SYBG.DE vs. EL4P.DE
SYBG.DE (SPDR Bloomberg UK Gilt UCITS ETF) and EL4P.DE (Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF) are both European Government Bonds funds - SYBG.DE tracks the Bloomberg UK Gilt while EL4P.DE tracks the iBoxx® EUR Liquid Sovereigns Diversified 7-10. Both are passively managed. Over the past 10 years, SYBG.DE returned -1.64%/yr vs -0.06%/yr for EL4P.DE. At a 0.49 correlation, their price movements are largely independent. Both charge a 0.15% expense ratio.
Performance
SYBG.DE vs. EL4P.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SYBG.DE achieves a 1.73% return, which is significantly higher than EL4P.DE's 1.47% return. Over the past 10 years, SYBG.DE has underperformed EL4P.DE with an annualized return of -1.64%, while EL4P.DE has yielded a comparatively higher -0.06% annualized return.
SYBG.DE
- 1D
- 0.06%
- 1M
- 2.08%
- YTD
- 1.73%
- 6M
- 2.20%
- 1Y
- 1.77%
- 3Y*
- 2.55%
- 5Y*
- -4.68%
- 10Y*
- -1.64%
EL4P.DE
- 1D
- 0.05%
- 1M
- 0.99%
- YTD
- 1.47%
- 6M
- 1.68%
- 1Y
- 1.84%
- 3Y*
- 2.88%
- 5Y*
- -2.03%
- 10Y*
- -0.06%
SYBG.DE vs. EL4P.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SYBG.DE SPDR Bloomberg UK Gilt UCITS ETF | 1.73% | 0.15% | 0.07% | 5.36% | -28.98% | 2.15% | 2.00% | 11.90% | 0.08% | -1.95% |
EL4P.DE Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF | 1.47% | 1.64% | 1.06% | 8.67% | -20.09% | -3.04% | 4.33% | 6.96% | 1.48% | 0.72% |
Correlation
The correlation between SYBG.DE and EL4P.DE is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since May 17, 2012 | 0.49 |
Over the past year, SYBG.DE and EL4P.DE have become more correlated (0.70) than their long-term average of 0.49, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SYBG.DE vs. EL4P.DE — Risk / Return Rank
SYBG.DE
EL4P.DE
SYBG.DE vs. EL4P.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 Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF (EL4P.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.
| SYBG.DE | EL4P.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.07 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.33 | 0.45 | -0.12 |
| Martin ratioReturn relative to average drawdown | 0.77 | 1.16 | -0.40 |
Loading charts...
Drawdowns
SYBG.DE vs. EL4P.DE - Drawdown Comparison
The maximum SYBG.DE drawdown since its inception was -36.66%, which is greater than EL4P.DE's maximum drawdown of -23.49%. Use the drawdown chart below to compare losses from any high point for SYBG.DE and EL4P.DE.
Loading charts...
Drawdown Indicators
| SYBG.DE | EL4P.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.66% | -23.49% | -13.17% |
Max Drawdown (1Y)Largest decline over 1 year | -5.42% | -4.09% | -1.33% |
Max Drawdown (3Y)Largest decline over 3 years | -8.78% | -4.43% | -4.35% |
Max Drawdown (5Y)Largest decline over 5 years | -36.25% | -23.13% | -13.12% |
Max Drawdown (10Y)Largest decline over 10 years | -36.66% | -23.49% | -13.17% |
Current DrawdownCurrent decline from peak | -26.43% | -12.62% | -13.81% |
Average DrawdownAverage peak-to-trough decline | -13.42% | -5.57% | -7.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.08% | 1.58% | +0.50% |
Volatility
SYBG.DE vs. EL4P.DE - Volatility Comparison
SPDR Bloomberg UK Gilt UCITS ETF (SYBG.DE) has a higher volatility of 1.73% compared to Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF (EL4P.DE) at 1.28%. This indicates that SYBG.DE's price experiences larger fluctuations and is considered to be riskier than EL4P.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SYBG.DE | EL4P.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.73% | 1.28% | +0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 6.10% | 4.13% | +1.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.13% | 4.93% | +3.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.76% | 7.49% | +4.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.84% | 6.06% | +7.78% |
SYBG.DE vs. EL4P.DE - Expense Ratio Comparison
Both SYBG.DE and EL4P.DE have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SYBG.DE vs. EL4P.DE - Dividend Comparison
SYBG.DE's dividend yield for the trailing twelve months is around 3.73%, more than EL4P.DE's 3.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL4P.DE Deka iBoxx EUR Liquid Sovereign Diversified 7-10 UCITS ETF | 3.59% | 2.66% | 1.83% | 1.37% | 0.39% | 0.62% | 0.83% | 1.08% | 0.64% | 1.41% | 1.80% | 2.32% |
SYBG.DE SPDR Bloomberg UK Gilt UCITS ETF | 3.73% | 3.64% | 2.65% | 1.69% | 1.22% | 0.82% | 1.11% | 1.14% | 1.27% | 1.60% | 1.77% | 1.89% |
Frequently Asked Questions
SYBG.DE and EL4P.DE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SYBG.DE and EL4P.DE have the same expense ratio: 0.15% per year.
SYBG.DE tracks Bloomberg UK Gilt, while EL4P.DE tracks iBoxx® EUR Liquid Sovereigns Diversified 7-10. They also come from different issuers: State Street and Deka.
Find the right allocation for SYBG.DE and EL4P.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer