SYBL.DE vs. EL4S.DE
SYBL.DE (SPDR Bloomberg 15+ Year Gilt UCITS ETF) and EL4S.DE (Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF) are both European Government Bonds funds - SYBL.DE tracks the Bloomberg UK Gilt 15+ while EL4S.DE tracks the Deutsche Börse EUROGOV® Germany 1-3. Both are passively managed. Over the past 10 years, SYBL.DE returned -4.51%/yr vs -0.20%/yr for EL4S.DE. At a 0.48 correlation, their price movements are largely independent. Both charge a 0.15% expense ratio.
Performance
SYBL.DE vs. EL4S.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 EL4S.DE's 0.11% return. Over the past 10 years, SYBL.DE has underperformed EL4S.DE with an annualized return of -4.51%, while EL4S.DE has yielded a comparatively higher -0.20% 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%
EL4S.DE
- 1D
- 0.02%
- 1M
- 0.06%
- YTD
- 0.11%
- 6M
- 0.17%
- 1Y
- 0.70%
- 3Y*
- 2.24%
- 5Y*
- 0.36%
- 10Y*
- -0.20%
SYBL.DE vs. EL4S.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% |
EL4S.DE Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF | 0.11% | 1.65% | 2.75% | 2.51% | -4.56% | -0.97% | -0.79% | -0.83% | -0.57% | -1.08% |
Correlation
The correlation between SYBL.DE and EL4S.DE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since May 21, 2012 | 0.48 |
The correlation between SYBL.DE and EL4S.DE has been stable across timeframes, ranging from 0.44 to 0.52 - a consistent structural relationship.
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Return for Risk
SYBL.DE vs. EL4S.DE — Risk / Return Rank
SYBL.DE
EL4S.DE
SYBL.DE vs. EL4S.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 Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF (EL4S.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 | EL4S.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -0.96 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.10 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.24 | 0.58 | -0.82 |
| Martin ratioReturn relative to average drawdown | -0.57 | 1.87 | -2.44 |
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
| SYBL.DE | EL4S.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.19 | 0.54 | -0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.53 | 0.24 | -0.77 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.25 | -0.18 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.07 | -0.30 | +0.23 |
Drawdowns
SYBL.DE vs. EL4S.DE - Drawdown Comparison
The maximum SYBL.DE drawdown since its inception was -57.50%, which is greater than EL4S.DE's maximum drawdown of -13.04%. Use the drawdown chart below to compare losses from any high point for SYBL.DE and EL4S.DE.
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Drawdown Indicators
| SYBL.DE | EL4S.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.50% | -13.04% | -44.46% |
Max Drawdown (1Y)Largest decline over 1 year | -10.35% | -1.03% | -9.32% |
Max Drawdown (3Y)Largest decline over 3 years | -17.73% | -1.03% | -16.70% |
Max Drawdown (5Y)Largest decline over 5 years | -55.48% | -5.86% | -49.62% |
Max Drawdown (10Y)Largest decline over 10 years | -57.50% | -9.46% | -48.04% |
Current DrawdownCurrent decline from peak | -52.83% | -6.04% | -46.79% |
Average DrawdownAverage peak-to-trough decline | -20.87% | -5.87% | -15.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.39% | 0.32% | +4.07% |
Volatility
SYBL.DE vs. EL4S.DE - Volatility Comparison
SPDR Bloomberg 15+ Year Gilt UCITS ETF (SYBL.DE) has a higher volatility of 5.80% compared to Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF (EL4S.DE) at 0.44%. This indicates that SYBL.DE's price experiences larger fluctuations and is considered to be riskier than EL4S.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 | EL4S.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.80% | 0.44% | +5.36% |
Volatility (6M)Calculated over the trailing 6-month period | 10.48% | 0.97% | +9.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.44% | 1.10% | +12.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.69% | 1.46% | +19.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.69% | 1.12% | +16.57% |
SYBL.DE vs. EL4S.DE - Expense Ratio Comparison
Both SYBL.DE and EL4S.DE have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SYBL.DE vs. EL4S.DE - Dividend Comparison
SYBL.DE's dividend yield for the trailing twelve months is around 5.11%, more than EL4S.DE's 1.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL4S.DE Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF | 1.48% | 1.20% | 0.83% | 0.60% | 0.88% | 0.94% | 0.78% | 1.06% | 0.99% | 1.63% | 1.46% | 1.60% |
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 EL4S.DE have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SYBL.DE and EL4S.DE have the same expense ratio: 0.15% per year.
SYBL.DE tracks Bloomberg UK Gilt 15+, while EL4S.DE tracks Deutsche Börse EUROGOV® Germany 1-3. They also come from different issuers: State Street and Deka.
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