SYBL.DE vs. SPYY.DE
SYBL.DE (SPDR Bloomberg 15+ Year Gilt UCITS ETF) and SPYY.DE (SPDR MSCI ACWI UCITS ETF) are both exchange-traded funds - SYBL.DE is a European Government Bonds fund tracking the Bloomberg UK Gilt 15+, while SPYY.DE is a Global Equities fund tracking the MSCI All Country World (ACWI). Both are passively managed. Over the past 10 years, SYBL.DE returned -4.51%/yr vs 12.40%/yr for SPYY.DE. At a 0.05 correlation, their price movements are largely independent. SYBL.DE charges 0.15%/yr vs 0.40%/yr for SPYY.DE.
Performance
SYBL.DE vs. SPYY.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 SPYY.DE's 12.54% return. Over the past 10 years, SYBL.DE has underperformed SPYY.DE with an annualized return of -4.51%, while SPYY.DE has yielded a comparatively higher 12.40% 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%
SPYY.DE
- 1D
- -0.21%
- 1M
- 3.63%
- YTD
- 12.54%
- 6M
- 12.75%
- 1Y
- 26.58%
- 3Y*
- 17.99%
- 5Y*
- 12.35%
- 10Y*
- 12.40%
SYBL.DE vs. SPYY.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% |
SPYY.DE SPDR MSCI ACWI UCITS ETF | 12.54% | 9.46% | 24.56% | 18.22% | -13.82% | 29.11% | 5.12% | 30.21% | -6.02% | 8.80% |
Correlation
The correlation between SYBL.DE and SPYY.DE is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since May 21, 2012 | 0.05 |
Over the past year, SYBL.DE and SPYY.DE have become more correlated (0.39) than their long-term average of 0.05, meaning their price movements have been converging.
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Return for Risk
SYBL.DE vs. SPYY.DE — Risk / Return Rank
SYBL.DE
SPYY.DE
SYBL.DE vs. SPYY.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 SPDR MSCI ACWI UCITS ETF (SPYY.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 | SPYY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.51 | ||
| Sortino ratioReturn per unit of downside risk | -3.41 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.44 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.24 | 4.10 | -4.34 |
| Martin ratioReturn relative to average drawdown | -0.57 | 16.60 | -17.17 |
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 | SPYY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.19 | 2.32 | -2.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.53 | 0.88 | -1.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.25 | 0.82 | -1.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.07 | 0.83 | -0.90 |
Drawdowns
SYBL.DE vs. SPYY.DE - Drawdown Comparison
The maximum SYBL.DE drawdown since its inception was -57.50%, which is greater than SPYY.DE's maximum drawdown of -33.49%. Use the drawdown chart below to compare losses from any high point for SYBL.DE and SPYY.DE.
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Drawdown Indicators
| SYBL.DE | SPYY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.50% | -33.49% | -24.01% |
Max Drawdown (1Y)Largest decline over 1 year | -10.35% | -6.49% | -3.86% |
Max Drawdown (3Y)Largest decline over 3 years | -17.73% | -21.27% | +3.54% |
Max Drawdown (5Y)Largest decline over 5 years | -55.48% | -21.27% | -34.21% |
Max Drawdown (10Y)Largest decline over 10 years | -57.50% | -33.49% | -24.01% |
Current DrawdownCurrent decline from peak | -52.83% | -0.61% | -52.22% |
Average DrawdownAverage peak-to-trough decline | -20.87% | -4.39% | -16.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.39% | 1.61% | +2.78% |
Volatility
SYBL.DE vs. SPYY.DE - Volatility Comparison
SPDR Bloomberg 15+ Year Gilt UCITS ETF (SYBL.DE) has a higher volatility of 5.80% compared to SPDR MSCI ACWI UCITS ETF (SPYY.DE) at 3.05%. This indicates that SYBL.DE's price experiences larger fluctuations and is considered to be riskier than SPYY.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 | SPYY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.80% | 3.05% | +2.75% |
Volatility (6M)Calculated over the trailing 6-month period | 10.48% | 8.21% | +2.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.44% | 11.47% | +1.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.69% | 13.90% | +6.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.69% | 15.07% | +2.62% |
SYBL.DE vs. SPYY.DE - Expense Ratio Comparison
SYBL.DE has a 0.15% expense ratio, which is lower than SPYY.DE's 0.40% expense ratio.
Dividends
SYBL.DE vs. SPYY.DE - Dividend Comparison
SYBL.DE's dividend yield for the trailing twelve months is around 5.11%, while SPYY.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYY.DE SPDR MSCI ACWI UCITS ETF | 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 SPYY.DE have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SYBL.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SYBL.DE is cheaper with a 0.15% expense ratio, compared with 0.40% for SPYY.DE.
SYBL.DE is categorized as European Government Bonds, while SPYY.DE is Global Equities. SYBL.DE tracks Bloomberg UK Gilt 15+, while SPYY.DE tracks MSCI All Country World (ACWI). Their fees differ too: 0.15% for SYBL.DE and 0.40% for SPYY.DE.
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