SYBL.DE vs. VGEB.DE
SYBL.DE (SPDR Bloomberg 15+ Year Gilt UCITS ETF) and VGEB.DE (Vanguard EUR Eurozone Government Bond UCITS ETF Distributing) are both European Government Bonds funds - SYBL.DE tracks the Bloomberg UK Gilt 15+ while VGEB.DE tracks the Bloomberg Euro Aggregate Treasury. Both are passively managed. Over the past 5 years, SYBL.DE returned -10.54%/yr vs -1.95%/yr for VGEB.DE. A 0.66 correlation means they provide meaningful diversification when combined. SYBL.DE charges 0.15%/yr vs 0.07%/yr for VGEB.DE.
Performance
SYBL.DE vs. VGEB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SYBL.DE achieves a 0.38% return, which is significantly lower than VGEB.DE's 1.31% return.
SYBL.DE
- 1D
- -0.17%
- 1M
- 3.20%
- YTD
- 0.38%
- 6M
- 0.99%
- 1Y
- 0.59%
- 3Y*
- -0.74%
- 5Y*
- -10.54%
- 10Y*
- -4.19%
VGEB.DE
- 1D
- 0.09%
- 1M
- 0.95%
- YTD
- 1.31%
- 6M
- 1.40%
- 1Y
- 1.22%
- 3Y*
- 2.49%
- 5Y*
- -1.95%
- 10Y*
- —
SYBL.DE vs. VGEB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SYBL.DE SPDR Bloomberg 15+ Year Gilt UCITS ETF | 0.38% | -0.98% | -6.82% | 3.36% | -43.17% | 0.20% | 6.08% | 17.90% | -1.00% | 4.33% |
VGEB.DE Vanguard EUR Eurozone Government Bond UCITS ETF Distributing | 1.31% | 0.67% | 1.53% | 6.85% | -18.24% | -3.27% | 4.71% | 6.82% | 0.97% | -0.51% |
Correlation
The correlation between SYBL.DE and VGEB.DE is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2017 | 0.66 |
The correlation between SYBL.DE and VGEB.DE has been stable across timeframes, ranging from 0.66 to 0.76 - a consistent structural relationship.
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Return for Risk
SYBL.DE vs. VGEB.DE — Risk / Return Rank
SYBL.DE
VGEB.DE
SYBL.DE vs. VGEB.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 Vanguard EUR Eurozone Government Bond UCITS ETF Distributing (VGEB.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SYBL.DE | VGEB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.05 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.06 | 0.35 | -0.30 |
| Martin ratioReturn relative to average drawdown | 0.14 | 0.89 | -0.75 |
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Drawdowns
SYBL.DE vs. VGEB.DE - Drawdown Comparison
The maximum SYBL.DE drawdown since its inception was -57.50%, which is greater than VGEB.DE's maximum drawdown of -22.41%. Use the drawdown chart below to compare losses from any high point for SYBL.DE and VGEB.DE.
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Drawdown Indicators
| SYBL.DE | VGEB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.50% | -22.41% | -35.09% |
Max Drawdown (1Y)Largest decline over 1 year | -10.34% | -3.44% | -6.90% |
Max Drawdown (3Y)Largest decline over 3 years | -17.74% | -4.06% | -13.68% |
Max Drawdown (5Y)Largest decline over 5 years | -55.48% | -21.50% | -33.98% |
Max Drawdown (10Y)Largest decline over 10 years | -57.50% | — | — |
Current DrawdownCurrent decline from peak | -51.20% | -12.92% | -38.28% |
Average DrawdownAverage peak-to-trough decline | -20.71% | -8.98% | -11.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.15% | 1.37% | +2.78% |
Volatility
SYBL.DE vs. VGEB.DE - Volatility Comparison
SPDR Bloomberg 15+ Year Gilt UCITS ETF (SYBL.DE) has a higher volatility of 3.02% compared to Vanguard EUR Eurozone Government Bond UCITS ETF Distributing (VGEB.DE) at 1.13%. This indicates that SYBL.DE's price experiences larger fluctuations and is considered to be riskier than VGEB.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 | VGEB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.02% | 1.13% | +1.89% |
Volatility (6M)Calculated over the trailing 6-month period | 10.43% | 3.55% | +6.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.52% | 4.24% | +9.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.64% | 6.36% | +14.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.57% | 5.53% | +14.04% |
SYBL.DE vs. VGEB.DE - Expense Ratio Comparison
SYBL.DE has a 0.15% expense ratio, which is higher than VGEB.DE's 0.07% 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. VGEB.DE - Dividend Comparison
SYBL.DE's dividend yield for the trailing twelve months is around 4.94%, more than VGEB.DE's 2.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SYBL.DE SPDR Bloomberg 15+ Year Gilt UCITS ETF | 4.94% | 4.88% | 4.30% | 2.96% | 1.73% | 0.85% | 1.05% | 1.36% | 1.58% | 1.90% | 2.13% | 2.55% |
VGEB.DE Vanguard EUR Eurozone Government Bond UCITS ETF Distributing | 2.88% | 2.88% | 2.56% | 1.83% | 0.48% | 0.08% | 0.15% | 0.51% | 0.56% | 0.09% | 0.00% | 0.00% |
Frequently Asked Questions
SYBL.DE and VGEB.DE have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGEB.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGEB.DE is cheaper with a 0.07% expense ratio, compared with 0.15% for SYBL.DE.
SYBL.DE tracks Bloomberg UK Gilt 15+, while VGEB.DE tracks Bloomberg Euro Aggregate Treasury. They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.15% for SYBL.DE and 0.07% for VGEB.DE.
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