SYB5.DE vs. EUN8.DE
SYB5.DE (State Street SPDR Bloomberg 1-5 Year Gilt UCITS ETF (Dist)) and EUN8.DE (iShares € Govt Bond 10-15yr UCITS ETF EUR (Dist)) are both Government Bonds funds - SYB5.DE tracks the Bloomberg Sterling 1-5 Year Aggregate Gilts Bond Index while EUN8.DE tracks the Bloomberg Euro Government Bond 10-15 Year Index. Both are passively managed. Over the past 10 years, SYB5.DE returned 0.46%/yr vs -0.87%/yr for EUN8.DE. At a 0.20 correlation, their price movements are largely independent. Both charge a 0.15% expense ratio.
Performance
SYB5.DE vs. EUN8.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SYB5.DE achieves a 3.17% return, which is significantly higher than EUN8.DE's -2.15% return. Over the past 10 years, SYB5.DE has outperformed EUN8.DE with an annualized return of 0.46%, while EUN8.DE has yielded a comparatively lower -0.87% annualized return.
SYB5.DE
- 1D
- -0.19%
- 1M
- 1.54%
- 6M
- 2.25%
- YTD
- 3.17%
- 1Y
- 4.31%
- 3Y*
- 4.69%
- 5Y*
- 1.04%
- 10Y*
- 0.46%
EUN8.DE
- 1D
- 0.19%
- 1M
- -1.79%
- 6M
- -1.22%
- YTD
- -2.15%
- 1Y
- -1.39%
- 3Y*
- 1.56%
- 5Y*
- -4.18%
- 10Y*
- -0.87%
SYB5.DE vs. EUN8.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SYB5.DE State Street SPDR Bloomberg 1-5 Year Gilt UCITS ETF (Dist) | 3.17% | 0.33% | 6.69% | 5.72% | -10.68% | 5.60% | -4.05% | 6.95% | -1.42% | -4.07% |
EUN8.DE iShares € Govt Bond 10-15yr UCITS ETF EUR (Dist) | -2.15% | 0.68% | 1.21% | 10.63% | -25.03% | -4.22% | 6.60% | 11.63% | 1.13% | 0.09% |
Correlation
The correlation between SYB5.DE and EUN8.DE is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since May 18, 2012 | 0.20 |
Over the past year, SYB5.DE and EUN8.DE have become more correlated (0.43) than their long-term average of 0.20, meaning their price movements have been converging.
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Return for Risk
SYB5.DE vs. EUN8.DE — Risk / Return Rank
SYB5.DE
EUN8.DE
SYB5.DE vs. EUN8.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR Bloomberg 1-5 Year Gilt UCITS ETF (Dist) (SYB5.DE) and iShares € Govt Bond 10-15yr UCITS ETF EUR (Dist) (EUN8.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.
| SYB5.DE | EUN8.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.14 | ||
| Sortino ratioReturn per unit of downside risk | +1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 0.97 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.12 | -0.26 | +2.38 |
| Martin ratioReturn relative to average drawdown | 5.59 | -0.60 | +6.19 |
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Drawdowns
SYB5.DE vs. EUN8.DE - Drawdown Comparison
The maximum SYB5.DE drawdown since its inception was -26.72%, smaller than the maximum EUN8.DE drawdown of -29.75%. Use the drawdown chart below to compare losses from any high point for SYB5.DE and EUN8.DE.
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Drawdown Indicators
| SYB5.DE | EUN8.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.72% | -29.75% | +3.03% |
Max Drawdown (1Y)Largest decline over 1 year | -2.02% | -5.41% | +3.39% |
Max Drawdown (3Y)Largest decline over 3 years | -4.43% | -6.67% | +2.24% |
Max Drawdown (5Y)Largest decline over 5 years | -15.56% | -29.15% | +13.59% |
Max Drawdown (10Y)Largest decline over 10 years | -16.19% | -29.75% | +13.56% |
Current DrawdownCurrent decline from peak | -10.23% | -21.14% | +10.91% |
Average DrawdownAverage peak-to-trough decline | -13.57% | -8.13% | -5.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 2.31% | -1.54% |
Volatility
SYB5.DE vs. EUN8.DE - Volatility Comparison
The current volatility for State Street SPDR Bloomberg 1-5 Year Gilt UCITS ETF (Dist) (SYB5.DE) is 1.38%, while iShares € Govt Bond 10-15yr UCITS ETF EUR (Dist) (EUN8.DE) has a volatility of 1.77%. This indicates that SYB5.DE experiences smaller price fluctuations and is considered to be less risky than EUN8.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SYB5.DE | EUN8.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.38% | 1.77% | -0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 3.51% | 5.65% | -2.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.56% | 6.98% | -2.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.28% | 9.38% | -3.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.93% | 8.31% | -1.38% |
SYB5.DE vs. EUN8.DE - Expense Ratio Comparison
Both SYB5.DE and EUN8.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
SYB5.DE vs. EUN8.DE - Dividend Comparison
SYB5.DE's dividend yield for the trailing twelve months is around 3.55%, more than EUN8.DE's 1.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUN8.DE iShares € Govt Bond 10-15yr UCITS ETF EUR (Dist) | 1.68% | 3.14% | 2.95% | 2.09% | 0.52% | 0.31% | 0.58% | 1.20% | 1.26% | 1.13% | 1.26% | 0.75% |
SYB5.DE State Street SPDR Bloomberg 1-5 Year Gilt UCITS ETF (Dist) | 3.55% | 3.52% | 2.66% | 1.30% | 0.19% | 0.12% | 0.48% | 0.57% | 0.40% | 0.54% | 0.94% | 0.99% |
Frequently Asked Questions
SYB5.DE and EUN8.DE have a correlation of 0.43, 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.
SYB5.DE and EUN8.DE have the same expense ratio: 0.15% per year.
SYB5.DE tracks Bloomberg Sterling 1-5 Year Aggregate Gilts Bond Index, while EUN8.DE tracks Bloomberg Euro Government Bond 10-15 Year Index. They also come from different issuers: State Street and iShares.
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