SYBL.DE vs. DE5A.DE
SYBL.DE (SPDR Bloomberg 15+ Year Gilt UCITS ETF) and DE5A.DE (Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR) are both European Government Bonds funds - SYBL.DE tracks the Bloomberg UK Gilt 15+ while DE5A.DE tracks the FTSE Highest-Rated Eurozone Government Bond. Both are passively managed. Over the past 10 years, SYBL.DE returned -4.51%/yr vs -1.18%/yr for DE5A.DE. A 0.69 correlation means they provide meaningful diversification when combined. SYBL.DE charges 0.15%/yr vs 0.14%/yr for DE5A.DE.
Performance
SYBL.DE vs. DE5A.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SYBL.DE achieves a -3.01% return, which is significantly lower than DE5A.DE's 0.27% return. Over the past 10 years, SYBL.DE has underperformed DE5A.DE with an annualized return of -4.51%, while DE5A.DE has yielded a comparatively higher -1.18% annualized return.
SYBL.DE
- 1D
- 0.30%
- 1M
- 0.76%
- YTD
- -3.01%
- 6M
- -2.76%
- 1Y
- -2.42%
- 3Y*
- -1.08%
- 5Y*
- -10.98%
- 10Y*
- -4.51%
DE5A.DE
- 1D
- 0.08%
- 1M
- -0.09%
- YTD
- 0.27%
- 6M
- 0.19%
- 1Y
- -0.43%
- 3Y*
- 1.24%
- 5Y*
- -3.17%
- 10Y*
- -1.18%
SYBL.DE vs. DE5A.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SYBL.DE SPDR Bloomberg 15+ Year Gilt UCITS ETF | -3.01% | -1.00% | -6.77% | 3.36% | -43.17% | 0.20% | 6.07% | 17.90% | -1.01% | -0.58% |
DE5A.DE Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR | 0.27% | -0.65% | -0.40% | 5.80% | -19.06% | -3.67% | 3.70% | 4.28% | 1.66% | -0.73% |
Correlation
The correlation between SYBL.DE and DE5A.DE is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since May 21, 2012 | 0.69 |
The correlation between SYBL.DE and DE5A.DE has been stable across timeframes, ranging from 0.69 to 0.75 - a consistent structural relationship.
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Return for Risk
SYBL.DE vs. DE5A.DE — Risk / Return Rank
SYBL.DE
DE5A.DE
SYBL.DE vs. DE5A.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg 15+ Year Gilt UCITS ETF (SYBL.DE) and Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR (DE5A.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.
| SYBL.DE | DE5A.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 0.97 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.24 | -0.26 | +0.02 |
| Martin ratioReturn relative to average drawdown | -0.57 | -0.58 | +0.01 |
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
| SYBL.DE | DE5A.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.19 | -0.20 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.53 | -0.49 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.25 | -0.22 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.07 | 0.22 | -0.30 |
Drawdowns
SYBL.DE vs. DE5A.DE - Drawdown Comparison
The maximum SYBL.DE drawdown since its inception was -57.50%, which is greater than DE5A.DE's maximum drawdown of -24.92%. Use the drawdown chart below to compare losses from any high point for SYBL.DE and DE5A.DE.
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Drawdown Indicators
| SYBL.DE | DE5A.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.50% | -24.92% | -32.58% |
Max Drawdown (1Y)Largest decline over 1 year | -10.35% | -3.13% | -7.22% |
Max Drawdown (3Y)Largest decline over 3 years | -17.73% | -4.45% | -13.28% |
Max Drawdown (5Y)Largest decline over 5 years | -55.48% | -22.78% | -32.70% |
Max Drawdown (10Y)Largest decline over 10 years | -57.50% | -24.92% | -32.58% |
Current DrawdownCurrent decline from peak | -52.83% | -19.43% | -33.40% |
Average DrawdownAverage peak-to-trough decline | -20.87% | -7.30% | -13.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.39% | 1.42% | +2.97% |
Volatility
SYBL.DE vs. DE5A.DE - Volatility Comparison
SPDR Bloomberg 15+ Year Gilt UCITS ETF (SYBL.DE) has a higher volatility of 5.80% compared to Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR (DE5A.DE) at 1.71%. This indicates that SYBL.DE's price experiences larger fluctuations and is considered to be riskier than DE5A.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SYBL.DE | DE5A.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.80% | 1.71% | +4.09% |
Volatility (6M)Calculated over the trailing 6-month period | 10.48% | 3.44% | +7.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.44% | 4.19% | +9.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.69% | 6.45% | +14.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.69% | 5.37% | +12.32% |
SYBL.DE vs. DE5A.DE - Expense Ratio Comparison
SYBL.DE has a 0.15% expense ratio, which is higher than DE5A.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
SYBL.DE vs. DE5A.DE - Dividend Comparison
SYBL.DE's dividend yield for the trailing twelve months is around 5.11%, while DE5A.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DE5A.DE Amundi Government Bond Highest Rated Euro Investment Grade UCITS ETF EUR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SYBL.DE SPDR Bloomberg 15+ Year Gilt UCITS ETF | 5.11% | 4.88% | 4.32% | 2.96% | 1.73% | 0.85% | 1.05% | 1.36% | 1.58% | 1.90% | 2.13% | 2.55% |
Frequently Asked Questions
SYBL.DE and DE5A.DE have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DE5A.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DE5A.DE is cheaper with a 0.14% expense ratio, compared with 0.15% for SYBL.DE.
SYBL.DE tracks Bloomberg UK Gilt 15+, while DE5A.DE tracks FTSE Highest-Rated Eurozone Government Bond. They also come from different issuers: State Street and Amundi. Their fees differ too: 0.15% for SYBL.DE and 0.14% for DE5A.DE.
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