SYB3.DE vs. SPPY.DE
SYB3.DE (SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF) and SPPY.DE (State Street SPDR S&P 500 Leaders UCITS ETF) are both exchange-traded funds - SYB3.DE is a European Government Bonds fund tracking the Bloomberg Euro 1-3 Year Treasury Bond, while SPPY.DE is a S&P 500 fund tracking the S&P 500 Scored & Screened Leaders Index. Both are passively managed. Over the past 5 years, SYB3.DE returned 0.59%/yr vs 15.63%/yr for SPPY.DE. At a 0.04 correlation, their price movements are largely independent. SYB3.DE charges 0.15%/yr vs 0.10%/yr for SPPY.DE.
Performance
SYB3.DE vs. SPPY.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 lower than SPPY.DE's 11.08% 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%
SPPY.DE
- 1D
- 0.58%
- 1M
- 5.11%
- YTD
- 11.08%
- 6M
- 11.71%
- 1Y
- 28.37%
- 3Y*
- 18.87%
- 5Y*
- 15.63%
- 10Y*
- —
SYB3.DE vs. SPPY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% | -0.02% |
SPPY.DE State Street SPDR S&P 500 Leaders UCITS ETF | 11.08% | 4.44% | 32.87% | 26.92% | -14.47% | 41.09% | 8.04% | 4.57% |
Correlation
The correlation between SYB3.DE and SPPY.DE is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2019 | 0.04 |
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Return for Risk
SYB3.DE vs. SPPY.DE — Risk / Return Rank
SYB3.DE
SPPY.DE
SYB3.DE vs. SPPY.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 State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.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 | SPPY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.86 | ||
| Sortino ratioReturn per unit of downside risk | -2.49 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.44 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 0.60 | 4.21 | -3.62 |
| Martin ratioReturn relative to average drawdown | 1.86 | 16.03 | -14.17 |
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 | SPPY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.57 | 2.43 | -1.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 1.00 | -0.65 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.12 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.92 | -0.36 |
Drawdowns
SYB3.DE vs. SPPY.DE - Drawdown Comparison
The maximum SYB3.DE drawdown since its inception was -7.13%, smaller than the maximum SPPY.DE drawdown of -33.31%. Use the drawdown chart below to compare losses from any high point for SYB3.DE and SPPY.DE.
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Drawdown Indicators
| SYB3.DE | SPPY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.13% | -33.31% | +26.18% |
Max Drawdown (1Y)Largest decline over 1 year | -1.28% | -6.71% | +5.43% |
Max Drawdown (3Y)Largest decline over 3 years | -1.28% | -23.82% | +22.54% |
Max Drawdown (5Y)Largest decline over 5 years | -5.99% | -23.82% | +17.83% |
Max Drawdown (10Y)Largest decline over 10 years | -7.13% | — | — |
Current DrawdownCurrent decline from peak | -0.55% | 0.00% | -0.55% |
Average DrawdownAverage peak-to-trough decline | -1.39% | -4.84% | +3.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.41% | 1.77% | -1.36% |
Volatility
SYB3.DE vs. SPPY.DE - Volatility Comparison
The current volatility for SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF (SYB3.DE) is 0.52%, while State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.DE) has a volatility of 2.69%. This indicates that SYB3.DE experiences smaller price fluctuations and is considered to be less risky than SPPY.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 | SPPY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.52% | 2.69% | -2.17% |
Volatility (6M)Calculated over the trailing 6-month period | 1.19% | 7.79% | -6.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.34% | 11.62% | -10.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.67% | 15.43% | -13.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.48% | 17.57% | -16.09% |
SYB3.DE vs. SPPY.DE - Expense Ratio Comparison
SYB3.DE has a 0.15% expense ratio, which is higher than SPPY.DE's 0.10% 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. SPPY.DE - Dividend Comparison
SYB3.DE's dividend yield for the trailing twelve months is around 2.28%, while SPPY.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPPY.DE State Street SPDR S&P 500 Leaders UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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 SPPY.DE have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPPY.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPPY.DE is cheaper with a 0.10% expense ratio, compared with 0.15% for SYB3.DE.
SYB3.DE is categorized as European Government Bonds, while SPPY.DE is S&P 500. SYB3.DE tracks Bloomberg Euro 1-3 Year Treasury Bond, while SPPY.DE tracks S&P 500 Scored & Screened Leaders Index. Their fees differ too: 0.15% for SYB3.DE and 0.10% for SPPY.DE.
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