SYB5.DE vs. T1EU.DE
SYB5.DE (State Street SPDR Bloomberg 1-5 Year Gilt UCITS ETF (Dist)) and T1EU.DE (Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc) are both Government Bonds funds - SYB5.DE tracks the Bloomberg Sterling 1-5 Year Aggregate Gilts Bond Index while T1EU.DE tracks the Bloomberg US Treasury Coupons Index. Both are passively managed. Over the past 5 years, SYB5.DE returned 1.12%/yr vs 1.40%/yr for T1EU.DE. At a 0.13 correlation, their price movements are largely independent. SYB5.DE charges 0.15%/yr vs 0.10%/yr for T1EU.DE.
Performance
SYB5.DE vs. T1EU.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 higher than T1EU.DE's 0.85% 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%
T1EU.DE
- 1D
- 0.00%
- 1M
- 0.14%
- 6M
- 0.81%
- YTD
- 0.85%
- 1Y
- 1.84%
- 3Y*
- 2.69%
- 5Y*
- 1.40%
- 10Y*
- —
SYB5.DE vs. T1EU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
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% | -0.78% |
T1EU.DE Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc | 0.85% | 2.00% | 3.48% | 2.83% | -1.53% | -0.93% | -0.47% |
Correlation
The correlation between SYB5.DE and T1EU.DE is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2020 | 0.13 |
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Return for Risk
SYB5.DE vs. T1EU.DE — Risk / Return Rank
SYB5.DE
T1EU.DE
SYB5.DE vs. T1EU.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 Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc (T1EU.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 | T1EU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.35 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.43 | 3.62 | -1.19 |
| Martin ratioReturn relative to average drawdown | 6.39 | 17.64 | -11.25 |
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Drawdowns
SYB5.DE vs. T1EU.DE - Drawdown Comparison
The maximum SYB5.DE drawdown since its inception was -26.72%, which is greater than T1EU.DE's maximum drawdown of -3.20%. Use the drawdown chart below to compare losses from any high point for SYB5.DE and T1EU.DE.
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Drawdown Indicators
| SYB5.DE | T1EU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.72% | -3.20% | -23.52% |
Max Drawdown (1Y)Largest decline over 1 year | -2.02% | -0.51% | -1.51% |
Max Drawdown (3Y)Largest decline over 3 years | -4.43% | -0.51% | -3.92% |
Max Drawdown (5Y)Largest decline over 5 years | -15.56% | -2.36% | -13.20% |
Max Drawdown (10Y)Largest decline over 10 years | -16.19% | — | — |
Current DrawdownCurrent decline from peak | -9.88% | 0.00% | -9.88% |
Average DrawdownAverage peak-to-trough decline | -13.58% | -0.85% | -12.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 0.10% | +0.67% |
Volatility
SYB5.DE vs. T1EU.DE - Volatility Comparison
State Street SPDR Bloomberg 1-5 Year Gilt UCITS ETF (Dist) (SYB5.DE) has a higher volatility of 1.36% compared to Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc (T1EU.DE) at 0.06%. This indicates that SYB5.DE's price experiences larger fluctuations and is considered to be riskier than T1EU.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 | T1EU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.36% | 0.06% | +1.30% |
Volatility (6M)Calculated over the trailing 6-month period | 3.50% | 1.05% | +2.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.56% | 1.44% | +3.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.29% | 0.81% | +5.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.93% | 0.73% | +6.20% |
SYB5.DE vs. T1EU.DE - Expense Ratio Comparison
SYB5.DE has a 0.15% expense ratio, which is higher than T1EU.DE's 0.10% 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. T1EU.DE - Dividend Comparison
SYB5.DE's dividend yield for the trailing twelve months is around 3.54%, while T1EU.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
T1EU.DE Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SYB5.DE and T1EU.DE have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, T1EU.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
T1EU.DE is cheaper with a 0.10% expense ratio, compared with 0.15% for SYB5.DE.
SYB5.DE tracks Bloomberg Sterling 1-5 Year Aggregate Gilts Bond Index, while T1EU.DE tracks Bloomberg US Treasury Coupons Index. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.15% for SYB5.DE and 0.10% for T1EU.DE.
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