SPPX.DE vs. SYBT.DE
SPPX.DE (SPDR Bloomberg 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 - SPPX.DE tracks the Bloomberg US 10+ Year Treasury Bond while SYBT.DE tracks the Bloomberg US Treasury. Both are passively managed. Over the past 10 years, SPPX.DE returned -1.29%/yr vs 0.75%/yr for SYBT.DE. A 0.80 correlation means they provide meaningful diversification when combined. Both charge a 0.15% expense ratio.
Performance
SPPX.DE vs. SYBT.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SPPX.DE having a 0.87% return and SYBT.DE slightly higher at 0.91%. Over the past 10 years, SPPX.DE has underperformed SYBT.DE with an annualized return of -1.29%, while SYBT.DE has yielded a comparatively higher 0.75% annualized return.
SPPX.DE
- 1D
- 0.30%
- 1M
- 1.41%
- YTD
- 0.87%
- 6M
- -0.50%
- 1Y
- 2.52%
- 3Y*
- -3.23%
- 5Y*
- -4.30%
- 10Y*
- -1.29%
SYBT.DE
- 1D
- -0.19%
- 1M
- 0.79%
- YTD
- 0.91%
- 6M
- 0.11%
- 1Y
- 1.42%
- 3Y*
- 0.03%
- 5Y*
- 0.43%
- 10Y*
- 0.75%
SPPX.DE vs. SYBT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPPX.DE SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF | 0.87% | -6.01% | -0.89% | -0.77% | -24.28% | 3.04% | 6.14% | 17.91% | 2.68% | -4.61% |
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 SPPX.DE and SYBT.DE is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2016 | 0.80 |
The correlation between SPPX.DE and SYBT.DE shifts across timeframes, from 0.70 (1 year) to 0.80 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPPX.DE vs. SYBT.DE — Risk / Return Rank
SPPX.DE
SYBT.DE
SPPX.DE vs. SYBT.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF (SPPX.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.
| SPPX.DE | SYBT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.05 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.40 | 0.34 | +0.06 |
| Martin ratioReturn relative to average drawdown | 0.87 | 0.88 | -0.01 |
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
| SPPX.DE | SYBT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.28 | 0.25 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.30 | 0.05 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.09 | 0.10 | -0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | 0.35 | -0.43 |
Drawdowns
SPPX.DE vs. SYBT.DE - Drawdown Comparison
The maximum SPPX.DE drawdown since its inception was -44.56%, 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 SPPX.DE and SYBT.DE.
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Drawdown Indicators
| SPPX.DE | SYBT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.56% | -17.66% | -26.90% |
Max Drawdown (1Y)Largest decline over 1 year | -6.31% | -4.22% | -2.09% |
Max Drawdown (3Y)Largest decline over 3 years | -16.55% | -11.03% | -5.52% |
Max Drawdown (5Y)Largest decline over 5 years | -36.53% | -13.06% | -23.47% |
Max Drawdown (10Y)Largest decline over 10 years | -44.56% | -17.66% | -26.90% |
Current DrawdownCurrent decline from peak | -40.79% | -13.25% | -27.54% |
Average DrawdownAverage peak-to-trough decline | -22.39% | -8.61% | -13.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 1.62% | +1.28% |
Volatility
SPPX.DE vs. SYBT.DE - Volatility Comparison
SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF (SPPX.DE) has a higher volatility of 2.37% compared to SPDR Bloomberg US Treasury Bond UCITS ETF (SYBT.DE) at 1.34%. This indicates that SPPX.DE's price experiences larger fluctuations and is considered to be riskier 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
| SPPX.DE | SYBT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.37% | 1.34% | +1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 6.11% | 4.16% | +1.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.91% | 5.77% | +3.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.34% | 8.18% | +6.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.51% | 7.74% | +6.77% |
SPPX.DE vs. SYBT.DE - Expense Ratio Comparison
Both SPPX.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
SPPX.DE vs. SYBT.DE - Dividend Comparison
SPPX.DE's dividend yield for the trailing twelve months is around 4.60%, more than SYBT.DE's 3.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPPX.DE SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF | 4.60% | 4.77% | 4.11% | 3.16% | 2.57% | 1.63% | 2.07% | 2.42% | 2.38% | 2.77% | 1.07% | 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
SPPX.DE and SYBT.DE have a correlation of 0.70, 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 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SPPX.DE and SYBT.DE have the same expense ratio: 0.15% per year.
SPPX.DE tracks Bloomberg US 10+ Year Treasury Bond, while SYBT.DE tracks Bloomberg US Treasury.
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