SYBG.DE vs. MTDD.DE
SYBG.DE (SPDR Bloomberg UK Gilt UCITS ETF) and MTDD.DE (Amundi Euro Government Bond 7-10Y UCITS ETF Dist) are both European Government Bonds funds - SYBG.DE tracks the Bloomberg UK Gilt while MTDD.DE tracks the Bloomberg Euro Treasury 50bn 7-10 Year Bond. Both are passively managed. Over the past 5 years, SYBG.DE returned -4.68%/yr vs -1.82%/yr for MTDD.DE. A 0.70 correlation means they provide meaningful diversification when combined. SYBG.DE charges 0.15%/yr vs 0.17%/yr for MTDD.DE.
Performance
SYBG.DE vs. MTDD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SYBG.DE achieves a 1.73% return, which is significantly higher than MTDD.DE's 1.42% 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%
MTDD.DE
- 1D
- 0.06%
- 1M
- 1.04%
- YTD
- 1.42%
- 6M
- 1.58%
- 1Y
- 1.73%
- 3Y*
- 2.92%
- 5Y*
- -1.82%
- 10Y*
- —
SYBG.DE vs. MTDD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SYBG.DE SPDR Bloomberg UK Gilt UCITS ETF | 1.73% | 0.15% | 0.07% | 5.36% | -28.98% | 2.15% | 0.66% |
MTDD.DE Amundi Euro Government Bond 7-10Y UCITS ETF Dist | 1.42% | 1.75% | 1.15% | 8.48% | -19.28% | -2.83% | 1.23% |
Correlation
The correlation between SYBG.DE and MTDD.DE is 0.69, 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 | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2020 | 0.70 |
The correlation between SYBG.DE and MTDD.DE has been stable across timeframes, ranging from 0.69 to 0.74 - a consistent structural relationship.
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Return for Risk
SYBG.DE vs. MTDD.DE — Risk / Return Rank
SYBG.DE
MTDD.DE
SYBG.DE vs. MTDD.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 Amundi Euro Government Bond 7-10Y UCITS ETF Dist (MTDD.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 | MTDD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.07 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.33 | 0.42 | -0.09 |
| Martin ratioReturn relative to average drawdown | 0.77 | 1.09 | -0.33 |
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Drawdowns
SYBG.DE vs. MTDD.DE - Drawdown Comparison
The maximum SYBG.DE drawdown since its inception was -36.66%, which is greater than MTDD.DE's maximum drawdown of -22.48%. Use the drawdown chart below to compare losses from any high point for SYBG.DE and MTDD.DE.
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Drawdown Indicators
| SYBG.DE | MTDD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.66% | -22.48% | -14.18% |
Max Drawdown (1Y)Largest decline over 1 year | -5.42% | -4.13% | -1.29% |
Max Drawdown (3Y)Largest decline over 3 years | -8.78% | -4.33% | -4.45% |
Max Drawdown (5Y)Largest decline over 5 years | -36.25% | -22.18% | -14.07% |
Max Drawdown (10Y)Largest decline over 10 years | -36.66% | — | — |
Current DrawdownCurrent decline from peak | -26.43% | -11.51% | -14.92% |
Average DrawdownAverage peak-to-trough decline | -13.42% | -12.23% | -1.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.08% | 1.58% | +0.50% |
Volatility
SYBG.DE vs. MTDD.DE - Volatility Comparison
SPDR Bloomberg UK Gilt UCITS ETF (SYBG.DE) has a higher volatility of 1.73% compared to Amundi Euro Government Bond 7-10Y UCITS ETF Dist (MTDD.DE) at 1.31%. This indicates that SYBG.DE's price experiences larger fluctuations and is considered to be riskier than MTDD.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 | MTDD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.73% | 1.31% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 6.10% | 4.22% | +1.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.13% | 4.95% | +3.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.76% | 7.10% | +4.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.84% | 6.70% | +7.14% |
SYBG.DE vs. MTDD.DE - Expense Ratio Comparison
SYBG.DE has a 0.15% expense ratio, which is lower than MTDD.DE's 0.17% 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
SYBG.DE vs. MTDD.DE - Dividend Comparison
SYBG.DE's dividend yield for the trailing twelve months is around 3.73%, more than MTDD.DE's 2.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MTDD.DE Amundi Euro Government Bond 7-10Y UCITS ETF Dist | 2.64% | 2.68% | 1.85% | 1.25% | 1.45% | 1.74% | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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 MTDD.DE have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SYBG.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SYBG.DE is cheaper with a 0.15% expense ratio, compared with 0.17% for MTDD.DE.
SYBG.DE tracks Bloomberg UK Gilt, while MTDD.DE tracks Bloomberg Euro Treasury 50bn 7-10 Year Bond. They also come from different issuers: State Street and Amundi. Their fees differ too: 0.15% for SYBG.DE and 0.17% for MTDD.DE.
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