SYBB.DE vs. EUNH.DE
SYBB.DE (SPDR Bloomberg Euro Government Bond UCITS ETF Dist) and EUNH.DE (iShares Core Euro Government Bond UCITS ETF (Dist)) are both European Government Bonds funds - SYBB.DE tracks the Bloomberg Euro Treasury Bond while EUNH.DE tracks the Bloomberg Euro Aggregate Treasury. Both are passively managed. Over the past 10 years, SYBB.DE returned -0.33%/yr vs -0.32%/yr for EUNH.DE. Their correlation of 0.92 suggests significant overlap in exposure. SYBB.DE charges 0.10%/yr vs 0.07%/yr for EUNH.DE.
Performance
SYBB.DE vs. EUNH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SYBB.DE achieves a 0.36% return, which is significantly higher than EUNH.DE's -0.06% return. Both investments have delivered pretty close results over the past 10 years, with SYBB.DE having a -0.33% annualized return and EUNH.DE not far ahead at -0.32%.
SYBB.DE
- 1D
- 0.10%
- 1M
- -0.01%
- YTD
- 0.36%
- 6M
- 0.21%
- 1Y
- 0.47%
- 3Y*
- 2.42%
- 5Y*
- -2.27%
- 10Y*
- -0.33%
EUNH.DE
- 1D
- 0.04%
- 1M
- -0.08%
- YTD
- -0.06%
- 6M
- 0.09%
- 1Y
- 0.30%
- 3Y*
- 2.35%
- 5Y*
- -2.27%
- 10Y*
- -0.32%
SYBB.DE vs. EUNH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SYBB.DE SPDR Bloomberg Euro Government Bond UCITS ETF Dist | 0.36% | 0.60% | 1.49% | 6.80% | -18.49% | -3.34% | 4.67% | 6.73% | 0.84% | -0.08% |
EUNH.DE iShares Core Euro Government Bond UCITS ETF (Dist) | -0.06% | 0.80% | 1.52% | 6.83% | -18.32% | -3.37% | 4.72% | 6.76% | 0.85% | -0.13% |
Correlation
The correlation between SYBB.DE and EUNH.DE is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since May 25, 2011 | 0.92 |
The correlation between SYBB.DE and EUNH.DE shifts across timeframes, from 0.84 (1 year) to 0.96 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SYBB.DE vs. EUNH.DE — Risk / Return Rank
SYBB.DE
EUNH.DE
SYBB.DE vs. EUNH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Euro Government Bond UCITS ETF Dist (SYBB.DE) and iShares Core Euro Government Bond UCITS ETF (Dist) (EUNH.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.
| SYBB.DE | EUNH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.00 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.02 | -0.03 | +0.05 |
| Martin ratioReturn relative to average drawdown | 0.06 | -0.08 | +0.14 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SYBB.DE | EUNH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.02 | -0.02 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.35 | -0.35 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.06 | -0.06 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.25 | +0.15 |
Drawdowns
SYBB.DE vs. EUNH.DE - Drawdown Comparison
The maximum SYBB.DE drawdown since its inception was -22.70%, roughly equal to the maximum EUNH.DE drawdown of -22.43%. Use the drawdown chart below to compare losses from any high point for SYBB.DE and EUNH.DE.
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Drawdown Indicators
| SYBB.DE | EUNH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.70% | -22.43% | -0.27% |
Max Drawdown (1Y)Largest decline over 1 year | -3.38% | -3.48% | +0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -3.98% | -4.10% | +0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -21.75% | -21.53% | -0.22% |
Max Drawdown (10Y)Largest decline over 10 years | -22.70% | -22.43% | -0.27% |
Current DrawdownCurrent decline from peak | -14.16% | -14.10% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -6.07% | -5.97% | -0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 1.35% | -0.02% |
Volatility
SYBB.DE vs. EUNH.DE - Volatility Comparison
The current volatility for SPDR Bloomberg Euro Government Bond UCITS ETF Dist (SYBB.DE) is 1.63%, while iShares Core Euro Government Bond UCITS ETF (Dist) (EUNH.DE) has a volatility of 1.72%. This indicates that SYBB.DE experiences smaller price fluctuations and is considered to be less risky than EUNH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SYBB.DE | EUNH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.63% | 1.72% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 3.99% | 3.70% | +0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.74% | 4.37% | +0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.39% | 6.34% | +0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.44% | 5.52% | -0.08% |
SYBB.DE vs. EUNH.DE - Expense Ratio Comparison
SYBB.DE has a 0.10% expense ratio, which is higher than EUNH.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
SYBB.DE vs. EUNH.DE - Dividend Comparison
SYBB.DE's dividend yield for the trailing twelve months is around 2.35%, less than EUNH.DE's 2.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNH.DE iShares Core Euro Government Bond UCITS ETF (Dist) | 2.49% | 2.30% | 1.77% | 0.97% | 0.27% | 0.24% | 0.47% | 0.65% | 0.66% | 0.70% | 0.94% | 0.62% |
SYBB.DE SPDR Bloomberg Euro Government Bond UCITS ETF Dist | 2.35% | 2.14% | 1.45% | 0.76% | 0.18% | 0.08% | 0.28% | 0.59% | 0.66% | 0.73% | 0.82% | 1.26% |
Frequently Asked Questions
SYBB.DE and EUNH.DE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNH.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNH.DE is cheaper with a 0.07% expense ratio, compared with 0.10% for SYBB.DE.
SYBB.DE tracks Bloomberg Euro Treasury Bond, while EUNH.DE tracks Bloomberg Euro Aggregate Treasury. They also come from different issuers: State Street and iShares. Their fees differ too: 0.10% for SYBB.DE and 0.07% for EUNH.DE.
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