SYB3.DE vs. SPYW.DE
SYB3.DE (SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF) and SPYW.DE (SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist)) are both exchange-traded funds - SYB3.DE is a European Government Bonds fund tracking the Bloomberg Euro 1-3 Year Treasury Bond, while SPYW.DE is a Europe Equities fund tracking the S&P Euro High Yield Dividend Aristocrats. Both are passively managed. Over the past 10 years, SYB3.DE returned 0.18%/yr vs 6.79%/yr for SPYW.DE. At a 0.12 correlation, their price movements are largely independent. SYB3.DE charges 0.15%/yr vs 0.30%/yr for SPYW.DE.
Performance
SYB3.DE vs. SPYW.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 SPYW.DE's 5.36% return. Over the past 10 years, SYB3.DE has underperformed SPYW.DE with an annualized return of 0.18%, while SPYW.DE has yielded a comparatively higher 6.79% 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%
SPYW.DE
- 1D
- 0.09%
- 1M
- -0.36%
- YTD
- 5.36%
- 6M
- 7.28%
- 1Y
- 7.88%
- 3Y*
- 13.21%
- 5Y*
- 8.07%
- 10Y*
- 6.79%
SYB3.DE vs. SPYW.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% |
SPYW.DE SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) | 5.36% | 20.24% | 8.29% | 17.93% | -11.23% | 14.36% | -11.84% | 23.34% | -8.58% | 11.23% |
Correlation
The correlation between SYB3.DE and SPYW.DE is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2012 | 0.12 |
Over the past year, SYB3.DE and SPYW.DE have become more correlated (0.33) than their long-term average of 0.12, meaning their price movements have been converging.
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Return for Risk
SYB3.DE vs. SPYW.DE — Risk / Return Rank
SYB3.DE
SPYW.DE
SYB3.DE vs. SPYW.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 SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.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 | SPYW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.14 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.60 | 0.98 | -0.39 |
| Martin ratioReturn relative to average drawdown | 1.86 | 3.14 | -1.28 |
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 | SPYW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.57 | 0.74 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.60 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.12 | 0.45 | -0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.53 | +0.03 |
Drawdowns
SYB3.DE vs. SPYW.DE - Drawdown Comparison
The maximum SYB3.DE drawdown since its inception was -7.13%, smaller than the maximum SPYW.DE drawdown of -38.68%. Use the drawdown chart below to compare losses from any high point for SYB3.DE and SPYW.DE.
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Drawdown Indicators
| SYB3.DE | SPYW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.13% | -38.68% | +31.55% |
Max Drawdown (1Y)Largest decline over 1 year | -1.28% | -7.99% | +6.71% |
Max Drawdown (3Y)Largest decline over 3 years | -1.28% | -11.64% | +10.36% |
Max Drawdown (5Y)Largest decline over 5 years | -5.99% | -23.97% | +17.98% |
Max Drawdown (10Y)Largest decline over 10 years | -7.13% | -38.68% | +31.55% |
Current DrawdownCurrent decline from peak | -0.55% | -2.54% | +1.99% |
Average DrawdownAverage peak-to-trough decline | -1.39% | -5.62% | +4.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.41% | 2.50% | -2.09% |
Volatility
SYB3.DE vs. SPYW.DE - Volatility Comparison
The current volatility for SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF (SYB3.DE) is 0.52%, while SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.DE) has a volatility of 2.92%. This indicates that SYB3.DE experiences smaller price fluctuations and is considered to be less risky than SPYW.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 | SPYW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.52% | 2.92% | -2.40% |
Volatility (6M)Calculated over the trailing 6-month period | 1.19% | 8.76% | -7.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.34% | 10.65% | -9.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.67% | 13.27% | -11.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.48% | 14.88% | -13.40% |
SYB3.DE vs. SPYW.DE - Expense Ratio Comparison
SYB3.DE has a 0.15% expense ratio, which is lower than SPYW.DE's 0.30% expense ratio.
Dividends
SYB3.DE vs. SPYW.DE - Dividend Comparison
SYB3.DE's dividend yield for the trailing twelve months is around 2.28%, less than SPYW.DE's 3.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYW.DE SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) | 3.60% | 4.07% | 3.67% | 3.31% | 3.62% | 2.78% | 3.05% | 3.10% | 3.74% | 3.15% | 2.97% | 2.99% |
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 SPYW.DE have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SYB3.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SYB3.DE is cheaper with a 0.15% expense ratio, compared with 0.30% for SPYW.DE.
SYB3.DE is categorized as European Government Bonds, while SPYW.DE is Europe Equities. SYB3.DE tracks Bloomberg Euro 1-3 Year Treasury Bond, while SPYW.DE tracks S&P Euro High Yield Dividend Aristocrats. Their fees differ too: 0.15% for SYB3.DE and 0.30% for SPYW.DE.
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