SYB5.DE vs. IBCC.DE
SYB5.DE (State Street SPDR Bloomberg 1-5 Year Gilt UCITS ETF (Dist)) and IBCC.DE (iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist)) are both Government Bonds funds - SYB5.DE tracks the Bloomberg Sterling 1-5 Year Aggregate Gilts Bond Index while IBCC.DE tracks the ICE US Treasury Short Bond Index. Both are passively managed. Over the past 5 years, SYB5.DE returned 1.12%/yr vs 4.12%/yr for IBCC.DE. At a 0.11 correlation, their price movements are largely independent. SYB5.DE charges 0.15%/yr vs 0.07%/yr for IBCC.DE.
Performance
SYB5.DE vs. IBCC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SYB5.DE achieves a 3.56% return, which is significantly lower than IBCC.DE's 4.60% return.
SYB5.DE
- 1D
- 0.86%
- 1M
- 1.86%
- 6M
- 2.51%
- YTD
- 3.56%
- 1Y
- 4.93%
- 3Y*
- 4.85%
- 5Y*
- 1.12%
- 10Y*
- 0.47%
IBCC.DE
- 1D
- 0.00%
- 1M
- 1.63%
- 6M
- 3.63%
- YTD
- 4.60%
- 1Y
- 5.34%
- 3Y*
- 4.08%
- 5Y*
- 4.12%
- 10Y*
- —
SYB5.DE vs. IBCC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SYB5.DE State Street SPDR Bloomberg 1-5 Year Gilt UCITS ETF (Dist) | 3.56% | 0.33% | 6.69% | 5.72% | -10.68% | 5.60% | -4.05% | 2.74% |
IBCC.DE iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist) | 4.60% | -7.23% | 11.42% | 1.23% | 7.25% | 8.42% | -8.13% | -8.71% |
Correlation
The correlation between SYB5.DE and IBCC.DE is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2019 | 0.11 |
The correlation between SYB5.DE and IBCC.DE shifts across timeframes, from -0.01 (1 year) to 0.11 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SYB5.DE vs. IBCC.DE — Risk / Return Rank
SYB5.DE
IBCC.DE
SYB5.DE vs. IBCC.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 $ Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBCC.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 | IBCC.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 | 1.20 | 1.16 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.43 | 1.64 | +0.79 |
| Martin ratioReturn relative to average drawdown | 6.39 | 3.74 | +2.66 |
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Drawdowns
SYB5.DE vs. IBCC.DE - Drawdown Comparison
The maximum SYB5.DE drawdown since its inception was -26.72%, which is greater than IBCC.DE's maximum drawdown of -16.17%. Use the drawdown chart below to compare losses from any high point for SYB5.DE and IBCC.DE.
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Drawdown Indicators
| SYB5.DE | IBCC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.72% | -16.17% | -10.55% |
Max Drawdown (1Y)Largest decline over 1 year | -2.02% | -3.24% | +1.22% |
Max Drawdown (3Y)Largest decline over 3 years | -4.43% | -11.59% | +7.16% |
Max Drawdown (5Y)Largest decline over 5 years | -15.56% | -11.69% | -3.87% |
Max Drawdown (10Y)Largest decline over 10 years | -16.19% | — | — |
Current DrawdownCurrent decline from peak | -9.88% | -5.33% | -4.55% |
Average DrawdownAverage peak-to-trough decline | -13.58% | -7.97% | -5.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 1.43% | -0.66% |
Volatility
SYB5.DE vs. IBCC.DE - Volatility Comparison
The current volatility for State Street SPDR Bloomberg 1-5 Year Gilt UCITS ETF (Dist) (SYB5.DE) is 1.36%, while iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBCC.DE) has a volatility of 1.78%. This indicates that SYB5.DE experiences smaller price fluctuations and is considered to be less risky than IBCC.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 | IBCC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.36% | 1.78% | -0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 3.50% | 4.35% | -0.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.56% | 6.24% | -1.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.29% | 7.57% | -1.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.93% | 8.41% | -1.48% |
SYB5.DE vs. IBCC.DE - Expense Ratio Comparison
SYB5.DE has a 0.15% expense ratio, which is higher than IBCC.DE's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SYB5.DE vs. IBCC.DE - Dividend Comparison
SYB5.DE's dividend yield for the trailing twelve months is around 3.54%, less than IBCC.DE's 3.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBCC.DE iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist) | 3.99% | 4.63% | 6.49% | 4.14% | 0.47% | 0.09% | 1.39% | 1.22% | 0.00% | 0.00% | 0.00% | 0.00% |
SYB5.DE State Street SPDR Bloomberg 1-5 Year Gilt UCITS ETF (Dist) | 3.54% | 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 IBCC.DE have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBCC.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBCC.DE is cheaper with a 0.07% expense ratio, compared with 0.15% for SYB5.DE.
SYB5.DE tracks Bloomberg Sterling 1-5 Year Aggregate Gilts Bond Index, while IBCC.DE tracks ICE US Treasury Short Bond Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.15% for SYB5.DE and 0.07% for IBCC.DE.
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