SYB3.DE vs. ZPRV.DE
SYB3.DE (SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF) and ZPRV.DE (SPDR MSCI USA Small Cap Value Weighted 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 ZPRV.DE is a Small Cap Value Equities fund tracking the MSCI USA Small Cap Value Weighted Index. Both are passively managed. Over the past 10 years, SYB3.DE returned 0.18%/yr vs 11.63%/yr for ZPRV.DE. At a 0.04 correlation, their price movements are largely independent. SYB3.DE charges 0.15%/yr vs 0.30%/yr for ZPRV.DE.
Performance
SYB3.DE vs. ZPRV.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 ZPRV.DE's 14.58% return. Over the past 10 years, SYB3.DE has underperformed ZPRV.DE with an annualized return of 0.18%, while ZPRV.DE has yielded a comparatively higher 11.63% annualized return.
SYB3.DE
- 1D
- 0.04%
- 1M
- 0.02%
- YTD
- 0.06%
- 6M
- 0.22%
- 1Y
- 0.91%
- 3Y*
- 2.60%
- 5Y*
- 0.59%
- 10Y*
- 0.18%
ZPRV.DE
- 1D
- 0.77%
- 1M
- 1.69%
- YTD
- 14.58%
- 6M
- 14.04%
- 1Y
- 34.68%
- 3Y*
- 16.57%
- 5Y*
- 10.67%
- 10Y*
- 11.63%
SYB3.DE vs. ZPRV.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% |
ZPRV.DE SPDR MSCI USA Small Cap Value Weighted UCITS ETF | 14.58% | 2.99% | 14.07% | 19.11% | -5.31% | 48.07% | -1.85% | 27.41% | -11.78% | -3.75% |
Correlation
The correlation between SYB3.DE and ZPRV.DE is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2015 | 0.04 |
The correlation between SYB3.DE and ZPRV.DE shifts across timeframes, from 0.04 (all time) to 0.20 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SYB3.DE vs. ZPRV.DE — Risk / Return Rank
SYB3.DE
ZPRV.DE
SYB3.DE vs. ZPRV.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 MSCI USA Small Cap Value Weighted UCITS ETF (ZPRV.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 | ZPRV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.60 | ||
| Sortino ratioReturn per unit of downside risk | -2.14 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.38 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.60 | 5.84 | -5.24 |
| Martin ratioReturn relative to average drawdown | 1.86 | 17.49 | -15.63 |
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 | ZPRV.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.57 | 2.17 | -1.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.52 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.12 | 0.53 | -0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.47 | +0.09 |
Drawdowns
SYB3.DE vs. ZPRV.DE - Drawdown Comparison
The maximum SYB3.DE drawdown since its inception was -7.13%, smaller than the maximum ZPRV.DE drawdown of -46.04%. Use the drawdown chart below to compare losses from any high point for SYB3.DE and ZPRV.DE.
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Drawdown Indicators
| SYB3.DE | ZPRV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.13% | -46.04% | +38.91% |
Max Drawdown (1Y)Largest decline over 1 year | -1.28% | -5.87% | +4.59% |
Max Drawdown (3Y)Largest decline over 3 years | -1.28% | -31.14% | +29.86% |
Max Drawdown (5Y)Largest decline over 5 years | -5.99% | -31.14% | +25.15% |
Max Drawdown (10Y)Largest decline over 10 years | -7.13% | -46.04% | +38.91% |
Current DrawdownCurrent decline from peak | -0.55% | 0.00% | -0.55% |
Average DrawdownAverage peak-to-trough decline | -1.39% | -8.34% | +6.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.41% | 1.96% | -1.55% |
Volatility
SYB3.DE vs. ZPRV.DE - Volatility Comparison
The current volatility for SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF (SYB3.DE) is 0.52%, while SPDR MSCI USA Small Cap Value Weighted UCITS ETF (ZPRV.DE) has a volatility of 3.39%. This indicates that SYB3.DE experiences smaller price fluctuations and is considered to be less risky than ZPRV.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 | ZPRV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.52% | 3.39% | -2.87% |
Volatility (6M)Calculated over the trailing 6-month period | 1.19% | 9.42% | -8.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.34% | 15.78% | -14.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.67% | 20.38% | -18.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.48% | 22.56% | -21.08% |
SYB3.DE vs. ZPRV.DE - Expense Ratio Comparison
SYB3.DE has a 0.15% expense ratio, which is lower than ZPRV.DE's 0.30% expense ratio.
Dividends
SYB3.DE vs. ZPRV.DE - Dividend Comparison
SYB3.DE's dividend yield for the trailing twelve months is around 2.28%, while ZPRV.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
ZPRV.DE SPDR MSCI USA Small Cap Value Weighted 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% |
Frequently Asked Questions
SYB3.DE and ZPRV.DE have a correlation of 0.20, 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 ZPRV.DE.
SYB3.DE is categorized as European Government Bonds, while ZPRV.DE is Small Cap Value Equities. SYB3.DE tracks Bloomberg Euro 1-3 Year Treasury Bond, while ZPRV.DE tracks MSCI USA Small Cap Value Weighted Index. Their fees differ too: 0.15% for SYB3.DE and 0.30% for ZPRV.DE.
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