SYBJ.DE vs. IUSM.DE
SYBJ.DE (SPDR Bloomberg Euro High Yield Bond UCITS ETF) and IUSM.DE (iShares USD Treasury Bond 7-10yr UCITS ETF (Dist)) are both exchange-traded funds - SYBJ.DE is a European High Yield Bonds fund tracking the Bloomberg Liquidity Screened Euro High Yield Bond, while IUSM.DE is a Government Bonds fund tracking the ICE US Treasury 7-10 Year. Both are passively managed. Over the past 10 years, SYBJ.DE returned 3.11%/yr vs 0.29%/yr for IUSM.DE. At a correlation of -0.08, they often move in opposite directions. SYBJ.DE charges 0.40%/yr vs 0.07%/yr for IUSM.DE.
Performance
SYBJ.DE vs. IUSM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SYBJ.DE achieves a 1.02% return, which is significantly higher than IUSM.DE's 0.22% return. Over the past 10 years, SYBJ.DE has outperformed IUSM.DE with an annualized return of 3.11%, while IUSM.DE has yielded a comparatively lower 0.29% annualized return.
SYBJ.DE
- 1D
- -0.19%
- 1M
- 1.00%
- YTD
- 1.02%
- 6M
- 1.61%
- 1Y
- 3.38%
- 3Y*
- 6.65%
- 5Y*
- 2.51%
- 10Y*
- 3.11%
IUSM.DE
- 1D
- 0.13%
- 1M
- 0.34%
- YTD
- 0.22%
- 6M
- -0.62%
- 1Y
- 1.33%
- 3Y*
- -0.48%
- 5Y*
- -0.31%
- 10Y*
- 0.29%
SYBJ.DE vs. IUSM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SYBJ.DE SPDR Bloomberg Euro High Yield Bond UCITS ETF | 1.02% | 5.26% | 5.78% | 11.83% | -10.75% | 2.92% | 1.94% | 10.36% | -4.24% | 4.89% |
IUSM.DE iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) | 0.22% | -4.06% | 5.00% | -0.24% | -9.67% | 4.92% | -0.18% | 11.27% | 4.84% | -10.05% |
Correlation
The correlation between SYBJ.DE and IUSM.DE is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.13 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2012 | -0.08 |
The correlation between SYBJ.DE and IUSM.DE shifts across timeframes, from -0.13 (10 years) to 0.09 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
SYBJ.DE vs. IUSM.DE — Risk / Return Rank
SYBJ.DE
IUSM.DE
SYBJ.DE vs. IUSM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Euro High Yield Bond UCITS ETF (SYBJ.DE) and iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) (IUSM.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.
| SYBJ.DE | IUSM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.04 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.06 | 0.30 | +0.76 |
| Martin ratioReturn relative to average drawdown | 4.18 | 0.74 | +3.44 |
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
| SYBJ.DE | IUSM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 0.23 | +0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | -0.03 | +0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.03 | +0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.27 | +0.43 |
Drawdowns
SYBJ.DE vs. IUSM.DE - Drawdown Comparison
The maximum SYBJ.DE drawdown since its inception was -25.59%, which is greater than IUSM.DE's maximum drawdown of -21.40%. Use the drawdown chart below to compare losses from any high point for SYBJ.DE and IUSM.DE.
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Drawdown Indicators
| SYBJ.DE | IUSM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.59% | -21.40% | -4.19% |
Max Drawdown (1Y)Largest decline over 1 year | -3.19% | -4.45% | +1.26% |
Max Drawdown (3Y)Largest decline over 3 years | -4.19% | -10.86% | +6.67% |
Max Drawdown (5Y)Largest decline over 5 years | -16.31% | -15.69% | -0.62% |
Max Drawdown (10Y)Largest decline over 10 years | -25.59% | -21.40% | -4.19% |
Current DrawdownCurrent decline from peak | -0.35% | -17.38% | +17.03% |
Average DrawdownAverage peak-to-trough decline | -2.26% | -10.30% | +8.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 1.79% | -0.98% |
Volatility
SYBJ.DE vs. IUSM.DE - Volatility Comparison
SPDR Bloomberg Euro High Yield Bond UCITS ETF (SYBJ.DE) has a higher volatility of 1.34% compared to iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) (IUSM.DE) at 1.14%. This indicates that SYBJ.DE's price experiences larger fluctuations and is considered to be riskier than IUSM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SYBJ.DE | IUSM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.34% | 1.14% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 3.82% | 4.00% | -0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.27% | 5.78% | -1.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.98% | 8.96% | -2.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.98% | 8.33% | -1.35% |
SYBJ.DE vs. IUSM.DE - Expense Ratio Comparison
SYBJ.DE has a 0.40% expense ratio, which is higher than IUSM.DE's 0.07% expense ratio.
Dividends
SYBJ.DE vs. IUSM.DE - Dividend Comparison
SYBJ.DE's dividend yield for the trailing twelve months is around 5.34%, more than IUSM.DE's 3.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IUSM.DE iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) | 3.72% | 3.73% | 3.65% | 2.91% | 1.93% | 0.96% | 1.53% | 2.24% | 2.07% | 1.83% | 1.66% | 1.84% |
SYBJ.DE SPDR Bloomberg Euro High Yield Bond UCITS ETF | 5.34% | 5.47% | 5.86% | 4.96% | 3.48% | 2.91% | 3.14% | 3.08% | 2.86% | 3.57% | 3.57% | 3.91% |
Frequently Asked Questions
SYBJ.DE and IUSM.DE have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUSM.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUSM.DE is cheaper with a 0.07% expense ratio, compared with 0.40% for SYBJ.DE.
SYBJ.DE is categorized as European High Yield Bonds, while IUSM.DE is Government Bonds. SYBJ.DE tracks Bloomberg Liquidity Screened Euro High Yield Bond, while IUSM.DE tracks ICE US Treasury 7-10 Year. They also come from different issuers: State Street and iShares. Their fees differ too: 0.40% for SYBJ.DE and 0.07% for IUSM.DE.
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