SYB4.DE vs. ZPRX.DE
SYB4.DE (SPDR Bloomberg 3-5 Year Euro Government Bond UCITS ETF) and ZPRX.DE (SPDR MSCI Europe Small Cap Value Weighted UCITS ETF) are both exchange-traded funds - SYB4.DE is a European Government Bonds fund tracking the Bloomberg Euro Treasury 50bn 3-5 Year 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, SYB4.DE returned 0.08%/yr vs 8.15%/yr for ZPRX.DE. At a 0.08 correlation, their price movements are largely independent. SYB4.DE charges 0.15%/yr vs 0.30%/yr for ZPRX.DE.
Performance
SYB4.DE vs. ZPRX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SYB4.DE achieves a -0.38% return, which is significantly lower than ZPRX.DE's 7.81% return. Over the past 10 years, SYB4.DE has underperformed ZPRX.DE with an annualized return of 0.08%, while ZPRX.DE has yielded a comparatively higher 8.15% annualized return.
SYB4.DE
- 1D
- 0.00%
- 1M
- -0.03%
- YTD
- -0.38%
- 6M
- -0.09%
- 1Y
- 0.71%
- 3Y*
- 2.76%
- 5Y*
- -0.32%
- 10Y*
- 0.08%
ZPRX.DE
- 1D
- 0.33%
- 1M
- 1.27%
- YTD
- 7.81%
- 6M
- 10.93%
- 1Y
- 17.80%
- 3Y*
- 15.09%
- 5Y*
- 7.77%
- 10Y*
- 8.15%
SYB4.DE vs. ZPRX.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 | -0.38% | 2.77% | 2.23% | 5.10% | -9.96% | -1.30% | 1.04% | 1.90% | -0.16% | -0.03% |
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 SYB4.DE and ZPRX.DE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2015 | 0.08 |
Over the past year, SYB4.DE and ZPRX.DE have become more correlated (0.35) than their long-term average of 0.08, meaning their price movements have been converging.
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Return for Risk
SYB4.DE vs. ZPRX.DE — Risk / Return Rank
SYB4.DE
ZPRX.DE
SYB4.DE vs. ZPRX.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 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.
| SYB4.DE | ZPRX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.09 | ||
| Sortino ratioReturn per unit of downside risk | -1.61 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.22 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.16 | 1.47 | -1.31 |
| Martin ratioReturn relative to average drawdown | 0.46 | 5.42 | -4.96 |
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
| SYB4.DE | ZPRX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.14 | 1.23 | -1.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.09 | 0.46 | -0.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.03 | 0.45 | -0.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 0.39 | -0.29 |
Drawdowns
SYB4.DE vs. ZPRX.DE - Drawdown Comparison
The maximum SYB4.DE drawdown since its inception was -12.16%, smaller than the maximum ZPRX.DE drawdown of -43.93%. Use the drawdown chart below to compare losses from any high point for SYB4.DE and ZPRX.DE.
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Drawdown Indicators
| SYB4.DE | ZPRX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.16% | -43.93% | +31.77% |
Max Drawdown (1Y)Largest decline over 1 year | -2.39% | -11.63% | +9.24% |
Max Drawdown (3Y)Largest decline over 3 years | -2.39% | -15.95% | +13.56% |
Max Drawdown (5Y)Largest decline over 5 years | -11.98% | -27.52% | +15.54% |
Max Drawdown (10Y)Largest decline over 10 years | -12.16% | -43.93% | +31.77% |
Current DrawdownCurrent decline from peak | -2.41% | -1.51% | -0.90% |
Average DrawdownAverage peak-to-trough decline | -2.79% | -7.71% | +4.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 3.16% | -2.32% |
Volatility
SYB4.DE vs. ZPRX.DE - Volatility Comparison
The current volatility for SPDR Bloomberg 3-5 Year Euro Government Bond UCITS ETF (SYB4.DE) is 1.26%, while SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) has a volatility of 4.17%. This indicates that SYB4.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
| SYB4.DE | ZPRX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 4.17% | -2.91% |
Volatility (6M)Calculated over the trailing 6-month period | 2.54% | 11.30% | -8.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.84% | 13.94% | -11.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.66% | 16.69% | -13.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.90% | 18.14% | -15.24% |
SYB4.DE vs. ZPRX.DE - Expense Ratio Comparison
SYB4.DE has a 0.15% expense ratio, which is lower than ZPRX.DE's 0.30% expense ratio.
Dividends
SYB4.DE vs. ZPRX.DE - Dividend Comparison
SYB4.DE's dividend yield for the trailing twelve months is around 2.42%, while ZPRX.DE has not paid dividends to shareholders.
| 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% | 2.50% | 2.27% | 0.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.11% | 0.12% |
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
SYB4.DE and ZPRX.DE have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SYB4.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SYB4.DE is cheaper with a 0.15% expense ratio, compared with 0.30% for ZPRX.DE.
SYB4.DE is categorized as European Government Bonds, while ZPRX.DE is Europe Equities. SYB4.DE tracks Bloomberg Euro Treasury 50bn 3-5 Year Bond, while ZPRX.DE tracks MSCI Europe Small Cap Value Weighted. Their fees differ too: 0.15% for SYB4.DE and 0.30% for ZPRX.DE.
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