SYB5.DE vs. XCS2.DE
SYB5.DE (State Street SPDR Bloomberg 1-5 Year Gilt UCITS ETF (Dist)) and XCS2.DE (Xtrackers II Australia Government Bond UCITS ETF (Acc)) are both Government Bonds funds - SYB5.DE tracks the Bloomberg Sterling 1-5 Year Aggregate Gilts Bond Index while XCS2.DE tracks the FTSE Australian Government Bond Index. Both are passively managed. Over the past 10 years, SYB5.DE returned 0.47%/yr vs -0.29%/yr for XCS2.DE. At a 0.34 correlation, their price movements are largely independent. SYB5.DE charges 0.15%/yr vs 0.25%/yr for XCS2.DE.
Performance
SYB5.DE vs. XCS2.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 XCS2.DE's 8.80% return. Over the past 10 years, SYB5.DE has outperformed XCS2.DE with an annualized return of 0.47%, while XCS2.DE has yielded a comparatively lower -0.29% annualized 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%
XCS2.DE
- 1D
- 0.11%
- 1M
- 0.11%
- 6M
- 7.57%
- YTD
- 8.80%
- 1Y
- 10.13%
- 3Y*
- 2.65%
- 5Y*
- -1.92%
- 10Y*
- -0.29%
SYB5.DE vs. XCS2.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) | 3.56% | 0.33% | 6.69% | 5.72% | -10.68% | 5.60% | -4.05% | 6.95% | -1.42% | -4.07% |
XCS2.DE Xtrackers II Australia Government Bond UCITS ETF (Acc) | 8.80% | -2.17% | -1.70% | 0.78% | -13.88% | -0.26% | 4.13% | 9.65% | -0.82% | -2.48% |
Correlation
The correlation between SYB5.DE and XCS2.DE is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since May 18, 2012 | 0.34 |
The correlation between SYB5.DE and XCS2.DE shifts across timeframes, from 0.34 (1 year) to 0.50 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SYB5.DE vs. XCS2.DE — Risk / Return Rank
SYB5.DE
XCS2.DE
SYB5.DE vs. XCS2.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 Xtrackers II Australia Government Bond UCITS ETF (Acc) (XCS2.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 | XCS2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.20 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.43 | 2.21 | +0.22 |
| Martin ratioReturn relative to average drawdown | 6.39 | 7.24 | -0.85 |
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Drawdowns
SYB5.DE vs. XCS2.DE - Drawdown Comparison
The maximum SYB5.DE drawdown since its inception was -26.72%, smaller than the maximum XCS2.DE drawdown of -41.58%. Use the drawdown chart below to compare losses from any high point for SYB5.DE and XCS2.DE.
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Drawdown Indicators
| SYB5.DE | XCS2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.72% | -41.58% | +14.86% |
Max Drawdown (1Y)Largest decline over 1 year | -2.02% | -4.56% | +2.54% |
Max Drawdown (3Y)Largest decline over 3 years | -4.43% | -12.00% | +7.57% |
Max Drawdown (5Y)Largest decline over 5 years | -15.56% | -22.36% | +6.80% |
Max Drawdown (10Y)Largest decline over 10 years | -16.19% | -41.58% | +25.39% |
Current DrawdownCurrent decline from peak | -9.88% | -32.75% | +22.87% |
Average DrawdownAverage peak-to-trough decline | -13.58% | -25.77% | +12.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 1.40% | -0.63% |
Volatility
SYB5.DE vs. XCS2.DE - Volatility Comparison
The current volatility for State Street SPDR Bloomberg 1-5 Year Gilt UCITS ETF (Dist) (SYB5.DE) is 1.36%, while Xtrackers II Australia Government Bond UCITS ETF (Acc) (XCS2.DE) has a volatility of 2.74%. This indicates that SYB5.DE experiences smaller price fluctuations and is considered to be less risky than XCS2.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 | XCS2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.36% | 2.74% | -1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 3.50% | 7.35% | -3.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.56% | 8.96% | -4.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.29% | 10.16% | -3.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.93% | 21.02% | -14.09% |
SYB5.DE vs. XCS2.DE - Expense Ratio Comparison
SYB5.DE has a 0.15% expense ratio, which is lower than XCS2.DE's 0.25% expense ratio. Despite the difference, 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. XCS2.DE - Dividend Comparison
SYB5.DE's dividend yield for the trailing twelve months is around 3.54%, while XCS2.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% |
XCS2.DE Xtrackers II Australia Government Bond UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SYB5.DE and XCS2.DE have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SYB5.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SYB5.DE is cheaper with a 0.15% expense ratio, compared with 0.25% for XCS2.DE.
SYB5.DE tracks Bloomberg Sterling 1-5 Year Aggregate Gilts Bond Index, while XCS2.DE tracks FTSE Australian Government Bond Index. They also come from different issuers: State Street and Xtrackers. Their fees differ too: 0.15% for SYB5.DE and 0.25% for XCS2.DE.
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