.36% | -3.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.80% | 9.89% | -6.09% |
SPFU.DE vs. SYBZ.DE - Expense Ratio Comparison
Both SPFU.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
SPFU.DE vs. SYBZ.DE - Dividend Comparison
SPFU.DE's dividend yield for the trailing twelve months is around 3.14%, more than SYBZ.DE's 3.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SPFU.DE State Street SPDR Bloomberg Global Aggregate Bond USD Hdg UCITS ETF (Dist) | 3.14% | 3.03% | 2.73% | 2.02% | 1.41% | 1.22% | 1.51% | 1.25% | 0.89% |
SYBZ.DE SPDR Bloomberg Global Aggregate Bond UCITS ETF | 3.10% | 3.23% | 2.70% | 2.04% | 1.48% | 1.17% | 1.59% | 1.59% | 0.82% |
Frequently Asked Questions
SPFU.DE and SYBZ.DE have a correlation of 0.67, 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.
SPFU.DE and SYBZ.DE have the same expense ratio: 0.10% per year.
SPFU.DE tracks Bloomberg Global Aggregate Bond Index (USD Hedged), while SYBZ.DE tracks Bloomberg Global Aggregate Bond.
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