SYB3.DE vs. ZPRX.DE
SYB3.DE (SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF) and ZPRX.DE (SPDR MSCI Europe 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 ZPRX.DE is a Europe Equities fund tracking the MSCI Europe Small Cap Value Weighted. Both are passively managed. Over the past 10 years, SYB3.DE returned 0.18%/yr vs 8.15%/yr for ZPRX.DE. At a 0.09 correlation, their price movements are largely independent. SYB3.DE charges 0.15%/yr vs 0.30%/yr for ZPRX.DE.
Performance
SYB3.DE vs. ZPRX.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 ZPRX.DE's 7.81% return. Over the past 10 years, SYB3.DE has underperformed ZPRX.DE with an annualized return of 0.18%, while ZPRX.DE has yielded a comparatively higher 8.15% 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%
ZPRX.DE
- 1D
- 0.33%
- 1M
- 3.14%
- YTD
- 7.81%
- 6M
- 11.48%
- 1Y
- 17.16%
- 3Y*
- 15.09%
- 5Y*
- 7.77%
- 10Y*
- 8.15%
SYB3.DE vs. ZPRX.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% |
ZPRX.DE SPDR MSCI Europe Small Cap Value Weighted UCITS ETF | 7.81% | 26.81% | 4.28% | 15.28% | -13.52% | 27.58% | -3.52% | 29.02% | -19.20% | 12.89% |
Correlation
The correlation between SYB3.DE and ZPRX.DE is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2015 | 0.09 |
Over the past year, SYB3.DE and ZPRX.DE have become more correlated (0.32) than their long-term average of 0.09, meaning their price movements have been converging.
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Return for Risk
SYB3.DE vs. ZPRX.DE — Risk / Return Rank
SYB3.DE
ZPRX.DE
SYB3.DE vs. ZPRX.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 Europe Small Cap Value Weighted UCITS ETF (ZPRX.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 | ZPRX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.22 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.60 | 1.47 | -0.87 |
| Martin ratioReturn relative to average drawdown | 1.86 | 5.42 | -3.56 |
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 | ZPRX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.57 | 1.23 | -0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.46 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.12 | 0.45 | -0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.39 | +0.16 |
Drawdowns
SYB3.DE vs. ZPRX.DE - Drawdown Comparison
The maximum SYB3.DE drawdown since its inception was -7.13%, smaller than the maximum ZPRX.DE drawdown of -43.93%. Use the drawdown chart below to compare losses from any high point for SYB3.DE and ZPRX.DE.
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Drawdown Indicators
| SYB3.DE | ZPRX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.13% | -43.93% | +36.80% |
Max Drawdown (1Y)Largest decline over 1 year | -1.28% | -11.63% | +10.35% |
Max Drawdown (3Y)Largest decline over 3 years | -1.28% | -15.95% | +14.67% |
Max Drawdown (5Y)Largest decline over 5 years | -5.99% | -27.52% | +21.53% |
Max Drawdown (10Y)Largest decline over 10 years | -7.13% | -43.93% | +36.80% |
Current DrawdownCurrent decline from peak | -0.55% | -1.51% | +0.96% |
Average DrawdownAverage peak-to-trough decline | -1.39% | -7.71% | +6.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.41% | 3.16% | -2.75% |
Volatility
SYB3.DE vs. ZPRX.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 Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) has a volatility of 4.17%. This indicates that SYB3.DE experiences smaller price fluctuations and is considered to be less risky than ZPRX.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 | ZPRX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.52% | 4.17% | -3.65% |
Volatility (6M)Calculated over the trailing 6-month period | 1.19% | 11.30% | -10.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.34% | 13.94% | -12.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.67% | 16.69% | -15.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.48% | 18.14% | -16.66% |
SYB3.DE vs. ZPRX.DE - Expense Ratio Comparison
SYB3.DE has a 0.15% expense ratio, which is lower than ZPRX.DE's 0.30% expense ratio.
Dividends
SYB3.DE vs. ZPRX.DE - Dividend Comparison
SYB3.DE's dividend yield for the trailing twelve months is around 2.28%, while ZPRX.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% |
ZPRX.DE SPDR MSCI Europe 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 ZPRX.DE have a correlation of 0.32, 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 ZPRX.DE.
SYB3.DE is categorized as European Government Bonds, while ZPRX.DE is Europe Equities. SYB3.DE tracks Bloomberg Euro 1-3 Year Treasury Bond, while ZPRX.DE tracks MSCI Europe Small Cap Value Weighted. Their fees differ too: 0.15% for SYB3.DE and 0.30% for ZPRX.DE.
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