SPP7.DE vs. SYBT.DE
SPP7.DE (SPDR Bloomberg 7-10 Year US Treasury Bond UCITS ETF) and SYBT.DE (SPDR Bloomberg US Treasury Bond UCITS ETF) are both Government Bonds funds from State Street - SPP7.DE tracks the Bloomberg US 7-10 Year Treasury Bond while SYBT.DE tracks the Bloomberg US Treasury. Both are passively managed. Over the past 10 years, SPP7.DE returned 0.60%/yr vs 0.75%/yr for SYBT.DE. With a 0.96 correlation, they move nearly in lockstep. Both charge a 0.15% expense ratio.
Performance
SPP7.DE vs. SYBT.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPP7.DE achieves a 0.25% return, which is significantly lower than SYBT.DE's 0.91% return. Over the past 10 years, SPP7.DE has underperformed SYBT.DE with an annualized return of 0.60%, while SYBT.DE has yielded a comparatively higher 0.75% annualized return.
SPP7.DE
- 1D
- 0.01%
- 1M
- 0.57%
- YTD
- 0.25%
- 6M
- -0.49%
- 1Y
- 1.93%
- 3Y*
- -0.11%
- 5Y*
- 0.17%
- 10Y*
- 0.60%
SYBT.DE
- 1D
- -0.19%
- 1M
- 0.53%
- YTD
- 0.91%
- 6M
- 0.10%
- 1Y
- 1.73%
- 3Y*
- 0.03%
- 5Y*
- 0.43%
- 10Y*
- 0.75%
SPP7.DE vs. SYBT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPP7.DE SPDR Bloomberg 7-10 Year US Treasury Bond UCITS ETF | 0.25% | -3.30% | 5.21% | 1.24% | -9.75% | 4.98% | -0.10% | 11.45% | 5.07% | -9.83% |
SYBT.DE SPDR Bloomberg US Treasury Bond UCITS ETF | 0.91% | -5.48% | 6.46% | 0.26% | -7.00% | 5.72% | -1.94% | 10.87% | 5.29% | -10.13% |
Correlation
The correlation between SPP7.DE and SYBT.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 | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2016 | 0.96 |
The correlation between SPP7.DE and SYBT.DE has been stable across timeframes, ranging from 0.91 to 0.96 - a consistent structural relationship.
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Return for Risk
SPP7.DE vs. SYBT.DE — Risk / Return Rank
SPP7.DE
SYBT.DE
SPP7.DE vs. SYBT.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg 7-10 Year US Treasury Bond UCITS ETF (SPP7.DE) and SPDR Bloomberg US Treasury Bond UCITS ETF (SYBT.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.
| SPP7.DE | SYBT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.05 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.44 | 0.34 | +0.10 |
| Martin ratioReturn relative to average drawdown | 1.13 | 0.88 | +0.25 |
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
| SPP7.DE | SYBT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.33 | 0.25 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | 0.05 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.07 | 0.10 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.35 | -0.30 |
Drawdowns
SPP7.DE vs. SYBT.DE - Drawdown Comparison
The maximum SPP7.DE drawdown since its inception was -20.31%, which is greater than SYBT.DE's maximum drawdown of -17.66%. Use the drawdown chart below to compare losses from any high point for SPP7.DE and SYBT.DE.
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Drawdown Indicators
| SPP7.DE | SYBT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.31% | -17.66% | -2.65% |
Max Drawdown (1Y)Largest decline over 1 year | -4.35% | -4.22% | -0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -10.58% | -11.03% | +0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -14.56% | -13.06% | -1.50% |
Max Drawdown (10Y)Largest decline over 10 years | -20.31% | -17.66% | -2.65% |
Current DrawdownCurrent decline from peak | -15.29% | -13.25% | -2.04% |
Average DrawdownAverage peak-to-trough decline | -10.62% | -8.61% | -2.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 1.62% | +0.07% |
Volatility
SPP7.DE vs. SYBT.DE - Volatility Comparison
The current volatility for SPDR Bloomberg 7-10 Year US Treasury Bond UCITS ETF (SPP7.DE) is 1.06%, while SPDR Bloomberg US Treasury Bond UCITS ETF (SYBT.DE) has a volatility of 1.34%. This indicates that SPP7.DE experiences smaller price fluctuations and is considered to be less risky than SYBT.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPP7.DE | SYBT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 1.34% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 4.11% | 4.16% | -0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.82% | 5.77% | +0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.14% | 8.18% | +0.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.49% | 7.74% | +0.75% |
SPP7.DE vs. SYBT.DE - Expense Ratio Comparison
Both SPP7.DE and SYBT.DE have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SPP7.DE vs. SYBT.DE - Dividend Comparison
SPP7.DE's dividend yield for the trailing twelve months is around 4.07%, more than SYBT.DE's 3.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPP7.DE SPDR Bloomberg 7-10 Year US Treasury Bond UCITS ETF | 4.07% | 4.20% | 3.47% | 4.07% | 1.66% | 0.97% | 1.69% | 2.33% | 1.98% | 1.99% | 0.70% | 0.00% |
SYBT.DE SPDR Bloomberg US Treasury Bond UCITS ETF | 3.62% | 3.70% | 2.94% | 2.22% | 1.31% | 0.92% | 1.98% | 3.24% | 1.58% | 1.66% | 1.29% | 1.25% |
Frequently Asked Questions
With a correlation of 0.91, SPP7.DE and SYBT.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 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SPP7.DE and SYBT.DE have the same expense ratio: 0.15% per year.
SPP7.DE tracks Bloomberg US 7-10 Year Treasury Bond, while SYBT.DE tracks Bloomberg US Treasury.
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