SYB3.DE vs. EUNH.DE
SYB3.DE (SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF) and EUNH.DE (iShares Core Euro Government Bond UCITS ETF (Dist)) are both European Government Bonds funds - SYB3.DE tracks the Bloomberg Euro 1-3 Year Treasury Bond while EUNH.DE tracks the Bloomberg Euro Aggregate Treasury. Both are passively managed. Over the past 10 years, SYB3.DE returned 0.18%/yr vs -0.32%/yr for EUNH.DE. A 0.56 correlation means they provide meaningful diversification when combined. SYB3.DE charges 0.15%/yr vs 0.07%/yr for EUNH.DE.
Performance
SYB3.DE vs. EUNH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SYB3.DE achieves a 0.06% return, which is significantly higher than EUNH.DE's -0.06% return. Over the past 10 years, SYB3.DE has outperformed EUNH.DE with an annualized return of 0.18%, while EUNH.DE has yielded a comparatively lower -0.32% annualized return.
SYB3.DE
- 1D
- 0.04%
- 1M
- 0.25%
- YTD
- 0.06%
- 6M
- 0.13%
- 1Y
- 0.77%
- 3Y*
- 2.60%
- 5Y*
- 0.59%
- 10Y*
- 0.18%
EUNH.DE
- 1D
- 0.04%
- 1M
- 0.49%
- YTD
- -0.06%
- 6M
- 0.02%
- 1Y
- -0.11%
- 3Y*
- 2.35%
- 5Y*
- -2.27%
- 10Y*
- -0.32%
SYB3.DE vs. EUNH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SYB3.DE SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF | 0.06% | 2.26% | 2.98% | 3.26% | -4.94% | -0.83% | -0.16% | 0.22% | -0.32% | -0.51% |
EUNH.DE iShares Core Euro Government Bond UCITS ETF (Dist) | -0.06% | 0.80% | 1.52% | 6.83% | -18.32% | -3.37% | 4.72% | 6.76% | 0.85% | -0.13% |
Correlation
The correlation between SYB3.DE and EUNH.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 | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2011 | 0.56 |
The correlation between SYB3.DE and EUNH.DE shifts across timeframes, from 0.56 (all time) to 0.80 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SYB3.DE vs. EUNH.DE — Risk / Return Rank
SYB3.DE
EUNH.DE
SYB3.DE vs. EUNH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF (SYB3.DE) and iShares Core Euro Government Bond UCITS ETF (Dist) (EUNH.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.
| SYB3.DE | EUNH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.60 | ||
| Sortino ratioReturn per unit of downside risk | +0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.00 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.60 | -0.03 | +0.63 |
| Martin ratioReturn relative to average drawdown | 1.86 | -0.08 | +1.94 |
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
| SYB3.DE | EUNH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.57 | -0.02 | +0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | -0.35 | +0.71 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.12 | -0.06 | +0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.25 | +0.30 |
Drawdowns
SYB3.DE vs. EUNH.DE - Drawdown Comparison
The maximum SYB3.DE drawdown since its inception was -7.13%, smaller than the maximum EUNH.DE drawdown of -22.43%. Use the drawdown chart below to compare losses from any high point for SYB3.DE and EUNH.DE.
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Drawdown Indicators
| SYB3.DE | EUNH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.13% | -22.43% | +15.30% |
Max Drawdown (1Y)Largest decline over 1 year | -1.28% | -3.48% | +2.20% |
Max Drawdown (3Y)Largest decline over 3 years | -1.28% | -4.10% | +2.82% |
Max Drawdown (5Y)Largest decline over 5 years | -5.99% | -21.53% | +15.54% |
Max Drawdown (10Y)Largest decline over 10 years | -7.13% | -22.43% | +15.30% |
Current DrawdownCurrent decline from peak | -0.55% | -14.10% | +13.55% |
Average DrawdownAverage peak-to-trough decline | -1.39% | -5.97% | +4.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.41% | 1.35% | -0.94% |
Volatility
SYB3.DE vs. EUNH.DE - Volatility Comparison
The current volatility for SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF (SYB3.DE) is 0.52%, while iShares Core Euro Government Bond UCITS ETF (Dist) (EUNH.DE) has a volatility of 1.72%. This indicates that SYB3.DE experiences smaller price fluctuations and is considered to be less risky than EUNH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SYB3.DE | EUNH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.52% | 1.72% | -1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 1.19% | 3.70% | -2.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.34% | 4.37% | -3.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.67% | 6.34% | -4.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.48% | 5.52% | -4.04% |
SYB3.DE vs. EUNH.DE - Expense Ratio Comparison
SYB3.DE has a 0.15% expense ratio, which is higher than EUNH.DE's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SYB3.DE vs. EUNH.DE - Dividend Comparison
SYB3.DE's dividend yield for the trailing twelve months is around 2.28%, less than EUNH.DE's 2.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNH.DE iShares Core Euro Government Bond UCITS ETF (Dist) | 2.49% | 2.30% | 1.77% | 0.97% | 0.27% | 0.24% | 0.47% | 0.65% | 0.66% | 0.70% | 0.94% | 0.62% |
SYB3.DE SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF | 2.28% | 1.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.04% | 0.34% |
Frequently Asked Questions
SYB3.DE and EUNH.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.
On fees, EUNH.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNH.DE is cheaper with a 0.07% expense ratio, compared with 0.15% for SYB3.DE.
SYB3.DE tracks Bloomberg Euro 1-3 Year Treasury Bond, while EUNH.DE tracks Bloomberg Euro Aggregate Treasury. They also come from different issuers: State Street and iShares. Their fees differ too: 0.15% for SYB3.DE and 0.07% for EUNH.DE.
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