SYB5.DE vs. SPPW.DE

Last updated Jul 16, 2026

SYB5.DE (State Street SPDR Bloomberg 1-5 Year Gilt UCITS ETF (Dist)) and SPPW.DE (SPDR MSCI World UCITS ETF) are both exchange-traded funds - SYB5.DE is a Government Bonds fund tracking the Bloomberg Sterling 1-5 Year Aggregate Gilts Bond Index, while SPPW.DE is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 5 years, SYB5.DE returned 1.12%/yr vs 12.45%/yr for SPPW.DE. At a 0.29 correlation, their price movements are largely independent. SYB5.DE charges 0.15%/yr vs 0.12%/yr for SPPW.DE.

Performance

SYB5.DE vs. SPPW.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in State Street SPDR Bloomberg 1-5 Year Gilt UCITS ETF (Dist) (SYB5.DE) and SPDR MSCI World UCITS ETF (SPPW.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SYB5.DE achieves a 3.56% return, which is significantly lower than SPPW.DE's 12.94% 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%

SPPW.DE

• 1D: 0.17%
• 1M: 1.61%
• 6M: 10.75%
• YTD: 12.94%
• 1Y: 23.85%
• 3Y*: 18.29%
• 5Y*: 12.45%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SYB5.DE vs. SPPW.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%	2.72%
SPPW.DE SPDR MSCI World UCITS ETF	12.94%	8.04%	26.10%	20.24%	-13.28%	32.64%	5.29%	3.00%

Correlation

The correlation between SYB5.DE and SPPW.DE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (5Y) Calculated over the trailing 5-year period	0.30
Correlation (All Time) Calculated using the full available price history since Feb 26, 2019	0.29

The correlation between SYB5.DE and SPPW.DE shifts across timeframes, from 0.29 (all time) to 0.44 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

SYB5.DE vs. SPPW.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SYB5.DE

SYB5.DE Risk / Return Rank: 42
SYB5.DE Sharpe Ratio Rank: 35
SYB5.DE Sortino Ratio Rank: 33
SYB5.DE Omega Ratio Rank: 35
SYB5.DE Calmar Ratio Rank: 59
SYB5.DE Martin Ratio Rank: 47

SPPW.DE

SPPW.DE Risk / Return Rank: 84
SPPW.DE Sharpe Ratio Rank: 83
SPPW.DE Sortino Ratio Rank: 82
SPPW.DE Omega Ratio Rank: 83
SPPW.DE Calmar Ratio Rank: 84
SPPW.DE Martin Ratio Rank: 87

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SYB5.DE vs. SPPW.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 SPDR MSCI World UCITS ETF (SPPW.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	SPPW.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.08	2.11	-1.03
Sortino ratio: Return per unit of downside risk	1.54	2.93	-1.39
Omega ratio: Gain probability vs. loss probability	1.20	1.39	-0.19
Calmar ratio: Return relative to maximum drawdown	2.43	3.64	-1.21
Martin ratio: Return relative to average drawdown	6.39	14.50	-8.11

SYB5.DE vs. SPPW.DE - Sharpe Ratio Comparison

The current SYB5.DE Sharpe Ratio is 1.08, which is lower than the SPPW.DE Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of SYB5.DE and SPPW.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SYB5.DE vs. SPPW.DE - Drawdown Comparison

The maximum SYB5.DE drawdown since its inception was -26.72%, smaller than the maximum SPPW.DE drawdown of -33.70%. Use the drawdown chart below to compare losses from any high point for SYB5.DE and SPPW.DE.

Drawdown Indicators

	SYB5.DE	SPPW.DE	Difference
Max Drawdown Largest peak-to-trough decline	-26.72%	-33.70%	+6.98%
Max Drawdown (1Y) Largest decline over 1 year	-2.02%	-6.52%	+4.50%
Max Drawdown (3Y) Largest decline over 3 years	-4.43%	-21.62%	+17.19%
Max Drawdown (5Y) Largest decline over 5 years	-15.56%	-21.62%	+6.06%
Max Drawdown (10Y) Largest decline over 10 years	-16.19%	—	—
Current Drawdown Current decline from peak	-9.88%	0.00%	-9.88%
Average Drawdown Average peak-to-trough decline	-13.58%	-4.87%	-8.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.77%	1.64%	-0.87%

Volatility

SYB5.DE vs. SPPW.DE - Volatility Comparison

The current volatility for State Street SPDR Bloomberg 1-5 Year Gilt UCITS ETF (Dist) (SYB5.DE) is 1.36%, while SPDR MSCI World UCITS ETF (SPPW.DE) has a volatility of 2.40%. This indicates that SYB5.DE experiences smaller price fluctuations and is considered to be less risky than SPPW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SYB5.DE	SPPW.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.36%	2.40%	-1.04%
Volatility (6M) Calculated over the trailing 6-month period	3.50%	7.89%	-4.39%
Volatility (1Y) Calculated over the trailing 1-year period	4.56%	11.28%	-6.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.29%	14.07%	-7.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.93%	16.57%	-9.64%

SYB5.DE vs. SPPW.DE - Expense Ratio Comparison

SYB5.DE has a 0.15% expense ratio, which is higher than SPPW.DE's 0.12% 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. SPPW.DE - Dividend Comparison

SYB5.DE's dividend yield for the trailing twelve months is around 3.54%, while SPPW.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPPW.DE SPDR MSCI World 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%
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

Can I hold both SYB5.DE and SPPW.DE in my portfolio?

SYB5.DE and SPPW.DE have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SYB5.DE or SPPW.DE?

On fees, SPPW.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SYB5.DE or SPPW.DE?

SPPW.DE is cheaper with a 0.12% expense ratio, compared with 0.15% for SYB5.DE.

What is the main difference between SYB5.DE and SPPW.DE?

SYB5.DE is categorized as Government Bonds, while SPPW.DE is Global Equities. SYB5.DE tracks Bloomberg Sterling 1-5 Year Aggregate Gilts Bond Index, while SPPW.DE tracks MSCI World Index. Their fees differ too: 0.15% for SYB5.DE and 0.12% for SPPW.DE.