SYBG.DE vs. EIB3.DE

Last updated Jun 5, 2026

SYBG.DE (SPDR Bloomberg UK Gilt UCITS ETF) and EIB3.DE (Invesco Euro Government Bond 1-3 Year UCITS ETF Dist) are both European Government Bonds funds - SYBG.DE tracks the Bloomberg UK Gilt while EIB3.DE tracks the Bloomberg Euro Government Select 1-3. Both are passively managed. Over the past 5 years, SYBG.DE returned -5.01%/yr vs 0.63%/yr for EIB3.DE. A 0.52 correlation means they provide meaningful diversification when combined. SYBG.DE charges 0.15%/yr vs 0.10%/yr for EIB3.DE.

Performance

SYBG.DE vs. EIB3.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR Bloomberg UK Gilt UCITS ETF (SYBG.DE) and Invesco Euro Government Bond 1-3 Year UCITS ETF Dist (EIB3.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SYBG.DE achieves a -0.52% return, which is significantly lower than EIB3.DE's 0.19% return.

SYBG.DE

• 1D: 0.06%
• 1M: 0.46%
• YTD: -0.52%
• 6M: -0.19%
• 1Y: -0.66%
• 3Y*: 1.99%
• 5Y*: -5.01%
• 10Y*: -2.10%

EIB3.DE

• 1D: 0.93%
• 1M: 0.06%
• YTD: 0.19%
• 6M: 0.56%
• 1Y: 0.95%
• 3Y*: 2.63%
• 5Y*: 0.63%
• 10Y*: —

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

SYBG.DE vs. EIB3.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SYBG.DE SPDR Bloomberg UK Gilt UCITS ETF	-0.52%	0.15%	0.09%	5.36%	-28.98%	2.15%	1.98%	1.70%
EIB3.DE Invesco Euro Government Bond 1-3 Year UCITS ETF Dist	0.19%	2.14%	3.03%	3.39%	-4.93%	-0.76%	-0.13%	-0.51%

Correlation

The correlation between SYBG.DE and EIB3.DE is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.57
Correlation (All Time) Calculated using the full available price history since Sep 3, 2019	0.52

The correlation between SYBG.DE and EIB3.DE shifts across timeframes, from 0.33 (1 year) to 0.57 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

SYBG.DE vs. EIB3.DE — Risk / Return Rank

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

SYBG.DE

SYBG.DE Risk / Return Rank: 8
SYBG.DE Sharpe Ratio Rank: 8
SYBG.DE Sortino Ratio Rank: 7
SYBG.DE Omega Ratio Rank: 8
SYBG.DE Calmar Ratio Rank: 8
SYBG.DE Martin Ratio Rank: 8

EIB3.DE

EIB3.DE Risk / Return Rank: 14
EIB3.DE Sharpe Ratio Rank: 13
EIB3.DE Sortino Ratio Rank: 12
EIB3.DE Omega Ratio Rank: 13
EIB3.DE Calmar Ratio Rank: 15
EIB3.DE Martin Ratio Rank: 16

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.

SYBG.DE vs. EIB3.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg UK Gilt UCITS ETF (SYBG.DE) and Invesco Euro Government Bond 1-3 Year UCITS ETF Dist (EIB3.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.

	SYBG.DE	EIB3.DE	Difference
Sharpe ratio: Return per unit of total volatility	-0.08	0.26	-0.34
Sortino ratio: Return per unit of downside risk	-0.06	0.39	-0.45
Omega ratio: Gain probability vs. loss probability	0.99	1.06	-0.07
Calmar ratio: Return relative to maximum drawdown	-0.13	0.50	-0.63
Martin ratio: Return relative to average drawdown	-0.29	1.50	-1.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SYBG.DE vs. EIB3.DE - Sharpe Ratio Comparison

The current SYBG.DE Sharpe Ratio is -0.08, which is lower than the EIB3.DE Sharpe Ratio of 0.26. The chart below compares the historical Sharpe Ratios of SYBG.DE and EIB3.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.

Sharpe Ratios by Period

	SYBG.DE	EIB3.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.08	0.26	-0.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.42	0.30	-0.72
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.19	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.02	0.17	-0.19

Drawdowns

SYBG.DE vs. EIB3.DE - Drawdown Comparison

The maximum SYBG.DE drawdown since its inception was -36.77%, which is greater than EIB3.DE's maximum drawdown of -6.78%. Use the drawdown chart below to compare losses from any high point for SYBG.DE and EIB3.DE.

Drawdown Indicators

	SYBG.DE	EIB3.DE	Difference
Max Drawdown Largest peak-to-trough decline	-36.77%	-6.78%	-29.99%
Max Drawdown (1Y) Largest decline over 1 year	-5.42%	-1.60%	-3.82%
Max Drawdown (3Y) Largest decline over 3 years	-8.77%	-1.60%	-7.17%
Max Drawdown (5Y) Largest decline over 5 years	-36.25%	-5.91%	-30.34%
Max Drawdown (10Y) Largest decline over 10 years	-36.77%	—	—
Current Drawdown Current decline from peak	-28.15%	-0.68%	-27.47%
Average Drawdown Average peak-to-trough decline	-13.60%	-2.06%	-11.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.35%	0.54%	+1.81%

Volatility

SYBG.DE vs. EIB3.DE - Volatility Comparison

SPDR Bloomberg UK Gilt UCITS ETF (SYBG.DE) has a higher volatility of 3.47% compared to Invesco Euro Government Bond 1-3 Year UCITS ETF Dist (EIB3.DE) at 1.50%. This indicates that SYBG.DE's price experiences larger fluctuations and is considered to be riskier than EIB3.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SYBG.DE	EIB3.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.47%	1.50%	+1.97%
Volatility (6M) Calculated over the trailing 6-month period	6.13%	2.75%	+3.38%
Volatility (1Y) Calculated over the trailing 1-year period	8.05%	3.11%	+4.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.82%	2.11%	+9.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.14%	1.89%	+9.25%

SYBG.DE vs. EIB3.DE - Expense Ratio Comparison

SYBG.DE has a 0.15% expense ratio, which is higher than EIB3.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

SYBG.DE vs. EIB3.DE - Dividend Comparison

SYBG.DE's dividend yield for the trailing twelve months is around 3.82%, more than EIB3.DE's 2.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EIB3.DE Invesco Euro Government Bond 1-3 Year UCITS ETF Dist	2.41%	2.51%	2.80%	2.24%	0.23%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SYBG.DE SPDR Bloomberg UK Gilt UCITS ETF	3.82%	3.64%	2.67%	1.69%	1.22%	0.82%	1.11%	1.14%	1.28%	1.61%	1.77%	1.89%

Frequently Asked Questions

Can I hold both SYBG.DE and EIB3.DE in my portfolio?

SYBG.DE and EIB3.DE have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SYBG.DE or EIB3.DE?

On fees, EIB3.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SYBG.DE or EIB3.DE?

EIB3.DE is cheaper with a 0.10% expense ratio, compared with 0.15% for SYBG.DE.

What is the main difference between SYBG.DE and EIB3.DE?

SYBG.DE tracks Bloomberg UK Gilt, while EIB3.DE tracks Bloomberg Euro Government Select 1-3. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.15% for SYBG.DE and 0.10% for EIB3.DE.