SYBG.DE vs. IBCM.DE
SYBG.DE (SPDR Bloomberg UK Gilt UCITS ETF) and IBCM.DE (iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist)) are both European Government Bonds funds - SYBG.DE tracks the Bloomberg UK Gilt while IBCM.DE tracks the Bloomberg Euro Government Bond 10. Both are passively managed. Over the past 10 years, SYBG.DE returned -2.10%/yr vs -0.17%/yr for IBCM.DE. A 0.57 correlation means they provide meaningful diversification when combined. Both charge a 0.15% expense ratio.
Performance
SYBG.DE vs. IBCM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SYBG.DE achieves a -0.52% return, which is significantly lower than IBCM.DE's 0.27% return. Over the past 10 years, SYBG.DE has underperformed IBCM.DE with an annualized return of -2.10%, while IBCM.DE has yielded a comparatively higher -0.17% annualized 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%
IBCM.DE
- 1D
- 0.06%
- 1M
- 0.02%
- YTD
- 0.27%
- 6M
- 0.03%
- 1Y
- 0.68%
- 3Y*
- 2.61%
- 5Y*
- -2.34%
- 10Y*
- -0.17%
SYBG.DE vs. IBCM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SYBG.DE SPDR Bloomberg UK Gilt UCITS ETF | -0.52% | 0.15% | 0.09% | 5.36% | -28.98% | 2.15% | 1.98% | 13.19% | -1.03% | -1.99% |
IBCM.DE iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) | 0.27% | 1.53% | 0.84% | 8.74% | -19.91% | -3.09% | 4.08% | 6.64% | 1.32% | 0.88% |
Correlation
The correlation between SYBG.DE and IBCM.DE is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since May 21, 2012 | 0.57 |
The correlation between SYBG.DE and IBCM.DE shifts across timeframes, from 0.57 (all time) to 0.72 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SYBG.DE vs. IBCM.DE — Risk / Return Rank
SYBG.DE
IBCM.DE
SYBG.DE vs. IBCM.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 iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) (IBCM.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 | IBCM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.01 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | 0.03 | -0.16 |
| Martin ratioReturn relative to average drawdown | -0.29 | 0.08 | -0.37 |
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
| SYBG.DE | IBCM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.08 | 0.03 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.42 | -0.31 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.19 | -0.03 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.02 | 0.59 | -0.61 |
Drawdowns
SYBG.DE vs. IBCM.DE - Drawdown Comparison
The maximum SYBG.DE drawdown since its inception was -36.77%, which is greater than IBCM.DE's maximum drawdown of -23.25%. Use the drawdown chart below to compare losses from any high point for SYBG.DE and IBCM.DE.
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Drawdown Indicators
| SYBG.DE | IBCM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.77% | -23.25% | -13.52% |
Max Drawdown (1Y)Largest decline over 1 year | -5.42% | -4.08% | -1.34% |
Max Drawdown (3Y)Largest decline over 3 years | -8.77% | -4.53% | -4.24% |
Max Drawdown (5Y)Largest decline over 5 years | -36.25% | -22.90% | -13.35% |
Max Drawdown (10Y)Largest decline over 10 years | -36.77% | -23.25% | -13.52% |
Current DrawdownCurrent decline from peak | -28.15% | -13.71% | -14.44% |
Average DrawdownAverage peak-to-trough decline | -13.60% | -5.23% | -8.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.35% | 1.53% | +0.82% |
Volatility
SYBG.DE vs. IBCM.DE - Volatility Comparison
SPDR Bloomberg UK Gilt UCITS ETF (SYBG.DE) has a higher volatility of 3.47% compared to iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) (IBCM.DE) at 1.94%. This indicates that SYBG.DE's price experiences larger fluctuations and is considered to be riskier than IBCM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SYBG.DE | IBCM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.47% | 1.94% | +1.53% |
Volatility (6M)Calculated over the trailing 6-month period | 6.13% | 4.20% | +1.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.05% | 5.00% | +3.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.82% | 7.39% | +4.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.14% | 6.03% | +5.11% |
SYBG.DE vs. IBCM.DE - Expense Ratio Comparison
Both SYBG.DE and IBCM.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. IBCM.DE - Dividend Comparison
SYBG.DE's dividend yield for the trailing twelve months is around 3.82%, more than IBCM.DE's 2.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBCM.DE iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) | 2.92% | 2.82% | 2.73% | 1.97% | 0.13% | 0.00% | 0.09% | 0.63% | 0.75% | 0.76% | 0.80% | 1.09% |
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
SYBG.DE and IBCM.DE have a correlation of 0.65, 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 IBCM.DE have the same expense ratio: 0.15% per year.
SYBG.DE tracks Bloomberg UK Gilt, while IBCM.DE tracks Bloomberg Euro Government Bond 10. They also come from different issuers: State Street and iShares.
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