SYBG.DE vs. SPYW.DE
SYBG.DE (SPDR Bloomberg UK Gilt UCITS ETF) and SPYW.DE (SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist)) are both exchange-traded funds - SYBG.DE is a European Government Bonds fund tracking the Bloomberg UK Gilt, while SPYW.DE is a Europe Equities fund tracking the S&P Euro High Yield Dividend Aristocrats. Both are passively managed. Over the past 10 years, SYBG.DE returned -2.10%/yr vs 6.79%/yr for SPYW.DE. At a 0.05 correlation, their price movements are largely independent. SYBG.DE charges 0.15%/yr vs 0.30%/yr for SPYW.DE.
Performance
SYBG.DE vs. SPYW.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 SPYW.DE's 5.36% return. Over the past 10 years, SYBG.DE has underperformed SPYW.DE with an annualized return of -2.10%, while SPYW.DE has yielded a comparatively higher 6.79% 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%
SPYW.DE
- 1D
- 0.09%
- 1M
- -1.61%
- YTD
- 5.36%
- 6M
- 7.50%
- 1Y
- 7.59%
- 3Y*
- 13.21%
- 5Y*
- 8.07%
- 10Y*
- 6.79%
SYBG.DE vs. SPYW.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% |
SPYW.DE SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) | 5.36% | 20.24% | 8.29% | 17.93% | -11.23% | 14.36% | -11.84% | 23.34% | -8.58% | 11.23% |
Correlation
The correlation between SYBG.DE and SPYW.DE is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since May 21, 2012 | 0.05 |
Over the past year, SYBG.DE and SPYW.DE have become more correlated (0.42) than their long-term average of 0.05, meaning their price movements have been converging.
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Return for Risk
SYBG.DE vs. SPYW.DE — Risk / Return Rank
SYBG.DE
SPYW.DE
SYBG.DE vs. SPYW.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 S&P Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.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 | SPYW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.14 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | 0.98 | -1.11 |
| Martin ratioReturn relative to average drawdown | -0.29 | 3.14 | -3.43 |
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 | SPYW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.08 | 0.74 | -0.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.42 | 0.60 | -1.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.19 | 0.45 | -0.64 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.02 | 0.53 | -0.55 |
Drawdowns
SYBG.DE vs. SPYW.DE - Drawdown Comparison
The maximum SYBG.DE drawdown since its inception was -36.77%, roughly equal to the maximum SPYW.DE drawdown of -38.68%. Use the drawdown chart below to compare losses from any high point for SYBG.DE and SPYW.DE.
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Drawdown Indicators
| SYBG.DE | SPYW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.77% | -38.68% | +1.91% |
Max Drawdown (1Y)Largest decline over 1 year | -5.42% | -7.99% | +2.57% |
Max Drawdown (3Y)Largest decline over 3 years | -8.77% | -11.64% | +2.87% |
Max Drawdown (5Y)Largest decline over 5 years | -36.25% | -23.97% | -12.28% |
Max Drawdown (10Y)Largest decline over 10 years | -36.77% | -38.68% | +1.91% |
Current DrawdownCurrent decline from peak | -28.15% | -2.54% | -25.61% |
Average DrawdownAverage peak-to-trough decline | -13.60% | -5.62% | -7.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.35% | 2.50% | -0.15% |
Volatility
SYBG.DE vs. SPYW.DE - Volatility Comparison
SPDR Bloomberg UK Gilt UCITS ETF (SYBG.DE) has a higher volatility of 3.47% compared to SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.DE) at 2.92%. This indicates that SYBG.DE's price experiences larger fluctuations and is considered to be riskier than SPYW.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 | SPYW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.47% | 2.92% | +0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 6.13% | 8.76% | -2.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.05% | 10.65% | -2.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.82% | 13.27% | -1.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.14% | 14.88% | -3.74% |
SYBG.DE vs. SPYW.DE - Expense Ratio Comparison
SYBG.DE has a 0.15% expense ratio, which is lower than SPYW.DE's 0.30% expense ratio.
Dividends
SYBG.DE vs. SPYW.DE - Dividend Comparison
SYBG.DE's dividend yield for the trailing twelve months is around 3.82%, more than SPYW.DE's 3.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYW.DE SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) | 3.60% | 4.07% | 3.67% | 3.31% | 3.62% | 2.78% | 3.05% | 3.10% | 3.74% | 3.15% | 2.97% | 2.99% |
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 SPYW.DE have a correlation of 0.42, 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 0.30% for SPYW.DE.
SYBG.DE is categorized as European Government Bonds, while SPYW.DE is Europe Equities. SYBG.DE tracks Bloomberg UK Gilt, while SPYW.DE tracks S&P Euro High Yield Dividend Aristocrats. Their fees differ too: 0.15% for SYBG.DE and 0.30% for SPYW.DE.
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