SYB5.DE vs. TRDX.DE
SYB5.DE (State Street SPDR Bloomberg 1-5 Year Gilt UCITS ETF (Dist)) and TRDX.DE (Invesco US Treasury Bond 7-10 Year UCITS ETF USD Dist) are both Government Bonds funds - SYB5.DE tracks the Bloomberg Sterling 1-5 Year Aggregate Gilts Bond Index while TRDX.DE tracks the Bloomberg U.S. Treasury 7-10 Year Total Return Index. Both are passively managed. Over the past 5 years, SYB5.DE returned 1.04%/yr vs -0.64%/yr for TRDX.DE. At a 0.26 correlation, their price movements are largely independent. SYB5.DE charges 0.15%/yr vs 0.06%/yr for TRDX.DE.
Performance
SYB5.DE vs. TRDX.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 TRDX.DE's 2.24% 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%
TRDX.DE
- 1D
- 0.33%
- 1M
- 1.09%
- 6M
- 1.22%
- YTD
- 2.24%
- 1Y
- 5.25%
- 3Y*
- 2.18%
- 5Y*
- -0.64%
- 10Y*
- —
SYB5.DE vs. TRDX.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) | 3.17% | 0.33% | 6.69% | 5.72% | -10.68% | 5.60% | -4.05% | 6.82% |
TRDX.DE Invesco US Treasury Bond 7-10 Year UCITS ETF USD Dist | 2.24% | -3.42% | 5.25% | 0.09% | -9.69% | 5.10% | 0.07% | -3.29% |
Correlation
The correlation between SYB5.DE and TRDX.DE is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2019 | 0.26 |
The correlation between SYB5.DE and TRDX.DE shifts across timeframes, from 0.15 (1 year) to 0.35 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
SYB5.DE vs. TRDX.DE — Risk / Return Rank
SYB5.DE
TRDX.DE
SYB5.DE vs. TRDX.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 7-10 Year UCITS ETF USD Dist (TRDX.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 | TRDX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.17 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.12 | 1.21 | +0.91 |
| Martin ratioReturn relative to average drawdown | 5.59 | 3.09 | +2.50 |
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Drawdowns
SYB5.DE vs. TRDX.DE - Drawdown Comparison
The maximum SYB5.DE drawdown since its inception was -26.72%, which is greater than TRDX.DE's maximum drawdown of -20.98%. Use the drawdown chart below to compare losses from any high point for SYB5.DE and TRDX.DE.
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Drawdown Indicators
| SYB5.DE | TRDX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.72% | -20.98% | -5.74% |
Max Drawdown (1Y)Largest decline over 1 year | -2.02% | -4.32% | +2.30% |
Max Drawdown (3Y)Largest decline over 3 years | -4.43% | -10.57% | +6.14% |
Max Drawdown (5Y)Largest decline over 5 years | -15.56% | -15.52% | -0.04% |
Max Drawdown (10Y)Largest decline over 10 years | -16.19% | — | — |
Current DrawdownCurrent decline from peak | -10.23% | -14.38% | +4.15% |
Average DrawdownAverage peak-to-trough decline | -13.57% | -12.26% | -1.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 1.69% | -0.92% |
Volatility
SYB5.DE vs. TRDX.DE - Volatility Comparison
The current volatility for State Street SPDR Bloomberg 1-5 Year Gilt UCITS ETF (Dist) (SYB5.DE) is 1.38%, while Invesco US Treasury Bond 7-10 Year UCITS ETF USD Dist (TRDX.DE) has a volatility of 1.48%. This indicates that SYB5.DE experiences smaller price fluctuations and is considered to be less risky than TRDX.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 | TRDX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.38% | 1.48% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 3.51% | 4.06% | -0.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.56% | 5.88% | -1.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.28% | 8.91% | -2.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.93% | 9.36% | -2.43% |
SYB5.DE vs. TRDX.DE - Expense Ratio Comparison
SYB5.DE has a 0.15% expense ratio, which is higher than TRDX.DE's 0.06% 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. TRDX.DE - Dividend Comparison
SYB5.DE's dividend yield for the trailing twelve months is around 3.55%, less than TRDX.DE's 4.26% yield.
| 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) | 3.55% | 3.52% | 2.66% | 1.30% | 0.19% | 0.12% | 0.48% | 0.57% | 0.40% | 0.54% | 0.94% | 0.99% |
TRDX.DE Invesco US Treasury Bond 7-10 Year UCITS ETF USD Dist | 4.26% | 4.34% | 4.22% | 3.57% | 2.45% | 1.57% | 1.94% | 2.02% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SYB5.DE and TRDX.DE have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TRDX.DE is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TRDX.DE is cheaper with a 0.06% expense ratio, compared with 0.15% for SYB5.DE.
SYB5.DE tracks Bloomberg Sterling 1-5 Year Aggregate Gilts Bond Index, while TRDX.DE tracks Bloomberg U.S. Treasury 7-10 Year Total Return Index. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.15% for SYB5.DE and 0.06% for TRDX.DE.
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