SYBG.DE vs. SPYM.DE
SYBG.DE (SPDR Bloomberg UK Gilt UCITS ETF) and SPYM.DE (SPDR MSCI Emerging Markets UCITS ETF) are both exchange-traded funds - SYBG.DE is a European Government Bonds fund tracking the Bloomberg UK Gilt, while SPYM.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets. Both are passively managed. Over the past 10 years, SYBG.DE returned -2.10%/yr vs 9.90%/yr for SPYM.DE. At a 0.09 correlation, their price movements are largely independent. SYBG.DE charges 0.15%/yr vs 0.18%/yr for SPYM.DE.
Performance
SYBG.DE vs. SPYM.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 SPYM.DE's 27.39% return. Over the past 10 years, SYBG.DE has underperformed SPYM.DE with an annualized return of -2.10%, while SPYM.DE has yielded a comparatively higher 9.90% 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%
SPYM.DE
- 1D
- -1.63%
- 1M
- 3.70%
- YTD
- 27.39%
- 6M
- 27.92%
- 1Y
- 48.95%
- 3Y*
- 21.15%
- 5Y*
- 8.45%
- 10Y*
- 9.90%
SYBG.DE vs. SPYM.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% |
SPYM.DE SPDR MSCI Emerging Markets UCITS ETF | 27.39% | 19.08% | 14.04% | 6.06% | -14.90% | 5.27% | 6.28% | 22.30% | -11.26% | 19.74% |
Correlation
The correlation between SYBG.DE and SPYM.DE is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since May 21, 2012 | 0.09 |
Over the past year, SYBG.DE and SPYM.DE have become more correlated (0.41) than their long-term average of 0.09, meaning their price movements have been converging.
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Return for Risk
SYBG.DE vs. SPYM.DE — Risk / Return Rank
SYBG.DE
SPYM.DE
SYBG.DE vs. SPYM.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 SPDR MSCI Emerging Markets UCITS ETF (SPYM.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 | SPYM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.87 | ||
| Sortino ratioReturn per unit of downside risk | -3.75 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.50 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | 4.80 | -4.92 |
| Martin ratioReturn relative to average drawdown | -0.29 | 17.28 | -17.57 |
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 | SPYM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.08 | 2.79 | -2.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.42 | 0.50 | -0.92 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.19 | 0.54 | -0.72 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.02 | 0.34 | -0.36 |
Drawdowns
SYBG.DE vs. SPYM.DE - Drawdown Comparison
The maximum SYBG.DE drawdown since its inception was -36.77%, roughly equal to the maximum SPYM.DE drawdown of -36.28%. Use the drawdown chart below to compare losses from any high point for SYBG.DE and SPYM.DE.
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Drawdown Indicators
| SYBG.DE | SPYM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.77% | -36.28% | -0.49% |
Max Drawdown (1Y)Largest decline over 1 year | -5.42% | -10.38% | +4.96% |
Max Drawdown (3Y)Largest decline over 3 years | -8.77% | -18.96% | +10.19% |
Max Drawdown (5Y)Largest decline over 5 years | -36.25% | -23.86% | -12.39% |
Max Drawdown (10Y)Largest decline over 10 years | -36.77% | -31.69% | -5.08% |
Current DrawdownCurrent decline from peak | -28.15% | -2.74% | -25.41% |
Average DrawdownAverage peak-to-trough decline | -13.60% | -9.95% | -3.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.35% | 2.89% | -0.54% |
Volatility
SYBG.DE vs. SPYM.DE - Volatility Comparison
The current volatility for SPDR Bloomberg UK Gilt UCITS ETF (SYBG.DE) is 3.47%, while SPDR MSCI Emerging Markets UCITS ETF (SPYM.DE) has a volatility of 7.34%. This indicates that SYBG.DE experiences smaller price fluctuations and is considered to be less risky than SPYM.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 | SPYM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.47% | 7.34% | -3.87% |
Volatility (6M)Calculated over the trailing 6-month period | 6.13% | 15.16% | -9.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.05% | 17.87% | -9.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.82% | 16.78% | -4.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.14% | 18.40% | -7.26% |
SYBG.DE vs. SPYM.DE - Expense Ratio Comparison
SYBG.DE has a 0.15% expense ratio, which is lower than SPYM.DE's 0.18% 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. SPYM.DE - Dividend Comparison
SYBG.DE's dividend yield for the trailing twelve months is around 3.82%, while SPYM.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYM.DE SPDR MSCI Emerging Markets UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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
SYBG.DE and SPYM.DE have a correlation of 0.41, 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 0.18% for SPYM.DE.
SYBG.DE is categorized as European Government Bonds, while SPYM.DE is Emerging Markets Equities. SYBG.DE tracks Bloomberg UK Gilt, while SPYM.DE tracks MSCI Emerging Markets. Their fees differ too: 0.15% for SYBG.DE and 0.18% for SPYM.DE.
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