SYBL.DE vs. X03B.DE
SYBL.DE (SPDR Bloomberg 15+ Year Gilt UCITS ETF) and X03B.DE (Xtrackers Eurozone Government Bond 1-3 UCITS ETF) are both European Government Bonds funds - SYBL.DE tracks the Bloomberg UK Gilt 15+ while X03B.DE tracks the iBoxx® EUR Eurozone 1-3. Both are passively managed. Over the past 10 years, SYBL.DE returned -4.51%/yr vs 0.23%/yr for X03B.DE. At a 0.38 correlation, their price movements are largely independent. Both charge a 0.15% expense ratio.
Performance
SYBL.DE vs. X03B.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 X03B.DE's 0.05% return. Over the past 10 years, SYBL.DE has underperformed X03B.DE with an annualized return of -4.51%, while X03B.DE has yielded a comparatively higher 0.23% 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%
X03B.DE
- 1D
- 0.04%
- 1M
- 0.05%
- YTD
- 0.05%
- 6M
- 0.20%
- 1Y
- 0.95%
- 3Y*
- 2.63%
- 5Y*
- 0.68%
- 10Y*
- 0.23%
SYBL.DE vs. X03B.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% |
X03B.DE Xtrackers Eurozone Government Bond 1-3 UCITS ETF | 0.05% | 2.25% | 3.05% | 3.35% | -4.64% | -0.79% | -0.13% | 0.14% | -0.34% | -0.48% |
Correlation
The correlation between SYBL.DE and X03B.DE is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since May 21, 2012 | 0.38 |
The correlation between SYBL.DE and X03B.DE shifts across timeframes, from 0.38 (all time) to 0.60 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
SYBL.DE vs. X03B.DE — Risk / Return Rank
SYBL.DE
X03B.DE
SYBL.DE vs. X03B.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 Xtrackers Eurozone Government Bond 1-3 UCITS ETF (X03B.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 | X03B.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.81 | ||
| Sortino ratioReturn per unit of downside risk | -1.07 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.13 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.24 | 0.63 | -0.87 |
| Martin ratioReturn relative to average drawdown | -0.57 | 2.04 | -2.61 |
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 | X03B.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.19 | 0.62 | -0.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.53 | 0.41 | -0.94 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.25 | 0.17 | -0.43 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.07 | 0.57 | -0.65 |
Drawdowns
SYBL.DE vs. X03B.DE - Drawdown Comparison
The maximum SYBL.DE drawdown since its inception was -57.50%, which is greater than X03B.DE's maximum drawdown of -6.78%. Use the drawdown chart below to compare losses from any high point for SYBL.DE and X03B.DE.
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Drawdown Indicators
| SYBL.DE | X03B.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.50% | -6.78% | -50.72% |
Max Drawdown (1Y)Largest decline over 1 year | -10.35% | -1.28% | -9.07% |
Max Drawdown (3Y)Largest decline over 3 years | -17.73% | -1.28% | -16.45% |
Max Drawdown (5Y)Largest decline over 5 years | -55.48% | -5.67% | -49.81% |
Max Drawdown (10Y)Largest decline over 10 years | -57.50% | -6.78% | -50.72% |
Current DrawdownCurrent decline from peak | -52.83% | -0.51% | -52.32% |
Average DrawdownAverage peak-to-trough decline | -20.87% | -1.19% | -19.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.39% | 0.40% | +3.99% |
Volatility
SYBL.DE vs. X03B.DE - Volatility Comparison
SPDR Bloomberg 15+ Year Gilt UCITS ETF (SYBL.DE) has a higher volatility of 5.80% compared to Xtrackers Eurozone Government Bond 1-3 UCITS ETF (X03B.DE) at 0.50%. This indicates that SYBL.DE's price experiences larger fluctuations and is considered to be riskier than X03B.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 | X03B.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.80% | 0.50% | +5.30% |
Volatility (6M)Calculated over the trailing 6-month period | 10.48% | 1.20% | +9.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.44% | 1.30% | +12.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.69% | 1.63% | +19.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.69% | 1.32% | +16.37% |
SYBL.DE vs. X03B.DE - Expense Ratio Comparison
Both SYBL.DE and X03B.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. X03B.DE - Dividend Comparison
SYBL.DE's dividend yield for the trailing twelve months is around 5.11%, more than X03B.DE's 1.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
X03B.DE Xtrackers Eurozone Government Bond 1-3 UCITS ETF | 1.53% | 1.39% | 0.98% | 0.28% | 0.12% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.65% | 0.66% |
Frequently Asked Questions
SYBL.DE and X03B.DE have a correlation of 0.58, 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 X03B.DE have the same expense ratio: 0.15% per year.
SYBL.DE tracks Bloomberg UK Gilt 15+, while X03B.DE tracks iBoxx® EUR Eurozone 1-3. They also come from different issuers: State Street and Xtrackers.
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