SYBG.DE vs. X1GD.DE
SYBG.DE (SPDR Bloomberg UK Gilt UCITS ETF) and X1GD.DE (Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR Dist) are both European Government Bonds funds - SYBG.DE tracks the Bloomberg UK Gilt while X1GD.DE tracks the FTSE Lowest-Rated Eurozone Government Bond Investment Grade. Both are passively managed. Over the past 3 years, SYBG.DE returned 2.88%/yr vs 3.02%/yr for X1GD.DE. A 0.73 correlation means they provide meaningful diversification when combined. SYBG.DE charges 0.15%/yr vs 0.14%/yr for X1GD.DE.
Performance
SYBG.DE vs. X1GD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SYBG.DE achieves a 1.85% return, which is significantly higher than X1GD.DE's -0.11% return.
SYBG.DE
- 1D
- 1.02%
- 1M
- 1.41%
- 6M
- 0.08%
- YTD
- 1.85%
- 1Y
- 4.86%
- 3Y*
- 2.88%
- 5Y*
- -5.06%
- 10Y*
- -1.75%
X1GD.DE
- 1D
- -0.07%
- 1M
- -0.78%
- 6M
- -0.63%
- YTD
- -0.11%
- 1Y
- 1.00%
- 3Y*
- 3.02%
- 5Y*
- —
- 10Y*
- —
SYBG.DE vs. X1GD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SYBG.DE SPDR Bloomberg UK Gilt UCITS ETF | 1.85% | 0.15% | 0.07% | 5.36% | -28.98% | -0.23% |
X1GD.DE Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR Dist | -0.11% | 1.19% | 2.68% | 7.59% | -18.37% | -1.99% |
Correlation
The correlation between SYBG.DE and X1GD.DE is 0.70, 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 | 0.73 |
Correlation (All Time) Calculated using the full available price history since Aug 26, 2021 | 0.73 |
The correlation between SYBG.DE and X1GD.DE has been stable across timeframes, ranging from 0.70 to 0.73 - a consistent structural relationship.
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Return for Risk
SYBG.DE vs. X1GD.DE — Risk / Return Rank
SYBG.DE
X1GD.DE
SYBG.DE vs. X1GD.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 Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR Dist (X1GD.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 | X1GD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.04 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | 0.27 | +0.62 |
| Martin ratioReturn relative to average drawdown | 2.78 | 0.70 | +2.08 |
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Drawdowns
SYBG.DE vs. X1GD.DE - Drawdown Comparison
The maximum SYBG.DE drawdown since its inception was -36.66%, which is greater than X1GD.DE's maximum drawdown of -21.09%. Use the drawdown chart below to compare losses from any high point for SYBG.DE and X1GD.DE.
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Drawdown Indicators
| SYBG.DE | X1GD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.66% | -21.09% | -15.57% |
Max Drawdown (1Y)Largest decline over 1 year | -5.42% | -3.65% | -1.77% |
Max Drawdown (3Y)Largest decline over 3 years | -8.78% | -4.19% | -4.59% |
Max Drawdown (5Y)Largest decline over 5 years | -36.25% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -36.66% | — | — |
Current DrawdownCurrent decline from peak | -26.34% | -10.86% | -15.48% |
Average DrawdownAverage peak-to-trough decline | -13.47% | -12.79% | -0.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.75% | 1.43% | +0.32% |
Volatility
SYBG.DE vs. X1GD.DE - Volatility Comparison
SPDR Bloomberg UK Gilt UCITS ETF (SYBG.DE) has a higher volatility of 2.20% compared to Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR Dist (X1GD.DE) at 1.23%. This indicates that SYBG.DE's price experiences larger fluctuations and is considered to be riskier than X1GD.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 | X1GD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.20% | 1.23% | +0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 6.23% | 3.99% | +2.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.89% | 4.65% | +3.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.76% | 6.62% | +5.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.82% | 6.62% | +7.20% |
SYBG.DE vs. X1GD.DE - Expense Ratio Comparison
SYBG.DE has a 0.15% expense ratio, which is higher than X1GD.DE's 0.14% 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. X1GD.DE - Dividend Comparison
SYBG.DE's dividend yield for the trailing twelve months is around 3.73%, more than X1GD.DE's 2.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
X1GD.DE Amundi Government Bond Lowest Rated Euro Investment Grade UCITS ETF EUR Dist | 2.58% | 2.58% | 2.32% | 2.20% | 2.38% | 1.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SYBG.DE and X1GD.DE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, X1GD.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
X1GD.DE is cheaper with a 0.14% expense ratio, compared with 0.15% for SYBG.DE.
SYBG.DE tracks Bloomberg UK Gilt, while X1GD.DE tracks FTSE Lowest-Rated Eurozone Government Bond Investment Grade. They also come from different issuers: State Street and Amundi. Their fees differ too: 0.15% for SYBG.DE and 0.14% for X1GD.DE.
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