SYBG.DE vs. VGEA.DE
SYBG.DE (SPDR Bloomberg UK Gilt UCITS ETF) and VGEA.DE (Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating) are both European Government Bonds funds - SYBG.DE tracks the Bloomberg UK Gilt while VGEA.DE tracks the Bloomberg Euro Aggregate Treasury. Both are passively managed. Over the past 5 years, SYBG.DE returned -5.01%/yr vs -2.24%/yr for VGEA.DE. A 0.62 correlation means they provide meaningful diversification when combined. SYBG.DE charges 0.15%/yr vs 0.07%/yr for VGEA.DE.
Performance
SYBG.DE vs. VGEA.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SYBG.DE achieves a -0.52% return, which is significantly lower than VGEA.DE's 0.11% 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%
VGEA.DE
- 1D
- 0.06%
- 1M
- -0.02%
- YTD
- 0.11%
- 6M
- 0.18%
- 1Y
- 0.33%
- 3Y*
- 2.38%
- 5Y*
- -2.24%
- 10Y*
- —
SYBG.DE vs. VGEA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SYBG.DE SPDR Bloomberg UK Gilt UCITS ETF | -0.52% | 0.15% | 0.09% | 5.36% | -28.98% | 2.15% | 1.98% | 7.41% |
VGEA.DE Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating | 0.11% | 0.67% | 1.54% | 6.93% | -18.30% | -3.32% | 4.81% | 5.94% |
Correlation
The correlation between SYBG.DE and VGEA.DE is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2019 | 0.62 |
The correlation between SYBG.DE and VGEA.DE has been stable across timeframes, ranging from 0.62 to 0.72 - a consistent structural relationship.
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. VGEA.DE — Risk / Return Rank
SYBG.DE
VGEA.DE
SYBG.DE vs. VGEA.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 Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VGEA.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 | VGEA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.00 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | -0.01 | -0.11 |
| Martin ratioReturn relative to average drawdown | -0.29 | -0.04 | -0.25 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SYBG.DE | VGEA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.08 | -0.01 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.42 | -0.35 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.19 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.02 | -0.10 | +0.08 |
Drawdowns
SYBG.DE vs. VGEA.DE - Drawdown Comparison
The maximum SYBG.DE drawdown since its inception was -36.77%, which is greater than VGEA.DE's maximum drawdown of -22.34%. Use the drawdown chart below to compare losses from any high point for SYBG.DE and VGEA.DE.
Loading charts...
Drawdown Indicators
| SYBG.DE | VGEA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.77% | -22.34% | -14.43% |
Max Drawdown (1Y)Largest decline over 1 year | -5.42% | -3.44% | -1.98% |
Max Drawdown (3Y)Largest decline over 3 years | -8.77% | -4.00% | -4.77% |
Max Drawdown (5Y)Largest decline over 5 years | -36.25% | -21.47% | -14.78% |
Max Drawdown (10Y)Largest decline over 10 years | -36.77% | — | — |
Current DrawdownCurrent decline from peak | -28.15% | -13.91% | -14.24% |
Average DrawdownAverage peak-to-trough decline | -13.60% | -10.30% | -3.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.35% | 1.33% | +1.02% |
Volatility
SYBG.DE vs. VGEA.DE - Volatility Comparison
SPDR Bloomberg UK Gilt UCITS ETF (SYBG.DE) has a higher volatility of 3.47% compared to Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VGEA.DE) at 1.67%. This indicates that SYBG.DE's price experiences larger fluctuations and is considered to be riskier than VGEA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SYBG.DE | VGEA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.47% | 1.67% | +1.80% |
Volatility (6M)Calculated over the trailing 6-month period | 6.13% | 3.62% | +2.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.05% | 4.33% | +3.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.82% | 6.39% | +5.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.14% | 5.86% | +5.28% |
SYBG.DE vs. VGEA.DE - Expense Ratio Comparison
SYBG.DE has a 0.15% expense ratio, which is higher than VGEA.DE's 0.07% expense ratio. However, 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. VGEA.DE - Dividend Comparison
SYBG.DE's dividend yield for the trailing twelve months is around 3.82%, while VGEA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VGEA.DE Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SYBG.DE and VGEA.DE have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGEA.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGEA.DE is cheaper with a 0.07% expense ratio, compared with 0.15% for SYBG.DE.
SYBG.DE tracks Bloomberg UK Gilt, while VGEA.DE tracks Bloomberg Euro Aggregate Treasury. They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.15% for SYBG.DE and 0.07% for VGEA.DE.
Find the right allocation for SYBG.DE and VGEA.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