SYBL.DE vs. IBCM.DE
SYBL.DE (SPDR Bloomberg 15+ Year Gilt UCITS ETF) and IBCM.DE (iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist)) are both European Government Bonds funds - SYBL.DE tracks the Bloomberg UK Gilt 15+ while IBCM.DE tracks the Bloomberg Euro Government Bond 10. Both are passively managed. Over the past 10 years, SYBL.DE returned -4.51%/yr vs -0.17%/yr for IBCM.DE. A 0.63 correlation means they provide meaningful diversification when combined. Both charge a 0.15% expense ratio.
Performance
SYBL.DE vs. IBCM.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SYBL.DE achieves a -3.01% return, which is significantly lower than IBCM.DE's 0.27% return. Over the past 10 years, SYBL.DE has underperformed IBCM.DE with an annualized return of -4.51%, while IBCM.DE has yielded a comparatively higher -0.17% 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%
IBCM.DE
- 1D
- 0.06%
- 1M
- 0.02%
- YTD
- 0.27%
- 6M
- 0.03%
- 1Y
- 0.68%
- 3Y*
- 2.61%
- 5Y*
- -2.34%
- 10Y*
- -0.17%
SYBL.DE vs. IBCM.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% |
IBCM.DE iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) | 0.27% | 1.53% | 0.84% | 8.74% | -19.91% | -3.09% | 4.08% | 6.64% | 1.32% | 0.88% |
Correlation
The correlation between SYBL.DE and IBCM.DE is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since May 21, 2012 | 0.63 |
The correlation between SYBL.DE and IBCM.DE shifts across timeframes, from 0.63 (all time) to 0.74 (3 years), reflecting how their relationship changes across market environments.
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
SYBL.DE vs. IBCM.DE — Risk / Return Rank
SYBL.DE
IBCM.DE
SYBL.DE vs. IBCM.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 iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) (IBCM.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 | IBCM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.01 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.24 | 0.03 | -0.27 |
| Martin ratioReturn relative to average drawdown | -0.57 | 0.08 | -0.65 |
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
| SYBL.DE | IBCM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.19 | 0.03 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.53 | -0.31 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.25 | -0.03 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.07 | 0.59 | -0.66 |
Drawdowns
SYBL.DE vs. IBCM.DE - Drawdown Comparison
The maximum SYBL.DE drawdown since its inception was -57.50%, which is greater than IBCM.DE's maximum drawdown of -23.25%. Use the drawdown chart below to compare losses from any high point for SYBL.DE and IBCM.DE.
Loading charts...
Drawdown Indicators
| SYBL.DE | IBCM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.50% | -23.25% | -34.25% |
Max Drawdown (1Y)Largest decline over 1 year | -10.35% | -4.08% | -6.27% |
Max Drawdown (3Y)Largest decline over 3 years | -17.73% | -4.53% | -13.20% |
Max Drawdown (5Y)Largest decline over 5 years | -55.48% | -22.90% | -32.58% |
Max Drawdown (10Y)Largest decline over 10 years | -57.50% | -23.25% | -34.25% |
Current DrawdownCurrent decline from peak | -52.83% | -13.71% | -39.12% |
Average DrawdownAverage peak-to-trough decline | -20.87% | -5.23% | -15.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.39% | 1.53% | +2.86% |
Volatility
SYBL.DE vs. IBCM.DE - Volatility Comparison
SPDR Bloomberg 15+ Year Gilt UCITS ETF (SYBL.DE) has a higher volatility of 5.80% compared to iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) (IBCM.DE) at 1.94%. This indicates that SYBL.DE's price experiences larger fluctuations and is considered to be riskier than IBCM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SYBL.DE | IBCM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.80% | 1.94% | +3.86% |
Volatility (6M)Calculated over the trailing 6-month period | 10.48% | 4.20% | +6.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.44% | 5.00% | +8.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.69% | 7.39% | +13.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.69% | 6.03% | +11.66% |
SYBL.DE vs. IBCM.DE - Expense Ratio Comparison
Both SYBL.DE and IBCM.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. IBCM.DE - Dividend Comparison
SYBL.DE's dividend yield for the trailing twelve months is around 5.11%, more than IBCM.DE's 2.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBCM.DE iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) | 2.92% | 2.82% | 2.73% | 1.97% | 0.13% | 0.00% | 0.09% | 0.63% | 0.75% | 0.76% | 0.80% | 1.09% |
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 IBCM.DE have a correlation of 0.72, 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 IBCM.DE have the same expense ratio: 0.15% per year.
SYBL.DE tracks Bloomberg UK Gilt 15+, while IBCM.DE tracks Bloomberg Euro Government Bond 10. They also come from different issuers: State Street and iShares.
Find the right allocation for SYBL.DE and IBCM.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