SYB4.DE vs. SYBV.DE
SYB4.DE (SPDR Bloomberg 3-5 Year Euro Government Bond UCITS ETF) and SYBV.DE (State Street SPDR Bloomberg 10+ Year Euro Government Bond UCITS ETF (Dist)) are both European Government Bonds funds from State Street - SYB4.DE tracks the Bloomberg Euro Treasury 50bn 3-5 Year Bond while SYBV.DE tracks the Bloomberg Euro 10+ Year Treasury Bond Index. Both are passively managed. Over the past 10 years, SYB4.DE returned 0.03%/yr vs -2.02%/yr for SYBV.DE. A 0.78 correlation means they provide meaningful diversification when combined. Both charge a 0.15% expense ratio.
Performance
SYB4.DE vs. SYBV.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SYB4.DE achieves a -0.23% return, which is significantly higher than SYBV.DE's -0.61% return. Over the past 10 years, SYB4.DE has outperformed SYBV.DE with an annualized return of 0.03%, while SYBV.DE has yielded a comparatively lower -2.02% annualized return.
SYB4.DE
- 1D
- 0.00%
- 1M
- -0.55%
- 6M
- -0.54%
- YTD
- -0.23%
- 1Y
- 0.41%
- 3Y*
- 2.92%
- 5Y*
- -0.40%
- 10Y*
- 0.03%
SYBV.DE
- 1D
- -0.22%
- 1M
- -1.70%
- 6M
- -1.42%
- YTD
- -0.61%
- 1Y
- -0.39%
- 3Y*
- 0.74%
- 5Y*
- -7.02%
- 10Y*
- -2.02%
SYB4.DE vs. SYBV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SYB4.DE SPDR Bloomberg 3-5 Year Euro Government Bond UCITS ETF | -0.23% | 2.44% | 2.24% | 5.10% | -9.95% | -1.30% | 1.09% | 1.79% | -0.00% | -0.13% |
SYBV.DE State Street SPDR Bloomberg 10+ Year Euro Government Bond UCITS ETF (Dist) | -0.61% | -3.55% | -0.53% | 9.88% | -32.00% | -6.75% | 10.69% | 15.42% | 2.38% | -0.74% |
Correlation
The correlation between SYB4.DE and SYBV.DE is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Feb 17, 2016 | 0.78 |
The correlation between SYB4.DE and SYBV.DE shifts across timeframes, from 0.63 (1 year) to 0.83 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SYB4.DE vs. SYBV.DE — Risk / Return Rank
SYB4.DE
SYBV.DE
SYB4.DE vs. SYBV.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg 3-5 Year Euro Government Bond UCITS ETF (SYB4.DE) and State Street SPDR Bloomberg 10+ Year Euro Government Bond UCITS ETF (Dist) (SYBV.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SYB4.DE | SYBV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.00 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.16 | -0.07 | +0.23 |
| Martin ratioReturn relative to average drawdown | 0.44 | -0.15 | +0.59 |
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Drawdowns
SYB4.DE vs. SYBV.DE - Drawdown Comparison
The maximum SYB4.DE drawdown since its inception was -12.20%, smaller than the maximum SYBV.DE drawdown of -40.94%. Use the drawdown chart below to compare losses from any high point for SYB4.DE and SYBV.DE.
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Drawdown Indicators
| SYB4.DE | SYBV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.20% | -40.94% | +28.74% |
Max Drawdown (1Y)Largest decline over 1 year | -2.52% | -5.56% | +3.04% |
Max Drawdown (3Y)Largest decline over 3 years | -2.52% | -10.05% | +7.53% |
Max Drawdown (5Y)Largest decline over 5 years | -11.97% | -39.22% | +27.25% |
Max Drawdown (10Y)Largest decline over 10 years | -12.20% | -40.94% | +28.74% |
Current DrawdownCurrent decline from peak | -2.60% | -34.12% | +31.52% |
Average DrawdownAverage peak-to-trough decline | -2.83% | -16.94% | +14.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 2.61% | -1.69% |
Volatility
SYB4.DE vs. SYBV.DE - Volatility Comparison
The current volatility for SPDR Bloomberg 3-5 Year Euro Government Bond UCITS ETF (SYB4.DE) is 0.63%, while State Street SPDR Bloomberg 10+ Year Euro Government Bond UCITS ETF (Dist) (SYBV.DE) has a volatility of 2.13%. This indicates that SYB4.DE experiences smaller price fluctuations and is considered to be less risky than SYBV.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SYB4.DE | SYBV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.63% | 2.13% | -1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 2.06% | 6.35% | -4.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.42% | 8.01% | -5.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.53% | 12.30% | -8.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.85% | 10.42% | -7.57% |
SYB4.DE vs. SYBV.DE - Expense Ratio Comparison
Both SYB4.DE and SYBV.DE have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SYB4.DE vs. SYBV.DE - Dividend Comparison
SYB4.DE's dividend yield for the trailing twelve months is around 2.42%, less than SYBV.DE's 3.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SYB4.DE SPDR Bloomberg 3-5 Year Euro Government Bond UCITS ETF | 2.42% | 2.51% | 2.26% | 0.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.11% | 0.12% |
SYBV.DE State Street SPDR Bloomberg 10+ Year Euro Government Bond UCITS ETF (Dist) | 3.41% | 3.31% | 2.82% | 2.01% | 0.89% | 0.51% | 0.76% | 1.23% | 1.34% | 1.47% | 0.59% | 0.00% |
Frequently Asked Questions
SYB4.DE and SYBV.DE have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SYB4.DE and SYBV.DE have the same expense ratio: 0.15% per year.
SYB4.DE tracks Bloomberg Euro Treasury 50bn 3-5 Year Bond, while SYBV.DE tracks Bloomberg Euro 10+ Year Treasury Bond Index.
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